A few BR questions we need help with!!

antonic

It means that the Landlord COULD ask you to leave but its NOT a definite, especially if you have not missed a rent payment.

I do think though that you are obliged to tell them about you going BR, because once you do , you will appear on the Individual Insolvency Register - others may advise differently

http://www.bis.gov.uk/insolvency/personal-insolvency/individual-insolvency-register

and you will be on there for 15 months after the date of your BR, and the register IS a matter of public record.

sammie28 wrote: »

Can anyone advise me on this - Worried about wether we will lose our rented property when we go BR. The tenancy agreement states -
Forfeiture

In the event of any of the occurances listed below the Landlords may re-enter the premises or any part therof in the name of the whole and immediately there upon the tenancy will absolutely determine without prejudice to the other rights and remedies of the Landlords.
(d) If the tenants shall become bankrupt or enter an agreement with his creditors or suffer distress on his goods.

What does that mean?? I'm guessing it means we will get kicked out!
Don't know if it matters but we have never missed a rent payment since taking on the tenancy which is nearly 2 years.

tigerfeet2006

sammie28 wrote: »

Natwest .......

See the bank account sticky. The Co-op Cashminder and Barclays Basic are the only two that will definitely not be frozen upon BR,

The NatWest is an unknown quantity. Sometimes you are lucky and it will remain untouched by them and other times it is frozen and unuseable within a month or so.

https://forums.moneysavingexpert.com/discussion/3582093

sammie28

It's taken me nearly 2 days to fill in the Br forms! Still don't know if I have filled them in right. On my husbands i have put the mortgage shortfall in section 4 list of secured creditors! Now thinking i should of put it in unsecured! Also put his gas bill in there as they did get a charge put on the house.
Do i need to re print that page and put them on unsecured?

Also trying to fillin the EX160 form. We are not eligible for remission 1, looks like we are over the income for remission 2, cause you have to put wages from the last 12 months and benefits. Can't find my husbands payslips either. But looks like we are ok on remission 3 for the monthly income as we are well below the fixed allowances. But my problem is this - I have been off work with depression. Strain of the job and all the finance worry, bailiffs etc. I decided to hand my notice in as i can't think about anything else right now but dealing with the BR. So i will of been unemployed about 2 weeks when we go to court. How bad will that look to the judge?
Really worried they will frown upon it and think it was done just for the BR, when it wasn't. I was already looking for another job, due to getting my hours cut from 40-20 with no notice, things were fairly strained at work for a while, manager being really awkward about my hours, then i broke down with all the stress and that led to me leaving. Also what do i do about wages as i had a wage in december, but i've put that i'm now unemployed. So should i put anything in the 'take home pay' box?
Again sorry for all the questions, just don't want to turn up to court and they refuse the application because i haven't filled them in right. (Would they do that)

Mouse1812

Trust me, no one will "frown" upon you, least of all the Judge who will be more like a kindly old aunt or uncle.

Above all, no one comment on what you should or should not have done. They may ask what happeneed and it will be left at that.

Don't worry if the forms are not "complete and correct", no one will fuss about the detail. Just so long as you are insolvent and have taken advice the court process will be painless.

Once the OR is appointed they will go through the form with you and correct anything without any telling offs.

Not only have I seen this reported on here many times, I had already found it to be true myself.

sammie28

Thanks Mouse, that's good to know.