The Bankruptcy Club & Supporters Club

PAW75

with regards to a holiday, the creditors can not object to you having a break however luxury holiday abroad would be objected to.

tammyfshr

with the dedts do we group them together or put whoever owes what dedt on each form.

tammyfshr

happy new year for later.im off to forget about bankruptcy and have some champagne.:beer:

broke_and_no_joke

Hello all, i am £30,000, in debt, i have been for the last 3yrs, i have been paying £100 a month to a debt managment firm for 2yrs, £86 are county court priorty debts which have to be paid , however i have just found out that it will take 30yrs to pay off, i"m 37 married 3 children, my credit file is shot to pieces, my wifes is ok, will bankjuptcy be the best option for me?,.we live in a rented property, a family car on finance, ( its in my wifes name), a joint bank account ( visa electron), what will happen to all those things?, can baliffs come and take our tv, furniture etc, i hope you have the answers and thanks for listening..

rog2

broke_and_no_joke wrote:

Hello all, i am £30,000, in debt, i have been for the last 3yrs, i have been paying £100 a month to a debt managment firm for 2yrs, £86 are county court priorty debts which have to be paid , however i have just found out that it will take 30yrs to pay off, i"m 37 married 3 children, my credit file is shot to pieces, my wifes is ok, will bankjuptcy be the best option for me?,.we live in a rented property, a family car on finance, ( its in my wifes name), a joint bank account ( visa electron), what will happen to all those things?, can baliffs come and take our tv, furniture etc, i hope you have the answers and thanks for listening..

Hi banj - welcome to BCSC - Loads of questions and all of us have asked the same - basically, Bankruptcy COULD be an answer to your problems and CERTAINLY worth considering as you have very few assetts and live in rented accomadation. Bailiffs are MOST UNLIKELY to come and take your furniture.
If Car Finance is in your wife's name, then, providing she is not also declaring bankruptcy this should not affect your bankruptcy.
I have to log off soon, as my wife is preparing a New Year Party, but have a good look through the thread and this should answer most of your questions - at least until I, or someone else, get back to you.
Cheers and Good Luck
Rog2

njc12

Just wanted to say Happy New Year to everyone!!! Hope 2007 is a good one for everyone!!

njc12 x :beer:

rog2

njc12 wrote:

Just wanted to say Happy New Year to everyone!!! Hope 2007 is a good one for everyone!!

njc12 x :beer:

Thanks - and a Happy New Year to you. :beer:

Mike_St_Helens

rog2 wrote:

Thanks - and a Happy New Year to you. :beer:

Happy New Year also from us everyone !!

Time to PPAAAAARRRTYYYYY :rotfl:

rog2

Mike_St_Helens wrote:

Happy New Year also from us everyone !!

Time to PPAAAAARRRTYYYYY :rotfl:

I'll drink to that, Mike. :beer:

broke_and_no_joke

Hello all, i am marreid 3 kids i live in a rented property and i am £30,000, in debt, i have been paying £100 a month to a debt management company, for the last 2yrs, however i have just been told that it will take 30yrs to pay off, i have no credit cards or finance, my wifes credit file is ok, we have a car on finance( in wifes name), and a joint bank account ( visa electron ), i get £800 a mth wages paid into it, my wifes wages, and working tax, and famliy credit, about £ 2200 goes in a mth, all the bills etc are in my wifes name, what is the best option for me?,...will the car be taken of my wife?..will the baliffs come and take our tv and belongings?, ( no other finance on those items), ...how will it affect my wife going bankjupt?..will it affect here credit rating?..if anyone can answer those questions i would be very grateful,....and thanks for listening.