Right chaps, I'm currently in the process of getting a house with my fiancee but i have approx 18K of debt, I have already had to sell my S2 and now will have to sell my saph .

I have heard on the radio and TV that if you have aover about 15K debt there is a goverment legislation or something that will wipe out some of your debt .
How does this work and will if effect my credit rating and cause problems when getting a mortgage ( we have already been pre approved for the mortgage if i can pay off 8K from sale of both cars )

Any help much appreciated as my head is battered by all this debt and we really need our own place and me saph

cheers Bri.