Help... Claim Form from County Court Business Centre

akan7

Hi just wondering if anyone can advise me on what I should do.
Yesterday I received a claim form from county court business centre regarding a lloyds overdraft of £2900.
I left the bank in aug 2010 with overdraft of around £1800.
I've been thinking about going bankrupt.
How do I go about with this?

Thank you



Received a claim? Yes
Issue Date: 10-11-2014
Amount approx: 2900
Claimant: CABOT FINANCIAL
Solicitor: RESTONS SOLICITORS
Original Credit: Lloyds Bank - Current Account

seanavfc92

You have until the 29th November to reply to them.

Do you admit to the debt? If you do, you need to complete the N9A form (the admission form).

Complete the income and expenditure as accurately as possible.

You will need to request an instalment amount in section 11. This needs to be something affordable, but at the same time enough for the creditor to accept.

If you want help with what to offer, you'll need to let us know what your surplus is. That way, a pro-rata amount can be worked out for you.

When you've completed it, send it back to the CREDITOR, not the court. You'll find the address at the bottom of the claim form.

akan7

Hi, thanks.
only to part of the debt. but not all.
I'll not be able to pay this and other debts coming up.


what's the best options if I go Bankrupt?
admit to part of debt or not


Thank you

seanavfc92

akan7 wrote: »

Hi, thanks.
only to part of the debt. but not all.
I'll not be able to pay this and other debts coming up.


what's the best options if I go Bankrupt?
admit to part of debt or not


Thank you

If you admit to part of the debt then you need to fill out the N9B (defence form) stating you admit to £xx amount, along with the N9A form I mentioned before.

You'll also need to send off the N9 form (acknowledgement of service) to give yourself an extra fourteen days to prepare a defence.

My honest opinion? I, personally, would get in touch with CAB or StepChange for help. They will be able to compile a budget for you, as well as giving you more advice on dealing with the CCJ.

Either way, you need to think about sending the forms off pretty soonish, as you don't have too long to do it.

Make sure you send it by recorded delivery. The last thing you want is to get a Judgement in Default because the Royal Mail didn't deliver your paperwork!

longtermplanner

I've been thinking about going bankrupt.

Those are large debts, but you haven't given any indication about your income, whether you own a house or car or anything else, so we can't really recommend bankruptcy.

There is a seperate board for bankruptcy if you want to post there with more details about your situation: http://forums.moneysavingexpert.com/forumdisplay.php?f=136

Alternatively a good option for you would be to phone National DebtLine https://www.nationaldebtline.org/EW/Pages/default.aspx they can discuss the bankruptcy option with you and also help with advice about completing court forms for CCJs

seanavfc92

Have you considered compiling a statement of affairs?

Maybe this would help us get a better picture of your situation.