Bank Statement etc.

craigy1973

Shortly planning to petition for my own bankruptcy. Can anyone advise. In your opinion how much detail does the OR go into in terms of things like bank statements etc. Do I need to provide 3 years statements or will they just want to look at 3 months? My statements are a bit patchy so not sure what I will need to provide / re-order from bank etc. Also, my creditors are business creditors following a failed business 3 years ago. I was managing to pay them off at an agreed rate until March when I suffered an accident and haven't worked since. As a result my statements will show things like holidays, eating out etc. I was keeping on top of my agreed payments, but will the OR think it extravagant? Advice please.

craigy1973

Another question also... Since my accident in March I have not been able to work. I live with my parents and they are keeping me at present as they are very keen for me to recover without having to rush back to work (I broke my spine). As a result I have no real outgoings and no real income other than when my parents help me. What do I put on my SOA?

backontheup

Hi Craigy

Just give the OR whatever you have as statements. All of my file wasnt complete either due to me sticking statements in the bin and burying my head.

As for the SOA - just tell them exactly that. Surely you should be claiming benefits though, despite living with your parents? Go to http://www.jobcentreplus.gov.uk/JCP/Customers/WorkingAgeBenefits/index.html and start filling out the claim. You are not working and are fully entitled to something.

Dont worry too much about what is on the statements - you were not anticipating having such a serious accident and therefore did not anticipate this situation happening.

Good Luck

craigy1973

Thanks backontheup for the helpful feedback. It is useful to hear from people who have been through this. I don't have any friends or family who have been through this before so this forum is brilliant. I am just a bit worried about the OR process really (although getting relief from 90k of business debt probably makes the worry worth it really!). My debts arise from guarantees given as a Ltd. Co. director 3 1/2 years ago. The company failed and was wound up by HMCE (as the main creditor). I felt that the OR gave me a really hard time when that happened. Perhaps it is less taxing (mind the pun) in personal bankruptcy? Any feedback would be useful.