Look here first - Bankruptcy Help: Important topics, factsheets and links

lyon

Hi Fermi,

This is a great thread, fair play to you for putting all these links into one place.

Someone asked in an earlier post about being able to keep the car - this is important to me! I don't see any links about it, did you manage to post anything?

Cheers,
Lyon

fermi

It is there......

Cars and bankruptcy.

• What will happen to my car? (MSE)
• OR's Case Help manual - Motor Vehicles (March 2007)

fermi

For comparison:

New core figures.



Old core figures

fermi

Just a reminder: If anyone has any links/info to suggest, or finds that any of the links are broken or need updating then please let me know.

Thanks.

IF

Hi Fermi, Bat and I found these details for information on Northern Ireland Bankruptcy.


For information in Northern Ireland you should contact The Insolvency Service of Northern Ireland at:

The Insolvency Service
Fermanagh House
Ormeau Avenue
Belfast
BT2 8NJ

Tel: 02890 251441

Northern Ireland Insolvency Service -

http://www.nidirect.gov.uk/index/contacts/contacts-az/insolvency-service.htm


Online forms
http://www.detini.gov.uk/deti-insolvency-index.htm

CCCS

http://www.cccs.co.uk/InfoCentre/NorthernIreland.aspx

Hope this will help someone x

Fishmonger2010

Hi

I am new to the board of have recently been through the Bankruptcy process. As with many things you tend to learn about what you should have done; after the event.

In my situation i was basically rolled by a rogue business partner. As the business was a partnership and i was the founder and guarantor of much of the liabilities, it all came flooding to me and my partner made a sharp exit.

If you are in a position too, one should plan a bankruptcy carefully. You will lose all that you are able to lose. If you have been a silly boy and burned your way through credit cards then you probably deserve your situation. On the other hand if your forced in to bankruptcy by another then prepare to protect your assetts. Car, home, finances, business can all be managed with some forward thinking. Protecting yourself, your family and the roof over your head is your number one priority. Plan your bankruptcy and Do not let your assetts go without first thinking long and hard as to what it took to aquire them.

Get professional advice and then get many second opinions. CAB were very helpful and they will check your documentation for you and answer any questions you might have. But the final decision is yours so make it wisely. Once bankrupt your as good as having one arm tied to your ankle for 12 months or more.

>>update<<
Going thorugh the bankruptcy process has actually not been as painful as i thought it would be. I was able to get a bank account and begin trading again as a sole trader. Although not ideal, I have the chance to rebuild a business and make a second go.

North_East_Derbyshire_CAB

Hi

A bit of good news for the Royal British Legion and CAB

http://www.britishlegion.org.uk/about-us/media-centre/news/poppy-support/legion-money-advice-service-scoops-top-award

If you are eligible, the Royal British Legion, amongst other types of assistance, may be able to help with bankruptcy costs and fees.

NED-CAB

fermi

Thanks for that.

North_East_Derbyshire_CAB

Hi

You are welcome fermi

NED-CAB

skintidiot

Thanks for all the info, stopped me sending some money to Baker Evans today. Just a quick one, on the online forms am I ok actually deleting the parts which don't apply or do I have to use strikeout? Also on this bit
[FONT=&quot](ii) I have not (f) [made a composition with my creditors in satisfaction of my debts] or (f) [entered into a scheme of arrangement with creditors] (S16 BA1914)[/FONT]
OR

[FONT=&quot]On (j) I (f) [made a composition] [entered into a scheme of arrangement] with my creditors.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot](iii) I have not entered into a voluntary arrangement[/FONT]
[FONT=&quot] [/FONT]
I was on a debt management plan with CCCS, would that be a yes and if so how do I word it?

Thanks