How When Why What???

Neff_2

Hi hope someone can help, been here before,
but stuck my head in the sand.
I know I owe £26,000 ish but cus ive moved and moved and moved,
not told anyone ive moved, ignored it all...
i have no idea who I owe and how much.
But one of them caught up with me and i got letter in post today.
So im gonna have to go BR
But how when i have no clue what?
Im a single working mum, not alot of pennies left after i pay bills,
so how do I pay for BR?
Thanks

skylight

You will have to save up for the BR costs. You may get the court fees waived (£150ish) if you are on a low income but the remainder will have to be paid. (£375ish - cannot remember)

Some charities used to offer grants for BR, but thats as rare as hens teeth these days.


Check out your credit reports on Experian and Equifax (£2 each or a free trial, remember to cancel the free trial) to see whats listed. This is not a definitive list of whats owed but should help. Anyhow, all debts are included in your BR petition whether you list them or not (barring the ones that are not included like student loans and CSA debts etc).


Have you taken advice about your BR? Call CCCS or Payplan - you need to weigh up the potential loss of assets.

Neff_2

I did a credit check thing and it didnt show any debts!!!
I have no assets, I rent, car has 170,000 on clock so worth nowt.
And i just bought a tv of ebay for 99p cus mine blew up!!!
Im second hand gal!!

LeeSouthEast

Do you really mean £26, or £26k ?

You need to owe a minimum of £750 to one lender before they can make you go bankrupt. I would seriously look into other options before you commit to it. It isn't cheap, and is only a 'last resort' really. Speak to one of the debt charities or the CAB for more advice.

Neff_2

£26,000
Ive been needing to go BR for the last 4 years!!!!!
Its just that ive moved lots and kept my head in the sand.
This isnt done lightly, but there is no other way....

LeeSouthEast

Just checking. £26 can be a debt mountain to some people.

blind-as-a-bat_2

And how long since you 'acknowledged' the debt, in writing, it’s a long shot, but if it is six years or more..............

Neff_2

'acknowledged the debt

What exactly does that meean?
Sorry the brain is shot atm!!
Not a good day to give up booze!!!

theoretica

If it has been 6 years or more (5 in Scotland I think) since you acknowledged the debt, which means you either paid anything towards the debt or communicated about it - arranging to pay, or postpone payments, or telling them you have moved- then the debt may be what is called 'statue barred'. This means that they cannot take you to court to recover the money, and can't do anything other than hope you don't know this rule.

If this may be the case do not respond to the letter you have got and someone here will point you to a form letter where you ask them to prove that you owe the money and it is not statute barred.

Neff_2

Last time I paid any of the debt colletion agencies was a year ago.
So 5 years short i guess, thanks anyway...