BernadetteP
Registered User
- Messages
- 4
Personal and income details
Net (i.e. after tax) Income self: nature of income e.g. self-employed/public servant etc Public Servant on basic rate 59,000
Income history; Public servant for 20 years approx
Net income partner/spouse: nature of income No income, self employed
Income history:Ceased to contribute to household income 3 years ago, still working 6 days a week and using any income generated by trying to pay off creditors by instalments
number of children 3 from 12 down, youngest 4
Amount of Mortgage Interest Supplement received None
Home loan
Lender: Bank of Ireland ICS
Amount outstanding:
300k
Value of home: 400 -450,000 max
Interest rate: Half fixed, half variable
Monthly repayment €1,400
Amount in arrears Nil
Summary of discussions and agreements with the banks None so far
No other property
Other loans and creditors –
Overdraft €750
Credit Card NONE
Credit Union NONE
Car loan NONE
Family NONE
Spouse owes money to bank, credit card, Revenue and business creditors.
Sole Trader
Total amt owed is considerable but unclear;€100,000 plus
Other savings and investments
10 k in credit union
How important is retaining the family home to you?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
Know that we are lucky as I have a job and can service mortgage alone by living very frugally.
At this rate partner could be working for next 20 years for no pay and no benefit to the family so he can pay back his creditors.
He does owe them and is bad with money.
Stress has huge impact on relationships and family life. Is there a better way? What are our options, if any?
Net (i.e. after tax) Income self: nature of income e.g. self-employed/public servant etc Public Servant on basic rate 59,000
Income history; Public servant for 20 years approx
Net income partner/spouse: nature of income No income, self employed
Income history:Ceased to contribute to household income 3 years ago, still working 6 days a week and using any income generated by trying to pay off creditors by instalments
number of children 3 from 12 down, youngest 4
Amount of Mortgage Interest Supplement received None
Home loan
Lender: Bank of Ireland ICS
Amount outstanding:
300k
Value of home: 400 -450,000 max
Interest rate: Half fixed, half variable
Monthly repayment €1,400
Amount in arrears Nil
Summary of discussions and agreements with the banks None so far
No other property
Other loans and creditors –
Overdraft €750
Credit Card NONE
Credit Union NONE
Car loan NONE
Family NONE
Spouse owes money to bank, credit card, Revenue and business creditors.
Sole Trader
Total amt owed is considerable but unclear;€100,000 plus
Other savings and investments
10 k in credit union
How important is retaining the family home to you?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
Know that we are lucky as I have a job and can service mortgage alone by living very frugally.
At this rate partner could be working for next 20 years for no pay and no benefit to the family so he can pay back his creditors.
He does owe them and is bad with money.
Stress has huge impact on relationships and family life. Is there a better way? What are our options, if any?