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Bankruptcy Fees Help!!!!
Comments
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nataliekara123 wrote: »Link is broken
Now fixed, sorry:o:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Well... in general if you take out a loan knowing full well you can't pay it back it's fraud surely. I'd be amazed if you could put the fees on a credit card.nataliekara123 wrote: »Ok so getting a PayDay loan is classed as fraud but putting the fees on a credit is not???Total 'Failed Business' Debt £29,043
Que sera, sera.
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I have heard people say to put the fees on a credit card, surely its the same????Freemans = £450, Alliance & Leicester Overdraft £275.00, Vanquis Credit card = £850 :mad: Second job = £200 per month.0
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No because with a pay day loan you are taking out new credit with no intention of paying it back. If you take money off a credit card that you already have you are using credit currently available to you!:AWhatever it is - I didn't do it!:A0
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I have heard of people putting it on to an existing card (though I would not recommend it) but never heard of someone applying for a new card to put the fees on. IMHO it is a definite no no.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Hi
I've heard of people getting a budgeting loan or community care grant to cover bankruptcy fees. His local Parish council sometimes have funds to help parish members, failing that could he not borrow it from friends/relatives.
How much does he owe? If its less than £15k and he has assets of £300 or less and a car worth less than £1k, doesn't own his own home, doesn't have a pension pot and has less than £50 per week surplus income he may be eligible for a debt relief order which costs £90 and can be paid in instalments via pay zone.
just a thoughtThe Cabbage
Its Advice - Take it or Leave it:D0 -
Arrrgggghhhh! Its so frustrating, nice to get advice from experts though :-)Freemans = £450, Alliance & Leicester Overdraft £275.00, Vanquis Credit card = £850 :mad: Second job = £200 per month.0
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Not something I'm come across myself and isn't acceptable by our local courts but may it vary from court to court. I would be very surprised if you were allowed to do that and if you did I'd imagine that the OR wouldn't be happy, same as if you were on a huge spending spree before going bankrupt, and it'd be highly likely they'd put a BRO in place.Total 'Failed Business' Debt £29,043
Que sera, sera.
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The trouble with bankruptcy is that the experience is basically down to the OR you have. Some are more lenient that others.Total 'Failed Business' Debt £29,043
Que sera, sera.
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Can i speak to an OR before going bankrupt?Freemans = £450, Alliance & Leicester Overdraft £275.00, Vanquis Credit card = £850 :mad: Second job = £200 per month.0
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