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    • Jojopa123
    • By Jojopa123 17th Oct 16, 9:09 AM
    • 25Posts
    • 1Thanks
    • #1
    • 17th Oct 16, 9:09 AM
    Bankruptcy 17th Oct 16 at 9:09 AM

    Im startjng my bankruptcy today i have to pay in installments. I dont have money to pay all up front what happens if this takes me 4 months do i stop.paying my creditors and just tell them?

    Also i have a 60 a month phine contract will or ahould i stop paying that or will the official receiver let me leeo that

Page 1
    • NotEvanAPot
    • By NotEvanAPot 17th Oct 16, 9:21 AM
    • 119 Posts
    • 64 Thanks
    • #2
    • 17th Oct 16, 9:21 AM
    • #2
    • 17th Oct 16, 9:21 AM
    You are not bankrupt until you have received your order.

    The OR will not penalise you unduly if you spend on BR fees what you would have paid creditors to get the ball rolling sooner.

    DO NOT however tell your creditors that you are applying to make yourself bankrupt. If it did take a couple of months, you could spend that time fending off bailiffs and HCEOs at your door depending on the debts.

    As for mobile, pay it, the OR won't make you give it up if it is necessary and not excessive. This presumably is partly paying for a handset? If you wish to keep it, you need to keep paying for it or the phone company will want it back.
    • Jojopa123
    • By Jojopa123 17th Oct 16, 10:17 AM
    • 25 Posts
    • 1 Thanks
    • #3
    • 17th Oct 16, 10:17 AM
    • #3
    • 17th Oct 16, 10:17 AM
    Hi yes

    That is part of the handset ans i took it out over 5 minths ago. I will im paying 100 today im just strugglinf as im now only receiving maternity pay statutory and 80 a month child benefit. Its so scray but i think keep thinking about it does help. I have a good hubby who im.not financially linked too all debts in my name so least cant touch him. Im aware when i go back tk work they may make me do an ipa in may next yr. So do you have any advice on what to say to creditors im scared rhey slap a ccj on me x thanks
    • tigerfeet2006
    • By tigerfeet2006 17th Oct 16, 8:36 PM
    • 13,698 Posts
    • 29,774 Thanks
    • #4
    • 17th Oct 16, 8:36 PM
    • #4
    • 17th Oct 16, 8:36 PM
    You just say to them that you are taking advice from which ever debt agency you are taking BR advice from and some one will be in touch shortly.
    The only stupid question is an unasked one
    I now live in a country that is 4 hours ahead of the UK so you may now find I post at weird times
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