Does this sound ok for reason for bankruptcy

betterlife2009

I never envisaged my life and sole trader business would go tits up:(

betterlife2009

Hi Pockettmoney

Pleased you got through today ok

geministar2008

i think calling the business debt line would be a good move as mentioned above they can probably advise you with more knowlodge.

It is not the end of the world. So many people go BR and for various reasons i am sure you did not envisage all these problems when you started out. It is not your fault! :-) Just think of your fresh start! The weight off your shoulders.

I had no idea the OR would pick up on my reasons for catalogue debt and thought nothing of my reasons. But so far everything is ok still.

tigerfeet2006

geministar2008 wrote: »

Betterlife do not panic. Every case is individual.

I am merely stating what i was told 3 weeks ago about my circumstances. I have not heard anything back from my OR so i presume perhaps everything is ok. And as my case stands on the insolvency site i am still listed to be discharged in 12 months time.

I am unsure as to what level of spending they would deem as high in these circumstances?

At the end of the day you have to focus on the reason you are going BR rather than anything to do with the length of time you may be BR for.
At the time and run up to my BR i couldnt of given a hoot if i was BR till the end of time. It was making me that ill and depressed.

I did not mean to make you feel like poop :-)

Whatever happens you will still be discharged after 12 months. A BRO/U just extends the conditions of your BR. In the time I have been on this board I have only ever seen one BRU.

I would stop panicing and just think that anything is better than the life you are living now. What's done is done, you can't change it but you can start making a better life for yourself with lessons learnt.

BDL link and number in my sig.

mlightbu

Hi

Firstly don't panic. What you need to remember is that the OR see's hundreds of cases like this all the time. Lots people will no doubt have done what you have. Always be honest in your interview with the OR and try to explain how you got into the mess. They are not as scary as they seem and they are human and understanding. I had a face to face interview and was terrified at first, but once the interview got underway it was fine, and I walked out of there feeling a huge weight had been lifted from my shoulders.

betterlife2009

What a fool i have been

All businesses buy on credit so i didnt think it was wrong

geministar2008

There is nothing wrong with a business buying on a credit card. That isn't a issue at all.

Please try not to worry as mlightbu stated the OR interview is no where near as bad as you might think i was terrified. But the lady was a normal person with alot of experience in the field of BR.

Just be honest and think to the future. Once you go to the court with your forms. YOU ARE BR and you will feel so much better regardless of what may or may not happen in relation to your case.

:-)

betterlife2009

Dont know what to do now

tigerfeet2006

File for bankruptcy and get a better life for 2009.

If you have taken professional advice then you have nothing to worry about.

betterlife2009

CCCS told me to file for bankruptcy but now very worried

Wondering now if I should push the token payments to my creditors