Dont know where to start

jayk

Hello

I have reached rock bottom and fell only way forward for me is bankruptcy. I have debts of 38K. I used to be able to pay them each month then change in circumstances and personal stress kicked in. I went ON DMP and kept up for a year, more problems led to my not keeping up payment and they would no longer keep me on the plan. I have tried to make a small payment to 3 creditors as they were so agressive. I now am no longer working and am on J.seekers allowance. with help rent and c.tax.


Q. Do I fill in the forms first and present it to court.
Q. What paperwork will I need to gather
Q. Do I have to have everything ready- paperwork before petition or do I have to wait until its requested.
Q. Have second hand car value 1,700


Did contact National debt line does not look like I have options. Is it best to get professional help filling in forms or do it yourself.


Thanks

fermi

Q. Do I fill in the forms first and present it to court.

Yes. You need to talk to your court to make an appointment.

Q. What paperwork will I need to gather

None really for the court, but afterwards the OR may ask for credit agreements/statements going back a few years. Not a big deal if you don't have some, as the OR can get them from creditors themselves. Just easier for them if you have them.

Q. Do I have to have everything ready- paperwork before petition or do I have to wait until its requested.

The forms yes. The rest, just see what they ask for.

Q. Have second hand car value 1,700 need this as have to support ill daughter and mentally ill brother- hospital etc. Will they take that

You would need to make a case for keeping it. They may ask you to get a cheaper one, as now even when exempted £1,000 value is usually the max allowed. That is only a guideline though. If your circumstances are exceptional, or the excess value above £1,000 is not worth the cost of recovery and selling, then exceptions can be made.

Am ashamed of the gambling part but when on those sites you loose reality. Have closed it down.

Good. You will likely be asked about where that money went however. If they think you have been reckless, then it might result in a BRO/U.

Did contact National debt line does not look like I have options. Is it best to get professional help filling in forms or do it yourself.

No need to pay for help. Professional help can be had for free, or people on this forum can help. We've done that for 100's of people now.

sniggings

jayk wrote: »

Hello

I have reached rock bottom and fell only way forward for me is bankruptcy. I have debts of 38K. I used to be able to pay them each month then change in circumstances and personal stress kicked in. I went ON DMP and kept up for a year, more problems led to my not keeping up payment and they would no longer keep me on the plan. I have tried to mae a small payment to 3 creditors as they were so agressive. I now am no longer working and am on J.seekers allowance. with help rent and c.tax.

I stupidly used online gambling site to blank it all out and of course lost a lot of money including large chunk of redundancy money. So stressed with it all BR seems only way out as at nearly 58 years no hope of paying it all off.

Q. Do I fill in the forms first and present it to court.yes as long as you have sort advice from CCCS or CAD or another body then you can go ahead
Q. What paperwork will I need to gather,all you need to do is ring your court who will either send you them or tell you how to print them off their web site(better to get them sent out as there are 3 copies needed and they are quite long so loads of ink and paper needed)apart from those no other paper work is neeed untill after your BR then your OR may ask for statement etc but mostly they can get this info easier than you so dont bother asking you for it,the forms you fill in ask for dates of loans and balances owed etc I just put a best guess down.
Q. Do I have to have everything ready- paperwork before petition or do I have to wait until its requested.see above
Q. Have second hand car value 1,700 need this as have to support ill daughter and mentally ill brother- hospital etc. Will they take that,car should be ok if you can show you need it
Am ashamed of the gambling part but when on those sites you loose reality. Have closed it down.they dont really like gambling debt so may look into that a bli more.

Did contact National debt line does not look like I have options. Is it best to get professional help filling in forms or do it yourself.I did the forms myself and I'm not that smart,just do a little each day,most of the info the OR will be checking anyway so a best guess was all I did on most of it.dont worry if you forget a debt as well as all are covered even if they are on the form or not.

Sorry to bang on just head is puddled and full of all this every day.

Thanks

hope that helps,good luck.

IF

Hi jayk and welcome to the BR board. Have a look at the forms you would have to fill in for your BR. Below are the sample forms from NE Derbyshire CAB, they will help you. Click on blue links.

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)

Best wishes
If...x

jayk

Thank so much for the replies I received very helpful and I will take the advice given and get forms. I think taking some action will be better than none and its time to make a new start.

Thank you
from Jayk

sundays

Fermi provided me with a link a couple of days ago to be able to pay for it on line and view for the 2 pound charge or get it received in the post.
its prob on page 2.

Ineedaname

There's links in this post of mine with all the options available for each agency.

IF

Ineedaname wrote: »

I'll be honest here and say I have never posted off for my credit files by Recorded Delivery, I usually send them second class post and have never not received them. RD is useful if you want to check the applications have been received, but if you send a cheque (assuming you know someone with a cheque book) you can always see when that's cashed.

INAN, did you mean to post this here

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> https://forums.moneysavingexpert.com/discussion/3746021

The only reason, I put recorded delivery on my posts is that we have had many posters who have had to send to the credit agencies several times and faff about getting more P.O's as they had not received their files. I have a feeling they'd rather we spent more than £2!!

Ineedaname

Not sure how that happened, thaks for pointing it out, deleted from this thread.