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All this talk of fraud has me worried now
Morning all, Just read through the chaps post who wanted to know if he could pay off a student loan and then go BR and he was told it was fraud Now sorry to be a whinge but I started thinking of my own situation, I won't bore you all again with the details ( I do that in my other thread :o ) Is what I have done Fraud? I…
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Scary thought
hi all, I went BR on 23rd and got my br order yesterday in the night i woke up and i thought cam to me i put all my prev addresses that i lived at on my forms but 2 or 3 companies got my mothers address as a mailing address i have never lived with her at the address and haven't really wanted to ring them to change the…
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Invoice from lease company after BR
After we declared BR the company that we leased our car from repossessed it - fair enough. We did point out that there were only 4 months left on the lease and that we had never defaulted on a payment but they said we were in breach of our contract. We have now received an invoice for an Early Closure Charge - £500. Even…
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not sure what i have to do regarding house
hi all, need a bit of advice if anyone out there can help me. long story short is 2001 was declared bankrupt along with hubby, old rules so did the usual 3 yrs. we owned with mortgage our current home and beneficial interest was set at 12.000 after valuation. we were given the opportunity of purchasing this by way of…
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company Trading names post BR
Hi all, Just a question about trading as a sole trader after BR. Spoke to the OR about this when I had my telephone interview and she said I had to trade in my own name so people can recognise I am a BR. Am currently unemployed but am thinking of going self employed as a sole trading electrician Does this mean I have to…
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some questions after OR interview
hi all, i had my OR interview today and was told that my tax code will change to nt-no tax so i wont have my pay taxed , but will have to pay the OR the amount it would of been-is this right? that means the OR gets preference! have to have the car and house valued too but should keep them they said.;) was advised to cancel…
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Praise for bankruptcy board!!
Well just wanted to start this thread to praise this forum..... Where do I start? without the support and advice from the many people on here I think I would have cracked up a long time ago. No question is 2 much, someone always has the answer and it feels such a huge relief to get advice that is unbiased and from people…
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the end is in sight
Hi all, have been holed up at my new house after the move, man alive, I feel like I've been playing tetris with a thousand cardboard boxes! Since last Friday, I've had daily fights with virgin media (the rumour is true, a virgin never goes all the way on their first visit) :rolleyes: But that aside, I have have had to…
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I Think its likely I'll get a BRO/U if I go BR
I've been looking through the posts and as I'm on the verge of going BR I think it's likely I'' get a BRU too, could anyone comment? I'm a contractor and have a Ltd company (purely for tax reasons) The Ltd company is seriously in debt to the HMRC with no way of being able to pay it (as I've just lost the contract with no…
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OR interview tuesday PLEASE HELP
Hi Everyone, I've read back 26 pages on here already and I think this forum is really great, but I would really appreciate some advice as I haven't managed to find the answers I'm looking for. My parents have an interview with the OR this tuesday and they are very stressed and anxious about it. So far from what I've read…
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Is bankrupcy the right option ?
Hi, I have been reading the posts on here for a while now and would like to post my first thread. I am 24 years old and have around 15k of debt. I have recently seen a money advisor and they have advised me to go through the L.I.L.A Scheme. I worked for the RBS and the debt i had near cost me my job because as an employee…
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Agreed SOA figures
Thought it may be of some help to others when preparing theirs to see what we have had agreed for our IPA Statement of Affairs and Personal Balance Sheet Monthly Income Details Monthly income after tax................ 1500 Partners monthly income after tax....... 2100 Benefits................................ 132 Other…
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CCCS advice & court day
Hello all So I had my interview with the CCCS the other day (I posted about the incorrect information they gave me regarding CT arrears) and today I received my pack in the post with my financial statement, general debt info and sample £1 letters - nothing about BR or mention that it was discussed. Given the wrong info I…
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Bankruptcy Dilemma please advise
Hello Everyone, Anyone who can help greatly apreciated as always..... I am married but currently seperated. I choose to keep my Miss status and maiden name after being married as partner had poor credit rating and had mortgage and all credit in this name before declaring myself bankrupt in June and the name I was declared…
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Taking out a loan then declaring bankruptcy
What is the legal perspective if one were in debt and their income wasn't enough to service the current debts so that bankruptcy became the only real option (assuming no assets), but they got a personal loan, used this to pay their student loan (which would otherwise survive a bankruptcy), then declared themselves…
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Trust Deed/Sequestration
My mum has just started paying into a trust deed and one of her creditors (BoS) has refused and is filing for sequestration. We are in Scotland and from what I have read this means bankruptcy. Does this mean that if sequestration is granted that she will be made bankupt with all her creditors or will she still have to…
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Insurance when BR - and experience?
I'm in the very early stages of going BR and noted a few references to insurance on a number of posts. What problems do you face with insurance when you are BR (undischarged and afterwards?) Cost? Can you get insurance? What happens if I live with my girlfriend in her house with her insurance, will I affect her insurance?…
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Am I weird?
I have a bit of a fascination with reading the BRU/BRO register on the insolvency site, seeing what people got, what their stories are. Just find it very fascinating, especially when I was worried that I would get one when my business spreadsheet of income and outgoings for the whole 6months we were trading got corrupted…
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working out my wages when self employed
hi could anyone help me with this one when i go br i will be going self employed so wont know what my wage will be each week till i have been working a few weeks. so will the or wait to see what i earn then decied if i need an ipa or not or will they put one in place anyway and suspend it till they know how much i earn? i…
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Section 13 - Extra information
Hi Below are 2 paragraphs that I am thinking of adding to section 13. I would appreciate any advice on these. Q 11.1 I HAVE ENTERED NIL FOR THIS QUESTION AS I HAVEN’T LOST ANY MONEY GAMBLING IN THE LAST 2 YEARS. I HAVE TRADED ON BETFAIR A LITTLE OVER THE 2 YEARS USING EXCESS MONEY WHEN I HAD IT (EG. SOME OF MY REDUNDANCY…
