Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • neilva4
    • By neilva4 17th Oct 16, 3:59 PM
    • 12Posts
    • 185Thanks
    neilva4
    Bankruptcy Help
    • #1
    • 17th Oct 16, 3:59 PM
    Bankruptcy Help 17th Oct 16 at 3:59 PM
    I hope someone can help me. I was made Bankrupt in February this year by HMRC for £82,000. I had a meeting with the receiver and i provided proof of all debts, and savings i had along with my bank statements etc and any assets which is only my car which is worth around £2500. Since then i have heard nothing from anyone, it has now been over 8 months and i have not heard a thing from anybody. I have also checked my credit file and it has the bankruptcy on there with a £0 balance. Hope someone can give me some advice. Many thanks, Neil.
Page 1
    • TheGardener
    • By TheGardener 17th Oct 16, 4:26 PM
    • 1,614 Posts
    • 1,406 Thanks
    TheGardener
    • #2
    • 17th Oct 16, 4:26 PM
    • #2
    • 17th Oct 16, 4:26 PM
    With the OR, the best policy is to speak when your are spoken to. They wont have forgotten you, just sit tight and if they need you - they'll call.
    • NotEvanAPot
    • By NotEvanAPot 18th Oct 16, 7:26 AM
    • 216 Posts
    • 122 Thanks
    NotEvanAPot
    • #3
    • 18th Oct 16, 7:26 AM
    • #3
    • 18th Oct 16, 7:26 AM
    TheGardener, as always, is spot on. Do not rock the boat. In 4 months you will be discharged and they can take no further action.

    Sit under the radar, even if it causes a few sleepless nights, it is better than the car and assets (disclosed, as you are required to) being taken away.

    On the car, who said it was worth £2,500? They depreciate quickly, so if you hear anything, just state it is necessary for travel to work and is now worth significantly less.
    • neilva4
    • By neilva4 18th Oct 16, 1:15 PM
    • 12 Posts
    • 185 Thanks
    neilva4
    • #4
    • 18th Oct 16, 1:15 PM
    • #4
    • 18th Oct 16, 1:15 PM
    Thank you for the advice. I was just getting concerned as when I first saw the OS he said it should take about 6 weeks but has now been 7 months and not heard a thing. This is all new to me so wasn't sure how it all works. As for the car, I'm only going by what others cars are selling for that are the same as mine so is a rough figure. What happens after the 12 months?
    • tigerfeet2006
    • By tigerfeet2006 19th Oct 16, 1:53 PM
    • 13,720 Posts
    • 29,794 Thanks
    tigerfeet2006
    • #5
    • 19th Oct 16, 1:53 PM
    • #5
    • 19th Oct 16, 1:53 PM
    You are discharged from bankruptcy and the OR can't do anything as he's lost the chance.
    BSCno.87
    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
    [/COLOR][/CENTER]
    • deannahupp369
    • By deannahupp369 19th Oct 16, 4:00 PM
    • 3 Posts
    • 0 Thanks
    deannahupp369
    • #6
    • 19th Oct 16, 4:00 PM
    • #6
    • 19th Oct 16, 4:00 PM
    Bankruptcy can help rid you of debt that would otherwise take years to clear. But it has serious implication for your future and should never be undertake lightly.
    • NotEvanAPot
    • By NotEvanAPot 19th Oct 16, 4:32 PM
    • 216 Posts
    • 122 Thanks
    NotEvanAPot
    • #7
    • 19th Oct 16, 4:32 PM
    • #7
    • 19th Oct 16, 4:32 PM
    Bankruptcy can help rid you of debt that would otherwise take years to clear. But it has serious implication for your future and should never be undertake lightly.
    Originally posted by deannahupp369
    Without coming across as rude (and regulars in this section will be aware I can be quite abrupt and direct...), this is a fairly specialised sub-forum, general commmentary does not really help any former, current or future bankrupts seeking support, advice or just to speak about their issues.

    By all means, if you have something positive to add, feel free to frequent, but the quoted post is unnecessary, inaccurate and (as a grammar Nazi) poorly written.
    • hollydays
    • By hollydays 19th Oct 16, 6:19 PM
    • 14,584 Posts
    • 10,377 Thanks
    hollydays
    • #8
    • 19th Oct 16, 6:19 PM
    • #8
    • 19th Oct 16, 6:19 PM
    She/ he seems to be spamming the Internet using google translate or similar to try to flog some kind of screening service/ phishing .Doubt very much she's in the USA.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,074Posts Today

7,796Users online

Martin's Twitter