Hi Inceyb. I dont know much about TD and employment restrictions im afraid. Im sure someone will follow up with helpful advice though.

All i know is that your health is the most important thing for you and your family so take good care of yourself regardless of any financial matters.

You need to talk to someone right away. The experts on here are amazing and no matter what your situation, they'll have dealt with it before. You can message them directly.

Thinkingofthefuture is right. Your health and your family are the most important thing. I've been where you are - except with the job loss/certification loss. You probably aren't sleeping/eating and possibly will be massively distracted at work because you'll struggle to think of anything other than mounting debts. You sound so tired in your post. There'll be someone along who can give more advice but good luck with whatever you decide to do.

Good morning Inceyb and welcome to the forum.

I'm sorry to hear that you're having such a tough time. Debt really can take a heavy toll on people.

As the others have already said your health really is the most important thing at the moment. It sounds as though you've already reached out for help in that area which was certainly the right step to take.

A common theme in this forum is people writing that they wish they had taken advice sooner. That's because reaching out to a stranger for help with something so personal as your finances is (for many people) a massive step to take and is therefore sometimes put off for months or even years. However, from the perspective of a debt adviser, there is always a solution. When people discover that there are options to deal with the situation it's typically accompanied by a sense of relief but also sometimes a little regret that they'd put themselves through so much strife for so long beforehand.

I don't know whether you're ready to take the step to speak to someone as yet. If you aren't, please ask away on the forum here as there are loads of people who will try to help you (either with professional knowledge or their personal experiences).

Good morning Inceyb and welcome.

I'm sorry to hear about your situation and how you must be feeling. The hardest thing is actually asking for help and advice. I'm positive that between all the experts and regular posters on the forum we will be able to help you.

Are you able to advise what professional certification you have? Are you 100% certain that you will lose this if you consider a Trust Deed/Sequestration? What about if you were to consider a Debt Arrangement Scheme?

Also, you speak about business debts. Are these as a sole trader or from a Limited Company?

If you could give us an idea of what debts you have (the total) and also what the household income and expenditure is like then will be able to give you a better idea of what options might be available to you to deal with your debts.

Well done Inceyb - it shows a lot of courage to reach out for help, so you should be proud of yourself for taking the first step. One step at a time is all it takes and you could end up in a much better place.

As others have said, what might be possible will depend a lot upon your specific circumstances - Chris's questions are very pertinent and a good place to start. I suppose the other big question is whether you own your home or not, and whether there is any equity in it.

I think the key point will be the effect any decision will have on employment. In my experience, most professional would be subject to a restriction on practising, rather than an outright inability to continue.

I think in the current climate, attitudes have softened in most professions and the key may be to explore the available options and assess the outcome os each.

Mark

Definitely investigate the likely repercussions of any decision.
BUT you have to make a decision based on your health and sanity. There are other jobs out there which you can use your skills for if you have to. It's scary to take a jump out of your comfort zone but if you become really ill (or worse) you won't be any use to your child or yourself.
We all live in a little comfort bubble and can't see options outside of it, I have had major upheavals in my employment financial and personal life in this last year, and you know what? I don't regret any of it!!
I spent too long in a stressed out state unwilling to face the reality of my situation and therefore unable to realistically explore my options.
All the best with going forward

Hi Inceby

I am so sorry that you are feeling so very low.

I was diagnosed with depression which in some part was to do with my debts.

Eventually it all got too much for me and I felt that I had to do something or I was going down the "or else" route.

I spoke to one of the companies that advertised on the TV, did a bit of research and came across this forum - which (this may sound daft) to me was a life saver.

To know that you are not alone, other people have gone through this and have come out the other side to tell the tale.

I got a new job last year and on handing my notice in and waiting for my new contract to arrive - shock horror - a credit check was required as I was going to working in a financial company. I spent a 48 hour period nearly tearing my hair thinking woe is me blah blah but when I eventually spoke to the company on the Monday and explained the situation - they thanked me for my honesty and still offered me to the job.

There are alternatives out there for employement - your health is far far more important that any job.

Does your husband know about the situation? Perhaps speaking to a stranger would help.

Let us know how you get on. 🙂

Hi incyb,nothing is more important than that of you and your familys well being,take good care of yourself and remember there is always a route out of debt,just take the good advice of the people on here and a soloution will be found for you.
Best wishes
Jimmy

Nothing is ever a black as it feels until you speak to someone with knowledge of your problem. You've made the first step by posting on here, well done to you for that. Next step is contact a TD firm, the firms mentioned on here come highly recommended.
From my own experience, after the initial contact I felt 100 times better, my Trustee lead me through each step one at a time and I felt I was in safe hands.
Please do something quickly for your own sake and for sake of your health and wellbeing.
Wish you all best, myself and many others on here will help you with and questions or queries you come upon.