defeated - the only option

crumbling

Co op have accepted my account application, just need to take id into a branch to be processed.
What's my next step? Token offer letters for what's due this month or go straight to bankruptcy forms?

dancingfairy

Hi - I would have a look on the bankruptcy board. I think regarding token payments it is a personal choice really and also it depends on your court's bankruptcy system - some you have to bok in advance so there may be a waiting list (in which case you may feel more comfortable paying token payments in the hope the creditors will give you a bit of breathing space) while other courts you can turn up on the day as long as you have your forms completed and the fees - I think they are about 600 pounds to go bankrupt so it may take you a while to save up for them. On the other hand if you are definitely going bankrupt you may prefer to save yourself the cost of envelopes/stamps etc to go towards fees etc.
I'm just wondering whether you have DIAL centre near you or a specialist centre that will help sort your benefits out - clearly if you are disabled and can't work then you should be getting the appropriate benefits (a poster on here has said that DIAL know how to fill in the forms in the correct way).
Good Luck
df
Edit: have just thought that going bankrupt could cause you problems if you want to go back to accounting - you need to check this out if there is a possibility of going back to work, although perhaps you would be able to do basic booking for small businesses? You would need to look into this though as it was just a thought and I am not an expert.
It might be worth phoning your trade body for advice ie AAT/CIMA etc.

Broken_hearted

crumbling wrote: »

Co op have accepted my account application, just need to take id into a branch to be processed.
What's my next step? Token offer letters for what's due this month or go straight to bankruptcy forms?

Thats one option. We were in your position four years ago and are now back on our feet. Going bankrupt never entered my head as an option. We had a self run DMP which ended last year and now the debts we have are the normal ones anyone else has which are overpaid on time. It can be done if you try.

scaredy_cat

crumbling wrote: »

hmmmmmm. i'm really wanting to try the offer - yes, you're right £1 would be more manageable right now.

a friend has told me i must just file for bankruptcy as its unlikely that i will ever get the ok to return to any kind of decent employment that would help me clear my debts (again, this is rather painful to admit but since my accident i really have been kidding myself that things will improve).

so, just off to have a shower to clear my head before i ring cccs........wish me luck!!

quick question - do cccs help with letters and phone calls i'd get? thats part of the reason i've put this off for so long - my cognitive ability is @*** compared to what it was before:o

i think your freind is a bit misguided. A DMP won't affect your ability to be employed (except perhaps if you want to work at a bank) and being declared bankrupt is more likely to. Have a word with your local Citizens Advice or speak to National Debt Line.

crumbling

Trying desperately to see how i can afford a dmp. By cutting back on everything I can only find about 50 quid to split btw 7 creditors. If they agreed to a dmp it would take a while to clear 23k...

Kidding myself aren't I?

crumbling

thanks for your help, dancing fairy.

I don't have any ppI's or anything, nor did I have a nice pay out from my employer of 21 years when they finished me on the grounds of incapability.

I won't be returning to accountancy-i have trouble concentrating on simple forms these days so who knows what havoc I'd cause in an accounting world!

HappyMJ

crumbling wrote: »

Trying desperately to see how i can afford a dmp. By cutting back on everything I can only find about 50 quid to split btw 7 creditors. If they agreed to a dmp it would take a while to clear 23k...

Kidding myself aren't I?

Yes, A dmp at that rate would take 38 years to clear. A bankruptcy would be off your credit record in 6 years.

RAS

Hi crumbling

Ring these folk (recommended by Martin) as they will come and help you fill in the forms.

Christians Against Poverty: Debt counselling agency, which specialises in helping those who are emotionally struggling too. The religious focus is why they do it, not how they do it. Link: Christians Against Poverty Tel: 01274 760720 Opening times: different for each bureau

crumbling

Triggles wrote: »

Just a quick hello to say that it does eventually get better. Between DH & I, we have dealt with redundancy, ongoing illness, depression, unemployment, low income, housing problems, car problems, childcare problems.... it can make you feel lower than low. But you just have to keep wading through it as little by little the muck thins out and the going gets slightly easier. If it helps, DH has had a coop cashminder account for close to a year now and is quite happy with it.

well, hopefully my cash minder will be up and running next week. i'm glad you're moving forward - difficult to see any light at the end of the tunnel right now but reading these posts make me realise that things will get better. thank you x

crumbling

RAS wrote: »

Hi crumbling

Ring these folk (recommended by Martin) as they will come and help you fill in the forms.

Christians Against Poverty: Debt counselling agency, which specialises in helping those who are emotionally struggling too. The religious focus is why they do it, not how they do it. Link: Christians Against Poverty Tel: 01274 760720 Opening times: different for each bureau

thank you! really helpful knowing someone may be able to help me sort the papers and stuff.