Main site > MoneySavingExpert.com Forums > Essential Money > Bankruptcy & Living With It > how do i declare myself bankrupt? (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
how do i declare myself bankrupt?
Reply
Views: 16,553
Thread Tools Search this Thread Display Modes
# 1
danfx
Old 16-09-2007, 4:49 PM
PPR
MoneySaving Convert
 
Join Date: Jun 2006
Posts: 193
Default how do i declare myself bankrupt?

how do i do it, im in so much debt upto my eye balls i just wanna go kill my self help me!!!
danfx is offline
Reply With Quote Report Post
# 2
fermi
Old 16-09-2007, 4:59 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Apr 2007
Location: Planet Express
Posts: 32,449
Default

No amount of debt is worth that. Believe me; I've been there, done it, and I'm wondering whether to write the book.

I felt somewhat like you at some points in the past, but all problems can be solved.

You need to talk to someone professional regarding your debts:

Professional, free and impartial advice on debt problems can be obtained from several charitable organisations. They never make a penny from the advice they give, which means it will be given with only your best interests at heart.

You can contact:
Plus if you are really upset you can talk to:



The technical questions regarding declaring bankruptcy can be answered at:

How to petition for your own bankruptcy http://www.insolvency.gov.uk/guidanc...topetition.htm

Don't despair because everyone on this site and forum want to help and support you.
I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards, Loans, and Benefits boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com | > New to Forum? Click for Guide <

Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
fermi is offline
Reply With Quote Report Post
The Following 4 Users Say Thank You to fermi For This Useful Post: Show me >>
# 3
backontheup
Old 16-09-2007, 6:06 PM
MoneySaving Stalwart
 
Join Date: Feb 2007
Posts: 267
Default

Quote:
Originally Posted by danfx View Post
how do i do it, im in so much debt upto my eye balls i just wanna go kill my self help me!!!

Please dont ever consider that as a solution!!!

Post more information when you can ie what your income is, outgoings and how much you owe and we will help you.

Nothing is ever that desparate. NOTHING.
DISCHARGED 12th December 2007

BSC Member #91

Proud to have dealt with my debts
backontheup is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to backontheup For This Useful Post: Show me >>
# 4
madoldbat
Old 16-09-2007, 6:37 PM
MoneySaving Stalwart
 
Join Date: Apr 2007
Location: Hampshire
Posts: 451
Default

Danfx.
Welcome you have come to the rite place evryone on this site will help the best they can many have felt totaly desparate and know exactly how hurt you are but as Femmi and Backontheup have said it can be sorted and life can get better.
You have taken an important first step and a brave one to admit your debt hasl got to much to cope with and needs to be sorted out
You will recive support and advice not condemnation from us so please post again with details and use the links and numbers given by Femmi.
For now a big hug and we look forward to your next post.
Some of the best lessons we ever learn,we learn from our mistakes and failures.the error of the past is the success and wisdom of the future.
madoldbat is offline
Reply With Quote Report Post
The Following User Says Thank You to madoldbat For This Useful Post: Show me >>
# 5
danfx
Old 18-09-2007, 8:48 AM
PPR
MoneySaving Convert
 
Join Date: Jun 2006
Posts: 193
Default

Sorry it's took so long to get back to you:

My income per month: JSA (90 QUID PER 2 WEEK)

My outgoings a week: 3 Pound a week (provident loan)

i owe 400 quid to littlewoods which i cant afford

i owe 500 for a contract phone

i owe 200 to my bank

i know this dont seem like alot but it is to me, im geting phone calls and letters all the time, and they all wont let me have an agreement where i can pay them all 20 pound every two week. i mean my jsa will stop in a month or so so iether way im bugerd im 21 and lucky not to have a mortgage or anything in my situation it's hard im trying my best to get a job to sort all this out. then i can sort my life out.
but someone said, declare your self bankrupt it's easier. so i thought id come on here and see if anyone knew wot i could do? thanks

ps. ive got quite a few more bills than this like, odd 50 quid and 100 and etc... thanks
danfx is offline
Reply With Quote Report Post
# 6
backontheup
Old 18-09-2007, 9:04 AM
MoneySaving Stalwart
 
Join Date: Feb 2007
Posts: 267
Default

OK - you dont need to apply for bankruptcy. you can apply to the court for an administration order. You have debts that are less than 4000 so this is applicable.

Unfortunatley that is where my knowledge on the subject run out! if you go to www.insolvency.gov.uk it will tell you what you need to do.

in the interim, don't put up with any hassle from creditors. Write to them all offering token payments of 1 a month. Template letters are available on www.nationaldebtline.co.uk.

it seems bad because you are under such stress, but this is not a hopeless situation. Chin up!
DISCHARGED 12th December 2007

BSC Member #91

Proud to have dealt with my debts
backontheup is offline
Reply With Quote Report Post
The Following User Says Thank You to backontheup For This Useful Post: Show me >>
# 7
fermi
Old 18-09-2007, 9:06 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Apr 2007
Location: Planet Express
Posts: 32,449
Default

In that case their are plenty of other alternatives to start sorting this out.

Please contact on or more of the organisations I posted about earlier. They exist precisely to help people in your sort of situation, and they will be able to point you in the right direction. Probably doing as backontheup has just suggested.

Are you claiming everything you can? I've not got much idea with the benefit system, but www.entitledto.co.uk is suggested to lots of people here to check that you are not missing out on anything.

Might be worth posting on the DFW forum as well, with more details of your situation. The people on there are very good at helping sort these things out as well.

Believe me, there are always ways to get these things sorted.
I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards, Loans, and Benefits boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com | > New to Forum? Click for Guide <

Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
fermi is offline
Reply With Quote Report Post
# 8
NekoZombie
Old 18-09-2007, 3:29 PM
Serious MoneySaving Fan
 
Join Date: Feb 2007
Posts: 1,609
Default

Surely you could consider a dmp? You need to take professional advice - this level of debt is still very manageable. Please take heart from that.
BCSC Member 70
.
NekoZombie is offline
Reply With Quote Report Post
# 9
scaredwitless32
Old 18-09-2007, 3:44 PM
MoneySaving Stalwart
 
Join Date: Aug 2007
Posts: 405
Default

Go to www.cccs.co.uk and look for the 'debt remedy' tab along the top of the page, click and follow the instructions, input all your income and expenditure and at the end you will get an intruction manual , that will tell you your options, you will also be give a web number and dedicated telephone number so you can speak to one of the advisors, try it, its a very good and quick way to get an idea of which way to go, it also explains each method too!
scaredwitless32 is offline
Reply With Quote Report Post
Reply

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 1:58 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 23 April 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • VARIOUS ARTISTSNOW THAT'S WHAT I CALL MUSIC! 87
  • VARIOUS ARTISTSFROZEN (ORIGINAL MOTION PICTURE SOUNDTRACK)
  • VARIOUS ARTISTSEUPHORIC CLUBLAND 2

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.