What do yu wish you knew before you went BR?

rog2

savagevixen wrote: »

Wish I had known what Bankruptcy was, I'd have done it years ago! Never knew it was a possibility, or what it entailed before I contacted CCCs!!!

Absolutely true Savage. I tried for three years to 'revive' a failing business - the Banks were absolutely no help - credit cards up to the limit, with higher charges than the minimum monthly payment - arguments with Black Horse Finance - DCAs - Inland Revenue - VAT - the list is endless.
NOT ONE SINGLE CREDITOR ADVISED ME TO TAKE INDEPENDENT ADVICE.

I had never even considered bankruptcy, until it was forced on me.

Had I been aware that Bankruptcy was a possibility - I would (or should) have chosen it three years ago.

It seems, to me, that creditors are happier to let you run up more debt, in the form of 'unlawful' penalty charges, and higher interest, in order to minimise their risks, rather than to offer constructive advice, or help.

papito

Probably this is to be look at if you are thinking of going to live abroad
http://www.insolvency.gov.uk/freedomofinformation/technical/foreignissues.htm

4everonline

its so so nice to hear all these advices coz i am also very much (have reached 87%) planning to go bankrupt but all i dont want them to do is take my car away (which was paid for by my wife in full, though i am the reg. keeper), my computer, my laptop & mobile fones (thought they are 4 yrs old)...I have a total debt of £9600