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SOA for family of 5, please can you have a look!!
Would be really grateful if someone could look over this for me particularly with regard to what expenditure amounts the OR is likely to allow. It's based on a family of 5, 3 children aged 13, 9 & 9, one dog and one cat. My income £2350 O/H income £800 Child Tax Credit £42 (OR will exclude £150 child benefit??) Total…
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ok here we go, what do people think?
hi well we are alan and sarah, we initially put a post in the debtfreewannabe forum http://forums.moneysavingexpert.com/...ht=confusedone that is the link for the previous great advice etc. anyway, i think we are going to go down the BR route, this was what was advised by CCCS. just set up a bank account for our wages to…
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It looks like bancruptcy for us
hi all, I've been advised on another forum to post on this site, so just a brief history of a rather long and complicated story. My OH and I entered into an IVA May 2007 with business debts, the monthly repaments were set higher than we were originally told this was because the creditors would only agree to a higher…
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If you go bankrupt do you lose your house?
May seem like a ridiculous question I know... but I honestly have no idea what bankruptcy involves! Got a lot of things going thru my head at the mo ... OH has been made redundant and is struggling to get a job (in the engineering industry) we bought our first house in March a mortgage with a loan attached to consolidate…
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Book Keeping & Accountancy Can I do it?
Hi, This is my second post here, at present my oh & I are just waiting for the docs to claim our court fees etc. After I have declared myself br, I was looking at enrolling in a book keeping & accountancy course starting in Sept. Does anyone know if I will be able to do this as a line of work after I'm declared br? I know…
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Savings & Bankruptcy
Hi. A quick question that was sparked by something I saw here. At any point DURING BR or AFTER or at the stage of EARLY RELEASE (or whatever it is called) Can the OR seize any money that you have managed to save? It already looks like I might be paying back the amount I was already paying anyway but I don't want at the end…
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Stay of Advertisement?
Hi all, We (hubbyand I) intend to go BR on around 11th Sept and are planning to apply for a Stay of Advertisement (where judge agrees for some or all details to be witheld from the paper etc). Does anyone have experience of this having been granted? There is a specific reason for us requesting this, but for various reasons…
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Going Bankrupt at Newcastle
Hi After many weeks of reading posts on this forum I have finally plucked up the courage to post myself.:o I am booked at Newcastle Court for sept 4th and am now in a state of panic,does anyone have any experiences of going BR at Newcastle?What can I expect etc? I know I will have loads of other questions during the…
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The End!
Hello I just wanted to finish my story of BR and let you all know i had my call from the OR and i do not have to pay an IPA/IPO, they dont even want to see any bank statements or any paper work! I think i have been very lucky and just want to say good luck and thank you to you all for your support. best wishes and it…
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hello..help please
hello all..ive been viewing frm a distance as i raise the funds to go bankrupt following advice from cccs.... i applied for transfer of equity on my property as my ex partner left in september 2007..this has been refused as my earnings have gone much lower than previous..this still leaves my exs name on the mortgage for…
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thinking of bankruptcy
hi, can anyone give me some advice. im thinking of going bankrupt, heres my situation.... i was self employed for 2 years, ceased self employment in feb 2008, havent worked since then due to personal reasons. i have around 15k of unsecured debt of which i am paying through a DMP. i have unpaid tax of 2k of which i have…
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Can I go bankrupt? SOA ADDED
Hi, I'm in a bit of a mess so thought I'd post for some help. Basically I owe in the region of £30,000. I'm married but we are having some problems mostly associated with the amount of debt we have, all of it is in my name. We are currently renting and I am keeping up with the repayments but my husband isnt working at the…
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To the group
Hello I'm just starting out on my journey through BR. I have been to CAB and they have filled out all the forms for me, which was very helpfull. My mood has plumitted to an almighty low and I am off work sick in the event try and sort it all out. So far I have a court date of the 6th October which I have put back from the…
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Decided to go bankrupt, really scared!
Me & OH have decided that br is our only option. We have various debt's both secure & unsecured aswell as a mortgage with the worst company ever - Capstone. Hopefully today i will speak to cccs, need to put credit on my phone as house phone has been cut off, in coming only. We have a fixed mortgage which is due to end 1st…
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My paperwork
Hey will its less than a week since i first spoke to CCCS and i made the decision that BR was the way forward i got the forms completed mostly barring a few questions which i will do nearer the time. Wasnt as hard as i thought the hardest bit my reason way i got into the situation if i post the answer could you good people…
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Hi all
Hi-we were declared bankrupt today-BUT i didn't put down 3 mobile phone-purely because of stress etc etc. Do i just tell the OR when we speak that basically i'm a pratt and forgot one creditor-sorry all, but thanks
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When do we tell the OR??
As a lot of you are aware Toon_Dave and I met up a few months ago and have been a couple ever since :D I have been discharged since March of this year however as Dave went BR in June he is still bankrupt. He had his OR interview by telephone on 27th June and although he was told that he would receive an IPA and Nil tax…
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Before I start!?!?
I phoned up my local court house today to ask for forms needed to [apply?] for bankruptcy - It felt like a HUGE step to make, as tthough I was finally admitting to myself that this is how its got to be. I'm a little unsure how OR will see the following when my bankruptcy petition/appication gets underway. a) Hubby has been…
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A word of caution if you have rental properties
Hi all, Just thought I would share with you what has happened to me at one of the properties I rent out. The regulars on here will know I went BR in June and have 2 rental properties. It's a good job I am very friendly with one of my tenants as one of the things I didn't think would happen is that the land registry would…
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banking question
I owe money to all 3 banks recommended for bankruptcy. My partner is also going bankrupt, but doesn't owe money to co-op like me and so has just opened a cashminder account as recommended by you guys. If I have my benefits paid into his co-op account, as I owe money to Co-op will this money be taken from his account?…
