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Advised to go bankrupt

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  • fatbellyfatbelly Forumite
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    It does look like bankruptcy so you have two things to sort out:
    1. The fees (£680 each)
    2. The car. If it's essential, a car valued at under £1000 is  exempt.

    How are you not paying council tax?
  • CrazyGirl91CrazyGirl91 Forumite
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    Hi  sorry i missed that its 115.
    the car is valued at 9000 i still owe 8000.
    I dont know what i will do without a car
    the kids schools are 4miles away  so would have to be taxis  which is going to cost alot.

  • edited 20 October 2020 at 8:19AM
    bradders1983bradders1983 Forumite
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    edited 20 October 2020 at 8:19AM
    Doesnt look much scope there to raise £1000 plus two lots of £680 quickly, I make that £2360, they may as well stop paying the car as no way they get to keep it so there are some funds you can start to save to pay for the fee. If you have any undefaulted credit cards maybe start withdrawing cash off them, yes not a great thing to do normally but hardly going to matter and the OR will know you have done it to pay the fee so wont be an issue. If you are making any sort of payments to service the debts, stop now and save that money up towards the fees.

    The no council tax thing is a bit odd though.
  • CrazyGirl91CrazyGirl91 Forumite
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    Thank you for your help, im really not sure what to do.
  • bradders1983bradders1983 Forumite
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    Thank you for your help, im really not sure what to do.
    Are you paying council tax? How much?
  • CrazyGirl91CrazyGirl91 Forumite
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    115 monthly
  • bradders1983bradders1983 Forumite
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    OK so that puts you into negative then.   Are you paying anything at all towards the debts?

    As for taxis to school....well we have no idea where you live. Bus routes exist surely?
  • CrazyGirl91CrazyGirl91 Forumite
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    Hi im paying £1 token payments apart from the hp car. My son Regular kicks of on buses  really difficult especially when have my youngest to look after also. He is going through autism  assessment and   also has a full time 1-1 at school.
    Extremely difficult
  • Grabs39Grabs39 Forumite
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    If your children have to go to school 4 miles away then they’re entitled to help from your local authority (council).  This would normally be a bus pass, but if you speak to them and discuss your sons circumstances they may be able to provide other alternatives.  https://www.gov.uk/free-school-transport

    Most of the children in the ASP my wife teaches get a taxi or minibus to school (paid for by the council).
  • sourcratessourcrates Forumite, Ambassador
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    Plenty of cheap cars under a grand.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.
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