Ask a CCCS counsellor a bankruptcy question

danjaq2004

Hi,

Thanks for your comments, yeah I agree she has to give the facts/official line.

Anyone know a quick way of saving the £450 ... I am looking for work everyday and struggling?

Cheers.

debtinfo wrote: »

I think CCCS sue is quite rightly only going to give you the official correct advice which is all pre bankruptcy accounts may be closed by the OR. In practice most people wh have a c-op cashminder before bankruptcy are able to carry on using it without it being frozen

bat-out-of-hell

debtinfo wrote: »

I think CCCS sue is quite rightly only going to give you the official correct advice which is all pre bankruptcy accounts may be closed by the OR. In practice most people wh have a c-op cashminder before bankruptcy are able to carry on using it without it being frozen

Unless you live in Brighton, where that OR office has an history on insisting they are closed for some reason.

Wonder if it has anything to do with the fact LTSB's [STRIKE]threat[/STRIKE] collection centre is based in brighton, together with a few other smaller debt collection companies :think:

danjaq2004

It's forums/threads such as these that help people make informed decisions and help provide people with support.

We all owe Sue our gratitude for her advice and time to answer our questions. Thanks Sue

debtinfo

bat-out-of-hell wrote: »

Unless you live in Brighton, where that OR office has an history on insisting they are closed for some reason.

Wonder if it has anything to do with the fact LTSB's [STRIKE]threat[/STRIKE] collection centre is based in brighton, together with a few other smaller debt collection companies :think:

History being the operative word, in recent times they seem not to be doing this and falling into line with the national standard

Stayathomemom_2

Hi, just wondering if we go bankrupt and we are able to keep the house, can the secured loan that is attached to the mortg be included in the bankruptcy or would we need to keep paying that as well as the mortg?

JCS1

Stayathomemom wrote: »

Hi, just wondering if we go bankrupt and we are able to keep the house, can the secured loan that is attached to the mortg be included in the bankruptcy or would we need to keep paying that as well as the mortg?

The secured loan and mortgage would not be covered by the BR and would still be payable.

If you decided to hand back the property though, then the secured loan and mortgage would become unsecured debt when the property is repossessed and then becomes included in the BR.

evenstar2009

I've recently gone BR and have had my OR interview etc and got the IPO and IPA calculations through and i'm a bit confused by how they've managed to get a disposable income figure of nearly £500. The reason i had to go BR was because i was having difficulty in meeting the £300+ repayment figure per month and now its even higher. They are also going to take the income tax figure direct from my wages so in all my creditors will be getting a share of over £900 per month which is 3 times higher than what they were getting. Admittedly it will take 3 yrs instead of 7 to sort the debt out but this just doesn't seem right to me?
Also if i have a large expense to cough up for like car repairs (last year i spent over £500 on maintenance costs) or the boiler blows up I'm stuck.
I noticed that when they listed my total income they put it as net value and didn't include the fact that Nat Ins comes off that which is nearly £250.
I worked it out in great detail and my disposable income each month is £150 not £489 so something is really wrong here. If i did have a disposable income of nearly £500 p/m i'd be pretty pleased and also i wouldn't have gone BR in the first place. I'm just worried now that i won't be able to make the first payment and then they'll be taking me to court over failure to pay - can anyone advise?

:eek::eek:

philnicandamy

Evenstar 1st thing you need to do is contact the receiver who deals with your case & ask for a FULL breakdown of figures how they reach the IPA payment they request

the whole idea of an IPA is both sides have to agree not just them...query it soon as you can & you'll find its probably a mistake

evenstar2009

thanks yes i think there's a serious mistake somewhere in their calculations! I know they've missed off the Nat Ins from it and also nearly £300 for childcare fees that i pay which is quite a substantial couple of figures to miss out!

;0)

debtinfo

Have a llokat your SOA, have you put your income with or without the NI, also did you put the hildcare fees down on your forms