What are your allowances when going for bankrupsy

cuddlymarm

Hi

I have been reading about bankrupsy and think I understand it as we are allowed to keep personal items and bascs such as furniture etc and that we have to put forward a budget that we have to stick to.

Is there a list somewhere of what and how much is acceptable?

Also if we file for bankrupsy does this mean that we shouldn't get harrassed by our creditors? Also that balliffs won't call until the OR tells them to?

Please excuse these if they are daft questions but it seems a lot to absorb all at once:eek:

Mike_St_Helens

Im a little 'fuzzy headed' at the moment ... Ill post tomorrow and proper try and help. I know a good bit about this...

Mike

tight_jock

cuddlymarm wrote: »

Hi

I have been reading about bankrupsy and think I understand it as we are allowed to keep personal items and bascs such as furniture etc and that we have to put forward a budget that we have to stick to.

Is there a list somewhere of what and how much is acceptable?

Also if we file for bankrupsy does this mean that we shouldn't get harrassed by our creditors? Also that balliffs won't call until the OR tells them to?

Please excuse these if they are daft questions but it seems a lot to absorb all at once:eek:

Hi Cuddly
As Mikey is a bit out of sorts I`ll give you a bit of info to be going on with.
I haven`t go figures for allowances so Mike will probably get them to you tomorrow

Your creditors will stop hassling you once the OR has notified them of your BR status. This may take a week or two but you can tell any callers that you were declared BR on Date and give your case number and court. This should stop the majority of calls immediately but you will always get one or two who try it on.

Bailiffs will not ( should not) call after you have been declared. if any one contacts you simply refer them to your OR

Best of luck:beer:

TJ

cuddlymarm

Hi again

It's all gone quiet so I' m wondering whether anyone else can help.

Thanks in advance if anyone can help:rotfl:

Mike_St_Helens

Im always a flutter head.. Please dont be scared to PM if anyones promised anything and not delivered.. Ill sack em if they dont reply !!

Here are what we had for 2 of us...

Mortgage £470.00
Council Tax £100.00
Building Insurance £35.00
Gas £60.00
Electricity £50.00
Water £30.00
Hols £60.00
TV Licence £12.00
Telephone/PAYG Mobile £50.00
Road Tax/MOT £20.00
Car Insurance £40.00
Petrol/Public Transport £200.00
Car Maintenance £40.00
Breakdown Cover £10.00
Food/Household Goods £320.00
Dry Cleaning £20.00
Clothing/Footwear £40.00
Haircuts £20.00
Prescription Exersise £30.00
Prescriptions £15.00
Dentist/contact lenses/Glasse £15.00
Pet Insurance £10.00
Pets £25.00

Hope that helps a little.....

cuddlymarm

Hi Mike
Thanks for that

So would the OR be understanding about something like an ill pet (we have a dog with recurring lumps that have to be removed (£400 a time) He's fine aprt from this and not in pain (apart from the discomfort of the ops which is only for a few days each time) It would be heartbreaking to have to have him destroyed for the sake of money.

He part of the family

stressfromdebt

hi all,

there is alot to digest from going bankrupt my head is on such a spin
im confused on where to start this whole new chapter...

VivCk

Hi,
Don't have him put down - you can get him treated at a PDSA if you have one near you, or the Blue Cross.

Good luck,

Viv

cuddlymarm wrote: »

Hi Mike
Thanks for that

So would the OR be understanding about something like an ill pet (we have a dog with recurring lumps that have to be removed (£400 a time) He's fine aprt from this and not in pain (apart from the discomfort of the ops which is only for a few days each time) It would be heartbreaking to have to have him destroyed for the sake of money.

He part of the family

cheshire

Mike_St_Helens wrote: »

Im always a flutter head.. Please dont be scared to PM if anyones promised anything and not delivered.. Ill sack em if they dont reply !!

Here are what we had for 2 of us...

Mortgage £470.00
Council Tax £100.00
Building Insurance £35.00
Gas £60.00
Electricity £50.00
Water £30.00
Hols £60.00
TV Licence £12.00
Telephone/PAYG Mobile £50.00
Road Tax/MOT £20.00
Car Insurance £40.00
Petrol/Public Transport £200.00
Car Maintenance £40.00
Breakdown Cover £10.00
Food/Household Goods £320.00
Dry Cleaning £20.00
Clothing/Footwear £40.00
Haircuts £20.00
Prescription Exersise £30.00
Prescriptions £15.00
Dentist/contact lenses/Glasse £15.00
Pet Insurance £10.00
Pets £25.00

Hope that helps a little.....

Hi Mike, I was just wondering. The amounts you quoted, were they the figures you presented to the OR and were accepted or were they given to you by the OR and you were advised these were your allowances. Many thanks in advance.