BR day approaching

hellraiser

My first proper post I have completed my petition & filled in my SOA, I am solvent (£50) a month do you think the judge would throw my case out, I know this might sound silly will I be asked to sit in front of the judge & do a question & answer session & try explain how I got myself into this financial situation, Any info on what questions they will be asking?. Things to say & not to say in court, I don't wont to jeopardise my BR, I just hope I'm one of the lucky ones that's granted BR. Or will i end up with a BRO or BRU, Not sure if I'm supposed to post my SOA here.

I rent a privately furnished room in a house my only asset is my old run around which is only worth a few hundred pounds, I made an appointment with the CAB & explains to them by financial situation they explained the different options available to me, IVA was too expensive & DMP I would be paying for ever & a day, So my best option was to take BR,

Feeling very stressed at the moment trying to cope with all corresponding letters & bombarded with non stop phone calls received one 9 a.m. Sunday morning just what I needed, asking me to settle my account in full. Am I an legally bound to tell my creditors I am going down the BR route or just keep mom, The next thing I suppose is the bailiffs will come calling, My debt is mainly credit cards & two unsecure loan, I would love to be able to have a fresh start in life.

smashedbooboo

Hi hun and welcome, I am sorry but i dont know much about this subject only the things i am learning myself. But did not want to read and run and leave you without saying stop panicking hun, There will be lots more knowledgeable peeps here in the morning who will help you. Please dont worry about the bailiffs. They wont be coming to your door hun, so lets get that one out of the way. What date is your hearing. Please dont fret, and when you are awake at this time of night and things going round in your head it all seems ten times worse. You do not need to speak to the DCA on the phone. Letters only. How much are your debts. I am not going to ask you to put up an SOA as i am not sure how this board works in relation to that. Dalip, or one of the peeps will advise you on that. You have nade the step in the right direction by asking for advice here. You are not alone, If you really cant sleep then have a read through some of the other posters stories. You could well find out some of the answeres to your questions in them.

k2nga

I suppose they could as that if you solvent how are you in a mess.

Put your SOA on here so we can comment but there may be things that you have not put on SOA and should before going to court.

dalip

hellraiser wrote: »

My first proper post I have completed my petition & filled in my SOA, I am solvent (£50) a month do you think the judge would throw my case out, is this £50 a mth after paying all your min payments on your debts and your household expenditure?I know this might sound silly will I be asked to sit in front of the judge & do a question & answer session & try explain how I got myself into this financial situationno the judge usually asks if you understand the implications of bc and if you have taken legal advice(cab), Any info on what questions they will be asking?. Things to say & not to say in court, I don't wont to jeopardise my BR,It is not the court you see on telly,it is usually a person in a suit sat behind a desk in a room! I just hope I'm one of the lucky ones that's granted BR.Very rare for a bc to be refused Or will i end up with a BRO or BRU,these are giving for gambling and taking on morecedit when you know you are insolvent Not sure if I'm supposed to post my SOA here.It would help you and us if you could

I rent a privately furnished room in a house my only asset is my old run around which is only worth a few hundred pounds, I made an appointment with the CAB & explains to them by financial situation they explained the different options available to me, IVA was too expensive & DMP I would be paying for ever & a day, So my best option was to take BR, Did CAB reccomend this or was bc your choice?

Feeling very stressed at the moment trying to cope with all corresponding letters & bombarded with non stop phone calls received one 9 a.m. Sunday morning just what I needed, asking me to settle my account in full. Am I an legally bound to tell my creditors I am going down the BR route or just keep mom,Just don't answer the phone. The next thing I suppose is the bailiffs will come calling, My debt is mainly credit cards & one unsecure loan, I would love to be able to have a fresh start in life.

Post you SOA up for us to take a gander at. Phone you local court and see what sort of system they operate(drop in bc or appointments)also ask how many copies of your SOA they need(this can vary from 1-3)the come back to us for more pointers. You will be fine we are all here to help you through it.D

smashedbooboo

Good morning all you lovely people, i hope you dont mind me jumping in late at night sometimes to answer a poster, I just feel if there are not many people around and its a newbie posting then at least they can see that they are not alone and they can maybe settle a bit better knowing that help will be its on way. I try not to give advice as you know its not a subject i know much about. xxxxxxxxxxxxxxxxxxxx

tigerfeet2006

Smashed it's great that you take the time to reasure posters that there will be people around to help them. Thank you so much.

BTW what were you doing up at that time in the morning?

dalip

smashedbooboo wrote: »

Good morning all you lovely people, i hope you dont mind me jumping in late at night sometimes to answer a poster, I just feel if there are not many people around and its a newbie posting then at least they can see that they are not alone and they can maybe settle a bit better knowing that help will be its on way. I try not to give advice as you know its not a subject i know much about. xxxxxxxxxxxxxxxxxxxx

It's actually nice that the 2 forums can interlink and that posters from the DFW feel they can contribute here.

Have you heard from weller,?do hope she is coping ok.D

smashedbooboo

I have not as yet but keeping a look out for something from Toto or Snaggles for an update. Its been a week now so am sure we will have something soon. If only to know she is as well as can be expected x

hellraiser

Monthly income after tax £1100

monthly expenses
rent £400
groceries £140
electricity £120
water £32
Telephone £30
travel expenses
MOT & maintenance £170
clothing & workware £40
maintenance payments
for property £15
Council tax £74
haircuts £10
prescription & dentist £10
total monthly expenses £1041
surplus £50+

Assets
car £800

Unsecured debt
Northern Rock loan £22000
cahoot loan £4800
intelligent Finance credit card £8200
Marks & Spencer's credit card £2500
Barclaycard credit card £2100
smile bank account £500
Alliance & Leicester bank account £560
G E money finance £160
Total unsecured debt £40820
monthly unsecured debt repayment £783
I have not payed smile or A&L for a few
months.

Monthly budget summary
income £1100
expenses £ 1041
debt repayments £783
total negative £674

Any help would be most appreciated.
will I be asked to account for all my debts, do i have to produce statements and receipts for a last 25 years of my debts
My BR interview is arranged for 9.30 Tuesday 5th August, After weighing up all my options I come to the conclusion that BR was best for me, please let me know what you think

dalip

hellraiser wrote: »

Monthly income after tax £1100

monthly expenses
rent £400
groceries £140could up this to £170
electricity £120This is high need to lower this
water £32
Telephone £30could up this a litttle to aout £45
travel expenses????
MOT & maintenance £170NO WAY
clothing & workware £40If you need sepecific clothes for work then up this
maintenance payments
for property £15
Council tax £74
haircuts £10
prescription & dentist £10 make this £20,no opticians?
total monthly expenses £1041
surplus £50+

Assets
car £800

Unsecured debt
Northern Rock loan £22000
cahoot loan £4800
intelligent Finance credit card £8200
Marks & Spencer's credit card £2500
Barclaycard credit card £2100
smile bank account £500
Alliance & Leicester bank account £560
G E money finance £160
Total unsecured debt £40820
monthly unsecured debt repayment £783
I have not payed smile or A&L for a few
months.

Monthly budget summary
income £1100
expenses £ 1041
debt repayments £783
total negative £674

Any help would be most appreciated.
will I be asked to account for all my debts, do i have to produce statements and receipts for a last 25 years of my debts
My BR interview is arranged for 9.30 Tuesday 5th August, After weighing up all my options I come to the conclusion that BR was best for me, please let me know what you think

You have no travel expenses,tv licence,house ins,dry cleaning.

You must have been advised to go bc by a legal advisor,not decided to do it yourself. If you have not been advised to go bc by the likes of CAB,CCS or NDL then your petition may refused by the judge!
The OR will normallyask for 12-24mths cc and bank statements,copies of loan agreements ect.D

Rainbow_Butterfly

I am still going through this process myself, so the others will be able to give you better advice, but I shall try.
I was in with the judge for only a couple of minutes, he wanted to know why I couldnt keep up with repayments, and whether I had sought legal advice. He then signed the BR.
It is the official receivers job to investigate the causes of the BR. As far as I know you will need to provide one years worth of bank statements/ credit card statements, & all of the credit agreement paperwork. He will also want to know why you took out each loan/cc and what the money went on.
I would think that your car should be safe if it is needed for work, but again I am no expert at this.
Nothing else helpful to add im afraid, except that there is light at the end of the tunnel and you are doing very well to face up to your demons and trying to sort this out. :TAll the best. xx