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Bankcrupt Personal. Effect on sole trader business
[FONT="]Hi Guys/Gals, hope someone can help me here. I have been through DMP and IVA the Iva failed after 3 1/2 years after losing my job. From that point i decided my only option is bankruptcy which now the time has come around. Within the time of creditors contacting me after my Iva failed was about 1 year within…
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what is considered negative equity?
Hi all - just wondering on what constitutes negative equity - my situation is that I have a house with mortgage and secured loan (2nd charge) - at the moment the house is probably worth about 4k more than I owe on the mortgage (so no neg equity there), however the secured loan has a balance of around 20k. Is my house…
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Bankruptcy option
Hey, Having now spoken to some IP's and now knowing I can't do an IVA I am left with BR as the option. I think BR is probably the better option as an IVA is just as damaging I have been in a DMP for around a year now with Payplan which hasn't really done anything for me. Can you check out my SOA for me and tell me what you…
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£48.422.00 (I was being sad)
I was being sad before Just went through last 3 years statements This is how much i have paid back to my creditors in the last 3 years Still owe them the same Bet its just interest i owe now x
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Outgoings...
getting a bit worried now about my outgoings, both me and hubby have gone BR so the forms filled in, will be having the OR phone next week, this is what we put on our forms we are a family of 5 Mortgage £600 rents in area are £700 school dinners £173 Groceries £477 Gas & electric £200 This is what it is, no arrears water…
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Mid Bankruptcy Assesment & Bank Accounts
Hi ALL I have just been sent my 6 month assessment for my bankruptcy, in it they are asking for my bank account details and how much is in each account. Originally when I went BR I had a Halifax account, A Royal Bank of Scotland account and a Nationwide Acc. When I apllied to go BR I only told them about my Halifax account…
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Any OR experience for Reading
Hi guys, just wondered if anyone has any experience of Reading OR as we are having our interview very soon. :confused: Any help, much appreciated as usual. Thanks
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9th feb 9.30am
Well ive gone and done it Booked my petition date today 9th feb at 9.30 am
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worried dont no what to do next
hi im a bit of newb so my apologies if this is posted in the wrong place i have been in an iva which was a joint iva with my partner and it has failed i am self employed and my work has stopped since before christmas can anyone tell me what will happen next as i havnt got the money to go bankrupt by myself in my iva there…
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br help on lease car
hello i am in the process of filing in my forms,and hope to go to court next week, i have a question i lease a car through my work on a private lease and average 350 miles a month in business miles is it possible that they can ask me to give it back? the money is taken at source by my employer?? all help gratefully…
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redundancy and bankrupt advise needed
hi from a newbie advise needed i am due to go bankrupt in feb and my employer is making me redundant in may what i wanted to know would the reciever automaticaly know if i have been made redundant cheers for any help
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Barclays the stoneage cant be bothered bank BEWARE!
Well just to let you know my experience with Barclays so far............. The branch were great and helpful. i gave then all my details including an extra piece of paper with additional addresses on. The lady compiled it in front of me and put it in the envelope and all done. Its been 2 weeks since so i called yesterday 3…
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This is happening now!
Just an update but it looks like im doing this now. Have just rang up and opened a coop cashminder account.Have rang the courts and they have told me the 2-3 rd of March is free for my date unless anyone cancels sooner!!! This is my second post so i thought id tell my story and get some answers from everyone. My problems…
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Advice on potential bankrupcy of partner
Hello all. I'd be very grateful if you could offer me some advice. Apologies for the long post but I wanted to try and tell the story. My girlfriend has been running her own business (limited company) for several years and is now at a point where she realises the business is not viable. She is likely to put the business…
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BR - Bank account advice
Hi All, We are currently preparing for when my partner goes bankrupt. We have opened an account with Co-operative bank (Cashminder) and her work now pays her wages into that A/c. We thought this was good preperation but I fear that we have been to hasty! will this account be frozen when she goes BR? If so will she be able…
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Anyone here on D.A.S.,Scotland?
Hi,just wondered if anyone here was on the scottish Debt Arrangement Scheme? and if so could I pick their brains?????
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IPA payments
Afternoon all, More questions i'm afraid :rolleyes: If me and OH dont get an IPA, and are discharged within 12 months, can you still get an IPA if your income goes up after this? How long after discharge does the OR look into your affairs? If you get a one off bonus from work (approx £300) does this all get taken, just a %…
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Bankruptcy help
Due to a serious illness, been out of work for seven months. Managed to pay most monthly debts but now looks like its going to be long term. May get help with the mortgage which is up to max as property prices have fallen ie worth 150k owe 150k also have a secured loan for 10k. will both companies reposess in event of…
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Newcastle upon Tyne OR Experience
Just been reading the advice given to HADDIT on the experiences of people who've gone bankrupt in the Bristol resgion and the experiences they had wih the OR. Has anyone had any dealings, good or bad, with the Newcastle upon Tyne OR? Would love to hear Many thanks :beer:
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im gone............
ha! gotchya! you dont get rid of me that easy im gone off the IS online website, spot on 3 months from ED thank you and goodnight.... elvis has just left the building
