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please help
hi can any one help me my mate has gone bankrupct and owns a flat but the flat is in negative equaty and has been damaged in the flood and has no insanance the best thing to do is to give up the flat but im not sure they can do this so my qustion is can you hand the keys back to the mortage company and included the short…
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Quick Q - BR Forms
Hi all, Sorry, just have a quick question on how to put something on the forms. My travel too and from work every month cost £351, this is bought annually via a travel loan from my company and paid back monthly straight from my wages. This would cost more if I were to pay for it monthly, £370 (ish) and they don't charge…
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help on reasons for BR
Hi I am contemplating going bankrupt pretty soon!! I have 30K+ unsecured debts and am paying minimum payments and slowly going under despite following all Martins advice and having been switching to the lowest interest rates around. My problem is this what is a valid reason for BR ?? Will the OR grill me etc. as to how I…
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Am I doing the Right thing??
Hi Everyone, Firstly I would like to thank everyone on this board for posting their experiences, it makes something that seems scary (for me) to face up to, less so by hearing from people who have gone through it and come through the other side. A little something about financial me, I am approx 55k in debt with various…
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Bit of advice if you dont mind
With regards to BR Can we include a 4k tax bill or is it something that you have to pay HP on a car, would we be allowed to keep it ? Had it for 2 years, 3 years left to pay Animals - can anyone make us sell our dogs? Have heard that bailiffs can take them to repay a debt but not sure if they are classed as assets Thanks…
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bankrputcy v IVA.. i own nothing...
HI fellow debt people,Im a 30 yo man,single,i own nothing except a blender and a tv. I am in debt for 25k plus. Up to 3 years ago i was debt free with an excelent credit rating and a credit card of 35k.(i payed for private cancer treatment on my 30k limit credit card,at the time is was the least important thing.) Now i am…
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working Tax Credit
I have been told that I am now NT(no tax).I am considering going back to work after a period of being on Incapacity Benefit. The job center say I will get £98.00 working tax credits if i work 16 hours or more a week.I am now concerned that the change in my tax because of my bankruptcy willaffect what WTC I will get.I would…
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Voluntary repossession
Hello all :) Yet another query from me...basically after 2 missed payments on the mortgage the lender is asking us to pay up. We've explained that we're both going bankrupt and that this is planned for end Sept beginning of Oct as that's when we'll have the money and also we'll be in rented house by then. They have said…
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No luck/no cash
Hi all just a small note to see if I have done this right because this is my 3rd attemp at posting and nothing has gone right yet
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I+e Advice Please
hi guys can you have a look at my i+e and give me your comments on amounts and anything ive missed,im the only wage earner and i have a wife and two kids, income £2644 benifits £174 total £2818 outgoings mortgage £1072 house keeping £525 groundrent £ 23 water £ 30 council tax £104 gas £120 electric £30 building insure £16…
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Hopefully tomorrow.....
We shall know for sure whether to proceed with BR, as we have our first appointment with the CAB. Have to say that I even feel pretty tense about that too!:confused: I just cant wait til this is all over and being able to get a good, undisturbed sleep for once, and not have to worry about if its the right thing to do or…
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Home Insurance
Can anyone please advise where they have managed to get home insurance whilst bankrupt. I've just spoken with customer services rep from insurance dept of large supermarket chain where sister is currently insured to ask hypothetical question ' if I became bankrupt would you insure me'. In a nutshell I'm sorry I bothered,…
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New here! Advice please!
I have 2 bank debts, one personal account of £4.5K one business acount £30k. They were both joint accounts, but when I split from my ex I got all the money from the sale of the house (50K). We had an unofficial agreement that this was to be used to pay off the debts and rent a house for myself and 2 kids. However, at that…
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After the Judge has signed
The BR order, what papers do the OR send you? And what paperwork do they need to see? :confused: Ok, that really is the last question ...............(for now mMMmmwwwhaahahahaha! ) Now going for a long walk on the beach, where I (we) will pretend for a few hours , that all is well Hope you all having a good weekend :)
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We go BR at 9.00am Tomorrow
Hi Guys, well its finally here we are in court tomorrow morning at 9.00am. I would just like to thank debt doctor, rog2, fermi, gratton20, missmuppet, pixie...? can't remember the rest of it pixie sorry kid, and everyone else with the bottle to post on this forum. You are all priceless and without your help and advice we…
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On the bink, but...
Hello to you all. I've gathered much information and huge inspiration from many here through reading over the past few months. I had stopped all payments, saved up my fees, filled in the forms and got a date for BR. I was braced, and encouraged by the supportive posts here and looking forward to sharing experiences of the…
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Wrong assumption?
I've noticed several times of late people saying that 'after all the OR works for you'. I was always under the assumption that the OR works for the creditors trying to get as much as they can for them. Is this wrong?
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Loan during BR?
I know this sounds crazy, but our car is about dead and we are desperate to get something sorted. I never wanted credit again, ever, but, to save £3k before the car dies totally is just not going to happen. As my partner is not employed, companies are not keen to give her credit and don't even ask for a guarantor. So, I…
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Is this the way please help??
Me and my OH have approx £35k of debt. I also have £16k student loan taken out in 1999 can this be put onto the bankruptcy? My SOA is on the DFW forum. I have been told that if we go BR they can take away our pets to regain some money is this true? Please help any advise is going to help :confused:
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Defaulted on IVA
I took out an IVA about 10 months ago and only managed to make a few months of payments as my circumstances changed unexpectedly and I had to focus on priority debts such as rent, utilities, food etc.... As things are not much better I think the only way to go now is Bankruptcy which I knowa bit about as my partner went…