Can someone who is unemployed go bankrupt

Rylynn

alastairq wrote: »

Going back to the 'job'?
Ox...why would you 'resign' from your job?

Why not just let your employer go through the process of sacking you ? [once you have petitioned BR]

Sorry Alistair has Ox said he would resign, if so I did not read that part. I would have expected him to have seen what happened first.

I also would like to know what happens when he is discharged can he work in his field again?

gizmo111

Gizmo, look my friend I have given up alcohol, I have had a stressful day and now you tell me it will take 51/2 years PLEASE!:eek: don't do this to me! L

Go get a bottle of wine - it'll help - OX is sending us all slightly mad:p

Look I've just cut 7 years off it, and he hasn't even taken cutting back seriously yet - it was 121/2 to start.

If he goes BR he looses his job. If he goe IVA he will lose his sanity as the budget is just too tight on them - as you know sadly.
DMP he can pay back and still live reasonably and have flexibility if he can't pay one month.
I'd still be inclined to keep that £10K for full and finals in a few months time though.

gizmo111

alastairq wrote: »

Going back to the 'job'?

Ox...why would you 'resign' from your job?

Why not just let your employer go through the process of sacking you ? [once you have petitioned BR]


Does your employer want to lose your talents?

Can they employ you outside of your present role? [Certainly for the duration until AD?]

Does your employer have a HR department? [So that you could investigate exactly what happens in cases such as yours?]

He's only been there a few weeks on a 12 month contract and from what I can make out spends most of the day on here.

And here http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=51783&whichpage=1

Rylynn

gizmo111 wrote: »

He's only been there a few weeks on a 12 month contract and from what I can make out spends most of the day on here.

:rotfl::rotfl:

I know I wondered if he was in work or working *cough* from home!

To be fair I do remember how stressful this was, both in 2005 and in 2008. In fact in 2005 I have no idea how I got through it all, I was totally on my own. My mother did not even know what an IVA was nor did my two elder kids (who had left home anyway) my youngest was 10 all he understood was his mum was stressed and money was non existent for anything other than basics and I mean basics.

I did the first meeting in petrol station car park at their suggestion and attended the first creditors meeting on my own, and no one showed up and it was not accepted, very odd now as when I think back my parting words to the woman was okay I am going home then to sort out going bankrupt, it was accepted the following week and I have always wondered if the two creditors who did not even bother to make contact were made aware they would get next to nothing if I went the BR route. One creditor said no but with the others saying yes it was outvoted, he was owed the least money as well the moron.

Problem also is, is this information overload, if you think you only have one choice which I did you take it simple as that. I was also in the situation of knowing the bailiffs would be knocking any time soon, and I could not have that with my elderly mother at times on her own here, she would have been duped into letting them in.

By 2008 I was more savvy but not savvy enough and a very dear friend knew I was about to crack up and sent me here. The rest as they say is history. But lets be fair again I only had one option as the IVA had failed, so I had to go the BR route.

Ox however has all these options and I wonder how I would cope with all that information and it is complicated at times to understand, especially when you are in a brain fog and you are suffering depression. I think I would be in a state as well to be perfectly honest with you.

I try very hard not to judge other people, going through all of this has altered my whole perception on life. I live for now I take one day at a time. I am still a worry bucket but more about my son than anything else.. and I know for a fact I will never in my lifetime have another credit card, loan or be in debt.

I am pleased in some ways that things did happen, I learnt some very hard and very valuable lessons, I know what is important in my life and it sure as hell is not a fancy new car, or new hair do, or handbag for hundreds of pounds, not that I ever spent hundreds of pounds on any handbag in my life.

I am trying to give Ox the benefit of the doubt here, people were insinuating he was a troll, I did not and still do not think he is.

People are fed up now he knows that I know that, but when you need someone to chat to and there is no one there around sometimes you can go overboard on this type of online site.

I only saw your link after I had posted this!!!

gizmo111

I only saw your link after I had posted this!!!

Apparently thats been locked now as they are going round in circles and after 11 pages have nothing else to say to him??

I don't think he is a troll as such, but he sure needs help and not the financial type, quite sad really, I don't repeat myself that much after a night on the bacardi:D

coolcait

Rylynn wrote: »

Can someone who is unemployed go bankrupt?

Yes.






MSE MSE

Rylynn

coolcait wrote: »

Yes.






MSE MSE

Thank you.

I really hope that Ox goes back to his GP and seeks the professional advice he need to make this decision as it can be a crippling experience as far too many of us know.