My first post - few questions

ebayfan_2

Hello all

This is my first post to the forums. After a bit of soul searching I have decided that I am going to go bankrupt. The mental pressure was becoming too much for me and I was in a very low period for a long long time. Now I have decided to go bankrupt I feel so much relief already, is that wrong?

I have a couple of questions that I someone can help me with,
How long do I have to wait for a court date after filling the forms in?
Will it affect my husbands financial affairs? (nothing is in joint names)
Do I tell my creditors now that I am filing for bankruptcy or is it better to wait and let the OR do it?
Can my employer sack me? I am not in an 'at risk' job.

Thanks
Ebayfan

Sooty0404

Hi Ebayfan

Court dates vary dependent on how busy they are.
Your husband will not be affected if the debts are yours alone.
Don't tell creditors if you are doing this soon - they will find out from the OR
Your job should be OK unless you hold a financial position or are a Company Director

Good Luck

shameless-about-money

You need to phone your local County Court to see if they deal with bankruptcies and then find out how long you have to wait for an appointment. Some are walk-in, some have a 12 week wait.

It will not affect your husband at all.

Don't tell your creditors since it will not stop the phone calls and/or letters - they think you are making it all up.

For your employment - just to make sure - read your contract of employment and see if it mentions anything about bankruptcy meaning immediate dismissal from your post. You should be safe, though, but this is one way of checking.

ebayfan_2

Thank you for your quick replies.

It is all really scary but it's certainly seems a better way than all the threats, phonecalls and letters. How do you all cope with it or is it not as bad as I'm making it out it my head?

Is there any reason for them not to grant bankruptcy? Not that I anticipate any problems as I have no assets and owe a large amount of money.

Sooty0404

The way to deal with the phone calls is to realise that it is not personal. An autodialling system calls you and the person on the other end doesn't know who they are speaking to until your details come up on their screen.
I don't, for one minute, condone this type of operation and it does become a pain in the backside when they are calling several times a day but you always have the option to hang up if you are not happy with the way the call is going. I wish I had £1 for every call I've received during the past year - my worries would be over.

At the end of the day they don't know you and you don't know them.

You owe their company money and they are employed to try and get it back.

They probably get more abuse in one day than we get in a year and if it is a foreign call centre they are working for a pittance.

Treat the calls with total indifference - its all part of the debt recovery game and once you know the rules you can play too!

Never part with money you can't afford.

shameless-about-money

When the creditor is MBNA you can have some fun and games with their staff - they are trained monkeys!!

The creditor letters and phone calls do get you down that's a fact. Once you have the credit sorted - by an IVA or bankruptcy, the creditor contact suddenly magically stops.

Mike_St_Helens

shameless-about-money wrote: »

When the creditor is MBNA you can have some fun and games with their staff - they are trained monkeys!!

The creditor letters and phone calls do get you down that's a fact. Once you have the credit sorted - by an IVA or bankruptcy, the creditor contact suddenly magically stops.

:eek: :eek: Guess that makes me an Ex trained monkey then....

Sooty is right about the calls, treat them in a whole new light, or indeed do one of two other things, dont answer them, or change your number.

Its a daunting time for you, but once its all over the sense of releif is emmense. You sit back and wonder why it got so difficult.

The guys around here are cool, and have an answer for almost anything. Have you saought the 'professional' advice thats needed. This is the only reason that the judge would not allow the bankruptcy. Make sure .. for sure that bankruptcy is the right thing for you, get all the advice and facts together, then make the decision. We will just be here to follow you through it regardless of your decision.

Mike

shameless-about-money

Did you work for MBNA ??????

Really????

Poor you!