Bankrupt & Brighthouse

jamesod90

Hi,

I need a little advice, I am about to be made bankrupt, I am 23 and it is really my best option from what people are telling me, I owe £6,800 out in student overdrafts, £800 in general finance and I went into a failed business venture relating to IT of which I have been issued with a CCJ for £3,900 and a Statutory Demand on the CCJ...

What I want to ask is I've got goods of Brighthouse, these are over 12 months into the 3 year agreement and I'd like to keep them and keep paying them, the stat demand is up in 2 days and I imagine they'll petition for bankruptcy...

Will I be able to keep the goods or will I have to hand them back??

Very stressed at the moment so some advice will be really appreciated...

Best Regards
James

jamesod90

I would also like to ask another bit of advice,

the company that are making me bankrupt are pursuing me directly the original debt was in a limited company name, they asked for my signature even though i was not a director or officer of the company,
can i have the stat demand set aside on these grounds?

National_Debtline

Hi James,

Check with Brighthouse as to what their policy is if you were to become bankrupt. It is quite possible that items would need to be returned. In addition, in the majority of cases the official receiver isn't likely to allow you to keep paying towards these items.

If you are not personally liable for the debt you may be able challenge the legitimacy of the statutory demand. if the debt is in the name of a limited company the creditor should be chasing that company. It is generally the case that a director could be held liable if they either signed a personal guarantee - or that the creditor can 'pierce the corporate veil' in some other way.

What was your relationship with the limited company?

Have you any assets?

Best wishes,

David @ NDL.