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Still cant believe what Ive been advised to do!
Im still sat in shock from my discussion with CCCS. I had it all planned....................... carry on paying the mortgage, and and something towards the 2 month arrears from ages ago..............my brother pays £1 for BI........................and one day get my ex off the…
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BR and Self employment
Having briefly spoken to OR on friday, they have told me that i must inform the firm i sub contract to that i am going BR so a fresh contract can be drawn up. When i do this I know they will not renew, as its a good get out clause due to current climate. My question is, Does anyone know whether i could start claiming…
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Buying bankrupt ex partners mortgage share. Any advice please?
Hi All, I originally posted this in the mortgage forum but it was suggested it may be better off here. Id really like some advice on a situation thats just arisen. Its quite complicated, but Ill try and give you all the abridged version. I bought my current property in August 2004 with my then Fiancee, however, shortly…
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IPA now set up, Redundancy & compensation implications
Well the good news that came last week about the ED has balanced neatly with the IPA being set up today. Thought we had dropped through the radar but not as bad as we were anticipating. Just a couple of questions though; (1) OH is old enough to get early retirement and would have the choice of lump sum and small pension or…
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Bankruptcy & VAT & Self Assessment liabilities
Hi everybody i hope you are all well. I have posted a few threads over the last 2 months concerning my BR which happened on the 7th Jan. Everything was going ok untill today. I included my VAT and Self Assessment on my BR forms but could not give a figure because i had no money to pay an accountant to complete the forms.…
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Can I appeal against an asset valuation?
As many of you know, my pets (tarantulas and snake) are being valued by an auction house, as they are considered to be assets. I have been told by Invert experts, that I would be offered around £110 by a dealer for my spiders, but to buy them all in a pet shop, you could pay up to around £700-900. I don't know how the…
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Bankrupt & Criminal Injuries Payment
Hi Can somebody please give me some advice, I am currently bankrupt and I am due to be paid £1000 for something that happened to me by the criminal injuries board. Does anybody know if this payment affects my bankrupcy? What is the maximum you can have in your account? Many Thanks Mark
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another question for you
i have been to court today (with Nat West), the judge has said that he will allow forthwith which i think was a stepping stone to a charge on the house. aparantly this will take 2 months to do and then i have to go to court again. should i carry on with my plans to go bankrupt and is there enough time to do so. i have…
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JUst spoke to BR team at CCCS, OMG
JUst spoke to CCCS Bankruptcy team, (just for confirmation on what you guys have told me, and for the judge to see I have taken advice.) I was telling him about how I got to this place and that I moved here to be with a guy, and I miss being near to my family. I told him I was 2 months in arrears with mortg from ages ago,…
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Ipo Dear?
Hi Im only a few weeks away from BR discharge :j My trustee sent me an IPO but the figures are wrong as its based on last years income.Since then my income has dropped,im in mortgage arrears and am finding things very very tight.Basically I dont have any surplus income,ive written back telling him this. Will he force me…
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Wife considering bankruptcy, advice please.
Hi, I hope someone can clear a few things up for me please. My wife has racked up c£10.5k in debts, been through Payplan and one of the options they have given is bankruptcy. My questions really are on how my finances and property are affected should she choose this root. Our home is owned by my parents and we pay a…
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IVA to Bankruptcy
Is it true your IVA has to fail before to can petition for your own BR - even if your circumstances have deteriorated ?:confused:
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Failed IVA update
Hi all. Just thought I'd update you regarding my thread a couple of days ago regarding whether I have to officially fail IVA before petitioning for BR. I spoke to my local county court and they said they didn't think it mattered but they couldn't confirm this as there was no judge in to ask. They suggested I ring the OR,…
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gone bankrupt
hi everyone im just about to make my self bankrupt and would love to get some info from others that have already been down that road of BR i would like to know how it affected them and there homes, did you manage to keep your home by buying the benefical interest and do you regret it or not it would help me lot to know…
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Really Need Help
Ive read these pages for some time and have finally plucked up the courage to go Bankrupt. My debt is personal and business. Ive buried my head for so long that i have personal guarantees against me from the business, my business partner is also responsible but hasnt a means to pay , will the total debt be wiped with my…
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Savings account undischarged bankrupt
Hello, Does anyone have any info on the position of savings accounts when you become bankrupt? I have read on the net that sometimes applying for a building society saving account could work? There was a recommendation that you should wait about 2 months so all the BR info has been distibuted and the application doesnt get…
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Does this sound ok for reason for bankruptcy
I am having real difficulty in maintaining payment on my debts due to being self employed I started my own internet retailer business on ebay just under 3 years ago. I had no money to start up with so purchased stock on credit cards and catalogues. My debts have gradually increased over the last 2 years and have got out of…
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my soa. please take a look
I have filled my soa in on the website cardsense but cant get my head round how I have been living and paying debt free £298 when it leaves me with less than I need basic. Please take a look at it for a joint SOA. meaning all our money together paying all bills as Clanbailey did with her OR, I will then rejig it all to do…
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How long until a lender does anything with a repossessed house?
Our house was subject to repossession in November which is when the court order was obtained giving us 28 days to leave the property (although of course we had surrended the keys long before then). In real terms, the house became the legal property of the mortgage company on the 2nd December which was officially our 'get…
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Bankruptcy - Advice?
Hi All, Firstly i'll give a brief description of our situation then i'll ask some questions if that's ok? My partner and I relocated to South Wales from Manchester in July '07. We saved up some money for the move but it ended up costing a lot more than we expected so the extra went on to credit cards. My partner also has…
