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Specific Questions about Bankruptcy!
Hi, I have pretty much decided to go bankrupt following some good advice from various people, including several very kind people on here. I just need some further advice on the following if anybody can help: 1) I live with my girlfriend in her house. The mortgage is in her name and we have no joint debts or any other type…
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A Car Question.....
Afternoon all :) We're going BR next year. H has a car on finance - bought this April, approx. £4k left to pay on it, car worth approx. £6k. We know that the chances of keeping it are probably pretty slim and anyway, we could do without having to pay the £135 a month for it. So, H has had an idea :rolleyes: , to stop…
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How much will I be left with?
Just thinking about going BR, I am £55k in debt with a possible additional £25k coming my way with negative equity on a property I need to sell with my ex. I am single and currently earn good money and can afford to pay my current debt, If I carry on the way I am going I will have £30k of the £55k paid off in the next 3…
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Query about Nil tax code and related issues.
It was the loss of my job back in July this yr that participated my bankruptcy in Sept this yr. I have been living on benefits since then (unemployment, council and housing benefit - I rent my home from a housing association). I didn't believe it would be possible to do so but it is (albeit in pretty straightened…
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Ex-Wifes bankrupcy
Me & my ex-wife separated in 2002, after which she accumulated a large level of debt (in her name only). We had a joint mortgage which I continued to pay while she left the marrital home. In 2004 she came back for my help. I helped her sort out her finances, we sold our house, and as she wasn't working at the time the CAB…
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Quick question
Hi not sure if anyone will know had a joint mortagage with ex went bankrupt in july. my house sale went through today and my share left over was £2600 which soliciter has sent to official receiver . Does that money stay with them now. I understand i went bankrupt and should not see the money but just wondered where it went
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raising money B4 going BR
Me..Married with 3 young kids. Joint interest only mortgage 300k, Value of property 450k. (I have remortgaged twice to pay back unsecured loans) Lost a lot of money on a business venture. I owe debts on cards and unsecured loans of £130k. All the debts are in my name, my wife has no debts. Outgoings with minimum payments…
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Need reassurance! Debtline advised bankruptcy best option.
Had meltdown yesterday. Wanted to buy xmas presents but realised had nothing in my account. Finally realised after years of borrowing too much and spending too much that I have lived WAY BEYOND my means and I am now paying for my own stupidity. So, I totted up how much I owed in total, how much money was actually coming…
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CSA & Bankruptcy
Hi I was having an interesting conversation the otherday and wondered if someone knew the answer...... I'm not trying to get out of paying what I want to pay and I went BR 18months ago so it doesn't apply to me directly but...... Someone was telling me that if you go BR and you are making CSA payments then you have to tell…
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Alternatives to Bankruptcy ?
What do the "perfect people" suggest , how about doing what some low-life pond-scum has just done to my Ex-Wife's home to make some extra money ..... BREAK IN AND STEAL MY DAUGHTERS XBOX :mad: :mad: :mad: Amongst other things !!!!!!!!!!!!!!!!!!!!! Tuesday, our Daughter had to go to Hospital for an eye operation, I went…
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cashminder when i have debt with coop
Hi, i have read several threads advising people to open a cashminder account pre BR, to get benefits wages etc paid into, and this seems like a good idea, as i would definitely need to have a "safe" place for these as i couldn't afford to lose any of it, but i currently have a smile current account (they are the internet…
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RTLU letter and early Discharge
Hi, I went BR in late September with no assets. My Report to creditors was issued on the 21st October. My entire case has been now passed onto the district RTLU office to monitor my IPA payments. The OR has written to me to tell me that they have finished their investigations into my affairs and assets. I know there is a 3…
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Considering bankruptcy - any help please
Hi, My husband and I owe around £53K. £30K of this is an unsecured loan from Northern Rock - we had a mortgage with the loan attached with 6.1% apr but the interest rates went silly and we decided to sell up. We couldn't pay off the loan so NR said we could keep it on - at just over 12% apr - we didn't have a choice and…
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help receved tax bill
i filled my self assessment in dec before i went br and on it was a calculation of £247. tax due. i then went br on 10th dec. can anyone tell me should this debt have been included in the br or do i still have to pay it and i have been giving conflicting answers and im not sure? as i have had the bill today
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HELP owing rent housing say they will take house
Ive just rang my housing association basically asking where do i stand if i become bankrupt. I owe them 423.99 arrears which i pay off at £5 a week they say that if i go bankrupt the house may be taken back and me and my kids evicted. I have no problem with paying them i want to keep the roof over our heads, housing say i…
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Renting query
Well, DH & I went BR last week and house is likely to be repossessed sometime soon. Sadly we were not organised enough to sort out rented accommodation prior to going BR. I presume we're now going to struggle, particularly as we are both on benefits. Will having DH's dad as a guarantor make it any easier? Or have we got no…
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Newbie needs advise, in serious debt!
Hi there, i come on here everyday reading everyone's posts and advice on BR and it has been very useful but now im looking for a bit of advice myself. I am 23, have a 16 month old baby and another which is due in may next year, I have been on income support since my partner left in June. This is the only money i have…
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one week after my br
:D went br last monday, i was nervous and upset and did not sleep the night before. i had many kind words of support on this site but still very nervous. i was in court 2 hours start to finish. when i got out i felt very strange as if it didnt sink in what i had done, i felt numb. although it was a great i was debt free i…
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How much should you owe?
I have a friend who is considering going bankrupt, however I think it is uneccessary and have been trying to steer her down other paths first. She is single with no children and her debt is just under £15k. She earns circa £14k PA. I'm not sure that her debt is high enough to file anyway, could anyone help me out by…
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Advice with egg loan
hi, I have just checked on egg bank to see my egg card has been wiped over £4000 gone balance at £0.00,but the loan i had with them is still at the same amount does this sound right or is it the norm. any advice would help. thanks in advance