Hi - we are up to our eyeballs in debt (around £65K to creditors + around £30K to family and friends). We are seriously considering going bancrupt but have some unusual queries which we don't know the answers to. We have explored IVA but it is probably not an option for us since one creditor makes up a bulk of the amount owing and if they don't agree we can't do it. We would also be required to take our daughter out of her school. Our 6-yr old daughter has been in a private school since she was 2 and a half - now I know most people in their right mind would take her out of there but it is not one of the most expensive and we have had meetings with the headmaster consequently setting up a weekly payment arrangement. It also happens that she is top of the class and excelling so well. We have a weekly standing order set up so if we stopped this and closed the account, making cheque or cash payments instead, would the receiver ever find out she was in a private school? The other main query is that if my husband declares bancrupt then what happens to debts that are in joint names? Also our car is on finance which is in arrears. However, we need this vehicle to work. I am a home retail catalogue distributor so need it to transport catalogues to some customers which are over 5 miles away, also deliver orders, some of which are small items of furniture such as bookcases etc. What would happen to the car if we still have it when we are made bancrupt? The trouble is that my income is so unpredictable that it is difficult to say how much I am going to earn one month to the next. Last month it was a pittence whereas the month before it was £600. The bailiff has left our door just now - we have to get things sorted....