thinking of bankruptcy

stuckinrot

thanks iva said the BR WOULD COST me 1400 that includes court and there fees

sniggings

sorry I'm remembering stuff all the time so posting again rather than editing my old posts so you don't miss it.

Not sure ringing the IVA people will be a good idea, it maybe if they are a good IVA but some will pressure you into not going BR and may give you the wrong info, rember some IVA people make a lot of money from people on IVA so it is in their interest to keep you on one.

sniggings

stuckinrot wrote: »

thanks iva said the BR WOULD COST me 1400 that includes court and there fees

:rotfl:mate leave them well alone, you can do the paper work yourself as they are not that hard or one of the help lines will help for free and we can help too.

I would not ring them untill you know what you want to do, then just stop paying them and go BR with advice form a help line.

stuckinrot

thank you so much
i feel so much better

stuckinrot

are you still in br

sniggings

stuckinrot wrote: »

are you still in br

BR lasts for a max 12 months but could be sooner if they are not busy and discharge you sooner, if you have to make a payment as you have spare income then you pay that for 3 years.

I didn't have a payment so was all done and dusted after 12 months as I didn't get an early discharge.

stuckinrot

bet i will i have to pay with my luck lol

sniggings

stuckinrot wrote: »

bet i will i have to pay with my luck lol

You better not prove me wrong as I am yet to be proved wrong on anything :rotfl:

Night mate.

PippaGirl_2

The cost of BR is currently £700, the court fee of £125 you may be entitled to remission for depending on your income the remaining £525 needs to be paid.

Your family are right in that the debt you owe them will be taken into the BR and 'written off' with all the other debt. This does upset family understandably as they feel deceived and let down. Many people choose to reassure the family that once the BR has ended, that even though they are not obliged to, that they will pay them back at a later date and that often salvaged relationships. But to disown someone is really poor and I'm sorry they are threatening you this way.

I take it that you are not in receipt of housing benefit as you are living with family members? It sounds as if you would be entitled to HB so if you were to find your own place away from family you would be entitled to some HB and CTB in your new place so I would not let this threat be part of the decision you make. However do take proper legal advice from one of the FREE charities before making your decision, for instance the Citizens Advice Bureau.

stuckinrot

thank you so much for your reply.
i don't get housing benefit,
i was not sure what to say when my family said we just put your rent cause we need some money. i am meant to start paying them back in August. Yes they did help me lots but i am in such a mess i simply don't money pay them or iva.
i will mention what you said and see what they say.
thank you for your support.