Help Please, Im Bankrupt and didnt Know!!

Sarah2100

All I know is that any black mark against your name gets wiped after six years as i have had this problem myself. Hope this helps !!

Sarah

confused?

hi everyone, i was made redundant again back in january and didnt have the pennies to fight it as im on JSA,
im still out oif work and decided to leave it. Main reasons because i dont have anything to put into the BR my house is worth less than i owe on the mortgage and im due for Automatic discharge in a few days.

im not so bothered now if they decide to sell my house as its worthless (no proffit if sold) with a big morgage anyway, and feel if they take this i can rent again for less and start again in my partners name later.

i feel if i hadnt been made redundant again i would have fought on because of possible IPO's etc but as i dont have anything other than benefits coming in at the moment i dont think they can start one after im discharged?

a lot of heart ache over a lost cause, they made me bankrupt but i reckon they didnt gain anything from it..........

Regards
Confused?

PS. Thanks for all your support and help,
I still believe i could have won and i may have cleared my name, but if i had carried on i feel all i would have achieved financially would have been all my other debts back.

confused?

NeverAgain wrote: »

Confused?

I certainly am.

can i help?

confused?

Well a lot of Heart Ache later and im discharged......

I now Owe nothing. The Slate is 'cleaned'.

I have nothing on my credit file? as it has been sooooooooooo long since the supposed account was recorded in the first instance. I only need to get a cert of discharge and i can build my life again :-) yey.

Just think i could be still in debt! even after annullment.
Now just have to wait till it drops off my file.

---

May i please take the time to THANK all at LOWELL'S and HFO who have selflessly cleared all my debt in one fail swoop of incompetence.

I really did not see at the time that you were only trying to liberate me financially.

Thanks HFO, for your ability to lie for Lowells so well in order to give me a fresh start was so selfless

Anyway i must be off ive got a business to start and a life to get back on track.:cool:

Oh im Excited
:j

confused?

Okay!
update 5 years later

I am not happy that this has happened at all, but to be honest this seems to have helped me!

Obviously the way things pan out are different every time, (for each individual) luckily I only coped with lots of bad things that eventually weren't the worst thing that could happen to me.

If anything has come from this though is that my revised thoughts say that things are material... You can replace things! (Money included).

I tell you now, if from all this I can give any advice if you have been unlucky enough to get into a similar position and you can enter yes to all of the below:

1. No or limited equity (in your property)
2. No savings (in accounts, not including cash in hand that no-one knows about).
3. No single item worth over £1500
4. A limited income and can prove that income is lower than out going.
6. And debts that make you Physically sick thinking about and can't possibly pay.
7. Received a letter from the OR saying that you are Bankrupt.

Then you are BANKRUPT, accept it and use it to your advantage.

Try fighting it, write letters to the OR and your banks stating your intent to fight, give them all your information if you wish.

Write Subject Action Requests to creditors and keep records

Tell your banks what is happening, tell all your creditors and tell everyone who needs to know your situation.

However don't sign anything apart from the interview docs with the OR.

Discuss at length, delay any IPA options but don't agree or sign up to anything.

Keep Strong and keep fighting, keeping record's one everything.

Then by the time you have done all of the above, if you have worked within all the allowed timescales then it will more than likely be 12 months later and you will have been discharged without actually agreeing to anything.

AFTER THIS YOU WILL HAVE OTHER PROBLEMS TO DEAL WITH!!!

However

Mine is currently:
a new job, new house, new car, and school holiday prices!
Still got 12 month before the BR is cleared from my credit file but its enough time to start saving for all the above!! Debt Free....

��

fermi

Thank you for that update confused?