Would my bankruptcy petition be accepted or rejected?

Sandwich

ifwisheswerehorses... wrote: »

Hi Sandwich did you contact a debt charity as advised here:-

https://forums.moneysavingexpert.com/discussion/comment/41129534#Comment_41129534


You won't be refused BR if you are Insolvent and the general rule is that you must have taken advice. That can be from the debt charities, an IP, an Accountant or a Solicitor. The Judge just wants to be sure that you can never come back and try and overturn the order on the basis that you were not aware of all the consequences.

Best wishes

If...x

Sorry Wishes, I didn't read your post properly at first. I did contact several advice lines to ask for advice. I put off filing for bankruptcy after that for a little while because my finances temporarily improved (i.e. I worked something out with the Council), but now I'm really up the creek without a paddle!

I think what I'll do is first thing tomorrow I'll call those agencies again to clarify everything one last time. Then I'll fill out all of the necessary forms, sleep on it one more night, and send them off.

Then it will just be a matter of saving up enough money to go through with this. Hopefully within a couple months I can scrape it together from somewhere.

Thanks for your advice everyone. I'll check in once I've gone through the process to let you know what went on.

tigerfeet2006

You don't send any forms any where. You fill them out, ring your local court and determine whether they have a drop in on the day system or an appointment system. Take your money and relevant number of forms to court and that is it, well the in a nutshell version.

From the Look Here First: Bankruptcy Help sticky
Completing the bankruptcy petition and Statement of Affairs.

Forms to print and fill in:-

• Debtor’s Petition (Form 6.27 (DOC, 45 Kb) ) and
• Statement of Affairs (Form 6.28 (DOC, 314 Kb) ).

Example completed forms and guidance notes:-

• Debtor's Bankruptcy Petition 6.27 Example (Thanks to NE Derbyshire CAB)
• You may find it helpful to look at the example of a completed Form 6.27 (DOC, 56 Kb) and the Guidance Notes for completing Form 6.28 (DOC, 73 Kb) .
• Statement of Affairs (Debtor’s Petition) 6.28 Example (Thanks to NE Derbyshire CAB)

NeverAgain_2

... I'll call those agencies again to clarify everything one last time. Then I'll fill out all of the necessary forms, sleep on it one more night, and send them off...

Sandwich,

I hope by 'those agencies', you mean one of the debt advice charities linked by the other posters.

There are some debt management companies which set themselves up to look like advice lines.

Those companies are not recommended because they are not impartial, and will tuck you into the solution which is most profitable for them, not best for you.

AndyBSG

Personally, I would suggest looking at an IVA instead of bankruptcy.

Excluding the Student loan which can't be included, the other debts do not seem worth risking full blown BR. If your total debts are around the 16k mark chances are an IVA will reduce those to below 10K and a manageable payment plan.

Would recommend speaking to a debt management charity(charity, not company as the companies main interest is in selling you their IVA).