where do i start?

kduffy101

hi all.
ok here i go....i have about £20000 on cards+£15000 on loans.just split from wife+the house went up for sale today.(we owe £100000.might get that+pay of mortgage).
im in scotland,i think+hope BR is for me.
ive been reading a lot about this on here,but ive not been taken notes,so can anyone tell me,
1.how do i start to go BR?
2.who do i call first?
3.when do i tell my creditors?
4.what forms do i fill in?
5.can i get them from this site?
ive not missed any payments yet,but as of next month im only go to pay some of them.
we have agreed to pay mortgage untill house is sold.
i will be moving in with my sister.
(council house).
all this is putting a lot of stress on me,i hope there is light at the end of the tunnel..
thanks inadvance.

philnicandamy

Advice on bankruptcy in scotland.

• Consumer Credit Counselling Service (Scotland) - Website: CCCS Telephone: 0800 138 3328
• National Debtline (Scotland) - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)

Others:

• Business Debtline Scotland - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

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Accountant in Bankruptcy (equivalent of the English Insolvency Service).

Main website: www.aib.gov.uk

For general queries about insolvency (but not debt advice) you can contact: General helpline - Tel: 0845 762 6171 - Email: [EMAIL="Helpline@aib.gsi.gov.uk"]Helpline@aib.gsi.gov.uk[/EMAIL]

Bankruptcy

Low Income Low Assets.

Debt Arrangement Scheme

Trust Deeds


Bankruptcy after 1 April 2008

• DAIP - Debt Advice and Information Pack
• Debtor's Guide
• Creditor's Guide
• Bankruptcy Restriction Guide
• Trust Deeds Guide

Bankruptcy before 1 April 2008 (follow for links)


National Debtline Factsheets (Scotland)

• Bankruptcy
• Credit reference agencies
• Debt Arrangement Scheme (DAS)
• Debt management plans
• Enforcing a debt against you by diligence
• Fines in the district & sheriff courts
• Harassment
• Homeless - what should I do?
• How can I complain about my lender?
• How can my landlord end my assured tenancy?
• How to avoid debt at christmas
• How to deal with business debts
• How to deal with Hire Purchase debt
• Liability for debts & the Prescription & Limitation (Scotland) Act 1973
• How to make offers in full & final settlement
• Mortgage shortfalls
• Negative equity - What can I do if I want to move?
• Recall of decree
• Recovery of council tax
• Time orders
• Time to pay directions & orders
• Trust deeds
• What happens when a creditor takes court action against you?
• What if a creditor refuses my offer of payment?

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maxmycardagain

1.how do i start to go BR?
2.who do i call first?
3.when do i tell my creditors?
4.what forms do i fill in?
5.can i get them from this site?
6. ive not missed any payments yet,but as of next month im only go to pay some of them.
we have agreed to pay mortgage untill house is sold.

1. Nothing....just go BR asap
6. Strange course of action, if you have equity the OR will snatch it, if you have no equity but have decided to leave, why pay?
and why pay "some", these could be seen as "preferential creditor payments" and snatched back...

Once you have decided BR is the only way forward you may as well cease all payments and save the money for after

kduffy101

the debt is all in my name,the mortgage is joint,thats why we will keep paying it till its sold,
its on the market for OFFERS AROUND £110000.
if we got this amount there would be about £8000 between us after all bills to do with selling house+mortgage are paid,im thinking about going BR in the next 3 or 4 months,hopefully house will be sold by then.any profit i recive will go towards BR fess+renting accomodation.
thanks

maxmycardagain

your half of the Bi /Equity is a goner if you go BR, assuming you CAN sell it...