we want to pay off all debts(mediators) says go bankrupt,we dont want that who would lend (on pension?

Question

we are just renting from daughter and trying to help her too.
we were paying the debt mediators to help us but they say they cant, money we could have paid our bills with wasted again.....this all started because daughter bought our house here off us we moved to country(heaven) but she couldnt cope we sold that house and tried to fix this one up but we were ripped off all our money as builder wascheat and not licenced... we really need help.. i wish someone could just giv us a go and get back from hell.....thanking anyone in advance

Answer 1

It sounds like the debt mediators were a cheat, too.

Have you gotten any books (from the library) about financial matters? There's a guy named Dave Ramsey who pulled himself from the brink of bankruptcy, and you might be able to find some stuff by him on-line. He also writes an column for Quick and Simple.

I also like Suze Orman, who has a lot of books. One that comes to mind is The Nine Steps to Financial Freedom.

It's tough to come back from bankruptcy, especially on a pension. You may have to get part-time jobs and learn how to negotiate with your creditors.

Your daughter also needs to get a job and learn how to pull her own weight. I know it's natural for parents to want to help their children, but will it help if you all drown in financial debt? She might be able to help you out.

You need to educate yourselves about what to do. Don't trust anyone 100 percent. Do your own research, and then you can make an informed decision.

And bankruptcy isn't the end of the world, if it comes to that. It *is* a new beginning. You just have to know how to make the most of it so you don't find yourself bankrupt again.

Best wishes for financial recovery.

Answer 2

Go ahead and file bankruptcy if you qualify under the new laws. You will probably never get out of debt if you don't. In a few months you will start getting credit card offers. Get one card and use it to start building up your credit again. In seven year and a few months the bankruptcy will go off your credit report. And you will have good credit showing on your credit report if you want to buy a house or car. If you are worried about beating your creditors out of money, consider all the interest and carrying charges you have paid them all these years. They probably can take the loss of your accounts and still will be coming out ahead.

Answer 3

If you have documentary proof that you have been cheated, bring these documents to the legal bureau and see if they can help you recoup some of your monies.