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Struggling with debt?

Find out if you are eligible to write off unaffordable debt.

3 Answers

TAD Member

10 years ago

My brother has gone bankrupt but hasn’t completed all the finalized paper. He doesn’t live with her but has all his post going there if his bankruptcy gets revoked how can this affect her.

TAD Member

10 years ago

How long does disassociation last? My husband suffered Debt issues several years ago and to protect myself I disassociated myself from him. Does this still stand?

TAD Member

10 years ago

We’re sorry to hear that your daughter is in serious debt. We hope it sorts its self out soon. In the meantime you should be aware of the following.

As you have the same surname and I assume live in the same address, it is worth ‘disassociating’ yourself with the finances of your daughter. This process is called ‘Disassociation’. The process of disassociation is achieved by contacting the credit reference agencies. If you don’t do this, your daughters finances may affect your own credit rating and your ability to get finance.

Another point worth mentioning is I am sure you don’t want bailiffs turning up so it’s important that you know how bad things have got and that your daughter seeks help ASAP. There’s free debt advice and good debt solutions available to those struggling to meet repayments on debts. Both Debt Management Plans and IVA’s are two of the possible debt solutions to consider. A professional debt advisor will look at your daughters finances in more detail and be able to advise the best way forward.
 

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