Bankruptcy & living with it

Discussion List

• Bankrupt today!! Not sunk in yet, i'm confused

  Hi all, Only discovered this site last night and was a little late as was made bankrupt this morning :-( I'm a bit confused as to what happens now. When do things start to happen? I had a telephone conversation with the OR and they told me they would send an appointment in the post. They took my bank details and said my…

• Lease Car

  Hi My hubby has a lease car through work,On the paper work it states you must not become insolvent:eek: Which we have:rolleyes: Will we loose the car? We pay £126 per month straight out of his wages. Will the OR force this or will the company we have it through his work? Got interview with OR this afternoon:o Would not…

• Date arranged for BR - and petrified

  Hello all, finally have my date arranged for BR next Tues 1st April.I have been reading all the posts on here today for over an hour and they help so much.Have to take my forms to the court tomorrow. Then fee and date next week.I am absolutely petrified, worried they will "turn me down" although CCCS didnt seem to think…

• Anyone have experience of BR & how it effects personal debts?

  Hi there, I posted last week and a few people replied, thank you very much for that it helped knowing that I am not alone in the BR world! I wondered if anyone had experience of how BR effects personal debts, I have owed my father a substantial amount of money which he is writing off due to my soon to be BR.. but I heard…

• Guess no ipo for me then?

  Thinks thats what its called? When i was planning to go br as we had no other way out i was working and the pay wasnt bad at all,but low and behold the firm i worked for has gone br :eek: So no income for me apart from job seekers allowance :o With my wife bringing home £680 per month is it likely ill get a ipo with us…

• Very scared

  HI, Can i just say that ive been reading post for about 20mins and i think its great that all of you are helping other people out. I'm allready alittle bit more reassured. Basically my situation is im around 20grand in debt (because of stupid loans which i dont think you should be able to get at 18). I'm 21, i have spoke…

• Self employed question

  Oh No its me again sorry!! My OH is self employed and is going BR same day as me FRI :eek: His debts are nothing to do with his self employment, however he does have one 'business debt' - should he include this or would it be easier to keep the BR for personal debt and just pay the business debt (it is small - under £100)?…

• Credit cards - what was the debt for?

  Hello me again :o I'm listing my unsecured creditos on the forms - some of them are credit cards, so under 'What was the debt for?' - what do I put? I've put general essential living expenses on two but is this ok? What did anyone else put? Thanks in advance. Mc x

• Fees again!!

  Ok I still havn't got a great deal saved towards these £500 fees that I need. I now owe the council £175 from last years council tax, I have heard that as its last years I can include this in my bankruptcy. Is that right??? Good news is I finally have offical custody of my 3 year old son, although I have been paying for…

• OR form advise please

  I have my OR interview next Monday (EEEEEK!!!!). I am filling the forms in now to post today. Re: the inland revenue form, I work for a sole trader but our accounts/payroll are dealt with by the accountants. Should I put the accountants address here? I really don't want this form going to my boss.

• Forms question re: Assets

  Morning! Well all the 'easy' bits on the forms are completed, so now for the tricky ones :eek: Under 'assets' it lists stocks, shares and investments - well my company 'give' us a small amount of shares each year, so I have a 300 shares which are not available for me to cash until July/August so at the moment they have no…

• OR Interview Today

  Morning All, Got my OR interview today at 2pm:eek: hubby's at 3pm. I'm dreading it......can't think straight:o I've made a few notes,hubby's wage is about to decrease by about £400 so hoping not to get a IPA.(will they believe us or will they need proof?) Worried about getting a BRU/BRO,not been gambling or anything like…

• what happens after discharge?

  well i cant believe its a year since I first came here and looking forward now to our automatic discharge date of 11 may 2008.:beer: What happens once discharge? How long is it on our credit file? How long before we can get another mortgage (cant believe im asking that question, but our rent is very high) any advice…

• CCCS budget different to formal SOA

  Hi, When filling in my budget with CCCS they would only allow me to put a maximum for certain things (ie £55 clothes; £35 emergencies etc) even when I wanted to put a bit more. Even when I put in their maximum which is less than I spend/budget for on certain things, they recommended bankruptcy. Also they don't allow you to…

• IPA - How long to set up

  Hi All, Roughly how long after the first contact with the OR does it take to commence the IPA? My court date is not until April 9th so i presume the OR will be in touch shortly afterwards I can retire in less than three years so a three year IPA may mean me working for a few extra months, as long as it starts pretty…

• Will They Make Me Bankrupt? - Advice Needed

  Hello all, I am new to this thread, and would like to ask some advice. I have unsecured debts of approx £40,000 payable between myself and my husband to 8 creditors. The largest debt is £21000 to a bank. This was taken out as an unsecured loan against our old home. We currently have a debt management plan with CCCS in…

• really really really scared

  Hi there, DH will be going bankrupt in pretty soon with massive debts that we cannot pay (70k) Myself as his wife stays at home and looks after our 2 sons Please dont criticise me for what i am about to say, i resorted to selling concert tickets on ebay to help bring money into our home, whilst doing this we were still…

• really really really scared

  Hi there, DH will be going bankrupt in pretty soon with massive debts that we cannot pay (70k) Myself as his wife stays at home and looks after our 2 sons Please dont criticise me for what i am about to say, i resorted to selling concert tickets on ebay to help bring money into our home, whilst doing this we were still…

• Worried sick - advice required re BRO

  I have been reading the info on BRO's and this phrase is in the text "But a bankruptcy restrictions order may be made against you if your conduct has been dishonest or you have been in some way to blame for your bankruptcy" Does that not apply to most BR's. We borrowed too much or is it just me? In my case the overtime…

• Early Discharge

  Hi all. heard from my receiver early january regarding early discharge. filled in forms etc. still heard nothing back from him and no change on insolvency site. any ideas when i will hear something?:confused: