scared about going bankrupt

jones160312

Thank you for the above, we earn just over the threshold so have got to find all the money. My mom (the only person we have told) has said that she can help us out with some of the money is this allowed? I have told her how BR works and has said that it doesn't matter when we give her the money back.

Also do the courts or OR ask where the fee money has come from?

emmarbos

one thing i am a little worried about is the fact that about 2 weeks ago i had to get a new washer dryer (through very as my previous one broke down) im worried they might think i was unreasonably spending. But it was due to the fact that 2 weeks ago I wasnt planning on going bankrupt (since then i have recieved a lot of letters relating to a property with my ex and after a discussion with my family feel this is the only option.)
Thats an aspect im worried about.

tiggerbodhi

Don't believe that is "un reasonable" you need to wash and dry your clothes, it is also pre BR so doesnt really come into it, "un reasonable" is going out and maxing your credit cards on holidays, cars and other "luxuries" then petitioning for BR the next week or day

tiggerbodhi

jones160312 wrote: »

Thank you for the above, we earn just over the threshold so have got to find all the money. My mom (the only person we have told) has said that she can help us out with some of the money is this allowed? I have told her how BR works and has said that it doesn't matter when we give her the money back.

Also do the courts or OR ask where the fee money has come from?

No they do not ask, as long as they get £700 in cash (they dont take cheques or credit cards from Bankrupts oddly ) thye are happy, if and it's a big IF you get to see a Judge he may ask, but my initial problem was understanding the scale of BR and how many people are petitioning, you may think your debts are huge and embarrasing, but you might find you are just a small fish in a big pond which sometimes is an advantage.

deemjay68

Hey there... I am about to be made bankrupt for a LOT of money form business and a little personal. If it helps, you are most certainly not on your own. I wish you luck and do please let me know how it all goes. Reckon there are a lot of people in the same boat. You're alive, they cannot jail you and it's not a hanging offense. I wish you luck and if I can support in any way just by someone you don't know to vent to I offer my help. It happens to the best of us and there's a LOT of wealthy people who have also been through BR. Good luck! Be happy!

jones160312

deemjay68 wrote: »

Hey there... I am about to be made bankrupt for a LOT of money form business and a little personal. If it helps, you are most certainly not on your own. I wish you luck and do please let me know how it all goes. Reckon there are a lot of people in the same boat. You're alive, they cannot jail you and it's not a hanging offense. I wish you luck and if I can support in any way just by someone you don't know to vent to I offer my help. It happens to the best of us and there's a LOT of wealthy people who have also been through BR. Good luck! Be happy!

Thank you for the above. It's nice to know others are in the same situation and there's a place to ask questions without being judged
I'm finding the saving hard for the fee, creditors call daily but I dont want to give them money (even the £1 cccs suggested) as it means giving them my bank details. I have mentioned to my hubby about eating beans next month so I can go BR in October but I feel bad for him as this is my debt