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Bankrupt more than once?

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JLBarber
JLBarber Posts: 9 Forumite
in Bankruptcy & living with it
I was bankrupt in 2005 & it is looking that I may have to go bankrupt again very soon (booked an court appointment for 28th May). Will the courts reject my application because of the time period? I can ill afford the £510 fee to go bankrupt as it is & do not want to pay the fee unless there is a good chance that they will make the bancrupcy order.
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Comments

  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I doubt they will reject it, but be prepared for a grilling by the OR and a face to face interview.
    Accept your past without regret, handle your present with confidence and face your future without fear
  • skylight
    skylight Posts: 10,716 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Home Insurance Hacker!
    If your are insolvent, then thats that. But as peachy has mentioned, expect a real through going over by the OR (financially speaking, not the knuckledusters!), a face to face interview and possibly a BRU.
  • Merlinexcalibur
    Merlinexcalibur Posts: 1,699 Forumite
    Just a thought ... what if their debt was less than £15000? Would a DRO be affected if they had previously gone BR? As they said they couldn't afford the fees for BR? I am speaking hypothetically here as the OP hasn't said how much the debt is? And if it is less than £15000 would a DRO be better.
    Any help, opinions, views I may hold those are my own. Respect them as you would expect the same in return. Offered freely, is gleaned from a lifetime of experiences, knowledge gaining. Passed on to benefit others. I may be direct, ask you questions but those are to help you. Up to you if you choose to take it. I won't judge you either way.
  • Queen
    Queen Posts: 788 Forumite
    Can I ask is this due to taking further credit out after you were BR first time round or is this due to property?
  • JLBarber
    JLBarber Posts: 9 Forumite
    The debt is £23K there or there abouts. Whats a DRO & OP (sorry if i sound thick)?
  • Merlinexcalibur
    Merlinexcalibur Posts: 1,699 Forumite
    Then it won't apply ... I'll let someone else explain the commonly used abbreviations.
    Any help, opinions, views I may hold those are my own. Respect them as you would expect the same in return. Offered freely, is gleaned from a lifetime of experiences, knowledge gaining. Passed on to benefit others. I may be direct, ask you questions but those are to help you. Up to you if you choose to take it. I won't judge you either way.
  • elfieb
    elfieb Posts: 530 Forumite
    Merlinexcalibur wrote: »
    Just a thought ... what if their debt was less than £15000? Would a DRO be affected if they had previously gone BR? As they said they couldn't afford the fees for BR? I am speaking hypothetically here as the OP hasn't said how much the debt is? And if it is less than £15000 would a DRO be better.

    cant apply for a DRO if you have been declared bankrupt in the last six years, not that it would matter in this case as the debt is larger than £15k
    I used to be Snow White, but I drifted.
    Mae West
  • elfieb
    elfieb Posts: 530 Forumite
    JLBarber wrote: »
    The debt is £23K there or there abouts. Whats a DRO & OP (sorry if i sound thick)?
    DRO - Debt Relief Order
    OP - Original Poster
    I used to be Snow White, but I drifted.
    Mae West
  • Merlinexcalibur
    Merlinexcalibur Posts: 1,699 Forumite
    Yes, said it wouldn't.
    Any help, opinions, views I may hold those are my own. Respect them as you would expect the same in return. Offered freely, is gleaned from a lifetime of experiences, knowledge gaining. Passed on to benefit others. I may be direct, ask you questions but those are to help you. Up to you if you choose to take it. I won't judge you either way.
  • JLBarber
    JLBarber Posts: 9 Forumite
    Queen,

    I had to get finance for reliable cars for work, the figure I stated is the interest outstanding only. I have already paid back the cost of the cars within the repayments I had made. I was taken advantage of as they knew I couldn't get finance elswhere & needed a car desperately for a new job.
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