Bankruptcy & living with it

Discussion List

• Unbelievable Creditor Response

  My IVA proposal was effectively rejected today by one creditor – Egg. They want 100% of the debt repaid with the IVA fees on top! I owe in total £79000 (to many creditors). Egg want want £1240 paid over 42 months with a £35000 lump sum at the end (I retire and get my pension) This equates to £87000. Is that legal? I am…

• Sheffield Court

  Haven't booked a slot yet but I've got to go to Sheffield. Has anyone been there? Good or Bad stories please

• Help with letter template

  We're getting a lot of hassle from MBNA (I understand they just want there money). My partner has had 8 - 10 conversations with them over the last month, where he normally ends by putting the phone down as the conversations go round and round in circles. Also getting 2 - 3 letters a week, as he doesn't answer the phone to…

• OR letter- bit confused

  Hi, Just a quick question - I got my pack through from the OR today and all the forms/envelope etc. My interview is on 4th April- its says telephone and the guy I spoke to Tuesday said it would be a telephone interview. However, in the pack there is a map showing me where OR office is and a bit of paper telling where to go…

• Soon to be failed IVA & more debts obtained since - but terrified of bankruptcy!

  I was hoping someone out there may have some advice or even just reassurance about bankruptcy proceedings.. I have always seemed to have a problem with managaing my money, the more I earn the more I spend and through numerous loans, credit cards, store cards, family loans & catalogues over the years I have racked up a…

• Soon to be failed IVA & more accumilated debts since - but terrified of bankruptcy!

  I was hoping someone out there may have some advice or even just reassurance about bankruptcy proceedings.. I have always seemed to have a problem with managaing my money, the more I earn the more I spend and through numerous loans, credit cards, store cards, family loans & catalogues over the years I have racked up a…

• Got my new tenancy agreement today!

  Well, I got my new house.(with help from guarantor) Got a copy of the tenancy agreement today to look at and Im so relieved that is has nothing in it about informing the LL if I go BR!! Fingers crossed for a nice OR! We move in 7th April (lucky 7 I hope!) so can start getting new phone line and utilities and other stuff…

• Car finance recommendations, Discharged Bankrupt Plz ?

  Hi everyone, My car is on its last leg and I need to buy a new one. Does anyone know of any companies that give finance to a discharged Bankrupt without having high APR's? How can I find out from a finance company whether it's worth proceeding with an application before giving details. I.e. how can i find out what criteria…

• OR call received today

  Hello, I posted a message here a few days ago as I was getting really worried about imminent OR phone call today, and everyone here just told me to be open and honest. I had spent hours preparing for this call, and had done a 5 year chart to have in front of me showing where I had lived, who I was working for, the debts I…

• Wow, ORs are actually human...

  Had my OR interview today! My call was at 11am, and I have to say I was absolutely terrified, far more worried than when I was waiting for my bankruptcy date! However the OR was really nice, non-judgemental and kept reassuring me not to feel like I was being interrogated by the KGB, that it was all part of the process! He…

• Question about a IPO

  Hi there Just a quick question, I have had my OR telephone interview and am at present not working, if i start work will i automaticly get a IPO and is this then based on what i have left after I've paid everything, also will my OH's wages be taken into consideration.:confused: many thanks guys

• Don't think I can cope any more

  I applied for a Co-op cashminder account last Wednesday, BR on Thursday. I have just recieved a letter to say they can't open the account for me. Please, please can someone give me some advice. I don't think I can cope with all these problems. Gambit

• Proof of Income?

  Hi all, Just had a question on what documents the OR will ask for. I run my own Kleeneze Business(delivering catalogues) from home so its hard for me to show a proof of income as I just earn a commision on the orders I get, this can vary alot! All I have is my order forms from customers, will the OR need to see them? also…

• Being freelance and the OR interview

  My date for bankruptcy is 28 April, not soon enough for me...However I am concerned about how the OR or IP (whoever it is) who interviews me after my court hearing will react to the fact that I want to go freelance again. At present I am not working and have just applied for Jobseekers allowance. I am also applying for…

• Been very stupid - will I go to jail?

  I'm a young mum, recently been left by her husband (October 07) and am horribly frighteningly in debt. I am depressed and on medication. Over the past few months, I have fallen behind in my repayments to credits cards and also my mortgage (after my husband left and refused to pay). I've been hiding from everyone. Not…

• Just Made My Court Appointment - A Few Questions

  I've finally made my appointment to petition for bankruptcy (April 29th) and already feel like part of the weight has lifted off my shoulders, but still have a few questions. 1) I know most people go and open their new bank accounts after the court appearance, but do I have to wait or could I do it now? I was thinking…

• Can i keep my computer

  I have just read in an earlier thread that the OR is taking somebody's computer. It was from a business. I have an Apple mac bought last year (£700) which is for personal use - photography. Am i likely to lose it? Thanks

• now my DD's are cancelled..

  i will start getting the phone calls . so if i said HSBC , CAHOOT CITI MINT and BLACKHORSE are my creditors .. anyone know who are the real mytherers out of this lot ?

• Wifes has concerns over OR interview

  My wife who must go BR with me has long term medical issues including Bi-Polar disorder, agoraphobia and others! She finds it difficult to speak to people she does not know and under pressure cannot speak at all. She is making herself ill at the thought of the OR telephone call if we get to that stage. Are they Ogres? Or…

• IPA query

  I earn a reasonable amount and expect to have to pay an IPA/IPO for three years. However, I could if I wished retire in less than three years and at that time I will receive a pension. Would the OR allow me to pay a 'full and final' payment after 2 1/2 years do you think? Additionally, we really need to keep our current…