New too BR

bibby29

the car is on hp also

bibby29

personally i dont want to go bankcrupt. I would like to contact all my debts and arrange a monthly affordable payment but with 2 of my debts both 30k each i dont think they are going too agree too it

bibby29

when i work out earnings a month? wage is 505 so do i work it out this way? 505x52 divided by 12?

tiggerbodhi

bibby29 wrote: »

some are joint claims. As for haircuts, clothes etc i thought i had to put it in. I cant seem to afford these things i am reducing my sky as of tonight and we dont have a social life, i just ut it down cuz it said to do so on form.

what is SOA and OR? im new

I dont mind going without a mobile but then be classed as another debt as they are still in contracts?

OR- Official Receiver, the person who deals with all your financial affairs during BR until discharge.

SOA- Statement Of Affairs, all your outgoings and income, you can either put up what you are doing at the moment and look at trying to cut back to pay off debts or to prove to yourself that BR is the option or what will be the income and outgoings during BR, if during BR the OR "allows" some things but not others.

If you go BR with the car on HP it will be re-posessed, the outstanding will go into your BR.

with £60K of un-secured most want it paid off within ten years at the outside, so even with frozen interest and charges you are looking at £500 a month, even 20 years £250 a month and that is assuming no charges or interest, very unlikely.

You need to talk to the charities mentioned earlier, they will look at the "big picture" and advise you more than we can ever do.