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IP's - payment of their fees
My husbands business went into voluntary liquidation in January 2007. He signed a guarantee with the IP and their agreement with him states: "Our fees for assisting with the winding-up of the company, preparation of the report and statement of affairs and convening of statutory meetings is £4k & VAT. The fees will be met…
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New here need some questions answered.
I'm currently in over £20.000 in debt. I'm also on benefits. I dont have the money to pay the debts and cant see any other option then bankruptcy, I am going to get the forms tommorow. My questions are, what happens with utility bills how do I pay them if they shut down my bank accounts? What can you have after bankruptcy?…
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Cashminder account
After taking advice and the Bank I owe money to froze my account, I opened a Co-op cashminder account and everything has been tickety-boo since. Now I don't know if to clear out the money before the big day (week tomorrow) ?! Another query I have is with the online form, step 3.1 'Cash in bank, building society or similar…
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Help with BR forms please
Hi everyone Hubby and I are in the process of completing the bankruptcy forms but there are a couple of things we are not sure of. Firstly, o/h got rid of all his vehicles to do with the business so does not own a car of his own. There is a question that asks if you have access to any other cars owned by someone else, then…
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Banks paying out least bonuses to managers
Hi. As a matter of principle I want to move my Bank account to the company that is displaying most realisation that they have left the world in a terrible mess. Managers are obviously still being paid huge bonuses whether the company makes money or not. Quite simply I believe in a decent wage for a decent days work. If…
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Paying 6 months rent in advance - what happens after that?
As the title says really!! Now this is no way definate, but hubby and I were talking last night about this, and if, and it is a HUGE if!! we could come by the money to pay 6 months up front, what happens next? ie, if someone had lent us the money to get out of this place, would we able to pay them back each month what we…
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Bankruptcy & natwest one account
Hi all, I wonder if anyone can help me. My wife and I have a Natwest one account which is held on our home. It is not over the limit and has been run quite well. My problem is that my business has struggled in the downturn. I have to many personal debts that have been incurred trying to prop up the business and having…
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Another forms question, previous addresses
Hi I have lived at my current address since July 2009. Do I need to list previous addresses? I do not have any debts related to previous addresses ie, utility bills as all my debt is related to loans & credit cards only and all my creditors have my current address. I have had to declare that I was self employed as it was…
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forms, car & reasons for BR questions
Hi, I have a date for BR set for 31st March. Currently filling in the forms but have the following questions:- 1) Assets - Car, filled in details in 3.7 but it says I have to include in 3.1 as well but I am unsure under which heading. The only place I could put it is in Tools of trade. I am currently unemployed and seeking…
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SOA - How does this look?
Hi Any advice/suggestions on this, please? Does it look realistic? Is it likely to be accepted? Anything obvious I've missed? Thanks Household Information Number of adults in household........... 1 Number of children in household......... 0 Number of cars owned.................... 1 Monthly Income Details Monthly income…
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ex has gone bankrupt and we have joint mortgage!
I am in a really horrible situation, my ex has gone bankrupt in the uk, have been told by receiver that if i sell the house which i cant afford, that any proceeds go to the creditor, if there is a shortfall i must pay, or go bankrupt myself, should i go for voluntary repossession, or sell my house privately either way,…
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Who is it Best to Tell?
If your income increases and you have an IPA – who is it best to tell The OR or Moonbeever? (I'm asking this on behalf of a friend who has an IPA)
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got a scary letter!
Hi everyone, i'm really in need of some advice as i'm now worried sick! i'm currently saving more for my fees and to do so i have stopped paying my creditors, this will be the 5th month that i have not paid them and 2 of the creditors have refered my case to Debt collection agencies. Yesterday i got a letter from one…
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Response from OR Office
I send my updated SOA to OR over 2 weeks ago. Did not get any response. Just wondering how long an OR letter response typically takes.
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Filling in form 6.28 - queries...
Under section 5, where it asks 'Do you have any cheque cards, cash dispenser cards, credit or charge cards, debit cards, etc' then asks you to list them... do you put down credit cards you've just listed as 'Unsecured Creditors' in section 4, even though you've already just listed them? An example of a completed form I…
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bankruptcy date
Hi I spoke to my CAB advisor yesterday and she has booked me in for March 29th for my bankruptcy. I am dreading it but I just want to get it over and done with. Having this site helps - knowing that there are other people in the same boat. Also, reading the advice and experiences of others. Thank you all.
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Student Loans
I'm in the process of filling in my forms for bankruptcy but am unsure how to list my two student loans. (I believe they cannot be included as a creditor so still need to be paid?) The income contingency loan is taken from my pay at source (along with tax, National Insurance, etc) - can I make a note of this on the form…
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Change of legislation ?
5 months ago, I contacted CCCS for financial advice which they gave and I was planning on going BR. I enquired does your name appear in the local paper which I was assured did not happen anymore which put my mind at ease. True enough, the last few months go by and not an entry in site. A thread appeared here about it and…
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Gas and Electric supply change after discharge could there be a problem?
I was discharge in November last year but have not attempted a credit file clean up yet. I am a council tenant and the nice people have decided to referbish the house, kitchen, bathroom and central heating but I have a worry and I wounder if someone could advise. The house at present is all electric and I have had no…
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Advice needed please
Hi everyone first post today but been lurking for a couple of weeks now. Myself and the OH are due to go bankrupt in April and have a question regarding our Northern Rock mortgage. We owe about 90k on our mortgage plus about 5k which is an unsecured loan which is also part of our mortgage agreement. Are we right in…
