Hi folks,
New to post here but a regular reader of the forum.
I'm a 47 year old public servant 2 years into a Debt Settlement arrangement. My circumstances have changed dramatically and following a review, I am unable to continue with the DSA as I just cannot afford it. I'm with Grant Thornton and their advise is to declare myself bankrupt. I'm worried sick, I'm a single parent of a 7 year old and receive no maintenance and am now renting a house. It's a struggle to survive at the moment and I really do not know the implications of declaring myself bankrupt.
Obviously, I still have a good way to go before retiring age and I'm 22 years in the Civil Service. I'm worried that if I go down this route, that my pension would be affected or taken away from me?
Any advise would be much appreciated.
Thanks
Mary.
New to post here but a regular reader of the forum.
I'm a 47 year old public servant 2 years into a Debt Settlement arrangement. My circumstances have changed dramatically and following a review, I am unable to continue with the DSA as I just cannot afford it. I'm with Grant Thornton and their advise is to declare myself bankrupt. I'm worried sick, I'm a single parent of a 7 year old and receive no maintenance and am now renting a house. It's a struggle to survive at the moment and I really do not know the implications of declaring myself bankrupt.
Obviously, I still have a good way to go before retiring age and I'm 22 years in the Civil Service. I'm worried that if I go down this route, that my pension would be affected or taken away from me?
Any advise would be much appreciated.
Thanks
Mary.