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Vol Termination of HP agreement and costs
In going BR, i am going to VT my HP agreement on a vehicle where i have paid well over half the amount. The HP agreement itself is in arrears by 1 month, and the agreement states there is a £45 collection fee and i have to pay if it is not in good condition (there is a slight dent beneath a wing mirror). Will these costs…
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SOA - can you have a look please?
I already posted it as part of another thread, but didn't get any response, so thought I'd post it separately... Here's a quick SOA if anyone wants to have a look at it. That's only based on what I'm getting just now, as I said things will change slightly in my income from April onwards. I still need to enter a figure for…
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Can I avoid bankruptcy
Our house has just been repossessed and was in negative equity. I'm expecting the BS to be asking for around £25,000-£30,000 once they sell it and are left with the shortfall. Would the BS accept a small monthly payment if they realise my only other option is bankruptcy, in which case they would get nothing? No idea how or…
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Decided on Bankruptcy
Hi Thanks to everyone who has provided me with help and advice since I joined the board. Just thought I would let you know that after thinking long and hard hubby has decided to file for bankruptcy. Fortunately I have been saving a bit over the last few months in case it came to this so we have the fee and he will start…
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Credit File
Good morning, Please could anyone put me on the right road to cleaning my credit file after bankruptcy. Thanks Deejay
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I am discharged
Just stayed up to see if the register changed at midnight and yes it did.It now says i am discharged.I found myself coming on this site daily looking for info and posted a few times and everyone is so hopeful.Just like to say a thankyou to everyone who replied to me and anyone who is thinking about going bankrupt just ask…
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BR Date set, SOA - Please Help!!
Hi everyone, After a couple of years of hoping my debt will reduce, and going backwards and forwards wondering what to do, I'm taking the plunge by going BR a week on Monday. Our court operates an advance service kinda thing. I've got to take my forms in next Thursday, then go back on the Monday after for declaration. Just…
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Worrying about living with BR...
I'm giving serious thought to BR, have sought advice and it does sound like one of the best options over an IVA. So much information to take in that my head's swimming... I'm trying to gauge what kind of impact this will have on my life as well as my debts. Can anyone share their experiences of the below?... * How hard is…
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Mobile contracts and BR
We are in the process of completing BR forms .We have 4 mobiles in the house all on contracts.Our youngest son has recently been diagnosed with epilepsy so we need to have the phones to be contactable. Does anyone know what will happen re mobiles? Thanks
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Should i go it alone??
Hey folks, me again! Got a phonecall from my old debt management company Gemstone Finance who have offered (for a fee, of course) to assist me with my bankruptcy. Now, common sense tells me that i shouldnt pay them for something i can do myself but the guy suggested that my bankruptcy is more likely to succeed and be more…
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Utilities bill
Hiya I declared myself BR a week ago anyway I received a gas/electric bill for our old address for nearly £600. I expected a bill but not this high. Can I include it in my BR or is it to late now? Thank you Angie
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Letter
Hi I went BKO in dec 2009, OR interview in Jan. Just got a letter off a store card comapny demanding payment. what do i do with this letter? The store card was inc in my BR papers. Thanks
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Help with SOA please
I'm trying to do the SOA and getting myself really confused :- my income : I'm self employed is average monthly after (allowable) expenses which is available for drawing is this OK? car expenses: claim mileage as expense so do I include? mobile phone: as above for business use do I include? I don't consider the following…
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BR Date 24th March due to illness but need my car
Hi, Please can someone help me, I had an operation last year that has gone horribly wrong and I am still visiting the hospital due to the complications, I lost my job as a result of all the time I had to take off and it has taken over three months to get any sort of benefits. I tried to sell my property (shared ownership)…
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Car Insurance - included in BR?
I went BR on 28th August 2009 and had a car insurance policy that was paid by DD. I thought the policy had been cancelled as no money had been collected for 4 months and we scrapped the car but the insurance co have written saying they didn't collect any money between Nov and March due to a system error and that i owe it…
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Just got home insurance good deal
Just got my home insurance at sainsburys checked all the assumptions was nothing about bankrupts listed,so fine for us bankrupts cost 136 for buildings and contents for the year plus got 100 cashback through quidco so cost 36 pounds for the year free on monthly instalments as well,just thought i would let people know
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What to do about a bank account...
Hi guys Quick question. I'm saving VERY hard for my fees (nearly there, another week!). Three of the creditors in my BR are going to be Barclays (2 current accounts & loan), who I hate with a passion! The current account that I use now is a Co-op cashminder, I love the co-op. What should i do about having a parachute…
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Extremely urgent advice
Partner had a call from his ex wife to say that court bailiffs had been round to give her 7th April as a repossession date. OH is not aware of it going to court before for mortgage company to obtain an order to repossess but he owes about £300 in arrears. He made a payment on Tuesday of £150 and tried to contact mortgage…
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Which is best for us IVA or BR??
Hi All, I have been reading and digesting lots of great advice surrounding IVA, DMP and BR but there is still a lot I don't fully understand. My head is in a spin and I don't know what to think from one minute to the next. I have 50k debt and am in a DMP and have been for almost 2yrs (due to finish 2057!!!!!!!!) My OH is…
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Bonus just prior to BR
I am going to be receiving a bonus from work just prior to going BR. In going BR, i am going to have to hand my current car back to the HP company. If i use some of my bonus to buy a car worth around £2000 and then are declared BR, will i be able to keep the car? will it be frowned upon by the OR? I need the car to get to…
