bankruptcy questrians please help

PACKARD_3

Hi Deciding To Go Bankrupt Get £866 Per Month Wages.outgoings Are:
Rent £350
Council Tax £83
Water £36
Elec £50
T.v Lience £11
House Insurance £9.00
Horse Insurance £15.00
Ntl £40.00
Mobile £10.00
Food, Bus Fares Etc £100.00
Which Equals £704. My Boyfriend Sometimes Stays So He Buys Food Etc.
My Debts Are:
£10.000 Loan
£3.250 Credit Cards
£3.000 Overdraft
£33. Sofa
Which I Am Suppose To Pay:
£335.00 Altogether Per Month
So I Am Stuggling And Getting Very Depressed So I Think Bankruptcy Is My Only Option. I Know Abit Of It But I Have Got A Couple Of Questions:
I Have A Sofa On A Interst Free Credit Agreement Which I Pay £33.00 A Month Its Over 3 Years And Have 1 Year And 4months Left And Up To Date With The Payments Can The Sofa Be Taken Of Me If I Go Bankrupt?
Also I Have A Outstanding Electricity Bill Of £679 Which I Pay £50. A Month And Never Missed A Payment Have Spoken To Powergen And They Said They Can Do A Payment Plan Over 12 Months Including The Arrears And What I Use Of £153. A Month Which I Carnt Afford At Present As The Told Me £30. When I First Moved In And The Electricity I Was Using Was £80.a Month So Thats Why The Bill Got So High I Was Mad With Them, Can I Put This Bill Into The Bankruptcy?
I Also Have A Horse Which Is Loss Of Use So Worth Next To Nothing
I Get His Livery Free With My Job As I Am Head Groom Where I Keep Him So Apart From Insurance I Dont Pay Anything Towards Him, Will This Effect The Bankruptcy Cos I Dont Want To Lose Him. Thanks If Anyone Can Help Me.

Pilly_2

Hi
I am no expert but I have just declared myself bankrupt in July. It costs £475.00. I have debts of £30,000. I declared myself bankrupt because I couldn't cope with the repayments of my credit cards,Loans etc, also once you have declared bankruptcy the bailiffs can't come into your house and take any goods unless specifically told by the Official Receiver. I lost my car because it was worth more than £1,500. I have to pay through the official receiver £180.00 a month to my creditors and also your tax code will go down to zero which also goes to your creditors. I will be disharged after a year or sooner if the official receiver wants to but for 3 years I have to pay my creditors £180.00, when I am discharged I still have to pay for 3 years but I don't have to tell the official receiver any change of circumstances.

Print of the forms for bankruptcy you will probably find them on this site or if not go to the site https://www.insolvency.gov.uk and they will be there. What ever you do tell the truth. I think your horse will be safe.

Hope this has helped and good luck.

Pilly:eek: