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Very recently bankrupt - scared!!!
Hi everyone - this is my first post and you all sound so knowledgable and i really need a little reassurance if you dont mind??? I declared myself bankrupt on friday 28/8/08 after months of debate! I will be honest and say i was terrible with money and really believe i am better off not being able to get…
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newly bankrupt :-( still have questions?
New to the forum, find the site fantastic and full of usefull information. I unfortunately declared myself bankrupt on 2nd June 2008. Difficult decision, but had no choice and once made I actually felt like a giant weight had been lifted. Anyway, still have unanswered questions and actually finding the OR next to…
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Spoken to CCCS but still confused;
Long story so i'll try and keep this short.... May 08 my business went into liquidation and now as a result have substantial personal debt. Non secured. Total approx 75K :( i have already had a telephone interview with cccs but the lady was unable to advise me. The reason is because of my salary. Currently on a gaurenteed…
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SOA is this ok?
Hi am just finishing off our SOA if I post it up here can anyone tell me if it seems ok? We are a family of 5 our children are 10,5 and 3 we also have a dog. Our debts are roughly £155,000 (am not going to list all as will take me hours!)They are mainly to do with our businesses over the last 8 years,(we have been running…
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Effects on husband
Hoping to confirm a couple of things for sister: She and her husband own their home but the mortgage is in his name only as he bought it before they married. However she now pays some & they split the bills etc. However she is struggling with debt, most of which is in her name, which he doesn't know about. I have advised…
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Few questions, went BR on 4th July
It's been very hectic, so I haven't been on here in a while, but my BR went through on the 4th July, which has lifted a massive weight off my shoulders! I just had a few questions which I was wondering if anyone would be able to assist with... The OR said that my IPA would be 160 per month, but I haven't had any…
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Some advice please!
Right, I think I am going to be going bankrupt. I thought that maybe I should do a few thigns to get reay fro it. 1. I am still using my maiden name and married name, debts in both different names. We got married abroad and the reason I havent changed my name everywhere is that my marriage certificate is in spanish and I…
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Hypothetical Question Re Bankruptcy
Scenario Wife and husband sperate, apart 18months, no attempt at any legal speration or divorce been dealt with legally just seperation. Wife decides to petition for BR, most of the debts are joint with husband, if BR is given, does the OR then pass debts onto husband?? and they become his debts after wifes BR…
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Confused, Worried, the list goes on........!!
Hi all, been posting on here to try and get a clear head of whats going on in my life at the minute. I am definately going bankrupt but not yet decided when. Another credit card bill came today and hey presto its more than last month, things really now are starting to go from bad to worse. I am waiting for the calls…
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Advice Needed Please!
Could anyone help, me and my husband are £30k in debt with credit cards etc, we are currently going through debt management, but we are struggling to survive once our morgage is paid also. We have a child 4 years old, and i am pregnant, due in March. We currently own our own house , but when i go on maternitly leave we are…
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Skinty McFlinty's BR Diary - what happened next....
18 June 2008 I eventually got around to staring my debt in the face and had my telephone appointment with CCCS (it took 2 weeks from making the initial call). I was on the telephone to a counsellor for an hour and half, discussing my whole situation. And, after a few sleepness nights mulling things over, it was clear what…
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Some BR advice please..
Bascially my OH has been out of work for 2 months now although he is looking for work furiously every day. We have only my income to live on now and we can't pay our debts let only just day to day living costs anymore. My wages are only £1080 per month and our main expenses are: Rent £850 pm Bills (council tax/phone) £90…
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Is bankruptcy right for me?
Hi, I'm after some friendly advice.... I have debts of approx 14k Approx £8200 on Credit Cards (Citi / BarclayCard / Abbey) all at fairly high interest rates. Approx £3300 Overdraft Approx £2500 rent arrears I have no assets, as I live in rented accomodation, and have a company car. I am on an ok salary, but live in London…
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struggling with choices,(bankruptcy)
hi all, sorry is this has been posted before, but i searched and couldnt find anything on here about my questions, so here goes!: ive been struggling with money since being made redunandant and having to take a lower paid job, i finally relented on the advice of my ex wife (who im still friendly with) and contact the CCCS…
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Court order for repossession by secure lender
Hello there, Hope everyone had a great time at the meet. I hope to make it to the next one. Myself and my husband are both bankrupt (Feb 6 08) and we are still living in our house and waiting for the mortgage company to repossess it. We have received a court summons from the secured lender for a repossession order and we…
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confused again....
I have been looking for all posts to do with SOAs and have ended up confusing myself again!I know we have to fill the one in to take to the court this week but will there then be another one to do afterwards regarding our outgoings? Or do we have to squeeze everything onto this one? We are a family of 5 with a dog,Also if…
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When to go bankrupt?
Should my friend declare herself bankrupt now or wait? She has debts she cannot pay, her ex-husband has far more debts which he cannot pay. They have been unable to come to a financial settlement. Should she declare herself bankrupt now? If she does, what will happen if and when a financial settlement is reached with her…
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Please could you have a look at my SOA
Hi all, I have put up our I & E, please could you have a look at it for me to check ive included everything that is allowed & not included things that are disallowed. Income: My wages 0 OH wages 1744 CTC 456 CB 277 Total: 2477 Expenditure: Rent 900 Food 700 Gas 50 Electric 80 Water 35 Council Tax 180 Contents insurance 15…
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We both need to go bankrupt
Hi this is my first time on here, so I hope I'm doing this right, I don't know if my question will end up in the right place!# My husband and I have debts of around £100,000, all credit cards and loans which companies couldn't wait to offer us around five years ago! Last year we realised that we were just working to pay…
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should I leave money in account?
Its the last week of our business trading before my OH declares bankruptcy and it will have made us some money in this last week (its a pub) Do we need to bank all this and just leave it in the bank account or are we best to just keep the money for ourselves?He is planning to go to the court wednesday but we usually pay…
