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Rise in income and rise in outgoings
Hi all, Just a quick question from me. My wage is due to go up at the end of september by about £100 a month however since I had to hand my lovely lease hire car back, I'm finding my current car more expensive to insure and to run. (It's only a 1.2 engine but my previous car was a group 1 and a 1.0 litre hybrid.) My petrol…
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Do i stop paying now?
Hi, Was getting out of debt quite well until thursday when my meeting with HMRC decided that whilst i cannot prove all my outgoings i would be liable for tax(my fault my records i suppose just thought being upfront and honest would help, stupid me!) and have hit me with what can only be discribed as a ridiculous bill, and…
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Crisis
Without going into too much detail, our forthcoming bankruptcy has a lot to do with a certain person-who we have helped and IT was going to fund the bankruptcy payments. At this moment in time IT hasn't got the funds and our court date is Tuesday. Can anyone advise the grounds for which a bankruptcy may be postponed? I…
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Panicking about tenancy agreement!
Hi all, This is my first post here although I've been reading for a while. We moved into our rented place last weekend and we have not yet been declared BR. When we found the property we're now living in, we phoned the lettings agency anonymously to ask if there was a clause in the tenancy agreement about BR and were told…
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If I went bankrupt could they...
I am considering bankruptcy and have an appointment with the CAB soon. I am worried that they would take my daughter's laptop as she uses it for school work, does anyone know whether they would consider this an 'asset'? (It only has a value of £350 new and its a year old) If anyone could help Id appreicate it.
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There is a Bankruptcy clause in my tenancy agreement...
Hi everyone Although we told the agent we were going to go BR they have still issued us with a standard assured shorthold tenancy agreement which has the following clause; A court may order you to leave the property before the end of the contact if any of the following happen; You become bankrupt, your belongings are…
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Help please
I think i have fianlly decided that BR is the best option althougth like everyone i have a few concerns should i quit paying my mortgage to enable me to get thee fees together is that ok to do also i have not a bad income to be fair but alot of it is made up of overtime would this be taken into account if the OR required…
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Would An IVA be betterthan BR???
Ok its the OHs turn to sort out his debt and boy will I need to pick your brains so here goes. Brief outline Hes employed in a good job earning £30k gross £23k net His debts all unsecured come to £45K:eek: :eek: :eek: :eek: mainly due to ex wife. Hes talking to CCCS re an IVA but Im thinking BR with an IPO might be…
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Bankrupt recieving inheritance
Hi, myself and wife are going bankrupt in the near future, once we have ironed out a few issues etc. ie moving into rented accomidation etc. however, we have an old relative that we are in the will of should she die, what is the situation for a BR if she dies? eg. if she dies in year 1 whilst BR if she dies when discharged…
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Contact with OR
Hi, I went BR a week ago and since then have only had a very short telephone call from the OR office to check some minor information, apart from that nothing, no more calls, messages or letters. Is this normal, how long does it usally take for them to request paperwork and set the interview date? I hope its soon, I seem to…
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just for fun
hi all, i have been wondering for ages now just how many people in the uk have been declared BR in the last 5 years, just really wondered. as i bet its more than most ppl think, and when you think about it all those ppl who have, will all be struggling to regain a good credit file and struggling to get credit like you and…
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bank accounts
I opened a co-op cashminder account yesterday after telling them i will soon be bankrupt but i`m worried now that this account is going to get frozen when i become bankrupt? I`ve just read it somewhere although the woman at co-op said it wont. Also are you allowed more than one bank account whilst bankrupt as i`d like to…
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soa and paying board
Hi just after some advice regarding soa. As i live at home (with just my mum) when i do come to filling in my soa how will i prove to my OR that i am giving her X amount every month? (as my name isnt on any of the household bills):confused: Also been searhing threads for questions on phone contracts- will my phone contract…
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Barclays
I'm not sure if this is the right place for this post but I'm happy for it to be moved if not. Before, during and after my bankruptcy I was constantly phoned by Barclays. Often the calls were automated and at all times of the day, every day, the favourites usually being in the late evening and early morning. I told them…
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if i go br do i....
This may seem like an obvious question to ask, but what really happens after you are made br? Do you still keep your job, get your wages and live off that or do you still have to pay money to the br order thingy? I can't see how you pay £495 and all your debt is gone. there must be a catch. apart from not getting credit…
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preparing for bankruptcy
Hi all Just spoken to CCCS bankruptcy support team and the guy was so helpful and nice :T He's given me the address and phone number of my ''local'' court house (its in the next county lol) and told me what to expect on the day. I have been receiving regular calls from capquest about 1 of my debts (along with a bright red…
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Co-op Bank - My Experiances
I have had a lot of support from members on this site since I decided to go bankrupt. I would like to give something back as there has been a lot of threads recently on bank accounts for bankrupts. I currently bank with Nationwide (Cash card only account - opened last year when I went on a self managed dmp). I contacted…
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Early Discharge
What does this mean in the most detailed of responses?? mean you are no longer bankrupt and can start to build a credit rating again e.t.c.. Thanx in advance. D
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IPOQ Outgoings Form
Hi. Well the bankruptcy is probably the best thing so far I could have done, possible, not run into too much difficulty yet. I ama bit miffed tho at the IPA. Basically. I could end up paying exactly what I was paying about 2 months ago due to starting work a getting a decent salary. I find this ridiculous (even tho I…
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Vehicle change!
Someone has asked my a question and i have to admit i dont know the but i said that i bet some one here would know. I have recently had a letter from my OR saying that they no longer have any interest in my van. This is because i need it for work but what if i wanted to sell it before discharge could i? Or would the OR…
