Gucci
MB Enthusiast
An old friend of ours (62) has spoken recently of his increasingly troublesome financial pressures. His wife (61) can't work anymore through ill health. They tried incapacity benefit for her but were told she couldn't claim as her husband worked over 20 hours a week.
He's a carpenter in Cornwall which is a pretty poor county (outside tourism) and has had to travel out as far as Yorkshire to bring in work. They have already got to the stage where a debt management company has been brought in to deal with creditors. Of course, they take their share too along the way. They have a static caravan which is depreciating (although no mortgage).
Ultimately, if they hit the buffers, and lose everything, what happens next? Council flat for elderly? Other benefit? I've helped with a bit of money to help keep the wolf from the door, but know it's gone forever and only a sticky plaster on a gaping wound.
Would appreciate your thoughts?
Thank you
R
He's a carpenter in Cornwall which is a pretty poor county (outside tourism) and has had to travel out as far as Yorkshire to bring in work. They have already got to the stage where a debt management company has been brought in to deal with creditors. Of course, they take their share too along the way. They have a static caravan which is depreciating (although no mortgage).
Ultimately, if they hit the buffers, and lose everything, what happens next? Council flat for elderly? Other benefit? I've helped with a bit of money to help keep the wolf from the door, but know it's gone forever and only a sticky plaster on a gaping wound.
Would appreciate your thoughts?
Thank you
R