Considering Bankruptcy

gettingitsorted

It can be a very frustrating situation as in needing to file for BR and some how finding the fees .

you are taking the right steps forward Alan,there will be some sort of light at the end of the tunnel.

anything we can advise you on or if you need anwsers to questions then post away and one of us will be at hand

AlanD_3

The other thing we have to do is decide if we need to both go bankrupt or not, depends on what name is on each debt I suppose... what about joint debts, can they be signed off from just one partner or do they require both?

THANK YOU to everyone.

gettingitsorted

What happens to my Joint Debts if I go into Bankruptcy?
If two people have joint liabilities and one goes into bankruptcy, those joint liabilities then become the sole responsibility of the non-bankrupt debtor.

Thats off this site. http://www.bankruptcyadvisoryservice.co.uk/guide.php

AlanD_3

gettingitsorted wrote: »

What happens to my Joint Debts if I go into Bankruptcy?
If two people have joint liabilities and one goes into bankruptcy, those joint liabilities then become the sole responsibility of the non-bankrupt debtor.

Thats off this site. http://www.bankruptcyadvisoryservice.co.uk/guide.php

Ug... looks like it'll be £700ish we need to find then... !!!!!!.

Thanks!

gettingitsorted

your welcome

gettingitsorted

Alan if you could list your income and expenditure and any debt repayments you are currantly paying we can see if theres a way of getting the fees together and also if your eligable for the slightly reduced fees .

Richard_S

Alan,

Are you repaying any debt at the moment that you could stop paying to be able to save for the fees?

Richard

Richard_S

Hi GIS,

Haven't seen you around for a while, how are things with you? I saw one of your posts with your weekend working hours; they seem quite demanding

Rich

gettingitsorted

Richard_S wrote: »

Hi GIS,

Haven't seen you around for a while, how are things with you? I saw one of your posts with your weekend working hours; they seem quite demanding

Rich

Hi Rich ,

im fine thanks still working like mad ,doing shed loads of overtime at the min so im never on line in the evenings,this week im on 6pm till 2 am monday to friday although was in this morning 9 till 12 then back on tonight also working my 2 evenings off this week so am in sat and sunday doing 4pm till 2am.

How was the move ?

I hope you and jane arn't pushing yourselves too hard (like i can talk:rolleyes: )

Still have not managed to do the budget sheets you sent me :eek:

gettingitsorted

Richard_S wrote: »

Alan,

Are you repaying any debt at the moment that you could stop paying to be able to save for the fees?

Richard

Thats what i ment:D