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BR and Limited Company advice
My husband has a Limited Company, there is only him that works for it. He is considering br, how does he go about it. The company still owes corporation tax that should have been paid on 1/1/09. Does he close the company and then the company go br and then him, as he is now struggling through lack of work to pay his credit…
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Child Benefit?
Hi. Just a short question for you very knowledgable people out there. I thought I'd remembered a thread I'd read but unable to find it again regarding Child Benefit. Am I right in thinking that Child Benefit is not taken into account on IandE and won't be seen as surplus? Do you still have to include on an IandE sheet…
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what are regarded as assests
Ive started filling in the forms online and apart from my house and car, what are regarded as assets? I dont have any jewelry, paintings, or anything like that. Apart from general household furniture I have a 3 yr old plasma tv, a 3 yr old hi fi, a laptop worth around £350 - would I need to put these in? Any advice much…
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The consequences of bankruptcy...
Hi all I understand that the standard undischarged br timespan is 1 yr for most people, am that a record of br stays on a person's credit file for 6 years. From what Ive read on here there can be some work done to improved your credit rating after being discharged, which is helpful, but Im wondering about the long term…
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Have I failed my IVA? What do i do next?
:confused: I started my IVA in July 2008 with Debt free direct, before going through with the IVA I told them that my ex partner would reduce his working hours to attend university (he's becoming a qualified surveyor) in the September and therefore his child maintenance would reduce, he also wrote a letter explaining this.…
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OR Interview, advice needed
Ive just filled out my BR forms online for me and wife, and will be making court date tomorrow, My OR interview will be at Chester, i have been BR before but wife hasnt. i am worried that he/she will really cane me for getting into debt so soon after my old BR ended. (it was made in 1998/99) cant quite remember. and my…
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SOA here it is, re "going bankrupt any help" thread earlier
Sorry peeps, im not used to forums so probabally havn't used it properly, I posted a thread last night and wanted this one to continue it. Hope it works and I hope im not making peoples life miserable by posting the same things a million or so times. Thanks for all your patience here is our SOA, hope you can make sense of…
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Is it worth going Bankrupt??
Middle of the night brain roaming again! I have only recently learnt that about 75% of our 'income' cannot - by law - be used towards any IPA or in any calculation for anything means tested. As this is the case, does this mean even if our creditors hound us and take us to court, we are now being threatened with CCJ's,…
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going bankrupt soon any help
Hi guys, Wow its pretty good to see so many people helping each other out. I am hoping someone out there can help with a few questions I have. My OH and I are going bankrupt on the 6th of jan. :confused: We have filled in the forms, albeit sort of, and are struggling a bit. I not only work in the evening but have started…
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Emigrating to US in 6 months could/should i go BR
I entered a debt management plan 3.5 years ago with payplan with a debt of around £15,000. I have been paying around £120.00 a month to them the whole time and have made a small dent in the debt. However my husband, children and i are moving to the US in June and wanted to be debt free when we left. Will be a hassle having…
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I have a problem!
This is my very first post on this forum.I have been reading threads especially on bankruptcy for the past few days now to help with the decision of whether to go bankrupt.I have gained a wealth of information and think you are all very brave. I am up to date on all of my payments but I am really beginning to struggle with…
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How long does nil tax code last.
I went br 5/12/08, not had OR interview yet, thats on 14th Jan. My wage last friday was nil tax code, do I stay on nil tax code until my br ends. Also on my soa I had £11 surplus, does he add my tax which is about £12 a week to that and say I have money to pay the creditors. I put on my soa child benefit for one child and…
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can someone advice please
hope someone can advice me on what happens when bankruptcy is up i made myself bankrupt on feb 17th 2006 which would last 3 years which i take it would expire 17th feb 09 my question is what happens ? does someone contact me? i just havent got a clue they got a payment from inheritence of around £5000 in 2008 but no-one…
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CAr question
Ok so i have a car on HP which will be going back currently just parked outside not used ,i have had a car from my sister which we were going to keep in her name and just have me on the insurance but as it were it was too expensive to put me on her insurance (she now has 2 cars and insurance company would not let her share…
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A Few Queries...Help Appreciated!
Hi all. A few questions I would appreciate any thoughts or knowledge on. When I come to fill out BR forms and mention debts what would be the best approach on the following: I entered into an IVA prior to house being repossessed and sold so the total owing was more than it is now it has been sold by Northern Rock. I've not…
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Bankruptcy from Spain Help
Hi All I am after some advice, about a year ago our business failed leaving both my wife and I with a huge amount of debt with personal guarantees and tax bills and rent arrears from 1 of our shops (the landlord would not transfer the lease in to the Ltd Company. In total the debt is (all unsecured) me £114,341 my wife…
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have you missed me? also buying back car question
well since the day after i got made br my internet got cut off because of the being disconected from bt thing so had to wait for then to set up new account then once that was live then wait for sky to reconect bb. so been without the net for over 2 wks which i havent liked 1 bit. well i had my OR interview very quick and…
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When do the payments start in bankruptcy?
Hiya all. Went BR in August 2008 and still haven't been told how much they want each month. I know the Income Tax people apparently take their time and when we went onto nil tax code I did ring the OR and they said to just put £600 aside each month and Income Tax people will request money at some point. However we still…
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Need Help (British Gas Threats)
Hi there, hope you can provide advice. I went bankrupt last year (FEB 08). I get letters from British Gas saying that I still owe them £400 + and that they are coming around to cut it off. They say because I used electricity from FEB to MAY which was still under the name of the person bankrupt, that I still have to pay…
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Questions Regarding Emigrating To Canada
Myself have been discharged from BR. My wife is on DMP. We are thinking of emigrating to Canada as my brother in law will sponsor us. I am currently on IPA of about £200 and still have 2 years left. My wife , she is on DMP with payplan and she has bought my BI on the property which is in negative equity. Please can…
