Bankruptcy. The best thing I ever did

COS

Just wanted to air my recent experience to give hope and support for those in Debt difficulty. Having been troubled with Debts £20.000 + I eventually sort advice and started Bankruptcy proceedings via a money advice agency which cost me £350.00. In return they supplied and filled most of the paperwork. Once completed and I had raised the court fee. May 2010 I handed the paperwork and payment to the court walk in service of which they checked and then asked me in to swear they are good and true, no Judge, no court just a very informal event. They asked me to return that afternoon to collect the paperwork. A few weeks later the Insolvency officer interviewed me over the phone and advised what would happen next. I completed a statement of earnings and returned them to the officer as with other paperwork. Over two weeks ago I have been told that they now applying for a discharge.

I went to my Bank as my accounts had to be closed. The Bank advisor whom I had an interview with was so helpful. Straight away they opened a Basic account with Debit Visa Card. The advisor had been made Bankrupt himself in business and fully understands the situation.

Once I am discharged the Bankruptcy will remain on my credit record for 6 years enough time to rebuild my rating.

Apart from raising the cash of which initially was paying the Debt interest covered the agency and Courts fees the hardest thing was actually believing how easy it all was and no stigma. I have a bank account, still self employed and still have the car and a roof over my head and my sanity.

The astonishing thing is that for the past two days Fredricksoninternational have been harassing me with phone calls so I can't wait to take them to court for breaching the Law.

tech2_2

I totally agree with you ans wish a had not been talked out of doing it some yrs ago when it had just changed to the 1yr not the 3yr as it was! THE BEST DECISION I HAVE EVER MADE!

All the people on here gave so much good advice! Only got 3 months max left! was easy and no IPA bloody bounus! but if not for this site may have had IPA lost car and poss house...

Thanks to all and when you decide to jump of the end of the cliff! dont worry get on here and air your views as there is always someone who will listern and not judge!

And dont keep looking back at what might have been!! NO look forward to what you are gong to do with your life I have and its fantastic!

Tech2