We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bankrupcy fees if you don't go bankrupt
BobProperty
Posts: 3,245 Forumite
Anyone know who pays what? Let me explain. If a creditor petitions for bankruptcy they pay £300 (?) for the Receiver's up front fee and £160 (?) court fee. What happens if the debtor agrees a deal to pay the debt without going bankrupt? (Obviously a judge isn't going to go the bankruptcy route if a deal can be made) Is there an automatic arrangement over the fees e.g. debtor pays court fee or is it all up for negotiation?
I'm partly asking this as I was lead to believe that in the case of a County Court debt the court fee is added to the debt (assuming the plaintiff wins the case against the debtor), but I don't know the situation for bankruptcy.
I'm partly asking this as I was lead to believe that in the case of a County Court debt the court fee is added to the debt (assuming the plaintiff wins the case against the debtor), but I don't know the situation for bankruptcy.
A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.
0
Comments
-
i have no idea!
but these websites might help -sorry if you've already tried them!
http://www.insolvency.gov.uk/
http://www.hmcourts-service.gov.uk/
good luck, x0 -
Unfortunately they don't tell me what I want to know. Most of it is either court sittings/processes or what happens after. I might just phone them up and ask if there is a set procedure in these circumstances.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
The court fee isn't added to the debt if you are made bankrupt. After all, what would be the point?0
-
Conor wrote:The court fee isn't added to the debt if you are made bankrupt. After all, what would be the point?
I think the receivers fee is but that wasn't what I was after. I was after what happens if the debtor agrees a deal to avoid bankruptcy. Is is normal to include the court and receiver fees in the settlement? Is that accepted procedure or is it all up for negotiation?A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards