The Bankruptcy Club & Supporters Club

Addicted2Chocolate

If you acquired a car after the bankruptcy order you wuld have to write to your OR and inform them, as with all assets you come into after bankruptcy but before discharge, its called after acquired property. The OR would have 42 days to claim it, if they dont claim it you keep it. Whether it is claimed would depend on the value of the car. It would be better if someone else bought the car and just let you have use of it.
When considering what you should repay, if anything, savings are not allowable as outgoings. But you should be left with some money todo what you want with: eg if income £2000 and reasonable essential outgoings £1500, surplus £500 and IPA of £300 approx would be sought, leaving you with around £200 to do what you want with. These figures stated are not accurate: they take betweeen 33% and 77% of the surplus i think, the biggrer the surplus the more is taken.

fabianne wrote:

Thanks Charlotte
She isn't a champion showdog or anything.
I have spoken to and got good advice from the debt advisors with CCCS and National Debt line and the business debt line.Once I had been through the whole thing-they all suggested BR to me-it is my donkey feet that is stopping me.
I also mentioned my options to my Mum-and she freaked out-think she is more worried about it being in the local paper,so I may not tell her if I go ahead as she is one of the 'what will the neighbours say?' brigade-and I am concerned too as I would hate my ex husband to gloat over it if he saw it.I also worry about if my clients will see it and judge/quizz me.
My car would have to be given back (can't afford it anyway) BUT if I got an old banger-would that be ok?Or if I can't afford one at present-are you allowed to save to buy one in the future? Part of my business is freelance and I would need to get to my clients you see.
Are you allowed to start savings for University fees etc for the kids??

tight_jock

goonergirl wrote:

evening all
well tomorrow is BR day 9:45am ! Oh my god ! Im here eating my tea (feels like the condemneds last meal!)
been panicky all day, started off with rows and shouting with OH which I have managed to supress now as I haven't spoken all day especially about tomorrow (although I do still need him to sign the forms and go through a few things with him)but for now I ll take the uneasy truce!
will let you all know how it goes (or doesn't!! god what a thought what if the judge chucks him out?? no BR??) so I ll let you all know once we back and sorted although Ive just had to lie to his boss (whos a friend as well!) about why he needs tomorrow morning off as OH has put it off all week telling him! (so annoying !)
Anyway just a great big thank you for all that have helped me and listened to me witter for the past couple of months. big kiss xxxx thanks
angie
x

Hope all goes well for you and OH tomorrow. All those debts belong to the OR after about 10am !!!!!!!:j


TJ

Richard_S

goonergirl wrote:

Thanks mike
I actually quite like that pink cava stuff (like to think of it as pink champagne!)they do in morrisons (only £4.99 a bottle) see quite a cheap chick really ! LOL
it really cant come quick enough now don't know how I ll sleep tonight? but thanks
x
angie

Good luck Angie,

Maybe try a couple of bottles to help you sleep, oh we remember the days fondly when we could afford to spend more than £3 on a bottle of wine without having to justify it to the O.R; ok we admit it, the stress has turned us both into alcoholics :rotfl: .

All the best

Rich & Jane xx

lou031205

Hi Angie, just wanted to say good luck. Our BR day was Tuesday, so know what you are going through. Keep calm!

Let us know how it went?

Louisex

goonergirl wrote:

evening all
well tomorrow is BR day 9:45am ! Oh my god ! Im here eating my tea (feels like the condemneds last meal!)
been panicky all day, started off with rows and shouting with OH which I have managed to supress now as I haven't spoken all day especially about tomorrow (although I do still need him to sign the forms and go through a few things with him)but for now I ll take the uneasy truce!
will let you all know how it goes (or doesn't!! god what a thought what if the judge chucks him out?? no BR??) so I ll let you all know once we back and sorted although Ive just had to lie to his boss (whos a friend as well!) about why he needs tomorrow morning off as OH has put it off all week telling him! (so annoying !)
Anyway just a great big thank you for all that have helped me and listened to me witter for the past couple of months. big kiss xxxx thanks
angie
x

goonergirl

ahhh you guys ! you making me feel so cared about !(long time since ive felt like that!) THANKS!

xxxxxxxxxxxxxxxxxxxx

goonergirl

tight_jock wrote:

Hope all goes well for you and OH tomorrow. All those debts belong to the OR after about 10am !!!!!!!:j


TJ

TJ hope you don't mind me asking but did you go to KL court? just wondered how long you were inthere and what he asked?

a
x

fabianne

Ok thanks for that info xx
And good luck for tomorrow gooner

jbaugh

hi

a few questions to all you wise ones out there

is there a min amount you go go bankrupt with? daft question i know but wondered if there are limits

how much does it cost

how long from filing online forms in do you br

how is it in the court room does everyone look at you and you know look down on you

does the judge tell you off

what does the paper say when it comes out ...what section is it in


ty xx

Mike_St_Helens

jbaugh wrote:

hi

a few questions to all you wise ones out there

is there a min amount you go go bankrupt with? daft question i know but wondered if there are limits

how much does it cost

how long from filing online forms in do you br

how is it in the court room does everyone look at you and you know look down on you

does the judge tell you off

what does the paper say when it comes out ...what section is it in


ty xx

I think it i s a min £750 in debt to go B - someone may correct me on that...

Costs £475 - Less if you are on benefits

You have to make an appt with your local court, complete the forms at your own leisure and submit them the day before you go to court.

The court is usually a busy place, lots and lots of people there doing different things, they all have their own problems i there to be interested in ours.

Judge doesnt tell you off at all, most are very nice. Make sure you et the professional advice mind.

Paper simply says you are B, date and address... Its usually in the Legal and public info section. Mine wa snever noticed by anyone !

Fire away of you have any more Q's....

MIke

jbaugh

i have spoken to debt line ...is that enough advice

sorry if asked this already what are the time spans how do you make appoint at court??

you say benefits what type of benefit?

do you just phone court up and say what you want?


ty glad your still up!!