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My day in court today
Wow what a long day Phew!!! got to court early, our slot was at 10am, then we found out everyone was given the same time. Had to then queue outside the payments office, so we got to be second in line. Ushered into a room about 10ft x 5ft, then had to present our papers at a window, not very private, although there were…
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House old bills when I've given keys to bank
I'm moving into a rented house at weekend and on monday phoning the bank to say repossess my house, where shall I send the keys. Once I've done this I am still liable for all the household bills that I had to pay before like council tax, water rates and house insurance. i'm going to phone gas & Electric with metre readings…
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PLEASE HELP re bankruptcy
Hello all once again Can anyone give me some advice my husband was declared BR in March of this year one of the companies he owed money too was Yorkshire Bank for a Business Loan, now the thing is for some strange reason they have got hold of a contact telephone number and are constantly phoning be it sometimes a person…
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Letter from water company
Had a letter from sww yesterday saying that money owed before I went br will be included in the bankruptcy,will be starting fresh from day after br and they'll be sending me a new payment plan etc. I was not expecting this at all as even tho I was in arrears my monthly payment was paying that off aswell as any current…
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is this a unique situation
Hi All WE bought a shop 2 years ago, to raise the money we remortged our house with northern rock on the 125% scheme. the first 12 months we did very well and saved lots of money. now we are loseing money every day. we have been trying to sell the shop since January this year(2009). All the money we saved has been used to…
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Legal Aid??
If you are made bankrupt and you need to get a divorce....are you entitled to Legal Aid??
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Help Please- starting again-mortgage
Hi Can anyone shed some light please- when can i start again. i was made BR in dec 2007, and i am now discharged. however i do have a BRO for 3 years ending in 2011. My mum is dying and she wants to put a deposit on a house for my daughter, but she is only 3, hence her name can`t go on mortgage. so it would have to be…
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SOA (Debtor's Petition) Section 3 Assets
Hi all, Just a quick question. I have completed my forms 6.28 and 6.27 online with the insolvency direct and submitted my forms. I have since noticed that under section 13 assets. I put under Motor vehicles 'Nothing to declare' and under Any other property of any value e.g. paintings, furniture or jewellery, I added my Car…
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SOA "what was debt for" ?
Is it ok to put consildation transfer to 0% day to day, household longterm debt card not used most of the cards i have were from moving existing long term debt to a 0% deal, only generally used one or two cards and that was for things like groceries, or house stuff or a game from amazon for kids birthdays that sort of…
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Forms for two people
I know this has been asked before, but I can't find any old threads... As a BR myself, I'm helping a couple I know with their BR forms, but am not sure how they should complete the income and expenditure sections for each of them. (I'm single so my form was easy). Person A has debts in their own name, is self-employed with…
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dormant account from 10 years ago
I have just found a dormant bank account statement with my maiden name on so it must be from over 10 years ago and the account address is a relatives on it, should i go and update it before BR ?, I would hate to black list my relative lol
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Need Advice Please
Basically myself and my wife work and earn about £46k a year together. We have a mortgage on the house which is £79k and a secured loan which is about £39k and a DMP with cccs for multiple debts totalling around £30k. My wife is desperately unhappy in our house and needs to move (no question there she has to move). We just…
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Do banks and building societies have a good reason for denying BRs savings accounts?
I was rather surprised on reading these forums, that BRs can have trouble even opening savings accounts with banks and building societies. Is there any justification for this, after all, with a savings account you're always in credit, so what's the problem? Are they just trying to be awkward because the financial…
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Bankrupty and life assurance policy
Can one of you guys pls advise. OH bankrupt - OR has written to him asking if he wants to buy back the life assurance policy for £50. OH obviously is now debt free the house has been voluntarily repossessed (maybe a shortfall when the BS sell it) So is it worth buying the policy back? The policy was cover the mortgage…
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Could this be seen as preferencial treatment of creditors?
Hi all, Previously we were receiving only benefits but my wife has recently started work. At first we planned on taking £100 month from her wages/tax credits to offer to my creditors (out of desperation to get some breathing space - damn phone calls!! :mad: ). I contacted Mercers and made a pro-rata offer (2 CC balances)…
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Bankruptcy.....after breaking up.....
After 9 mths of trying to struggle with my outgoings £900 more than my incomings I have decided to go BR. My ex wife left me, we consolidated all our loans and credit into our mortgage a few yrs back which made our mortgage double. She then made me take out loans and credit cards again over the years in my name and then…
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Help woth Bankruptcy
Hi everybody. I am after some advice. I spoke to the National Debt Advice Trust and CCCS and have been advised that the best course of action would be Voluntary repocession. This is because we have a 45k secured loan on house so we are in negative equity by 40k. Our mortgage is a together mortgage and we owe about 9k on…
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Statement from Eversheds re sale of flat
Just received the statement on vol repossessed flat - £21k shorfall, with all the expenses that the BS clocked up. And the property sold for £54k less than the original valuation in Nov 2007 - and in fact £20k less than what the BS originally had it up for sale for. Feel generally v depressed. v sad. I know I don't have to…
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SOA post BR - any advise please
Hi everyone, am halfway thru my BR forms and have now completed an SOA for post bankruptcy. Two things to point out. My mortgage payment is currently £606 - this includes £200 per month towards arrears which will finish at Christmas. The payments towards the secured debt is also higher than it should be. First one should…
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after bankruptcy-disposable income
Dear all, I am considering bankruptcy but am seeking advice on this issue. If I go bankrupt I get rid of massive debt, inckuding mortgage of about 1500 per month. I have an income of 1700 per month. For anyone who has gone through it how much would I have to end up paying back creditors after oing bankrupt? I know this is…
