We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
My experience of going Bankrupt in Bournemouth
conspiracy
Posts: 31 Forumite
Well thanks to all the help and advice I’ve had from other members here I’ve decided to bite the bullet and go bankrupt.
This is a right up of my experiences tailored to people in Bournemouth.
The procedure is pretty much the same countrywide but when I was thinking about it I wanted info from people who had done it where I lived to put my mind at rest and ease some of the nerves by knowing what to expect. Anyway I’m waffling now so lets get to it.
At Bournemouth you don’t need an appointment but its is recommended that you visit the court first thing (08.30)
You will only need your fee (currently £485) and the forms which you can fill out online at www.insolvency.gov.uk
Once at the court you will go into a side room where a member of staff will check your forms give you another quick form to fill out that takes less than a minute and swear an affidavit. Then you will go to the counter and pay the fee.
What happens next is you will asked to return to the court at 11am and wait in case the judge wants to see you. Please bear in mind you may have to wait a couple of hours but you MUST be there from 11am. In most case’s you won’t go in front of the judge yourself as he or she will make a ruling by just seeing the paperwork but if they want to clarify anything then you need to be prepared to go in front of them (don’t worry it’s a relaxed affair as your not a criminal!!)
In my case I waited for about 40mins and then a member of staff called out my name, gave me a copy of the paperwork and that was it! I was now bankrupt. :eek:
Now that the judge has made you bankrupt it is in force straight away. If your being chased or hassled by any of your creditors you just tell them that you are bankrupt give them the case no. and the address of the Official Receiver as they are now responsible for your financial affairs.
So what happens next?? Well you will be contacted by the OR in the next couple of days to arrange an interview. This will normally be done on the phone and take about 20mins. If your case is complex then the interview may take longer or you may be asked to attend an interview in person.
Well that was my first step to being debt free! :j Once I have had my OR interview I will post again with a review with how that went so stay tuned!!!
Cheers
Paul.
This is a right up of my experiences tailored to people in Bournemouth.
The procedure is pretty much the same countrywide but when I was thinking about it I wanted info from people who had done it where I lived to put my mind at rest and ease some of the nerves by knowing what to expect. Anyway I’m waffling now so lets get to it.
At Bournemouth you don’t need an appointment but its is recommended that you visit the court first thing (08.30)
You will only need your fee (currently £485) and the forms which you can fill out online at www.insolvency.gov.uk
Once at the court you will go into a side room where a member of staff will check your forms give you another quick form to fill out that takes less than a minute and swear an affidavit. Then you will go to the counter and pay the fee.
What happens next is you will asked to return to the court at 11am and wait in case the judge wants to see you. Please bear in mind you may have to wait a couple of hours but you MUST be there from 11am. In most case’s you won’t go in front of the judge yourself as he or she will make a ruling by just seeing the paperwork but if they want to clarify anything then you need to be prepared to go in front of them (don’t worry it’s a relaxed affair as your not a criminal!!)
In my case I waited for about 40mins and then a member of staff called out my name, gave me a copy of the paperwork and that was it! I was now bankrupt. :eek:
Now that the judge has made you bankrupt it is in force straight away. If your being chased or hassled by any of your creditors you just tell them that you are bankrupt give them the case no. and the address of the Official Receiver as they are now responsible for your financial affairs.
So what happens next?? Well you will be contacted by the OR in the next couple of days to arrange an interview. This will normally be done on the phone and take about 20mins. If your case is complex then the interview may take longer or you may be asked to attend an interview in person.
Well that was my first step to being debt free! :j Once I have had my OR interview I will post again with a review with how that went so stay tuned!!!
Cheers
Paul.
0
Comments
-
Thank you for your post its always good to get feedback like this.0
-
Glad to hear it all went well for you.
Things can only get better for you now.:j WILL GET THERE SOON :j
WATCH OUT FOR THE PIG FLYING PAST!!
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:0 -
caveatvenditor wrote: »Bankruptcy rocks! :j
Can't wait to go bankrupt again :T
Neither can I.
I borrowed 10's of thousands and can't be bothered to pay it back. I'm so proud.0 -
caveatvenditor wrote: »Bankruptcy rocks! :j
Can't wait to go bankrupt again :T
You haven't got the intelligence to get into debt.:rolleyes:0 -
-
blind-as-a-bat wrote: »Hmm a day late this normaly happens on a saturday:rotfl:
Maybe the full moons affecting some water filled craniums.:rolleyes:0
woop-woop-woop Idiot Alert..woop woop woop Idiot Alert This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards