think i have made huge error

lottodreams

Sorry BB The only positive thing I can say is that I don't think your creditors will ever take you to court to serve a Charge for Payment being that you have no heritable property.

If they do and you do go Br I am sure your new purchases will be 'lost in the mist of time'

Try not to worry to much I think you are probably in this for the long haul

And please please please resist the temptation to make any more purchases on 'tick'

Lotty x

nat21luv

surely popping down to the pub to watch england would of been a cheaper alternative to buying a new tv? -you would of called it a night after the first half!

curly04

I think OP understands that he messed up (but not a big as mess as England made in he World Cup!)

broxiebear1

nat21luv wrote: »

surely popping down to the pub to watch england would of been a cheaper alternative to buying a new tv? -you would of called it a night after the first half!

i didnt buy a tv to watch england in world cup my tv broke down so i had no tv yea i made a BIG mistake my only hope is that creditors continue with there threats for a long time and i can pay that debt back,

hattybee

Wouldn't worry too much. In theory, if you have been "dishonest or blameworthy" (as the law puts it) in some way, either before or during your bankruptcy, the Accountant in Bankruptcy may seek restrictions on your behaviour, which can last between 2 and 15 years.


This would include

• incurring debts that you knew you had no reasonable chance of repaying;
  
• deliberately paying off some creditors in preference to others

But if you look at the Accountant in Bankruptcy's website at the list of current Bankruptcy Restriction Orders and Undertakings, they are more concerned with gambling, extravagent lifestyles and concealing assets, involving much bigger sums of money. So it's unlikely they would bother to take any action for a relatively small amount (less than £1000)

DaisyChainMaker

You're just going to have to suffer the consequences of your mad purchase when you go bankrupt. Just don't make anymore and if at all possible try and sell the tv and use the money to pay off the debt, maybe a friend or family member will buy it off you for what you paid for it?

As someone else said, in future use your local freecycle for anything you need to replace, you may well not get a nice 37" lcd tv but you could get a telly on there for free. When you go bankrupt you will not be able to use any credit as will have to live on a budget set by the OR, so getting into the habit now of saving money and 'making do' will be good practice.

I actually sold my TV recently (wasnt even that fancy) but I then got a freebie from freecyle and used the TV money to buy things I needed. Lets face it, they all show the same blooming programmes lol. Check out this site for lots of money saving/making ideas and start using them so in the future you don't make any more 'mistakes'. You can also show the OR that you are learning by mistakes and making good new habits.

Good luck