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Advice from anyone please
Hello everyone, I'm strted a small company about 3 years back with a friend and we were making a small amount (not enough for me to quit my full time job) however, my friend / business partner wanted to take the business to the next level. I decided I didnt have the faith in the business to take out a business loan or to…
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I'm going to bite the bullet
and batten down the hatches.:rolleyes: I'm still waiting to hear if the MS society will grant me the bankruptcy court fees. also applied for a crisis loan - that was over a week ago, so their definition of crisis doesn't conform to a dictionary's! Anyway I have decided not to pay anyone now and to try to save the money…
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Is there any possibility of keeping a business bank account open?
If I could in anyway keep my business account open if I went BR,it's overdrawn at the minute?
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Hubbies had a statutory demand
Hi, My hubby was served with a statutory demand from an ex supplier 15 days ago. We have tried everything to get this stopped including offering a charge on our house or letting us sell the house so we can up our payments. They keep saying they will not accept this. We have been paying back a debt of £120K for 12 mths and…
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How to annoy the OR?
:rolleyes: If you work and your income varies from month to month - how soon would the OR get cheesed of with you for notifying them of the changes - each month my wages differ - i have yet to have the same wages two months running - so at the moment i have an IPA for Nil Tax code - obviously have to notify of any income…
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Please help!! Bankruptcy
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Well Thats It ED For Me
Well, after nearly 9 months of being BR, I have now been discharged I would just like to say a BIG thank you for all the help and advice the members of on this forum have given me. In short, I have had a fairly easy ride, I suppose my biggest challenge has been conditioning my mind that I don't need credit cards. This…
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BR Petition Wed 18th June 12:30, I&E
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tweeking my /br forms
:o Hi all, i'm still tweeking my BR forms, i wonder if anyone could help me with the following please: how much are you allowed for cigarettes (2 people), clothes for a family of 5, holiday family of 5 (3 adults 2 kids) pets (2 dogs, tropical fish 3 tanks, hamsters) . Any help would be apprieciated. Prue xx
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Whats the stance on this?
I have a friend that is looking at bankruptcy,he feels alot of his problems have been bought on by a drink problem,which is now under control,he's worried that this may be held against him if he goes for bankruptcy? Anyone know anything that may help?
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What is counted as income for BR?
Hi, I'm a newly single mum of 3, soon to be 4 and am intending to declare myself bankrupt. I did have an IVA but was failing miserably with the exes wage and now I'm on my own I don't have a hope in hells chance of keeping it up or the mortgage of 1k a month so I am moving into rented in the next couple of weeks. (I have…
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asset protection
I've recently got married, my wife and i own our home jointly. My long term plan (after house prices have bottomed) is to invest in a few BTLs, of course this will open the door to a lot of risks (as well as gains). What i'm trying to do is to pre plan a strategy of damage limitation in case anything goes badly wrong. is…
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Letter From OR
I'm so happy, got a letter today to say that I can keep my car, it's not going to be included. Great news at last
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How long should I wait for response from OR?
Dear all I posted a few weeks ago to say my old employer had paid me some holiday pay so last month I was quite a bit 'up' on what my earnings said on my I&E to the OR. I posted my payslips and a letter advising this months earnings were higher for 1 month old due to holiday pay. I sent this recorded delivery and it was…
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Toon Dave's Br Forms - Final Questions And Queries
Evening all. Just finalising my I&E and reviewing my paperwork and online forms making sure dotted the i's crossed the t's etc etc. i'm gonna have a couple of queries tonight if you can help. Firstly, Do i put Council tax arrears as secured or unsecured creditor? Do i list a Creditor with an active CCJ as secured or…
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Creditors can they dispute house valuations etc
As above,I'm pretty sure if I go Bankrupt one of my creditors will dispute the valuation of my property(they have done in the past???!!!??)even if I get it valued by a couple of agents.Do they have any rights with the OR to challenge bankruptcy?
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Advice Please
Hi all, This is a complicated one but i will try not to waffle - here goes. We are a big casualty of the credit crunch - expensive mortgage market and sliding house prices. In a nutshell my husband has approx £5.5 million in mortgage debt on 56 buy-to-let properties. The mortgages are going to get more & more expensive and…
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Question about houses and BI
I am seriously thinking of going bankrupt,but would desperatly like to keep my house.With the mortgage and secured loan on it there is probably little or no equity in the house.I know there is something calle a benificial interest,can someone explain in more depth how this works.Is one always granted,as my mother would…
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what does this mean?
hi all, I was declared bankrupt (in scotland) on the 6th of june and found this in the edinburgh gazette as part of my notice of bankruptcy. I went bankrupt under the new law, and low income low assetts route. does this quote mean that I am probably going to have nothing to pay out towards the bankruptcy please help if you…
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My I&E needs tweeking for BR some advice please
Hi Someone suggested I posted my Income and expenditure in a new thread as it needs tweaking for BR. I know about the tobacco allowance and the prescriptions. Any other things to add or remove would be greatly appreciated Income 1115.84 for both my partner and I (only me going BC) this is Incapacity benefit and Disability…
