My Story from the 23/06/08. Im BR.

k2nga

Well after 15 years of debt and all the battling to control it and after being messed about by an IVA company only to find out i could not get one i decided last friday that BR was the only way forward.

I went to the insolvency website and started filling out the online forms. I have to say the site is great and takes the stress out of it all by saving the work as you go but also helps you by explaining each part so you know what you are doing.

i must admit i have not really slept that well the last couple of days as i had convinced myself not to get my hopes up i was convinced that something would go wrong and i would not get a bankruptcy order. But anyway i filled out the form and read loads of this site. I called my local court and they told me that the offered a drop in service between 8:30 - 10:30.

well after doing all the paperwork and printing off the 3 copies i got up early this morning to make the hour drive to the court. I arrived at 8:05 walked to the door and it did not look open but then a security guard saw me and said feel free to come in. I went in and told him why i was there he said i was wise to get there early and gave me a card saying i was the 1st of the say so could have a choice of seats in the waiting room. He was great and i did not feel like i deserved such nice treatment.

I sat there for about 15 mins and the bankruptcy clerk came in and shouted number 1 not realising i was the only one there we laughed and i went into a small office. She had a quick look through my paperwork and wrote in this massive book in the room. she asked me a couple of questions and i signed my forms and paid the fees of £495.

She then gave me a form to fill in which i filled in she said as i had filled out the form that she doubted the Judge would want to see me which i have to say i was really surprised about as i had 105k of debt and i was convinced he would want to know how the hell i had got into the mess.

Well by this time it was 9am and the clerk said that my hearing would be at 11am. I was to be back in case the judge did want to see me. So i went off the the local Tesco and had some breakfast which although i began to feel the weight off my shoulders i was still convinced that something would go wrong it was because of my luck i was there in the first place i was hoping now that i was hitting rock bottom but by lunchtime could look to my debt free future.

Well after an breakfast and cup of tea i sat in the car with a magazine for an hour and at 10:45 i left for the court.

By 11am i was back in the court waiting room and there were 4 others there. everyone looked glum and nobody spoke i wish somebody had as we all knew why we were there and i just needed to talk to be honest but hey it stayed quiet.

At 11:05 the clerk came into the room and informed us that the judge had all our papers and that she would check on the progress of them in 30 mins so we all waited in silence. I was so bored that i started reading meeting mins on the wall.

At 11:45 i was called to the counter. The clerk informed me that the the order had been made at 11.15am and all was fine. What a relief i wanted to shout yyyyyyiiiiipppppeeeee but contained myself. Ok maybe i should not have felt like that as i had got myself into the that much debt but i had tried hard over the last 10 years to control it but after being made redundant a second time i just could not control it anymore. But the way i looked at it was the banks had let me get into this mess and did not want to help.

The clerk asked if i want to wait for my paperwork to be typed up which i said i would and sat for the hour they needed. At 12:45 i was called to the counter again and there was all my paperwork. The clerk explained that the receivers would call in the next 2 days and i was free to go. She was great and could not have done more and on leaving the guard said to me to have a good day.

Well there you go i have thought and thought about bankruptcy for about the last 3 years and now i wish i had bitten the bullet and done it sooner. I hope this will help anyone who is thinking about the process or dreading it. I say get on with it, get it done and get on with your life. Your not alone as you can see on this site.

This was me on friday and this is me today

devonsdreamer

Well done on taking control of your situation- glad it went smoothly for you.

shadowdragon

Congratulations, it isnt such a nightmare is it!!! what gets me is because they see it day in day out, its just a job, and they really dont care about the ins and outs of it, all very proffesional and curtious.

k2nga

Quick update. I had my OR interview just 2 days after being made BR. They needed a little more information from me but apart from that i have heard little from them. I have 2 vehicles that i am waiting to find out about. 1 our car which is a little 106 that my future mother in law purchased but we put in my name as i thought that this would cause a problem with the insurance if i did not. The OR said we may need to prove that my FMIL had bought it but thought it would not come to that as the car was only worth about £500. The second was my van that i currently use for work which may or may not be a problem. Its worth about £2000 the OR thinks that it will be ok although he cannot say at the moment for sure but i guess if i lose my job and maybe its a small price to pay for being free of the massive debt.

Waspeze

Thanks for this K2nga .. really great first post!

and thanks for the update re: OR .. fingers crossed for your vehicles

Merry_Gentry

Thank you for sharing this - it really helps to see different people's experiences. I hope the vehicles get sorted out for you quickly

GettingHopeful

Thanks K2 - it has all happened really quickly included the OR interview. Congratulations, and agree I don't know why I didn't do it sooner, head in the sands of course. That bit about the banks struck a chord. They were always very keen to give me credit, up card limits and I have at least one card I don't think I applied for, it just appeared off the back of another!

All the best for your debt free life , and the van.

dalip

Good post k2.Glad you finally did it and now can look forward to a better quality of life.D

SkintyMcFlinty

Hi K2 - I will be 'doing the deed' myself shortly so the first hand accounts of the br 'experience' are so very useful. Glad everything worked well for you x x

skintx2

k2nga wrote: »

Well after 15 years of debt and all the battling to control it and after being messed about by an IVA company only to find out i could not get one i decided last friday that BR was the only way forward.

I went to the insolvency website and started filling out the online forms. I have to say the site is great and takes the stress out of it all by saving the work as you go but also helps you by explaining each part so you know what you are doing.

i must admit i have not really slept that well the last couple of days as i had convinced myself not to get my hopes up i was convinced that something would go wrong and i would not get a bankruptcy order. But anyway i filled out the form and read loads of this site. I called my local court and they told me that the offered a drop in service between 8:30 - 10:30.

well after doing all the paperwork and printing off the 3 copies i got up early this morning to make the hour drive to the court. I arrived at 8:05 walked to the door and it did not look open but then a security guard saw me and said feel free to come in. I went in and told him why i was there he said i was wise to get there early and gave me a card saying i was the 1st of the say so could have a choice of seats in the waiting room. He was great and i did not feel like i deserved such nice treatment.

I sat there for about 15 mins and the bankruptcy clerk came in and shouted number 1 not realising i was the only one there we laughed and i went into a small office. She had a quick look through my paperwork and wrote in this massive book in the room. she asked me a couple of questions and i signed my forms and paid the fees of £495.

She then gave me a form to fill in which i filled in she said as i had filled out the form that she doubted the Judge would want to see me which i have to say i was really surprised about as i had 105k of debt and i was convinced he would want to know how the hell i had got into the mess.

Well by this time it was 9am and the clerk said that my hearing would be at 11am. I was to be back in case the judge did want to see me. So i went off the the local Tesco and had some breakfast which although i began to feel the weight off my shoulders i was still convinced that something would go wrong it was because of my luck i was there in the first place i was hoping now that i was hitting rock bottom but by lunchtime could look to my debt free future.

Well after an breakfast and cup of tea i sat in the car with a magazine for an hour and at 10:45 i left for the court.

By 11am i was back in the court waiting room and there were 4 others there. everyone looked glum and nobody spoke i wish somebody had as we all knew why we were there and i just needed to talk to be honest but hey it stayed quiet.

At 11:05 the clerk came into the room and informed us that the judge had all our papers and that she would check on the progress of them in 30 mins so we all waited in silence. I was so bored that i started reading meeting mins on the wall.

At 11:45 i was called to the counter. The clerk informed me that the the order had been made at 11.15am and all was fine. What a relief i wanted to shout yyyyyyiiiiipppppeeeee but contained myself. Ok maybe i should not have felt like that as i had got myself into the that much debt but i had tried hard over the last 10 years to control it but after being made redundant a second time i just could not control it anymore. But the way i looked at it was the banks had let me get into this mess and did not want to help.

The clerk asked if i want to wait for my paperwork to be typed up which i said i would and sat for the hour they needed. At 12:45 i was called to the counter again and there was all my paperwork. The clerk explained that the receivers would call in the next 2 days and i was free to go. She was great and could not have done more and on leaving the guard said to me to have a good day.

Well there you go i have thought and thought about bankruptcy for about the last 3 years and now i wish i had bitten the bullet and done it sooner. I hope this will help anyone who is thinking about the process or dreading it. I say get on with it, get it done and get on with your life. Your not alone as you can see on this site.

This was me on friday and this is me today

Woww u were lucky, and so quick aswell. Congratulations. Just one question do u own ur property and if so wot is happening with it???

k2nga

Hi skintx2,

No i dont have my own property so maybe in a silly way i was lucky not to have one. I do rent and have informed the letting company who were great and said they did not see it as a problem as they have other BR's on the books so i hope they can convince the landlord its not a problem if they are notified by the OR.

I was lucky to get it sorted very quickly as after finding out on the friday that i had been mis-led on the possibility of getting an IVA i decided quickly that BR was an option. I spoke to my partner and close friends and they said its no big deal but just get on with it so you can rebuild your life. I was surprised at this but also egged on so i called my nearest court and said that they operated a drop-in service so there i was at the court first thing monday morning after spending the weekend doing the paperwork.

One thing i have forgotten to mention was that the IVA company that i was using upon realising that they might not get there second payment tried to get me to do the BR through them. They wanted £480 and then the court and OR fee's on top of that. My advise is save yourself the £480 and do it yourself as it not as bad as you think and you can also fill in the forms online. Plus with everyone so helpful on this site if there is something you dont understand just as here.

Many thanks for all the great comments which makes me glad i spent the time writing about my experience. I realised that it was my frst post yesterday after being a member for 4 years and i hope i can now help others and add to my post count and be a valued member of this great forum.

Many thanks