Going bankrupt had cccs interview yesterday

single+2angel

Hi!
I had an interview yesterday with CCCS and they advise me to go bankrupt .I have debt around 18.000 pounds.( CCs and 2 loan+1 overdraft) I have to fill in a form for petitioning bankruptcy in HCJ London. If somebody could give me some pointers, I would be really happy as have not got a clue about where I should begin. .I read this forum for a long time now and I am really thankful for all the posts and answers. I am in the process of doing an SOA. If I would post it would somebody help me go through it, please?
[FONT=&quot]Thank You[/FONT]

skylight

Pop your SOA here and of course, we can take a look at it for you.

With regards to the forms, I personally would dump the hard copy and do them online instead (https://www.insolvency.gov.uk). You need to register, but dealing with them online is much, much easier. They are easier to understand and you can save and come back as often as you like. Everything is laid out in sections then prints it off in the right way compared to the actual forms.

single+2angel

Thanks for taking the time and helping me.So here it is, My brain is completly blank so ask away, if need more detail.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Benefits................................ 744
Other income............................ 0
Total monthly income.................... 744

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 80
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 68

Telephone (land line)................... 60
Mobile phone............................ 15
TV Licence.............................. 22 5.50/week cash easy entry card
Groceries etc. ......................... 300
Clothing................................ 60

Other travel............................ 25
Childcare/nursery....................... 0
Other child related expenses............ 20 class fund, school trips
Medical (prescriptions, dentist etc).... 7 special glasses not covered by nhs

Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
allotment............................... 5
Total monthly expenses.................. 662 so funny I never had any money left over, what am I missing?

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured Debt

Unsecured Debts
Description....................Debt
[FONT=&quot]overdraft NW...................2500
loan NW........................5788
loan NW........................4253
atlantic electricity...........204 not really a debt as I paying by DD
argos..........................295 not really a debt as BNP later 02/2009
grattan........................145
virgin media...................280
monument cc....................1800
halifax cc.....................2300
capital one cc.................400
Barclays cc....................320

[/FONT]
[FONT=&quot]Total unsecured debts..........18285[/FONT][FONT=&quot]




Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission[/FONT]

[FONT=&quot]I am a single mum of a 7 years old girl and an 8 weeks old baby boy. I receiving Income support and child benefit, no Child Support. No child tax Credit. Apparently I am not entitled. I live in a council flat in London.[/FONT]

[FONT=&quot]No savings,nor insurances.
Thanks.
[/FONT]

skylight

My first question is going to be, why are you not entitled to tax credits??? Are you getting income support for the children then???

Did you claim the £500 sure start maternity grant?

tigerfeet2006

Links to the online forms coutesey of Fermi's Useful information sticky.


Completing the bankruptcy petition and Statement of Affairs.

Complete the forms online (registration required)

Debtors Bankruptcy Petition (form 6.27) - pdf version / MS Word version

Debtor's Bankruptcy Petition 6.27 Example (Thanks to NE Derbyshire CAB)

Statement of Affairs (Debtor's Petition) (form 6.28): pdf version / MS Word version

Statement of Affairs (Debtors Petition) Guidance Notes: pdf version / MS Word version

Statement of Affairs (Debtor’s Petition) 6.28 Example (Thanks to NE Derbyshire CAB)

single+2angel

Offered token payments to credit card companies, no reply, except from halifax who told me to go to a warmer place. hehe( not exactly word by word).
When I contacted Natwest and asked help from them, they offered me another loan to help me out!!!??? consolidate the overdraft and loans from them (around 11000 and pay back 17.5 k in 5 years) I got the 2nd loan from them for exactly the same purpose with 17.9% APR in 2007.Now I said no , so they freeze my current account and put there hands on my Income support to cover the loan repayments. 2 weeks I had no money not even for nappy or formula milk for the baby. had to ask money from friend. I had IS people pay my IS by Giro after that. Opened a Post office account already and applied for cashminder account from Co-op.

peachyprice

Hi Single,
Your I&E looks fine, but the Argos debt will go into bankruptcy, it doesn't matter that it's BNPL, it's still credit that will have to go, as will the Atlantic arrears.

HTH

single+2angel

Skylight: Apparently my IS is paid from my CTC amount with nothing left. Tax people explained this 3 weeks ago when I tried to apply for it.
tigerfeet2006: Thank you for the links, I downloading them now.

fiveyearplan

Hi Single - Well done with your SOA, the only things that stick out to me are the phone, I think £60 is the max for landline and mobile and the class fund at school should be optional. If you're on IS you shouldn't be paying it. Does your home not use gas? To balance that out you should put down something for haircuts and holiday/Christmas as that is usually allowed.

skylight

Your SOA does look fine. The utility one will go down a bit after BR as mentioned, this debt needs to be included in your BR forms. As does the Argos one. At least once you have gone BR and the utility is sorted, you can check out other suppliers and get a better deal!

I had to ask about the CTC, as we all know mistakes can happen and in some circumstances (as in your case) they do pay for the children via income support rather than CTC.

But have you claimed the sure start maternity grant for your latest baby? If not then you need to do that ASAP. as you only have a few weeks left before you cannot claim. At least it will help with your BR fees. Your court fees can be waived as you are on income support, but you will need proof - such as a letter about your entitlement, dated within one month of your BR. Otherswise you cannot claim the wiaver on the day and need to pay up and claim it another day.

tigerfeet2006

single+2angel wrote: »

Thanks for taking the time and helping me.So here it is, My brain is completly blank so ask away, if need more detail.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Benefits................................ 744
Other income............................ 0
Total monthly income.................... 744

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 80
Management charge (leasehold property).. 0
Council tax............................. 0 Do you not pay this?
Electricity............................. 68

Telephone (land line)................... 60 This will probably be cut. Maybe drop this slightly and put it on the mobile.
Mobile phone............................ 15
TV Licence.............................. 22 5.50/week cash easy entry card You have to put this down as £12
Groceries etc. ......................... 300
Clothing................................ 60

Other travel............................ 25 Is it really this low?
Childcare/nursery....................... 0
Other child related expenses............ 20 class fund, school trips you can allow £5 per week for childrens clubs/activities ie swimming.
Medical (prescriptions, dentist etc).... 7 special glasses not covered by nhs Do you pay for prescriptions? Dentist? Opticians?

Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 £10 per adult £5 per child
Entertainment........................... 0
Holiday................................. 0 £30
Emergency fund.......................... 0
allotment............................... 5
Total monthly expenses.................. 662 so funny I never had any money left over, what am I missing?

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured Debt

Unsecured Debts
Description....................Debt
[FONT=&quot]overdraft NW...................2500
loan NW........................5788
loan NW........................4253
atlantic electricity...........204 not really a debt as I paying by DD This will be put into your BR. Make sure you don't continue to pay when you are BR.
argos..........................295 not really a debt as BNP later 02/2009 This will go into your BR.
grattan........................145
virgin media...................280
monument cc....................1800
halifax cc.....................2300
capital one cc.................400
Barclays cc....................320

[/FONT]
[FONT=&quot]Total unsecured debts..........18285[/FONT][FONT=&quot]




Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission[/FONT]

[FONT=&quot]I am a single mum of a 7 years old girl and an 8 weeks old baby boy. I receiving Income support and child benefit, no Child Support. No child tax Credit. Apparently I am not entitled. I live in a council flat in London.[/FONT]

[FONT=&quot]No savings,nor insurances.
Thanks.
[/FONT]

Hope some of that helps you.