Bankruptcy & living with it

Discussion List

• Do I voluntary Surrendor My home?? Please help :(

  Hi all, Not posted for a little while, But I have been struggling on my Mortgage since October, Was going to go Bankrupt but trying to avoid it if possible. I do not want a respossesion on my credit file, Today whilst looking into renting I was told by there mortgage advisor that handing back the keys does not have as big…

• ok here goes new i and e thoughts please!!

  hi everyone i am just working through i and e for DH forms here is a revised one!! just thought i would add we are a family of four (2 adults and 2 children) INCOME 2185 (hubby wages 120 (family allowance) no wftc (as when he was self employed he was SUPPOSED to be earning good money, so never applied for it, not sure if…

• Family allowance, include in soa or not???

  hi everyone. i am confused whether or not i should be including family allowance in soa, conflicting statements:confused: It is my DH which will be going BR mid april and the only income we get is £2185 per month, then the Family allowance which arrives to me (wife) in the form of a girocheque. Any ideas;) thanks

• Bank account muddle!

  I have a small problem. My parents went bankrupt early this year and were told that their existing bank acc with the T.S.B would be frozen, However for the last month the bank THEMSELVES have been using the account for something (dunno what) and sending my parents statements of these transactions - IS THIS WRONG? Also this…

• OR covering Stoke on Trent Area

  I live in the area covered by the Stoke OR. Any readers had dealings? Is he OK or a rascal? Ta Bald Runner

• Car Values

  I seem to recall reading somewhere on this forum that you can keep your car up to a value of £2000. Ours is, according to Parker's worth £3000. We intend to argue to keep it for medical reasons. If they take it, do they allow you to buy a car?

• they wont be happy ......

  i have just about emptied my bank account and have scraped together enough money for my br on 31st of march and petrol for the month. hsbc will try to take there £303 on 1st of april and it wont be there ! if the OR sees i have done this and effectivly caused more debt , will he say anything ?

• Online Soa

  Hi everyone, i have decided on BR, just filling in my online SOA to get it started. i have a query regarding a question. 3.6In 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…

• confused about Bankruptcy

  Just reading through all these threads to get any idea of how to get a grip back on my life, but I'm now more confused than ever. I have been considering Bankruptcy, but from what I've been reading here if I declare bankruptcy everything we own will be taken and I'll STILL have to pay the creditors!? I thought the point…

• internet....

  i didnt list my £14.99 internet on my fom even though its on my bank statement as DD .. i will have enough surplas to cover it, can you see that being a problem to the OR ?

• Paypal /Ebay any ideas

  Hi all, i have a question? pre- BR i ran a website printing photo gift mugs, T-shirts, mouse mats etc and the OR has allowed a couple of bits of equipment so i can restart again. as i know bank accounts are restricted does anyone have any experience with paypal I used them for credit card payments for goods on my site,…

• Losing the House

  Hi, We are probably going to be going BR, & can't decide on the best course of action with our property. We have a 260k mortgage, & a 55k SL. The house is worth approx 300k (at a push) & there is a 10k redemption penalty if we sell too :eek: Can anyone please advise me of their experiences/opinions on our options? I guess…

• Advice needed soonest re I+E Please

  Friends, My IVA was rejected yesterday by Egg. They wanted a 100% return. I have booked an appointment at the County Court for my self and my wife to petition for Bankruptcy - 9th April. I have not told the IVA people yet, I told them i need time to think. The 'meeting' was adjourned until Tuesday. I am posting the I + E…

• IVA, DMP or BR ??? How do I decide the right move?

  :eek: :o Angels SOA - It goes on & on ...sorry Angelxxx

• I don't want it!!

  Evening All. I opened a llyods cash account a few months back as was going through the process of an IVA and was advised to, that never went through in the end (im self employed) but I have been using the lloyds account as my main one since then (i really loved getting a balance and seeing cr in front of the number instead…

• IPO, IPA whats the difference?

  Hi there Maybe a daft question, but whats the difference between a IPO and A IPA Thank you:confused:

• Can Pipex terminate contract when I go bankrupt?

  Hi, I remember Pipex asking if I have ever been bankrupt when signing up for Pipex so thought I'd better check their terms and conditions and just found this: 8 Termination 8.1 We may end this Contract immediately if: 8.1.7 You are declared bankrupt or enter into any agreement with Your creditors; and/or 8.1.8 We are…

• Electron Cards

  How many stores accept Electron? I called in at the Co-Op bank today and they said I could have an Electron card if I were to open an account with them after BR. Barclay's however, only offer a Cash Card. Is an Electron card worth having? Thanks

• what will happen?

  hello everyone im new here and need some advice.. a 2nd interview has been arranged by the OR requesting further explanations, i have rang them today as i have to go abroad urgently. They have advised me to phone them later to rearrange. What i need to know is if i dont come back to the UK or dont phone them what will…

• Cambridge County Court?

  Hi, everyone... I was wondering if anyone has used Cambridge court for their BR? I have looked on the website for it, but it doesn't specify whether or not you have to book in advance, or whether you just turn up on the day... Given the current status of my IVA - not paid since January, and now transferred to Grant…