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Typical bankrupt....
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What do I tell Creditors pre BR?
Morning all We are going BR end Aug/Sept just getting organised. We are getting letters and calls from creditors and I am trying to hold them off without telling them of our plans for BR. I have just written to all of them telling them we are seeing CAB on Monday and I enclosed a financial statement showing them we can…
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How to get out of an IVA???
Could someone give me some advise on how to get out of an IVA. I have been in one for a year and think Im paying too much and am struggling a little bit.
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Help with starting bankrupcy
I went to a meeting with CAB today to discuss going bankrupt due to credit cards and loan repayments. CAB Advised me that th BR was best option for me. which i also agree. I didnt state at the time that some of my debt was due to gambling (approx 20%). i didnt say this because i thourght it would have a negative effect on…
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Cash in bank, car needed & prior to bankruptcy
Hi everyone, I've spent quite a bit of time reading posts here and thanks for such a helpful resource for people facing such a potentially difficult time. I've looked for the answers to my questions by searching through the forum, but I could do with some advice, as I can't find the answer. Firstly, my problems leading me…
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House question
Hi again I havent decided what I am doing with my house yet, pretty sure it is negative equity but will get valuations next week, if for some miracle it has equity then the OR will want it or let a family member buy the equity. If I do lose the house then I am fortunute to be able to rent from a family member but the rent…
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Confused with what decision to make....
Its been weeks since I last posted. So much has happened and I think emotionally I hit rock bottom and had a sort of breakdown. I just couldn't post. Now my situation has gone from bad to worse and I don't know which way to turn. I have spoken to CCCS, citizens advice, family and friends. On monday I had 11pence left in my…
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house help urgent please
I own two houses, 1 has no equity, one has a 80k mortgage and is worth 120k. If I live in the 2nd house will the OR let me live there, and will there be any repurcussions? Do I keep title on the house. All help gratefully received.
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First Month nerves!!!
Hi all Finally went BR on 1st July 2009 and had OR interview on phone ten days later- exhausted but got through it. Now coming up to the end of first month i am starting to get the jitters, not sure why, all sorts of things jumping in to my head. Is this normal? During interview OR stated no need for IPA as on benefits and…
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Being chased after bankruptcy
2 questions here: First, lender has already got a repossession order on my house. Date to get out has passed but they haven't enforced. They suggest I surrender it voluntarily. Any reason I shouldn't? The court order gave them the right to pursue me for the shortfall anyway. Not that they'll get it. I have no assets left,…
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Admitting BR to your children
Hi Some of the posts today have made me smile, thank you. My court has a drop in service and I'm planning to 'drop in' in the middle of August. There is just me and my 16 yr old at home and although I have the support of my family, albeit it Im very embarrassed, they are great. Im always honest with my son and need to tell…
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Few questions about my BR
Firstly, there's a couple of things that have me worried about the OR. I took out a 'buy now pay later' finance agreement just after I was made redundant in May. At the time, I thought I'd get a new job easily and BR wasn't even on my mind. I'm a bit worried that the OR might think I intentionally took out credit that I…
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National Debtline - information disclosure
Hi, I've spoken to the National Debtline twice and the Business Debtline once, and recall that the first time I called they mentioned something about my details being made available to the legal services. I can't actually remember if this was standard or whether they asked if I minded if it was... If I had the choice, can…
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Bristol County Court
Does anyone have any experience of going br in Bristol, its advice for my sister. Whats the or like?? How much contact did you ahev with them?? Thanks in advance!
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Just been shown the (barely) post-discharge door by Yorkshire Bank...
OK, so I'm greener than a novice nun being shown the convent's papal hospitality suite but, being imminently self-employed and wanting to get the spheres rolling I thought I'd nip along to one of the few banks I didn't mortally wound during the collapse of my previous empire. Tis been a week and a day since Her Majesty's…
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Just back from the OR
Hoorah!! OR interview completed and it really wasn't that painful. Nerve racking to be sure, I was forgetting EVERYTHING I've ever done in my life, but the OR was very nice and tried to make it as easy as possible. A few things that we were discussing in other threads (can't remember which) that I may be able to clear up;…
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Change of Circumstances Pre-Bankruptcy
Hi all, I havent posted for a while but when I did, I was waiting for my completed credit files (which seemed to take an AGE). I was unemployed at the time, I have now found a job in a warehouse because I wanted to be on a low wage due to the risk of an IPO which I really dont want (some of you may dissagree with that but…
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bankruptcy and tax credits overpayments
Hi after reading through a few threads i am unsure about tax credit overpayments and bankruptcy, i went bankrupt in jan 09 , i recieved a letter a few weeks ago saying i qualify for early discharge and they were applying to the court for this , i was overpaid a large sum of taxcredits due to selfemployment but i never put…
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Post-Bankruptcy Payments (?) HELP NEEDED!
Hi there. I'm in a bit of a post-bankruptcy quandry and would be grateful of any advice as regards my current predicament. Basically, I was made bankrupt in November 2008 (before which I received excellent advice/help from C.A.B and the good people on this forum). As my bankruptcy was - admittedly - mainly due to gambling…
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Court Summons
OH and I are currently preparing for BR - we anticipate going to court on Friday 28th August. We have today received a county court summons from one of our creditors. We are currently in a DMP with payplan so forwarded it to them and they are dealing with it. They did mention though that as we have a mortgaged property the…
