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beneficial interest - bankruptcy
beneficial interest - bankruptcy I am trying to find out the best way forward - my boyfriend has over £25K of debts, we have a flat, it was bought for £134K but I put down a deposit of £7K (although I said it was joint deposit) so our mortgage is for £127K. we are looking at various situations that may help and when…
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Advice on living with a bankrupt
My partner declared personal bankrupcy in September and is due to be discharged after a year. He is living in a rented house at the moment but we are talking about him moving in with me. can someone tell me if this will affect my credit rating at all? Its always been very good. I've been in my house foir years and have…
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Considering Bankruptcy - will OR tell employer?
Hi,My partner and I are both considering bankruptcy, but I'm not sure how this would affect my job. Im an Accounts Manager at a transport company, and have worked there for 10 and a half years now, small firm, and have worked myself up to this position. I dont hold any Accountancy certificates and Im not a member of any…
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After some advice please - How can I help?
Hi, I'm after some advice, I'm not being nosey but I am very concerned about my neighbour. I found out last week that Mr neighbour went bankrupt in March and was discharged in October, they are currently loading a self hire van up with their goods, and a notice has been placed in the window by whom I don't know informing…
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Not as painful as you imagine
Decided to catch the train to the hearing at Bradford this morning, the train station is just opposite the courts. The first and only hitch ,it doesn't help when you leave all the papers in the car that you have left in the local train station. Good job we set out early so if we encountered any problems we had time to deal…
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Buying a car when you're bankrupt/sequestrated
Can anyone clarify to me the rules about buying or acquiring new assets when you've already been made bankrupt/sequestrated? I'm only planning on spending about £500 on an old banger. Also, will I have problems getting insurance?
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Trust Deed Protected - now the onslaught begins..
As some of you may possibly remember, a little while back I applied for a Trust Deed. I live in Scotland, (although I'm from England), and up here in sunny Scotland the trust deed is much like an IVA, although in my opinion it's slightly better. Anyway, the Trust Deed became protected a few weeks ago much to my surprise. I…
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filling out form for br....
FONT='Times New Roman']In the last 2 years have you made any payment to a creditor, other than in the ordinary course of business, with a view to improving the position of that creditor in case you became subject to insolvency/bankruptcy proceedings?[/FONT can someone explain this as i have been paying creditors through a…
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A question for anyone who has done voluntary repossession?
Hi there I'm hoping someone can answer this.... We considering BR and will need to give up the house - our secured repayments are now way too high. When going down the Voluntary Repossession route, do they still tape up all the sinks/toilets and put a notice on the window? Reason for asking is many friends actually walk…
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help not sure what to do
i've join mse for help, i'm in dept up to my ears about 27k. thinking for going bankrupt, seems to be the only way, i'm with cccs and they are brill but thought of pay money of for a lot of years, seems impossible, i'm not sleeping well and getting upset. My boyfriend does't know anything about my dept he stays over quite…
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BR hearing at High Court this week - panic has set in
I posted some weeks ago about being made BR by the Inland Revenue, I can't find the thread now, would like to thank you all for your replies and advice back then. I went underground in deep depression knowing that I couldn't do anything about it and trying to face up to the reality of it happening. Well it happened, served…
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it's time to take first steps...very scared
hii'm fairly new to all of this but have been helped out on a couple of issues these last few weeks with my thanks. i have been trying to pay off debts of £30 k for 5 years now havent got anywhere, most from my marriage breakup 7 years ago of which oh has got away with as i was the soft touch who caved in with creditors. i…
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Had my OR meeting this morning
Hello everyone, I had my phone interview this morning and I have a couple of queries. They won't allow me to carry on paying back the money I owe my Mum and dad each month and the money I owe my GF for cash I've borrowed, is there anyway I can appeal against this? They wont allow me to pay half the costs on the car that's…
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nearly missed my hearing
My daughter rang me yesterday just for a chat, and in the conversation she said she was glad it was pay day tommorrow ( the 27 th) It 's not the 27th tomorrow I said it's thursday, thats when my bankruptsy hearing is ., No it's not she said it is tommorrow . went to grab the calendar and boy was I in a panic. Will I sleep…
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Couple of questions
My husband filed bankruptcy in April and just got his notice it has been discharged (yay!) We didn't get any information about this though, so will his tax code immediately go back to what it should be? His tax code went to the emergency tax code and we've been paying a solicitor appointed by the OR the "excess" tax,…
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Tax rebate question
Hi everyone I just have a quick question for you. I got a letter in the post this morning from the IR and they seem to think I am paying too much tax. They have sent me a form to fill in so that they can look into it. I have automatic discharge in 5 weeks so what happens if I get a rebate after that ? I know from past…
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Debtors Petition help filling in forms
These forms are hard work... I'm on section 3.1. how detailed do I need to be? for fixtures and fittings do I need to declare bookcases (2 cheap ikea ones) etc and where it asks about freehold and leasehold land does this mean apart from my own home or is my home excluded from this question? Very confusing and I'm looking…
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Selling vehicle prior to BR for fees?
Dear all We are currently considering bankruptcy and are contacting CCCS to get advice. One question that occurred to me whilst trying to get back to sleep at 5am this morning is - OH has a van worth about £4K which he uses for his job (self employed courier). If we were to sell it and buy one for £2K and use the £2K for…
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Has Bankruptcy Improved Your Sex Life?
Thank you for reading this Thread!:D It's not quite as daft a subject as might be imagined by those of a more "narrow minded persuasion".;) After spending many years trying to resolve some insurmountable debt problems I was amazed at the feeling of absolute relief when some misguided "bowel dweller" of a creditor…
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As Director of my own limited company
My personal situation as that in the new year I will have no income and am considering BR. My question is this: History: For the past year I have been working with through my own Limited Company, which I am the only director and shareholder. The company itself is not in any fianacial trouble, and it has no assests or…
