Hi iv decided to go down the bankruptcy route and looking some advice I live in northern ireland. My mortgage company our going to start repossion soon so I think iv got around 6 months till this happens. Iv read that You may be asked to sign an 'income payments agreement' to pay fixed monthly instalments from your income for three years. So I want to look at what im allowed in my budget for the Official Receiver. There r 5 of us in total 2 adults and 3 children all below 12 years of age. Thanks in advance.

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Hi I currently have outstanding mortgage for £107,000 my house is worth £50,000 so im already £57,000 in negative equaity. There is a charge on house for £4700 and I also have other debts totalling around £10,000 all unsecured. Im £3400 in arrears and I don't plan to pay it for another while r maybe never again. I was looking at my options I live in northern Ireland. First of all I don't think the house is worth the effort im making to keep things going, would love to just hand back keys forget all about it but then id be left with my debts and £57,000 negative equaity so this is why im looking options. Was talking to advisor who going to charge big bucks to help me out by getting charge dropped house sold and agreeing a final payment with mortgage company. There is no guarntees and I don't want to pay money I don't have out for nothing. So im just looking some advice. Thanks.

Thanks i will take a look.

They have been fair so far i set up arrangment last month to pay £600 a month only paid once so far wont be paid this month. If i had of paid it for 6 months they were going to put arrears onto mortgage balance. But they did say i would need tp keep payments up because im nearly 6 months of arrears and once that happened they would start legal percedings. I know even if and when i go to court i can still safe my house but does any1 know how long the hole process takes if they were to file for repossion. Thanks. I paid last months payment not paying this month as i wont get nexts months up then im in process of getting may's payment together skipping aprils.

Hi new here just looking some options. I live in northern ireland and currently have a mortgage with birmingham midshires. I am nearly 6 months behind in arrears and about to fall further behind so i think repossion will be starting soon as they have meointed it before. My wife is currently a student so there only 1 income coming into the house in minute. In around 6 months time we will be in a better situation to pay everything as my wife will be due to start uni and will be paid £400 a month bersiure . Its the 6 months going forward that i need to sort out which im thinking i will have allready lost house by time she starts uni. Just looking to c if any1 has any options for me. Thanks in advance.