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Help Please - Self-Employed and Bankruptcy
Hi, I have been reading lots of wonderful advice on hear for several weeks but still have questions I am sure you can help with. My OH and I are both self-employed. We have been in an IVA for just over 3 years- debt of approx. £50,000. In May 08 our mortgage payment increased by such an amount that we could not afford both…
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Doing forms alone?
Hi all, Hubby and I are definitely going down the BR route as no other way out. We have had advice over the phone from the CCCS and SSTAC but what I would now like to know is do I need their assistance to actually take us through the process or would it be simple enough for us just to go ahead and do it alone? Is there any…
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Considering....
Hi all I apologise if there is a thread elsewhere for this but I've been trawling and cannot find so... I am seriously considering BR, as the way things are at the moment, I think I am really going to struggle within 2 or 3 months to maintain my payments. I am with CCCS but again, I simply don't earn enough to even pay…
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No News Yet
Went BR on 12th January 2009, had a brief conversation from OR Office few questions asked then she said I would receive a pack which will also contain OR appointment. However have still received no pack and no date for interview and am starting to panick!! How long can it take to receive this pack/interview???
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advice re buy your house for cash schemes
My Husband owes 50k to various creditors (including Inland Revenue who are just about to declare him bankrupt) We owe 40K on the mortgage and feel our best option is to sell the house as we have equity in the house. We could afford to pay of debts and hopefully start again. We have been looking at these companies who buy…
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Soa................help!
Iv just done the soa online and hear it is. Iv just been layed off at work so i get £60 a week JS and my OH works part time and gets £55 a week. We have 2 cars one is on hp but that car is the OH and its me that is going BR so will the effect it? Here we go then......... Statement of Affairs and Personal Balance Sheet…
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My Car
My car is off the road at the moment. It needs a few things doing to it. Cant afford it at the mo, cos saving up for BR. It is worth approx £750. Will the OR even be interested if they cant even drive it from my home ? :confused:
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Stupid question but i want to do it right
When i fill out my bankruptcy petition if my essential outgoings are more than my income can i put this on the form or does it have to be equal Thanks x
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Br Guidance Notes
I am trying to locate on line the above but i am unable to locate it. Maybe looking in wrong area. ANyone any ideas what the form is called and its reference no. I am on the insolvency website. My solicitor printed out the BR forms for me.
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Northern Rock And My Dd
NR are being so unreasonable and are not prepared to listen to my current circumstances. I have cancelled my DD with them on 24 Dec and not paid my mortgage in Jan 09. I have not yet had a letter or phone call from them about this.??? Has anyone else experienced the same thing. I am trying to take advantage of free living…
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Bank Account - I don't have one
Hey All :) I wondered if anyone else was in a situation like mine or might even have some advice. I haven't had a bank account for around two years now. When I first got into strife with my bank (unable to pay back a loan and credit card bills) they closed my account. I've since tried to open a bank account with just about…
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can we be forced into BR
advice please thanks in advance . i lost my job 12 mths ago , we have been to court over missed morgage payments ,so the morgage is our priorty, unsercured loans and credit cards have somehow managed to put their debt, on the house (via )the land registair . the house is up for sale we have been told by the court that if…
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Wrong advice from court?
Whilst discussing my BR with the lady at court, she advised me that as this was my 2nd BR i wouldnt get an automatic discharge after 12 months? is this correct, I was lead to beleive that everyone was discharged after 12 months, but a BRU may be imposed? Just heard on radio BTW that its Internet free day today:confused:
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Advice on self employed stock holding
Hi I am due to petition for bankruptcy imminently however for the past year my partner(not business partner) has been purchasing stock for me to sell to try to keep the business afloat and allowing me to keep the profit only taking the stock cost back All stock purchases are with their name on the invoices or paid by their…
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Advice on Bankrupcy!!
I am considering going bankrupt, I would be very grateful for help and advice on things you SHOULD KNOW before commiting to this. * Firstly I am currently living with my partner, who has a mortgage/bills accounts in her name only, with no debt problems/history, so I want to check if this will affect her in any way, i.e…
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Newbie needs help
I've been served a BR petition on behalf of HSBC by Vertex Data Services. However there is a Tomlin Order in place since March last year which gives my ex-partner control over the sale of our house (the Tomlin contains an Order of Sale). She placed it on the market in April last year. The Tomlin Order also restricts my…
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Scared
Hello 2 Everyone X I Am New To Computers. This Is My First Time Writing A Message On A Computer. I Feel Silly Writing This, Dont Know Where To Begin !!
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IPO Questionaire after discharge! Mistake?
Hi everyone,it's been a while but i really need someone to please put my mind at rest. I went BR last Feb and received early discharge in August:j .I'm not on the insolvency register anymore but i've just received an IPO questionaire :eek: from the OR's office.It was sent by the OR's assistant but was signed by a different…
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Is there a minimum amount of debt to become BR?
Hi All Is there a minimum amount of debt you can go bankrupt for? I'm around £15,000 in debt and I'm considering bankruptcy but it occurred to me that £15,000 might not be a high enough amount to be granted a BR. Could anyone let me know? Many thanks :)
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Request for some advice!
I would like to start with an apology. This post is going to ramble on for a bit. Part of it is just to vent. I also need some advice. So if you'd rather skip my tale of sorrow then please feel free to skip to the last two paragraphs! For the last 20 year due to my ill health (chronic kidney failure and mental health…
