Bankruptcy costs

jjpb

i have been looking at going banckrupt, its a long story a failed business for which we had to go personal guarantors for.

I have found it hard to save up the money to declare myself bankrupt, can anybody recommend any other ways or funding to assist in this.

maxmycardagain

stop paying your debts and mortgage, you will soon have the fee

tmcd01

Firstly stop paying any unsecured creditors, that should save a bit also if you in reciept of certain benefits you can qualify to have the court cost of £150 paid for you. You still however need the £345.

Otherwise: Carboot?

sieve

maxmycardagain wrote: »

stop paying your mortgage

Don't do this if you intend to keep your house.

headoutofsand

Hi there. Have you got an OD and if you have, is it maxed out?

My business has gone bump (sole trader) I am now on the rock and roll, however I have maxed out the business OD for fees and other living exspenses. That is the only way apart from family lending me cash I could do it. I may have used the card if there was no other way.

Oh by the way folks. Should I take the discount form I got from the court to the benefits office on Thursday and will this cause any grief? BR date March 2 2009. 1.45pm

Please fire away with your questions and add more detail about your problems, so we know what's what.:j

tmcd01

I just had to take a copy of my benefit entitlement to the court with the form, but not sure about different courts.

headoutofsand

tmcd01 wrote: »

I just had to take a copy of my benefit entitlement to the court with the form, but not sure about different courts.

I thought the benefit people had to sign or write something. I can't remember what the form is called. It's small and official looking;) Now there's a first

philnicandamy

There are a number of charities that may help with bankruptcy costs and fees depending on eligibility (examples below)...BUT due to the increase in numbers of people filing for bankruptcy most of these trust funds are now refusing to payout for bankruptcy fees...worth a try applying though

• Severn Trent Trust Fund and other water trusts
• EDF Energy Trust
• Royal British Legion
• Some Trade Unions
  • Trades Union Congress
  • Union Finder from Worksmart
• Turn2Us enables you to search for charities

Please note you will usually need the assistance of a recognised Debt and Money Advice Worker in completing applications relating to the above.

philnicandamy

headoutofsand wrote: »

I thought the benefit people had to sign or write something. I can't remember what the form is called. It's small and official looking;) Now there's a first

Form EX160

Court fee remission and forms.

• HMCS - Court fees do you have to pay them? (And guidance on completing the fee remission form). (pdf)
• HMCS - Form EX160 - Application for a fee remission (pdf)
• Example application for a fee remission based on gross annual income - EX160 (Thanks to NE Derbyshire CAB)
• Example application for a fee remission based on permitted benefits - EX160 (Thanks to NE Derbyshire CAB)
• Possible assistance with Bankruptcy costs / fees (Thanks to NE Derbyshire CAB)