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Questions About Rent & Bankruptcy
We are currently renting as we moved and are selling house down south. Is there a stipulation about how much is a reasonable amount of rent to pay? I mean will they say we should be downsizing? We are paying £895 - 3 kids under 8, cat and dog - is that reasonable? Will they notify private landlord if we go BR?
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stoopid car!!
right, got a letter through from the car finance company today ive got notice of termination as i'm bankrupt. action intended: on 30.03/2008 we intend to terminate the hiring, withdraw our consent to you being in possession of the goods and demand payment of the outstanding balance set out below since a b/r order has been…
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Advice needed
Hi have been an avid lurker for some time after deciding bankruptcy was only option I could really do with some advice on my tricky situation. my situation is that i owe approx £10000 to inland rev about £4000 to vat approx £5000 in other business related debt and approx £4000 in personal debt (credit cards etc). i am self…
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Df has done it =O)
He was at court at 9am this morning. He said Clerk went through his forms which were all fine, had to go in and see judge. They then put OR office on the phone who just told him they would be in contact in a few weeks if needed and thats that! DF says it still hasn't sunk it, but personally I am over the moon and so…
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What do we do first?
Hello again. Now we have been told BR our only option I am not sure what to do next. Our IVA man said we should write to him to say we intended to go bankrupt so the IVA will fail. DO we do that first? Our mortgage company is chasing us after 2 non payments so do we tell them what we are planning to do? My husband is due a…
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My I&E for inspection/comment please
Hi, at court tomorrow at 10 for BR hearing. Please could you look over my I&E and any comments/advice would be really appreciated. I am a single mum with a 13 year old daughter who has ADHD and receives Disability Living Allowance. Scarlett if you read this I haven't heard back from those people yet but will let you know…
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just at the start
hi everyone. well i am new to this so everyones stories and advice is more than welcome. i have been in debt for some years now and after facing up to them i visited this site. i then went to the cccs and started to feel the wieght lifting. having been in a dmp for 5 months and still struggling i am about to embark on…
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Just had the OR interview
I have just had my phone interview with the OR, lasted 1 hour 24 mins but only seemed like about 30 mins. The lady I spoke to was very thorough but also very understanding only asking questions about the debts and how they occured and NEVER spoke down to me or in any accusing way. My outgoing needs were accepted fully with…
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CRF problems
I've just got back my second file (callcredit and equifax so far) Something i've noticed on both of them (unless i'm missing something) is that one of my debts was to an electricity company ( it was for a previous address and i'd paid the bill in full, a year later they sent me a massive bill. The whole thing went into…
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OR interview today
OMG I feel sick, I have my interview today, thankfully by phone, at 2pm. I just don't feel prepared for it, I have gone through loads of posts but i am dreading it. I have got my sister to come over to sit with me through it and thankfully the kids will be at school. I'm wondering what he is gonna ask me as i have not sent…
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found this on credit file
hi all, i declared bankrupt on 20/3/2007 and discharged 20/11/2007 so thought i would clean up my file, i purchase both my crf from experian and equafax but in checking them all of my debts have been bought by max recover and all but to have been settled. my queston is there is on which states "max recovery (barclays) it…
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Proving my debts
I have been put in touch with a financial adviser who specialises in insolvency and he has advised that I write to all my creditors and get them to prove if I owe them the money. Has anyone got any experience of this and any advice?
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are ccj`s included in the bankruptcy?
Hi..... Does anyone know if ccj`s are included in the BR as i have 3 :eek: ?????
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student possibly entering bankruptcy!!!!!
Hi, i`m new My partner and i are both mature students at uni with a 5 month old baby. We have debts of 23k and have been struggling to pay £209 a month DMP thru cccs. There`s not a day that goes by that i don`t think about this dreaded debt, it`s ruining our life, i`m upset about it constantly and just feel that now is the…
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My Bankruptcy experience
Hi -I'm new and would just like to introduce myself, well 4 years ago I decided I could no longer take the stress of the debts I'd built up. I then knew I had to go bankrupt, I was advised by the CCCS as I was not working that it would be the best option. I remember the day clearly, having a coffee in a cafe near the…
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Desperate
Some advice please. I purchased a flat off plan 4 years ago and it has been nothing but trouble from the start. The property is now in negative equity. The mortgage is £160,000 and if I could sell I would only get maybe £130,000 and at the moment there is no tenant so no rent coming in. What do I do now, do I go bankrupt…
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Bk/sequestration and tax
Hi, Am self employed and paying a trust deed (was sequestrated because TD didnt become protected) When I do my year end accounts (April) do I tell my accountant of the above? Does it have an effect on my tax bill? Thanks very much
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IVA route or not?
Need some advice, my wife and I have the following debt: £75k Lloyds TSB unsecured £45k Northern Rock unsecured £15k Misc Credit cards Total £135k We dont own a property anymore, and we are on a DMP via CCCS paying £1100 a month, however I cant see the light at the end of the tunnel. Is an IVA the right route and how would…
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Query about a recieved cheque.
We have recieved a cheque from one of our debts that we paid off earlier before the br,we were wondering wether or not we have to tell our OR?
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Potentially have to declare myself Bankrupt
Due to a house sale falling thorugh due to mortgage offer probs, I am investigating the possibility I may have to declare myself bankrupt. I will have to pay the seller who has just this moment pulled out of the house sale contract £42 per day interest till the house sells, all legal fees, and the difference between my…
