The Bankruptcy Club & Supporters Club

sandralovescats

The OR can get access to all of your credit and bank statements without you providing them

sandralovescats

vivadave wrote:

Is it correct that a join bankruptcy costs £475....


Last question (for now lol) once made bankrupt, what would happen say if a letter dropped on the door mat for a past debt, is this possible or could debts be missed by the court, or do they find absolutley everything no matter what, even if it hasnt been defaulted?

Thanks for listening and sorry for such a long first post....

Look forward to hearing from you all....


Dave....

First of all going bankrupt as a couple means you pay TWO fees, since you have to go bankrupt as two individuals, so 2 x £475. That applies whether you are married or cohab.

You don't need your CRF from anyone - but you do have to be able to complete your SoA for the OR. Have a look at the form at https://www.insolvency.gov.uk

When you are made bankrupt everything is included, whether you remember about it or not! No problem there!

We are here to help, ask any questions you like!

sandralovescats

vivadave wrote:

We both have cars on finance, my finance was for only £1500 and my partners around £3800 plus interest, these have both been paid regular and never missed a payment, would we loose our cars, even though there not worth much and we would still be willing to continue the payments?

Look forward to hearing from you all....


Dave....

Where the cars are concerned, it is entirely at the OR's discretion whether you can keep them or not. It is considered a secured loan, unless it is on HP. If a car is on HP then it will be repossessed.

GeorginaAlexi

oooh can i join- i went br 9/2/06 and was discharged beginning oct 06! im debt free and have finally learned to live within my means (ok its an on-going lesson) and this site is so great with helping to achive that! batch cooking, budgeting etc... have sworn off credit and am learning to wait while i save. may never be able to get a mortagage so im told but im living in the now and at the time br was my only option as recomended by cccs.

Mike_St_Helens

GeorginaAlexi wrote:

oooh can i join- i went br 9/2/06 and was discharged beginning oct 06! im debt free and have finally learned to live within my means (ok its an on-going lesson) and this site is so great with helping to achive that! batch cooking, budgeting etc... have sworn off credit and am learning to wait while i save. may never be able to get a mortagage so im told but im living in the now and at the time br was my only option as recomended by cccs.

Congrats on the discharge!! (Bankruptcy one that is :-) )

Hope you found the process not too dauinting.. Im nearly a month in.. Things dont seem to have changed that much really.. Just dont owe anyone !

Mike

vivadave

Thanks for the replies, the SOA form looks a nightmare to fill in, the idea of getting my credit files was to clarify exactly who i owe money too and how much, i can imagine there will be lot! in my case....

My car is on hp, but only got finance for 1500 quid at the time, that was 6 months ago, i dont really wanna lose my pride and joy if i can help it....

I'm getting bailif letters at least twice a week now for past debts, scary they are too, one a while back was even threatening imprisionment!

I feel i need to act fast to get the ball rolling, but wanna be 100% sure i take the correct path before i do anything....

Thanks Again


Dave....

Richard_S

GeorginaAlexi wrote:

oooh can i join- i went br 9/2/06 and was discharged beginning oct 06! im debt free and have finally learned to live within my means (ok its an on-going lesson) and this site is so great with helping to achive that! batch cooking, budgeting etc... have sworn off credit and am learning to wait while i save. may never be able to get a mortagage so im told but im living in the now and at the time br was my only option as recomended by cccs.

Hi Georgina,

I understand that there is quite a growing market in mortgages for discharged bankrupts, the rate is higher than the average high street rate but once you've established yr credibility for a year or two then you could well be accepted by one of the mainstream lender.

Don't know that for a fact cos we're not in a position to apply at the moment, but it makes sense from a lenders perspective. They know you've got little or no debt and more than anybody you're aware of the dangers of over stretching yr finances, add to that a couple of extra percentage poitns on the loan and it's a proposition you could sell to the "Lion's Den".

Rich

monkeyy

sandralovescats wrote:

The OR can get access to all of your credit and bank statements without you providing them

Thanks sent off all my cut up cards and all the cards that I owned along with a note explaining the fact that I destroyed most of my statements. Time to enjoy my 1st weekend as a br:beer:

Richard_S

We were declared bankrupt in July this year nos 220&221 / 2006. Just had a peek at the local newspaper and before the end of Nov 06 they were up to case 992 / 2006.

It's only a small town too; does anybody think the BKY Badge could become a must have fashion accesssory??

Always wanted to be a trend setter :j

Rich

rog2

monkeyy wrote:

Was everyone who has been bankrupt been able to send all their credit card and bank statements off for the last 12 months? I know for a fact im going to struggle to find the last 3 months let alone 12.:eek:

I wasn't asked for credit card statements - just the balance.