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Bankruptcy - advice please
Our house is in negative equity to the tune of about £50k with an interest only mortgage on svr, we have outstanding CC debts of about £35,000 (which were ran up during better times where we could pay them off but due to a reduction in wages and increased interest) which are managing to overpay slightly now. We also have…
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Finally all done
I've done it - at last! I was in court for about 40 mins total, the judge didnt want to see me in the end so it was purely a paper process. The staff were incredably nice and helpful :) Could barely sign the forms as my hands were shaking so much tho :o Once outside I didnt know whether to laugh or cry but certainly didnt…
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Help advice required
I don't know if anyone can help me but after trawling through the internet I don't seem to be any nearer. I'm considering bankruptcy but have a couple of things I need to know first hopefully someone can help as I don't know where to turn anymore. I live alone in a flat I bought in 2006 the Management Company do nothing in…
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BR Abbreviations
Thought we should start a new BR Abbreviations List, so we can all add to it. :beer: AIB - Accountant in Bankruptcy AO - Administration Order AD - Automatic Discharge Annulment - Cancellation AE - Alter Ego, is generally someone who's previously been PPR'd and has joined under a new username to cause dispute. Assets -…
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will it be possible to get car finance
My partner is looking replacing his car. Bankrupty was charged to him in November 2005 and discharged in May 2006. As the 6 years credit file show has now passed, how likely is it that he will be refused finance?
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rtlu
hi i just recieved a letter from my or and it says my file has been passed to the rtlu i was made bankcrupt in sept2010 and had a early release in april 2011 i do own a property wich is in negative equity allso half owned by my ex wife does anyone know wat the rtlu are likely to do as i thought i had heard the last of this…
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Can someone help me please
firstly may i apologise for bein naive i was made bankrupt sept 2010 and was discharged last febuary. now all of a sudden i am being contacted by debt collection agencies asking for money which of course were included in my bankruptcy i havent cleaned up my file as of yet is this why they are contacting me??? i had a very…
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Income and DLA in Bankruptcy
So a few of you will know that I was declared bankrupt a few weeks ago and had OR interview last week. I have an IPA of £108 based on income (Im SE and work as and when I can from home). I have just been diagnosed as Bipolar type 1 with Psychosis which affects me to such a level that my CPN has encouraged me to apply for…
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Got my date!!!
Well I have finally got my court date, tomorrow at 9.15 :eek::eek::eek: I now feel sick with nerves :( Everything is done, fees, forms completed just need to muster some nerve now!
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BR forms help please
Hi all, If anybody could offer me some advice here I would really appreciate it. Basically I have my BR hearing March 14th and have downloaded the forms. My house was repossessed recently but hasn't gone through the stage of being sold so I don't know the shortfall amount. On the forms do I put it as a secured debt or…
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Opening a childs bank account whilst being a discharged BR.
Does anyone know If I can open a bank account for my daughter. I have been discharged for just under a year now. I dont want to take my daughter down to the bank and find I cant do it for her? Any ideas?
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Council tax and utility help
We inc council tax arrears but I am now panicking as to whether this will be inc and also what I do about paying from now on as they keep chasing the arrears even tho I sent a letter explaining Also inc British gas arrears what do i do about paying from now on we can't change lender as rented prop and ll wants to stay with…
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some pre br questions
Hi, I've found myself helping a work mate through the Br process, I went through it in 2007 and Have been doing very well since financially, I did learn something from it:j I just have 1 question, I've had a look on the forum but can't find the answer, Do you still need to do 3 copies of your soa? thanks in advance. Ian
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Help from family
Hi - BR seems to be only option for me. Biggest concern going through my bank statements is the amount of money that my family & bf has given me to bail me out over last 2 years. No arrears on any of my bills but although I work, my family/bf has bailed me out & lent me money most months to keep me afloat as I had nothing…
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H bankrupt. OR pursuing ME for rent he paid on our house!!!!
Had a letter from OR asking me to repay rent H paid on our house. H hasnt contributed to our financial income since about april 2011. He earnt some money in Oct 11 (£6k) and used it to go towards rent/household expenses over the last 6m. It was in my account as he went bankrupt in Nov 11 and obviously his accs would be…
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CAB meeting tomorrow
Hi all I have a meeting with a debt adviser tomorrow morning at the CAB, taking my first steps to BR, I'm really nervous I don't know why! Lol Can anyone tell me what I need to take with me? Do I take things like loan agreements and cc statements etc? They have given me a form to fill in so will obviously take that. Thanks…
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A question about a car...
My DH and I are going BR in March and had everything organised, forms etc etc, when last week my DH drove into the back of someone at a junction (aaaarghh!). No one hurt, but insurance company has declared the car a total loss and am currently awaiting a settlement figure from them. The car was bought by my FIL for £2500…
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Variable Income
What happens if you have an IPA and your income is variable? do you have to fill in a new SOA every month or do you just send them your pay slips and they base it on the expenditure already agreed? Thanks
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Seqestrated but debt collectors still visiting........
Hi Looking for some advice for my partner. He was sequestrated last August, but he is still getting debt collectors turning up at his door. Am I right in saying that as he has been sequestrated they do not have any rights, and would have no right to try and take possessions etc?
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Can I request our IVA company to make us Bankrupt?
Hi Guys Currently in a IVA that has been running for over a year & was managing quite well until a dramatic change in circumstance. We entered into a IVA in 1st place as my Wife is ill & she will not get any better & need to care for her on a daily basis. we get benefits plus I have a small part time job which fits in so I…
