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Understanding IPA
Hi all, new to this forum, have pretty much decided it's time to take the first step on my journey to BR. Been reading up as much as possible but havn't actually got round to speaking to CAB etc yet. Just been looking on the planner thing in one of the stickys and the ipa that it said i would have setup for me would be 70%…
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Gas & Electric - Query
My gas and electric are currently with NPower. I had a prepay meter installed for the gas about 9 months ago. I pay the electric on an payment card on an agreed amount each month. I have had a couple of bills sent to me and I am just over £200 in debt on the electric and £68 on the gas, would these both be included in the…
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Creditors
I have stopped paying my crediters this month and am in court in March, the money by not paying my creditors is to be for my BR fees. There will be more money than I need for the fees. Should I pay something to all creditors or more to others, or none at all and keep the cash
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Close catalogue account before proceedings?
I have an up to date account with a catalogue. (I never agreed to having a credit check or did I want a credit account but they foolishly sent me a catalogue with an ever increasing credit limit anyway). Basically my balance is at £0. Is it best to close it before starting proceedings? Would the OR tell them once I go BR…
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Some SoA questions
Hi all, I was just wondering if someone could answer a few SoA questions I have please? Thanks in advance!! 1. I currently pay mortgage on a house (joint mortgage with ex-wife who cannot afford her half) so this is going to get reposessed. Once repossesed, then I will claim BR because the repo will leave a mortgage…
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Paying a creditor whilst starting proceedings
Just wondered if anyone could clarify the following for me..... Owe about £55K (yes I know, I have done it in style). Not a homeowner. About £15K of that is Natwest's who gave me a CCJ. I have a DMP with Payplan. They have said that I can't just stop paying in order to save up for my bankruptcy. They have also said that…
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OR Interview
Hello, I have searched the site on vain to see specific OR interviews that members have had. I have my telphone interview tomorrow and wondered what to expect really. My debts are 5 years old and I wasn't able to send them much info. Also I think I have left some things off my SOA, I should bring this up tomorrow? Thank…
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SOA your thoughts please
wold really appreciate someone going through this and and letting me know what you think. thanks Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 3 Number of cars owned.................... 1 Monthly Income Details…
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Council Tax? Thankyou all for your advice and support, Emby
Hi all, Tomorrow I have my court hearing for my house reposession and have decided that I might as well file my papers (Which I filled out online) at the same time for my bankruptcy. Do I need to pay anything when I do this or do I just have to pay on the day of the actual bankruptcy hearing with the judge? and how much is…
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A little bit of help needed please.
Hi. Have been reading this site for days now and think everyone is so kind and non judgemental. Anyway won't go into all the details, but to cut long story short, I am going to have to go BC as I will be finishing my second job at the end of the month (which pays my debts and without it I will no longer be able to carry on…
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OR Interview Tomorrow
Hello There, I have my OR interview tomorrow (telephone). It is almost definate that I will get an IPA... Do they inform you of the amount on the telephone? How long does it take for the IPA to be enforced? I am a little worried because my current work contract will end in March. Thanks!
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Sending OR paperwork etc using their Freepost label
So tomorrow I gotta send all my forms/bank statements/paperwork to my OR, she wants them to arrive by the 15th (Thursday) as my phone interview is 19th (Monday)... They give this Freepost label to send all the stuff to them, but will it arrive in time? Checking on Royal Mail's website, Freepost can either be 1st or 2nd…
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Being open with friends about going BR
Hi, I've been very open with close friends as regards my BR and the reasons why. Surprisingly, I've found out that three of them have been through BR on more than one occassion, whilst another is also currently going through the process. Some where somewhat shocked; though going through the ins and outs with them, they…
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Car Thoughts
Bit if a strange one. I am booked in at the court in March, I was clear on the car, but now not so sure. The car I use to work which is needed as I working the middle of knowhere and no public transport, is techinically my wife's as she purhased it on finance and this was paid approx 5 years ago. It is 1991 MR2 so an old…
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Going to Australia while on an IPA...
Hi all, I'm thinking of going to Australia later this year on a 1 year working holiday visa, but I'm currently on an IPA until July 2011...Will I be able to do this? I'm planning to use my last months wages for funds, selling whatever I can on ebay, and will also be getting my birthday money (£500) and I will be working…
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Working and Child Tax Credits.
Hi all. We're going BR on 3rd February (drop in BR appointment) and I've pretty much completed forms. However, I'm not too sure whether to put WTC and CTC income on the forms as they are due to reduce to £10.00 week as of 4th April and will obviously reduce household income considerably. There's no where on the forms…
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help needed
Hi all,i have been reading threads on forum for over a year on and off , i am a self employed mum of 2,my income are my wages and family tax credit.I have not received a penny from childrens father(thanks csa)for eight years,which has not helped the mess i am in now. I went to the cab for advice about 18months ago and…
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Me - BR, my wife no BR but with loan - please help
I'd be really grateful of some help on this. I went bankrupt a couple of days ago but my wife has not. However, she has a loan in her name that we need to continue paying if she is not to go bankrupt also. We rent and have a son who is a student and lives at home with us. We are currently unemployed but hopefully she…
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If I have a job...
If I'm declared bankrupt and have a job, will I be made to make payments towards the debts I have accumulated for the 12 months of the bankruptcy, and if so, what percentage of my wages (NET) will I be made to pay back? Thanks
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Working out surplus income when you're self-employed
Hello again, As I've mentioned, I've got my telephone interview tomorrow morning, and I have another query prior to it. How does the OR calculate my surplus income when I'm self-employed? I'm a consultant working in a sector demolished by this downturn, but there are still a few contracts out there. Therefore, my income is…
