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How's everybody doing?
I hope you don't mind, but I thought I'd start a thread so we can get an update on how everyone's doing pre and post bankruptcy…like who's for the chopping block next…Bakey? Has Blind finished his SoA? Is Alan still wading thru his 'to do' list or has he taken up permanent residence in the Bankrupt Arms? Anybody due a date…
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Advise Please - A Little Scared
Firstly let me give you some background. I have trolled on this page for a while and taking some of the advise I sorted my debts out by approaching Payplan and got the to sort out the accounts. I have now been making payments for a few months and felt relativley happy, I was clearing my debts (ok slowly) and finally…
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Any advice greatfully received
Hello there I was advised to look at this site by a debt adviser - looks like you know your stuff :) I'm completely new to this bankruptcy thing, so please excuse any ignorant comments... a bit of background stuff: - I'm 30 and when I was 20 I took out a loan for £10,000, which, for a number of reasons, I've been unable to…
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Mortgage arrears
Hi all, ive just contacted my mortgage company to say its very likely im going to miss last months mortgage payment because of cashflow or lack of it at the moment and the idiot i spoke to said its already a late payment on your credit file and i had better ring back by next week saying how im going to pay or an agent will…
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Inland Revenue and Bankruptcy
Hi All, been reading a lot on here lately and the advice and knowledge being shared is amazing. So to my problem. I'm not terrifically in debt - I have credit cards and a personal loan which together total about 18,000. My problem is that although I am now PAYE, prior to that I was self employed and through a combination…
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Few question regarding the online form
Hi there, this is my first post after just reading through the last 3 months! My husband and myself have to go bankrupt now as we have debts of around 80000£ and we can't see any other option. I just started filling in the bankruptcy form online and have a few questions: Do I have to fill in all the SAME details for credit…
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Bankruptcy Dates.
Ok People (shoot me down in flames if this is a c**p idea :D This Thread is for people to add themselves too if you have a date for BR so we know who to support (wish luck to and when.) [STRIKE]RED [/STRIKE] 29th March [STRIKE]wherediditallgo[/STRIKE] 29th March [STRIKE]Lucy 2nd April[/STRIKE] [STRIKE]allofadither 10th…
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Couple more questions.
Trying to get my head straight before my CCCS and CAB interviews on Friday! the bumf they have sent in the post says about getting a new basic bank account ASAP. So I will head into town on thursday and speak to Nationwide. Do I need to disclose my probable impending bankruptcy when I apply? I'm scared of "showing my hand"…
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Think IVA was wrong choice...
A year ago I got an IVA, but I think it was the wrong decision. I owed over £35,000 and the IVA was for £350 a month, which I have managed each month without fail, but now things are going a bit mad. My car died a couple of weeks ago, totally, and I cannot replace it. Without it, I am finding it nearly impossible to get to…
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OR and cars ...
update .. just had an e mail from my OR and he said because the motability car is not mine and my old banger is worth less than 2,000 and I need it for travelling to work he will not be taking it ....phew .... Also told him my eldest daughter has moved back home after splitting from her boyfriend and because she still has…
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Help getting bankruptcy fees paid
Hi guys, Thought this might come in useful for those people who are thinking about going BR but are having problems affording the fees. Somebody on another forum recently posted the following info taken from a leaflet from Severn Trent Trust Fund. Apparently the leaflet (only recently published) states: "In exceptional…
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Dad - bankruptcy
Hello there, I normally frequent the debt free board however I would like to ask you advice on a matter concerning my Dad if that is ok with you guys?? Basically he went through a rough time over the past few years and to cut a long story short, has no where to live and debts all over the place. Some of which I think have…
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Mortgage payments while in Bankruptcy
Can someone help, Applied for an IVA, gone through paperwork reached proposal, before creditors meeting Abbey National rejected offer as it was less than the minimum 40pence in the pound, now looking at bankruptcy. Happy to go down this root, i have a mortgage through Abbey and i am happy to take this as an asset so i can…
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Life after being discharged ?
After reading various posts on here most people appear to be discharged after 12 months. What happens after this as i know a guy who went bankrupt about 12 years ago for a debt of 8k and last year had a letter demanding 30k and was forced to sell his house. I thought everything was written off after you have been…
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mortgage payments while bankrupt
Applied for IVA, proposal rejected as Abbey would not except less than 40pence in the pound. Now looking at bankruptcy, my mortgage is also with Abbey, if the OR take my house as means for paying my debt so be it. Question Once bankrupt can i stop paying monthly mortgage as i do not see any benefit of paying when i will…
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Going Bankrupt soon!YIPPEE!!
I have made the decision to go bankrupt soon.I've been reading through this forum & have a question to ask! I've read a few posts saying that a judge will insist that you have sought advice from CCCS or Payplan,before granting bangruptcy.I have spoken to neither of these,only the CAB. Can anyone advise as to wether this…
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Whats my best Option
Have been reading these threads for some time while having my head in the sand and now things are finally catching up with me. I feel going bankrupt is the best solution. Here is a SOA so far. House Value 230k Mortgage £160000 £1050 pm Nemo Secured Loan £60000 £575 Pm Co-Op Visa £4500 £90 pm Lloyds Gold Card £15000 £300pm…
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Administration Order for Debts less than £5,000
This seems a less drastic option than Bankruptcy for people with debts of less than £5,000. http://www.debtadvicebureau.org.uk/explained/administration_orders.html Regards Richard Administration Orders What is an Administration Order? An Administration Order is a court order which covers your outstanding debts. Under it…
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OR and self employed records ....
Had phone call from OR saying I have to go in for a face to face meeting as i'm self employed .... i only do 18 hours cleaning for people i know . Do i need to take all records from when i started in 2002 ? There isn't a problem in doing so as i have had to keep them for working tax credits but they are hand written in a…
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Do CC force bankruptcy? (forwarded from debt-free wanabee)
Hi, I have large cc debts - 86K that have accumulated since becoming ill 10 years ago. The illness (more a disability) makes it hard for me to hold down a full time job. At 49 years old and out of work again I've decided I'm too tired to fight the debt and the illness. I've been advised to apply for disability living…