Before I was diagnosed everything was great handling my money issues that I had built up from years ago.
My credit cards didn't have any ppi so after I couldn't work I was stuck with huge bills.
i owe in total about £25k to credit cards, overdraft, store cards and other things.
i had been trying to keep on top of everything but just can't afford to keep up the payments anymore.
I have started to receive letters through the post and the missus is really worried now.
im not in a position to pay anymore and I'm worried that when my time comes it will all be stuck on my wife even though it's not her debts.
i can't work anymore due to illness and disability, my wife is my carer and I have three kids.
whats my best option.?
i have heard people being declared bankrupt and starting fresh so would this work for me?
i can never get credit or finance again due to the whole cancer tag I have gained so future credit is not an issue.
i only have a normal current account with a debit card and a £1.5k overdraft