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Bankruptcy advice
Hi Been in contact with citizens advice and looks like 1 of my options is bankruptcy, going down that route is viable but i'm a home owner with a mortgage so was wondering what actually happens once you have signed the papers and left the courts?, are you given chance to move out? if so how long do they give you?…
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Ipoq
Hi I received a letter yesterday, regarding poss early discharge and an IPOQ form. This is going to sound a bit thick but Im a bit unsure as to how to fill the incomings/outgoings bit in. There are 2 of us in the household and we split the mortgage/bills etc. Im fine with part 3 - incomings - and was just going to put my…
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Revised SOA - any advice gratefully received
Hi everyone I posted this revised SOA at the end of my last post but in case it gets overlooked, here it is as a separate post. I have added some notes where I can, I hope this makes sense, and I have also added in the monthly cost of our unsecured loan. Just to highlight a couple of points that I made previously: My…
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My first SOA - Appreciate advice :)
Hi, I will be contacting one of the debt charities shortly to discuss my situation and whether bankruptcy is the best option for me. in preparation i have had a go at completing a SOA. something i have never done before - probably a reason why i'm in such a mess! i've cut and paste it here (hope it comes out ok?) i'd…
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Its all done! thank you for your help
Its all done, I am not officially bankrupt. dont know anout anyone else, but I dont really feel anything, guess it hasnt sunk in. Got to the court at 8.30 when it opened. The receptionist/administrator checked my forms and took my money. I then went into the waiting room where she took them to get further looked at, there…
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OR / Trustees / IP - confused
I know from these boards that most recommend not bothering with an IP. However in my situation I have a partnership business which is fairly valuable and if handled correctly could be sold. What I am wondering is if I use an IP will the OR appoint him as the trustee automatically or can I request that he be used. Or will…
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update stickies re p/o accounts and benefits?
Hi, hope i'm not being presumptious but. keep seeing suggestions for post office account to get benefits paid in etc. BUT you cannot pay housing benefit into a post office account. they pay either directly into a BANK account, by cheque if you ask them that can ONLY be paid into a bank account of your own name, or directly…
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Leaving house and renting - timing?
We have equity in our jointly owned house and so the BI will go to the OR. Either I can pull together 6 months rent now before BR and we move straight into a rented place or we stick it out until the OR forces us to move which I understand will probably be about a year after BR (we have 2 children). The problem with the…
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Gambling
I am wandering if you need to declare if you have gambled at all in the lead up to bankruptcy, by gambling I mean buying the odd lottery ticket or visiting the arcades while on holiday. I have not gambled on the internet and I don't bet on the horses and things like that. I have brought the odd lottery ticket and played on…
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Section 1.11 & 1.12 of SOA
I am a little confused what boxes to tick. I got divorced 4 1/2 years ago and I am married to my current partner. Do I took both the married box and divorced box? I don't know what to put in the court section of the divorce proceedings as I never went to court, it was delt with by the solicitor as my ex lived over seas.…
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OR Interview on Friday - what info do i need?
Hello all again. i have my OR interview this friday. by telephone. was told i would be sent a request for some information such as credit card and bank a/c statements etc - to show where the money went. I know you will think i am a twit but i threw away (honestly) all statements of old banks and credit cards some time ago…
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BR tomorrow 11am
Checked over my forms again last night and on the bit about bank accounts I have added the Abbey (also a creditor) old account. Plus my new Co Op account and marked this as the account my benefits go into. I did not have 2 boxes left so I added these below but under right colum. On my statement I explain left husband 2001…
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Last minute SOA - please check!
not that im panicing about my BR tomorrow but... Please can you check the figures. these are how they are laid out on the forms: rent - 700 Housekeeping - 470 gas/elec- 80 water - 35 Telephone - 30 travel - 120 clothing- 120 council tax - 108 other (home insurance/car costs ) - 41 dentist/pres/opt - 30 Mobile - 20 tv…
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Credit Scoring: Equifax vs Experian
Hello people, My first ever post here but before I continue I'd just like to say 'Hi' to everyone. Anyway, I went BR in 2005 and got discharged a year later. I am now trying to rebuild my credit rating by opening one of those sub-prime credit cards.. I had a look at my credit report by both Equifax and Experian and whereas…
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Panicking that we might be turned down for BR
We had our telephone interview with CCCS last week. As I'm sure you will all understand, it was quite a harrowing call and I probably missed a lot of detail. I'm panicking now though that they might turn us down for BR :( When they did our figures, the woman I spoke to said that we could pay our debts off in X number of…
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Section 3 of SOA
Yes us again and people have helped us tonight but cos we're thick still don't understand. Do we have to list the car-on HP in section 3 as an asset as it asks in that (3) section on form motor vehicle (14). We have listed the car as an asset in 3.7 but we aren't clear about the first section as we are being told differing…
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Cars yet again
Hello, good evening and welcome!!!! Bankruptcy dates booked for August 26th. Is our car an asset although it's on HP??? There is a clause in car paperwork about bankruptcy-does it mean it will go? Sorry yet again all............
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date incurred?
Is that the date the credit started or when it was last paid? Thank you for your help.
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Survived OR meeting but !!!!
:mad: Hi guys My OR interveiw on monday went really well, my car wasnt an issue on HP and we may get to keep the house subject to a valuation. My interview lasted 29 mins, they said i would have to wait for a figure for my monthly payment if there was going to be one at all? So just as i thought everything was going to be…
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Help
Hi all. We are petitioning for bankruptcy at the end of August. SOAs are virtually filled in-courtesy of the debt counsellor who has been helping us. However on our form we have our car listed as an asset even though it's on HP, and we only signed for the car in March. Can anyone please advise us whether this is the…
