Has any one ever been sponsered for the BR Fee?

silent_night

Hi,
I'm new to the site and have been having a read.
thanks to all who give there help and support.

I was wondering if anyone has had /or knows about being sponsored by a company such as water board who then pay the bankruptcy fee for you.
Hubby and I have been advised to go BR but never have been able to afford the fees, obviously I have to pay a fee and so does hubby.
We just don't have the income to save for it.
I work part time and he works full time. We don't have luxuries we don't go on holiday.
We have a son and daughter.
I just can't see that we will get the cash together. We live week to week. Hopefully you get the picture.
i heard once that some companies will pay if you can show you don't have the cash.
National debt line told me this too,
I would be interested if anyone new about it.
thanks for reading this.:)

fiveyearplan

Hi Silent night and welcome!

I think there were 2 people on here over the past year who were successful in getting a grant from the water board but I can't remember who they were.

Is there something you could sell, ebay, car boot? You have stopped paying all non-priority bills haven't you?

silent_night

Hi and thanks for your reply.
Oh yes had to stop paying along time ago.
I have had a CCj awrded against me.
Hubby and I have defended a court claim on overdraft which had alot of bank charges. hadn't reclaimed as I didn't have internet and thought because we had defaulted we could reclaim the charges. Any way that has been stayed.
We have some other debt that we just try and pay £1.00 a month to.
Your reply about thr grant is as I expected. Nat debt line said we could get it paid but when I spoke to the water board they said its something they cannot afford, how ever they were nice which eased the situation.
I just can't ever see away of raising the cash.
thanks for quick reply, much appreciated.

Ps I sell on ebay and use the cash i get to buy clothes for kids from ebay.
We have nothing to sell.
Cheers SN.

dvs

If your debts are less than £15,000 each then you could consider Debt Relief Orders which are due to start in April. They cost £90.

debt_doctor wrote: »

Hi all, and a very happy new year to everyone.:beer:

Just a reminder to look out for those who may benefit from the new debt relief orders ( DRO) coming in to force in April this year. There is info on the net but these are the main practical features;

Total debt must be no more than 15k

Must not be a homeowner ( not even with neg equity)

Assets must be below £300 although a vehicle upto £1000 is always exempt.

Disposable income ( after all reasonable expenses) of £50 or less. ( No provision of IPA's )

ONLY the debts listed will be wriiten off. If a debt comes to light that pushes over the 15k limit then the order will be revoked.

The conditions regarding restrictions on employment, borrowing, trading whilst undischarged are all the same as BR.

Debts that can go in to BR can go in to a DRO.

If applicants conditions improve then s/he is expected to pay towards their debts.

No early discharge.

MAIN ADVANTAGES;

There is no involvment of the court.

The cost is £90, and is expected to be able to be paid in instalments through paypoint outlets.

There is no local newspaper advert ( not sure about london gaz) DRO info is available on insolvency service web site.

You must apply through an intermediary ( CAB, CCCS, NAT DEBTLINE ETC) so advice must have been taken. Intermediary will asist with application, which is on line only. No fee can be charged by any intermediary.

My thoughts;

Are that most will be excluded via the 15k ceiling. Definately not suitable for someone in possession proceedings who may expect mort shortfall. Those applying must be certain about what they owe and who to. (biggest practical problem I think)

Useful for non home owners, with comparatively low debts who struggle to find the £345 + for BR.

DON79

Hi Silent night - something that I found out about recently was that my union for work does have a benevolent fund which it can make grants from. If you are a member of a union, why don't you see if they offer something similar? I don't know if my union fund would have given me money for BR fees but it could be worth a try if either of you are in a union?

Maybe you could approach them with the view to getting help with one months mortgage/rent payment which would then allow you to save the mortgage/rent payment towards the BR fees?

Sorry if this is a bit of a ramble and doesn't make much sense.

Donna

silent_night

Hey,
thanks for that, I actually read about that months ago in a supplement from a newspaper.
i had totally forgetton about that.
Something to look into there then.
I want my life back, clean slate.
I need to go have a bath, May be good for hubby and me, his debt is just under 15 g and mine definately is.
Do you know where I can get any more info on this?
i feel a little better, I look forward to researching this. I had totally forgotton that i had read about it, wow thanks.

silent_night

Hi Don,
I am in union, but I doubt it not for BR, but hey its something i never thought of, I could enquire, cheers.

silent_night

DVS, Hi again,
sorry I just saw your link at the top of your post sorry, I asked do you have any more info and A LINK WAS SITTING THERE.
IF ITS UP AND RUNNING NEXT MONTH THEN SURELY NATIonal debt line will be able to offer help with this subject,
sorry aboput caps, I hit the caps lock.