What to do ?

Tixy

If these are for the debts above (ie for £7k and £5k) then they may well eventually decide to act and send court papers. I assume you still live at the same address? and they definitely have that address? (sounds like it but worth mentioning).
Only some people find out a CCJ has been granted at a previous address but they knew nothing about it as they didn't keep their creditors informed of the address change.

Do you have a strategy in place regarding these debts? Only if you are taken to court and have paid nothing its generally looked on a lot less favourably by the judge than if you had paid even token payments.

If you do get court papers through at any point then worth coming on here for advice at that time. Depending on how long the credit accounts have been opened you might also want to consider at that point requesting the CCA to see if it is legally enforceable (only if they have been open since before April 2007).

1066wasabadyear

CCCS advised bankruptcy which I duly set about starting but there was very little chance of obtaining the funds to pay, so I opted to let them pay for my bankruptcy perhaps they're struggling too !

Both cards were taken out in 1998 and I have ignored all letters and calls in the hope they'd do the court thing.

Tixy

Ah I see.

Have you considered a DRO (its much cheaper than bankruptcy and looks like you might qualify)

1066wasabadyear

Sorry, don't know what a DRO is.

NorthernLas

A DRO is a debt relief order (they are available in England and Wales). See info from national debt line

http://www.nationaldebtline.co.uk/england_wales/page.php?page=35_options_for_dealing_with_your_debts

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=37_debt_relief_orders

1066wasabadyear

Thanks.

Assets of £300 ? well I guess not many people qualify for a DRO, I have no income whatsoever so paying for anything is a no no.

Surely a few books, cd's and dvd's would push anyone over the £300 limit ?

podperson

I don't think they generally class small items like that as assets. It's more for things like cars, houses, maybe expensive electrical equipment such as large screen tvs, camcorders might be included at a push. Try speaking to one of the debt charities, they should have more detailed information on them.

Tixy

Podperson is right - this is a quote from fatbelly

fatbelly wrote: »

Here's the official guidance on household assets


Quote:
Please indicate whether the debtor owns any other assets that have a realisable value by selecting ‘Yes’ or ‘No’ as appropriate. These assets would include items that have a resale value (the total proceeds that the debtor would receive if they sold the goods) that would impact on the overall asset limit, but do not include basic household items such as cutlery, crockery, cookers, televisions, beds or furniture. Therefore assets with a realisable value may include for example shares, stocks, premium bonds, antiquities, or collections etc.

Intermediaries should exercise discretion when advising what household items should be classified as basic and therefore not requiring declaration as assets with realisable worth. Items of luxury should be included on the application form.

If the debtor does own other assets with realisable value, please select ‘Yes’. The form will then generate further mandatory questions.

5.7.1 Description
Please provide a description of the realisable asset, i.e. sufficient information for the asset to be identified and valued.


5.7.2 Value
Please provide what the debtor considers to be the value of the realisable asset in pounds. However, whilst this value will be taken as true and correct on application, the Official Receiver may make further enquiries into the value given. If it is found that the debtor did not provide accurate information in answer to this question, the DRO may be revoked and the debtor may face criminal and civil sanctions.

Please note: Assets purchased recently may well have not lost any value and could well impact on the asset limit of £300.

5.7.3 Any more?
If the debtor wishes to add further assets of realisable value, please select ‘Yes’. The realisable asset previously declared will then appear on the page, and the debtor will be able to complete the description and value fields for the second realisable asset. Please repeat this process until all the realisable assets are provided for.

Once all the debtor’s realisable assets have been included in the application, please select ‘No’. You may edit or delete any realisable assets added.

There is also a commentary box at the end of the Assets page. In this box, the debtor may wish to include any further comments as to their assets that they feel would be relevant to their application for a DRO. A debtor may for example wish to declare those assets that they believe to be of no realisable value. A debtor should also in this situation provide a reason as to why they believe this to be the case.

1066wasabadyear

18 months later....any ideas how long before court action is usually taken ?