So, when I'm discharged, what changes?

Grumpy_Shunter

Just sat here thinking about what changes AD brings about! can I go out and get Sky TV back? Can I apply for one of these £1500 limit credit cards? can I go out and get a half decent motor? Can I run naked through the streets of Plymouth with £50 notes glues to my anatomical delights?:D

What gives? what's the differences between now and in 10 months time when I will be discharged? I'm generally intrigued.

alastairq

Apart from removal of bankruptcy restrictions.....and the fact an OR could no longer seek an IPA, not a lot!

It has more significance with regards to administering your BR estate than anything else, I think?

You can try for all those things you desire....even before discharge.

Whether they'll deal with you is entirely another matter.


You can buy a half-decent motor now...why wait?


[Or do you relish the opportunity of spending a few grand on a heap of junk?]


In ten month's time, you can forget having to inform a potential creditor you are undischarged BR if seeking an amount over £500.
[you are currently not prevented from applying for any form of credit whatsoever...just with the above proviso]

On your part, come AD, your financial tasks actually increase.....[credit file clean -ups....ensuring creditors actually comply with their rules]........and making sure you print off several copies of your details from the IS website, before it vanishes [3 months, usually]...


But, in all, AD is like Christmas...lots of high expectation,but passes with a whimper.

Grumpy_Shunter

alastairq wrote: »

Apart from removal of bankruptcy restrictions.....and the fact an OR could no longer seek an IPA, not a lot!

It has more significance with regards to administering your BR estate than anything else, I think?

You can try for all those things you desire....even before discharge.

Whether they'll deal with you is entirely another matter.


You can buy a half-decent motor now...why wait?


[Or do you relish the opportunity of spending a few grand on a heap of junk?]


In ten month's time, you can forget having to inform a potential creditor you are undischarged BR if seeking an amount over £500.
[you are currently not prevented from applying for any form of credit whatsoever...just with the above proviso]

On your part, come AD, your financial tasks actually increase.....[credit file clean -ups....ensuring creditors actually comply with their rules]........and making sure you print off several copies of your details from the IS website, before it vanishes [3 months, usually]...


But, in all, AD is like Christmas...lots of high expectation,but passes with a whimper.

Nothing exciting then, alastairq!

As far as Sky TV is concerned, the nice OR lady, she say 'NO', so that's out of the question. Applying for credit? Meh....... I'm never going to have credit again. If I want something, I'll do O/T and save for it. Credit is part of the reason why I'm on MSE BR forums.:p

My limit the OR has put on for purchasing a car is £1000. Imho, you can't get much of a decent motor for that -- I'm certainly not on about spending thousands. I would just like to be able to spend approx £2500 on a car. Not that I have 2k, you understand.;)

Ah well, back to watching freeview and driving a banger around!:rotfl:

fermi

You can have Sky TV if you want and can get it. The OR cannot say that you can't.

If you have an IPA the OR may not allow the Sky subscription as an acceptable expenditure item, but if you can jiggle your finances to pay for it anyway then they can't stop you.

If you are discharged without an IPA, then even that doesn't apply.

alastairq

As far as Sky TV is concerned, the nice OR lady, she say 'NO', so that's out of the question.

Which means, she would not allow the cost [over and above other options] on your SOA.

Nothing says you cannot have Sky.

It's just that, the additional costs would have to be found from elsewhere within your SOA.

In fact, a SKy broadband/telly deal is very competitive at present!

Applying for credit? Meh....... I'm never going to have credit again. If I want something, I'll do O/T and save for it.

Credit isn't just about 'loans'...credit 'applications' occur through a variety of sources....phone, TV, insurance, to name but a few.

For example, car insurance? If one's premium exceeds £500, and one wishes to pay monthly, for example, a 'credit agreement' is set up....and they need to be told if undischarged BR.
If premium is less than £500, then no mention need be made, unless specifically asked in the proposal.

My limit the OR has put on for purchasing a car is £1000. Imho, you can't get much of a decent motor for that -- I'm certainly not on about spending thousands. I would just like to be able to spend approx £2500 on a car. Not that I have 2k, you understand.

I suggest a quick visit to the motoring forum to get a more knowledgeable take on that concept?

Again, you are not strictly limited to that amount....certainly subsequent to the petition date.

Nothing to prevent you driving a car of greater 'value'.....especially if someone else technically 'owns' it?


Your limitations stem purely from what you can afford, and your particular needs..not from what an OR says you can, or cannot have.


We have to 'cut-the-cloth' according to our current needs and abilities.


edit...sorry fermi

Grumpy_Shunter

alastairq wrote: »

I suggest a quick visit to the motoring forum to get a more knowledgeable take on that concept?

A more knowledgeable concept I need not my friend. I worked in the motor retail industry for many a year. You cannot buy that decent a vehicle for £1000. £1000 - £1500 more makes one hell of a difference between a reliable (on a wing a a prayer) motor, and a very reliable car.

Saying that, I bought a brand new BMW 5 series a few years back - it broke down 4 times in the first month!:p

Ok, when I post my revised SOA in a month or so time (back to work after 8 months off from injury), I'll have a look at juggling around a few figure to see if I can afford Sky.

alastairq

hi..transport is really what you're after.

Reliability can be had for a few hundred pounds.....as I continually prove to myself.

Getting something that 'does the job' is more important than the badge on one's driveway.

Grumpy_Shunter

alastairq wrote: »

hi..transport is really what you're after.

Reliability can be had for a few hundred pounds.....as I continually prove to myself.

Getting something that 'does the joinb' is more important than the badge on one's driveway.

The badge on one's driveway is hugely irrelevant. Through experience a few hundred pounds does not, in-the-main, in any way buy you reliability - saying that, through industry experience, nor does/can several thousands of pounds.

I guess you've been lucky. Sadly, spending just a few hundred pounds on a car each time will inevitably go t*ts-up sooner or later. I wish you continued luck though. You seem to be on a run.:)

Tryingsohardtofloat

Grumpy Shunter,

you are allowed to run nekkid through the streets of Plymouth if you come & post photos of your doing so on here

Grumpy_Shunter

Tryingsohardtofloat wrote: »

Grumpy Shunter,

you are allowed to run nekkid through the streets of Plymouth if you come & post photos of your doing so on here

:rotfl:

I will be AD this time next year, so perhaps I will do that for Comic Relief!:o

alastairq

I guess you've been lucky. Sadly, spending just a few hundred pounds on a car each time will inevitably go t*ts-up sooner or later. I wish you continued luck though. You seem to be on a run.

Like bankruptcy, much depends on how much research, experience and thought goes into it, which decides the outcome.

'luck' has zilch to do with it.

The expenses in life occur when one becomes reliant on the skills of others?

I have never been disappointed with any of my cheapo cars.

And if, like millions of new cars, I happen to 'break down' on a journey, I pay, annually, a modest sum to be hoicked back home on a beavertail...or be repaired.

There really isn't anything on a car that is impossibly expensive to repair or replace.

If one is intent upon bumping along the bottom of the economic pond, one must be prepared to be relatively self-sufficient......or have a skill which can be bartered?


But...if the very worst does happen, what [financially] have I lost?

Certainly nothing as far as depreciation is concerned.

Everything automotive has a scrap value.....so even with that, it is simply a case of going out and buying another.

Even though there is an inconvenience factor, simply keeping one's 'finger -on-the-pulse', as it were, minimises that inconvenience.

No Sir...luck plays no part in it at all.


Like, making the best out of bankruptcy?