The Bankruptcy Club & Supporters Club

Mike_St_Helens

sandralovescats wrote:

Ah but , by the time you see the OR you have already been declared bankrupt!!!

Dont get ya... I was letting him know about the judge, not the OR...

Mike_St_Helens

sandralovescats wrote:

Just a thought -

My Mother is nearly 74. All I have to hope for is that she doesn't pop her clogs whilst I am undischarged - otherwise the OR will be claiming all her cash and the house that I live in!!

Aww poor mum !

goonergirl

Mike_St_Helens wrote:

It is a bit surreal... But a new life has started and I must get on with it. Cant be dwelling on it all... After all.. Life is still normal after B.

I can't wait now to get it all out the way! and then start a fresh next year! think I might then paint my kitchen might even be able to afford some tiles when its all over! (got tiling wallpaper at the mo cos it was in the sale cheap a couple of years ago)


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scootw1

Well... If you have gambled a lot, they may give you an extended discharge, That means that you will be bankrupt a while longer,... Doesnt mean anything, just that you cant get credit over 500, be a director etc... They may not mind.

Then if you have exess income they will ask for a % of that, paid for 3 years.

No, it wasnt a great deal, only a few hundred over a period of time.

They set out the amount to pay back at the start do they not? And does this change over the period of the three years?

Anyway, collected the papers at lunchtime. got to return them and they said I would probably see the judge that week. They did, however, say that if I left the IVA payments the creditors would make me bankrupt thus saving the fee? There has got to be a catch there surely?

sandralovescats

Mike_St_Helens wrote:

Its for 2 of us hun....

The birthday holiday thing is simply a 'lets see if we can' as said its only draft and the insoolvency service sent me those things that we could claim ffor... We both went B remember, so there are 2 of us in the budget...

Im not sure if J has ever looked at the yearly thing... I think its juts that its a lot £95 all at once...

I was allowed £20 per month for "incidentals" which would be £40 for two.

The prescription thing is such a lot cheaper, though. Just a thought!

Mike_St_Helens

sandralovescats wrote:

I was allowed £20 per month for "incidentals" which would be £40 for two.

The prescription thing is such a lot cheaper, though. Just a thought!

Ill get him to look into that... Damn athsma.. I say to him he is pretending... He doesnt take me on.

sarah_skint

right i emailed experian at 4 oclock this morning and filed a dissociation but still haven't had any sort of reply so me thinks i will just give them a ring, i have made a start on the br online forms and am 15% complete lol, I had a letter this morning saying that because i had agreed to make pro rata payments and i had not sent them on time this month that the deal has been terminated and that if no payment is recieved within 48 hours it is being passed on the debt collection agency - my br date is the 30th
Do you think they will be knocking on my door before that?
Sarah

sandralovescats

Mike_St_Helens wrote:

They have a very good video section though that answers a lot about bankruptcy.

Yes I agree!

Mike_St_Helens

scootw1 wrote:

Well... If you have gambled a lot, they may give you an extended discharge, That means that you will be bankrupt a while longer,... Doesnt mean anything, just that you cant get credit over 500, be a director etc... They may not mind.

Then if you have exess income they will ask for a % of that, paid for 3 years.

No, it wasnt a great deal, only a few hundred over a period of time.

They set out the amount to pay back at the start do they not? And does this change over the period of the three years?

Anyway, collected the papers at lunchtime. got to return them and they said I would probably see the judge that week. They did, however, say that if I left the IVA payments the creditors would make me bankrupt thus saving the fee? There has got to be a catch there surely?

To be honsest then, I really would overlook it.. I wouldnt put coal on the fire.

The IVA making you bankrupt, Im not too sure how that works, someone else may know.. But ill bet it takes ages to go through.

The IPA starts when its organised (a couple of months after then lasts exactly 36 months.

gettingitsorted

goonergirl wrote:

I can't wait now to get it all out the way! and then start a fresh next year! think I might then paint my kitchen might even be able to afford some tiles when its all over! (got tiling wallpaper at the mo cos it was in the sale cheap a couple of years ago)


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Thats the spirit hun :T

make sure you have something to look forward to kind of to mark the new start to your life

Me im looking forward to actually having a kitchen lol .since we moved in our house in june (had no kitchen when we bought it!) iv been managing on a 2 ring electric stove type thing, our kitchen is being delivered tomorrow but my DH said i should not expect to get it fitted this side of christmas .:mad: