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How to help a buddy
I have a friend in his 50`s who is sadly pretty niave when it comes to money. He is self employed and has lost his contract. He is now on another paying a fraction of what he was earning. After tax, he isn`t covering his mortgage! In desperation he has cashed in 2 very small pensions to release that 25% tax free bit to…
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Would the OR mind?
OK I've hit my first crisis since going BR, my vaccum cleaner has just died :eek: of course in times past it would have been straight out and let the credit card take the strain :rolleyes: but the new sensible and BR me is trying to figure out how to now get one. Of course all non essentials like clothes and hairdressing…
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me Again..Still unsure with this whole giving my keys back :(
my head is still in a mess i cannot decide what is the best thing to do. The rented acc i have seen is now of the market and mine.. ( subject to me handing over rent and bond in exchange of keys) thurs 31st July. then once im BR i persume im debt free and all i pay back is IPA or something like that... But if somehow i get…
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help needed please re-business account
Hi We were discharged from BR 2 months ago and we are trying to open up a business account so we can start a limited business with my husband doing engineering consultancy. We have a current account with co op that we have had since we were made BR and have today been declined a business account with them. Would really…
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Help! Im making myself bankrupt!
I'm making myself bankrupt next week and I'm panicking like crazy. To cut a long story short I entered into a DMP in 2004 and since I've kinda hidden pay rises from them so I could pay less and last year my husband left me whilst I was pregnant so I have taken more credit out and in the last 7 months I've got £5000 more of…
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Bankruptcy time line
Hi all Going down the bankruptcy route Can anyone advise on timing once things start rolling. We are moving into a rented property next weekend and won't have cash to petition until start of September. Forms are all complete and had an insolvency practitioner (friend of friend) check them over for us. Once we pay this to…
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Scottish Power Bankruptcy?
hi, hope some one can help me as i am thinking of joining scotish powers fixed price electric till 2009 but i wanted to know if i became bankrupt while on the fixed price product will they move me to the scottish power standard prices or will be be able to stay on my current fixed price tarrif till 2009 if my acct in in…
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Online Insolvency Register
Does anyone have the details for the Insolvency Register, I can normally find it ok by doing a quick search but the site I am trying is not loading up and I have been having problems for over a week. I must be trying the wrong one so if anyone can give me the website address i would be very grateful. Thanks in advance : )
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Baby steps toward bankruptcy
I'm going to go bankrupt the only problem is I can't afford it :confused: . I'm not eligible for the fees to be waived as far as I can tell. Being single, healthy and childless I'm entitled to sweet FA when it comes to most things. I am due back payment for my payrise from June but since the unions voted against it we have…
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Getting Sky TV
Hi Currently BR not due for discharge until March (hopefully earlier). Currently in a terrible deal for my phone & broadband, have phone with BT & b/band with Pipex. However, i have never been in arrears with these & always pay by monthly DD. These contracts are due to end soon & i have been looking at the Sky deal for…
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I know this is not about bc but it may soon be
Just asked on the benefits forum about what sort amount we would get on benefits ect. OMG:eek: All we will get is £95 BETWEEN US:eek: So here is my SOA:D per week INCOME £95 JSA OUTGOINGS Rent £20 Gas £5 Elect £5 Tv lic £3 Phone £7 Water £10 Car ins £5 Total outgoings £55 That leaves £40 a wk for…
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Highlanders Diary
Well it's been a while since I first posted, but here is the story so far.... NR Mortgage £125k NR Sec/L £40k Bank Loans £16k Loans £5.5k C/c1 £12k C/c2 £9k C/c3 £.5k Car HP £9k etc,etc.... Our N/R mortgage is due to expire OCt08 going up from 4.99 - 8.75% and from a combined income of @ £2700 per month we are down to…
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Paying for flights to declare bankruptcy
Hi everyone Got another question that will probably prove a stumper ;) but I like to check these things anyway. Here's the deal - I'm in Australia and will be travelling to the UK to declare myself bakrupt (see this thread for more detail). I know there's the possibility of getting third parties to assist with this but I…
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Can I go bankrupt in Scotland
I have had a chat with CCCS (I have around 65k of unsecured debt) and the two option they gave me were DMP (which would go on for 50 years!!) or a debt arrangement scheme, but they were a little hesitant about whether I would have enough to do this.....even this would go on for 10 years. I have a good income (over 30k)…
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frustrated tax credits overpayment pre bankruptcy
I am so frustrated with the tax credit people. They are insisting that I still owe them for a tax credit overpayment which finally made me go bankrupt because I felt that it was blatantly unfair what they were trying to do. There are two years when they are trying to retrieve money and both of them are before bankruptcy…
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Bankruptcy Fee + rules around credit BEFORE BR
Couple of Q's: 1. Did anyone use credit or a loan to go bankrupt? 2. Did anyone spend unneccessarily in the couple of months prior to BR? 3. Did the OR deem it "fraud" / did you get a delayed discharge because of it? I've read bits about if you get a loan that you know you cannot repay before going bankrupt, that they can…
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BR friendly insurance companies
Hi there Just got my contents insurance renewal through and thought i'd shop around a bit to see if I can get it cheaper anywhere else. Only thing is they don't seem to like us BRs much do they? Has anybody come across any nice BR friendly companies (or any that just don't bother asking)? Many thanks in advance
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second thoughts on bankruptcy please help
Hi all Tried to post a few mins ago, don't think it went on, I will try again. The last post was long, I will cut this one down. My wife posted on here last week and had really good advice, thought I would try also. We had decided to go bankrupt now not too sure, help please.WE read a post tonight and a women said she had…
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HMRC Statutory Demand
Just a quick question about statutory demands... If a statutory demand is issued for a certain amount of money (X), can the creditor then go for a bankruptcy order if X has been reduced between the stat demand and court date? I'm asking as my OH has been issued with a SD from HMRC. We're trying to get this set aside. They…
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Recieved Payment
Hi all, Just a quick question. The company I worked for went into liquidation earlier this month owing me almost five weeks pay. I have today recieved a payment from the OR dealing with the affairs of my ex company which comes from the National Insurance Fund. The amount I recieved was based on the statutory £330/week and…
