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pls check reasons for bankruptcy
larzie30
Posts: 233
Forumite
I have drafted my reasons for bankruptcy and looking for some advice, is this enough too much etc.
Over the last 2.5 years I have had several changes in circumstances, which have led to my current position. Those changes are as follows:
July 2007 – Breakdown of my marriage, at which time I returned to live with my parents but continued to contribute to the former marital home, to give my ex-husband the opportunity to adjust to the financial changes as he wanted to keep on the house. We agreed that he would take on responsibility for the joint loan, which was secured on the house, and all of the bills associated with the house. He also stated that he would start divorce proceedings.
Jan/Feb 2008 – Opened my own bank account as relations with my ex husband broke down further as he refused to take on the joint loan, start divorce proceedings or allow me access to the former marital home.
July 2008 – Upon finding out that ex-husband was following me and sending me nasty texts and e-mails, I decided to commence divorce proceedings in the hope that this would stop. Initial outlay £300, with monthly payments of £150.
October 2008 – After my ex-husbands non-compliance with divorce proceedings and refusal to go into mediation, I commenced financial proceedings, further outlay of £210.
December 2009 – I got a new job in work, which was a promotion but as I lost my shift allowance ended up being less money. Also additional travelling costs as this job is 30 miles from my home and incurs a tunnel fee of £2.80 daily. Also went from uniform to plain clothes to incurred extra cost here too.
January 2009 – First appointment at Court reference the financial proceedings, ex-husband did not turn up, half costs of the appointment were awarded to me and a court order issued stating ex must attend a further first appointment.
March 2009 – Decree Nisi granted ex husband ordered to pay half costs of divorce.
March 2009 – Found out that ex husband had not being paying his half of the joint loan. And that he had not taken me off the joint bank account. Also found that he had not changed the details of a mobile phone that he possessed which was in my name – nor had he forwarded any bills. I paid this account £156 with my credit card.
April 2009 – Adjourned First Appointment at court, again ex did not turn up Judge ordered that the former marital home be sold and that any shortfall in monies owing should be the sole responsibility of ex husband and that he should indemnify me of this.
April 2009 – I took a loan to consolidate my credit card debt.
June 2009 – I obtained access to former marital home, found out ex husband had removed all of the items of value and left a huge mess, also found opened mail which indicated that the mortgage (solely in ex husbands name) had not been paid since January and that Northern Rock were to commence repossession proceedings. Telephoned solicitor for advice and this was the point that I found out that the court order passed in April would not protect me from my ex husbands refusal to pay any bills or court costs, also found out about a further account in my name which should have been changed.
This is when my financial difficulty really started. Over the period of the divorce money has been tight and I have been putting some of my living expenses (eg petrol and groceries) and luxuries on my credit card, I had thought that when the divorce was finalised and the house sold that I would have an extra £300 per month to add to my living expenses and try to pay off some of the debt. However as my ex husband has just refused to reply to anything the house has now been repossessed and I find myself in a huge amount of debt, which is getting worse each month, as I am not able to manage it. Following advice from CCCS I have discovered with regret that bankruptcy is my only viable option.
If you got this far thanks for reading and any advice appreciated.
Larz
Over the last 2.5 years I have had several changes in circumstances, which have led to my current position. Those changes are as follows:
July 2007 – Breakdown of my marriage, at which time I returned to live with my parents but continued to contribute to the former marital home, to give my ex-husband the opportunity to adjust to the financial changes as he wanted to keep on the house. We agreed that he would take on responsibility for the joint loan, which was secured on the house, and all of the bills associated with the house. He also stated that he would start divorce proceedings.
Jan/Feb 2008 – Opened my own bank account as relations with my ex husband broke down further as he refused to take on the joint loan, start divorce proceedings or allow me access to the former marital home.
July 2008 – Upon finding out that ex-husband was following me and sending me nasty texts and e-mails, I decided to commence divorce proceedings in the hope that this would stop. Initial outlay £300, with monthly payments of £150.
October 2008 – After my ex-husbands non-compliance with divorce proceedings and refusal to go into mediation, I commenced financial proceedings, further outlay of £210.
December 2009 – I got a new job in work, which was a promotion but as I lost my shift allowance ended up being less money. Also additional travelling costs as this job is 30 miles from my home and incurs a tunnel fee of £2.80 daily. Also went from uniform to plain clothes to incurred extra cost here too.
January 2009 – First appointment at Court reference the financial proceedings, ex-husband did not turn up, half costs of the appointment were awarded to me and a court order issued stating ex must attend a further first appointment.
March 2009 – Decree Nisi granted ex husband ordered to pay half costs of divorce.
March 2009 – Found out that ex husband had not being paying his half of the joint loan. And that he had not taken me off the joint bank account. Also found that he had not changed the details of a mobile phone that he possessed which was in my name – nor had he forwarded any bills. I paid this account £156 with my credit card.
April 2009 – Adjourned First Appointment at court, again ex did not turn up Judge ordered that the former marital home be sold and that any shortfall in monies owing should be the sole responsibility of ex husband and that he should indemnify me of this.
April 2009 – I took a loan to consolidate my credit card debt.
June 2009 – I obtained access to former marital home, found out ex husband had removed all of the items of value and left a huge mess, also found opened mail which indicated that the mortgage (solely in ex husbands name) had not been paid since January and that Northern Rock were to commence repossession proceedings. Telephoned solicitor for advice and this was the point that I found out that the court order passed in April would not protect me from my ex husbands refusal to pay any bills or court costs, also found out about a further account in my name which should have been changed.
This is when my financial difficulty really started. Over the period of the divorce money has been tight and I have been putting some of my living expenses (eg petrol and groceries) and luxuries on my credit card, I had thought that when the divorce was finalised and the house sold that I would have an extra £300 per month to add to my living expenses and try to pay off some of the debt. However as my ex husband has just refused to reply to anything the house has now been repossessed and I find myself in a huge amount of debt, which is getting worse each month, as I am not able to manage it. Following advice from CCCS I have discovered with regret that bankruptcy is my only viable option.
If you got this far thanks for reading and any advice appreciated.
Larz
Bankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.
0
Comments
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Your reasons are your reasons whether they are good, bad or ugly. The only real guide to filling this section in is that the more information you give the less they have to ask later and so a shorter inteview as the examiner can prepare better before hand. In your case you seem to have explained everything quite wellHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
I have drafted my reasons for bankruptcy and looking for some advice, is this enough too much etc.
Over the last 2.5 years I have had several changes in circumstances, which have led to my current position. Those changes are as follows:
July 2007 – Breakdown of my marriage, at which time I returned to live with my parents but continued to contribute to the former marital home, to give my ex-husband the opportunity to adjust to the financial changes as he wanted to keep on the house. We agreed that he would take on responsibility for the joint loan how much?, which was secured on the house, and all of the bills associated with the house. He also stated that he would start divorce proceedings.
Jan/Feb 2008 – Opened my own bank account as relations with my ex husband broke down further as he refused to take on the joint loan, start divorce proceedings or allow me access to the former marital home.
July 2008 – Upon finding out that ex-husband was following me and sending me nasty texts and e-mails, I decided to commence divorce proceedings in the hope that this would stop. Initial outlay £300, with monthly payments of £150.
October 2008 – After my ex-husbands non-compliance with divorce proceedings and refusal to go into mediation, I commenced financial proceedings, further outlay of £210.
December 2009 – I got a new job in work, which was a promotion but as I lost my shift allowance ended up being less money. Also additional travelling costs as this job is 30 miles from my home and incurs a tunnel fee of £2.80 daily. Also went from uniform to plain clothes to incurred extra cost here too.
January 2009 – First appointment at Court reference the financial proceedings, ex-husband did not turn up, half costs of the appointment were awarded to me and a court order issued stating ex must attend a further first appointment.
March 2009 – Decree Nisi granted ex husband ordered to pay half costs of divorce. cost?
March 2009 – Found out that ex husband had not being paying his half of the joint loan. And that he had not taken me off the joint bank account. Also found that he had not changed the details of a mobile phone that he possessed which was in my name – nor had he forwarded any bills. I paid this account £156 with my credit card.
April 2009 – Adjourned First Appointment at court, again ex did not turn up Judge ordered that the former marital home be sold and that any shortfall in monies owing should be the sole responsibility of ex husband and that he should indemnify me of this.
April 2009 – I took a loan to consolidate my credit card debt. how much?
June 2009 – I obtained access to former marital home, found out ex husband had removed all of the items of value and left a huge mess, also found opened mail which indicated that the mortgage (solely in ex husbands name) had not been paid since January and that Northern Rock were to commence repossession proceedings. Telephoned solicitor for advice and this was the point that I found out that the court order passed in April would not protect me from my ex husbands refusal to pay any bills or court costs, also found out about a further account in my name which should have been changed.
This is when my financial difficulty really started. Over the period of the divorce money has been tight and I have been putting some of my living expenses (eg petrol and groceries) and luxuries on my credit card, I had thought that when the divorce was finalised and the house sold that I would have an extra £300 per month to add to my living expenses and try to pay off some of the debt. However as my ex husband has just refused to reply to anything the house has now been repossessed and I find myself in a huge amount of debt, which is getting worse each month, as I am not able to manage it. Following advice from CCCS I have discovered with regret that bankruptcy is my only viable option.
If you got this far thanks for reading and any advice appreciated.
Larz
the OR likes costs & dates etc as previous poster has said the more info the better really....although you can risk too much info sometimesWe all die. The goal isn't to live forever, the goal is to create something that will0 -
thanks for the advice, joint loan 44.5k divorce costs, 4k and consolidation loan 10k.
Oh what a pickle i have got myself into. Have to declare all of this to my work as well, how humiliating.
L
xBankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.0 -
thanks for the advice, joint loan 44.5k divorce costs, 4k and consolidation loan 10k.
Oh what a pickle i have got myself into. Have to declare all of this to my work as well, how humiliating.
L
x
why would work have to know? unless it has an effect on your job they dont need to knowWe all die. The goal isn't to live forever, the goal is to create something that will0 -
I think you have covered most things. The nice thing about the OR is they dont judge or go into your private life. They will not want to make life hard for you, they are trying to make it easier.
They will only contact your employer if you do not help them when asked for payslips and information etc. Also some jobs you are not allowed to do when Bankrupt."Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00 -
In my role, I am required to notify them so it can be put on my file, but I will not lose my job. So while its humiliating at least I will keep my job. Thanks very much for the help. I am on the rollercoaster of emotions at the moment guilt and all of that, but I think I will pay alot of my personal debt (not linked to former marital home or divorce) by means of the IP, its the joint loan and legal fees that finished me off lol.
Well I guess you live and hopefully learn.
Thanks again
LarzBankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.0 -
don't feel guilty, it's not your fault the way things have turned out.
A
xLook down your nose at me and I thumb my nose back at you.
Bankrupt: 8th July 2009
Early Discharge: 19th Jan 2010
Proud BSC Member: 2780 -
Larz.....you have NO reasons for feeling guilty if anything you deserve a huuuuuge pat on the back for tackling your problems....its a hell of a rollercoaster ride for sure...BUT there will be an end to it all very very soon....
I really wouldnt worry about work....you'd be suprised how many more possible bankrupts work with you
and you can guarantee...once you go BR the ORs seen far far worse on a daily basis....We all die. The goal isn't to live forever, the goal is to create something that will0 -
thanks for your kind words guys. This forum is a god send and its so good to have support and for a virtual hand hold lol
Thanks again.
L
xBankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.0 -
thanks for your kind words guys. This forum is a god send and its so good to have support and for a virtual hand hold lol
Thanks again.
L
x
no worries.
it's brilliant here, i agree
:j jump if you think it's ace!Look down your nose at me and I thumb my nose back at you.
Bankrupt: 8th July 2009
Early Discharge: 19th Jan 2010
Proud BSC Member: 2780
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