BR Reason? Is this ok?

dav_blackpool

Hi guys,

Thanks so much for everyones help in my other thread. Does anybody know if the following is acceptable for my reason for BR?

'I have become insolvent as I have overcommitted on credit agreements and hadn't managed my money effectively.
I originally obtained a personal unsecured loan to clear my credit card and catalogue debts, however once these were cleared I re-used my cleared accounts and accumulated another amount of debt on top of the loan amount.
Because of these extra payments, I then fell behind on utility payments and other agreements such as mobile phone contracts and then fell in to a spiral of debt.
I obtained a payday loan, but kept 'rolling interest' over, then found myself obtaining more loans to repay the existing ones interest.
I contacted the CCCS who said I was just eligible for a Debt Management Plan, but then I received a CCJ from Bannatynes Fitness Limited which means I can no longer afford a DMP.
I feel that although I fully accept I am to blame for my bankruptcy situation I am faced with no other option.' I have become insolvent as I have overcommitted on credit agreements and hadn't managed my money effectively.
I originally obtained a personal unsecured loan to clear my credit card and catalogue debts, however once these were cleared I re-used my cleared accounts and accumulated another amount of debt on top of the loan amount.
Because of these extra payments, I then fell behind on utility payments and other agreements such as mobile phone contracts and then fell in to a spiral of debt.
I obtained a payday loan, but kept 'rolling interest' over, then found myself obtaining more loans to repay the existing ones interest.
I contacted the CCCS who said I was just eligible for a Debt Management Plan, but then I received a CCJ from Bannatynes Fitness Limited which means I can no longer afford a DMP.
I feel that although I fully accept I am to blame for my bankruptcy situation I am faced with no other option.

THanks.

It is formatted properly on the website x

immoral_angeluk

Can't see anything wrong with that so long as it's the truth!

sizzler

looks ok to me:)

hello angel tiger:p

dav_blackpool

wow thanks for quick replies...

yeah its the truth - unfortunately .

Countin down days now, forms go in on Thurs then subject to appointments hopefully BR on monday. nervous but looking forward to it at the same time.

My home phone has rung over 10 times today.

Thank you x

sizzler

goood luck mate.

let us know how you get on:)

IF

It's clear and precise Dav x

immoral_angeluk

sizzler wrote: »

looks ok to me:)

hello angel tiger:p

awight

josie836

Sounds ok but maybe some dates when loans etc were taken might help. I also notice that you have repeated the second paragraph at the end of your statement.

philnicandamy

something that may help here

http://forums.moneysavingexpert.com/showthread.html?t=1831297&highlight=