Life after bankruptcy?

Amnesty

Ok I think we need some direction here.
Would you rather fight for your house?
Would you rather leave it all behind and start again?
Why do you think a restriction order will be placed against you?

ani_26

Its funny. A complete stranger said to me a few weeks ago, you're a fighter. Yes, i've always been a fighter, but now, i've no fight left in me. I know realistically theres no way i can afford the mortgage payments they are asking for. It will take every single penny i earn.Literally.
I suppose the judge might say to them its unreasonable to take every penny of someones pay, on mortgage alone, but do i want to work until i'm 100 ? The answer to that is, no. The OR told me at our last meeting, he was considering an RO, which he said, is'nt an extension of BR, but it pretty much seems it is, with the added shame of public humiliation.


So the only option is to leave it all behind.Leave it all behind ? I just live day to day at the moment,and thats a major feat, in itself. I still can't get my head round starting again. I know that quality of life is more important than money, but there are basics you need to survive. Anyway, i've come to terms with it, in my own mind now, whatever my fate.

Besides, they are still pursuing me for arrears, from before my BR,which i don't know if i'm liable for,add to that, i have to pay court fees ? because they've taken me to court. I'm waiting to see what the judge says, on that one. It has to be said, i have not acknowledged the debt, as i've been told not to, not agreed any payments, or signed anything.I've been told so many times now in the run up to court, not to sign anything, theres no way i so much as pick up a pen, that day. Maybe thats fighting spirit, Maybe thats just doing as i'm told, but even i can see the sense in not signing anything. No pen day.

Angie - thanks for the info, i will check it out. I've spent so long keeping this to myself, its good to know there are people on side, with similar experiences, and i guess the point i was making, it CAN happen to anyone, for whatever reason.

datcat

:grouphug:Hi No Hope

At the moment, because the house has not been repossesed any amount owing is still your problem. (Gods that sounds harsh sorry) But as soon as the house is handed back over thats it. Because then it's a unsecured debt. And goes into the Bankruptcy. Any fees due as well If I recall correctly.
As for the public knowing My motto is Those who matter don't mind and those that mind well they can all jolly well *&% Themselves

Amnesty

Hi mate
Datcat is bang on.Even if the judge grants reposession you should get a minimum of 2 weeks to get out but try and squeeze them for a month if you can(oh ye be nice to the judge!).All the arrears etc will be included in your bankruptcy after reposession as the debts will be unsecured.That will include any shortfall.They didn`t sell mine until after I was bankrupt and there was one hell of a shortfall but all was included as it was on my bankruptcy.
You really don`t need all that hanging over you.As for starting again you`re probably not that much older than me.I do remember the sense of relief after walking out of the house.However you still need somewhere to live.
As for private renting have you considered a room in a shared house for now.Look at least you have a job.If I were you I would go and see my boss or HR manager and tell them your situation.I was the MD of two companies and considered it a duty of care to try and help employees in trouble.From their point of view it could be affecting your productivity not to mention everyone having to look at your miserable mug which they probably want to put a smile on(kidding).They may be able to advance you a deposit not to mention giving you time off to look for a place.They could provide you with references for landlords.About landlords.If its just a room in a house they may not even ask you about bankruptcy if its a private landlord so don`t tell them.It`s all about how you carry yourself when you meet them.Tell them you`ve split with the missus if they ask why your needing to rent and how you have a steady job etc(not rocket science).Talk to them like you expect to just get the room and keep the conversation positive.Don`t worry about restrictions,how it may affect an IPA or anything else at the moment,it`s about looking after number 1.Start looking for somewhere NOW as a lot of places are only available a few weeks down the line.
As for public opinion,well er FXXK EM!No one knows what`s around the corner and the ones who gossip are usually the ones with the most to hide.Ever noticed that the tXXt always wandering around with the camera at a party never wants his picture taken!
Now get your !!! out there and make it happen.
Any probs or just a chat get back on here.If you need a creative angle on anything;) you can PM me if you like.
Over to you.

ani_26

Hi guys thanks for taking the time to reply, its much appreciated.

Datcat - it does'nt sound harsh, its reality, i know that. It took me months of to ing and fro ing between the OF, the advice bureau, and finally the lender, to establish i was still liable for the amount owing, as long as i was still in the house., ( this is after BR ). I guess i was pretty naive, but you start to doubt it when your still being harrassed by phone calls, letters, and debt collectors still calling round to the house. I've gone round in circles and its all so confusing, but i'm stuck in a catch 22 situation, which is why i've stayed here. I can't make myself deliberately homeless, which is what i've done if i leave the house, even though i have, effectively made myself homeless, anyway I've had to wait for them to take me to court, and then i'll have to wait for the baliffs to officially evict me, i suppose. Thats when i really will be homeless.

So yes, i will have to be nice to the judge, but i can only tell him how it is. And the truth is, that after a year of looking, i know the odds are stacked against me, and i still can't comprehend why one person won't say yes, its yours.I've been told all along, you've got to find somewhere to live, before you go to court, and god knows, i've tried. I've just spent the whole of this week as well, looking, so its a waiting game , largely with the council. But now i've got to concntrate on clearing out the house, which is what i've done today. I've got to be ruthless about it, because whatever i have'nt cleared out, will have to stay. I've already decided that. Theres only so much one person can do. It took my neighbours 3 months to pack, when they moved last summer, and there were two of them. But then, i'm not moving, tecnically, i'm just de cluttering my life.

Amnesty - i wish it were so simple. to get help from work. Thats why i'm having so much difficulty finding somewhere to rent. I'm self employed / freelance, whatever you like to call it. I don't and have'nt ever owned a business. The companies i work for class me as self employed, and therefore have no duty / responsibility towards me, despite the fact i've worked for them for many years. So my decision to admit i can no longer function at work right now, was a difficult one for me. No work, no pay. End of. I've been fortunate i've always had plenty of work, and its taking a risk, that i'll just be able to walk back into work again. No one likes to admit they are off work through stress.

Thats how i discovered my national insurance payments had been frozen in June, and i'm not allowed to pay into them anymore, which to me, is a real worry. I rang to check my payments were up to date, as i had'nt received my bill from them. But i guess, like you say, any small thing, becomes a major issue, at the moment.

But you did make me smile, in your posts, which is something i have'nt done in a long time.

fiveyearplan

Hi Nohope. I just want to welcome you to the forum and tell you there is life after BR. I went BR in April 2008 and am still here to tell the tale. It may not seem like it now but you will get through this.

ani_26

Thanks Fiveyearplan.

I've just written a diary, which has taken me 3 hours, if anyone is interested in reading my story. Its intended to help others, even though i seem unable to help myself. I'm totaly emotionaly drained right now.

philnicandamy

Hey Nohope....just read through your posts & what can I say?...its a very similar story to me & many more like

Bankruptcy changes you in many many ways..but all for the better
i've been bankrupt over 3yrs now & life is VERY good we have a place I manage in a baby son who's 6mnths old and we're happy, sure money's tight but we learned to cope along the way...I certainly have NO regrets about what I did

keep strong it will get better !

lilibet1

Post your diary on here if you like, it might help you.

x

Amnesty

No Hope,
what do you do for a living?
As in I know you`re self employed but doing what?