How can I help??

wishing_well

Would it be better to sell the caravan first, before they go through BR?

Does someone come to your house to take an inventory of goods, like a bailiff would?

How much does it cost now to go BR, and how long does it usually take?

Sorry for so many questions, really appreciate your advice.

clueless24

Hi wishing well
I cant give you any advice but just wanted to say how lucky your sister and brother in law are to have you in thier lives,in times of trouble we all need someone to lean on and you sound like a tower of strength. Keep up the good work.
Tx

dancingfairy

Hi - I'm not an expert but be careful re the caravan - if you sell it before bankruptcy - the judge may want to look into it and check you are not hiding an asset or have sold it off for less than it's value.
No - nobody is going to come to your house.
How much does it cost - um no idea - I think you get a discount if on benefits but it's quite a bit I think - although there are some charities that can help with the fees if you are lucky.
How long does it take - well you need to find out whether there is a waiting list at your local court or whether it's a turn up on the day with your money and all your paperwork and we do it there and then type affair.
In terms of how long does it take - well about 5 mins to hand your money over, swear on the bible bit, check over your forms with the clerk to see you've done it properly, you may see a judge or not see a judge in which case it depends on how many questions the judge wants to ask - anything they want to clarify and if they see you they sometimes check you know what you're entering in to, also of course the waiting to get the forms checked, the waiting to see if the judge wants to see you etc - it depends on the efficiency of the court really but it could be anything from half and hour to a couple of hours - particularly if your court is a turn up on the day type thing and there is a queue in front of you.
I hope that gives you a rough idea - and sorry there is no specific answer.
Someone on here always recommends taking spare change for the coffee machine and a paperback/magazine to read in case you get a wait. Lol.
df

dancingfairy

Oh - have you check that it's o.k in their jobs to go bankrupt?
Also you need to sort out the house issue - is it rented or mortgaged, if mortgaged is it in negative equity or not as the OR may be interested in the house depending on the answers to my previous questions.
df

wishing_well

dancingfairy wrote: »

Oh - have you check that it's o.k in their jobs to go bankrupt?
Also you need to sort out the house issue - is it rented or mortgaged, if mortgaged is it in negative equity or not as the OR may be interested in the house depending on the answers to my previous questions.
df

They both work for local government/council, so should be ok.

Their house is a private rental - they had to hand their keys back on their mortgaged house about three years ago, and a lot of their debts from there are still outstanding.

jedi82

Hi WishingWell, fees are £600 per person going bankrupt. The fees could be reduced to £450 if they are on certain types of benefits.

Jedi x

wishing_well

jedi82 wrote: »

Hi WishingWell, fees are £600 per person going bankrupt. The fees could be reduced to £450 if they are on certain types of benefits.

Jedi x

Wow thats more than I thought it would be. Both of them would be declaring themselves BR as well, as the loans were taken out in joint names.

..... and people say BR is an easy option - I dont think so :eek:

dancingfairy

Well it might not be as hard as you think - I believe people stop paying any debts and just pay their basic living expenses and use the money for fees so depending on how much they are paying out each month towards debts it might not be so far out of reach. Apart from that I think it's ebaying/carbooting/ overtime etc.
df

Angiepange

There is a link somewhere too (embarrasingly cant find it!!) to organisations such as charities, service providers, British Legion that might provide financial assistance towards fees, depending if you meet their criteria.

Hopefully someone can post it up. It might help?

Angiepange

Possible help with bankruptcy costs / fees

There are a number of charities that may help with bankruptcy costs and fees depending on eligibility (examples below).

• Severn Trent Trust Fund and other water trusts
• EDF Energy Trust
• Royal British Legion
• Some Trade Unions
  • Trades Union Congress
  • Union Finder from Worksmart
• Turn2Us enables you to search for charities

Please note you will usually need the assistance of a recognised Debt and Money Advice Worker in completing applications relating to the above.


Just found the above from one of Phils posts (thanks Phil :A)

HTH