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Planning to declare bankrupt - advice wanted please
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Groceries £500, how many people is that for?If you go down to the woods today you better not go alone.0
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Another question - I'm currently living in a shared house which is £650 all in. This is not ideal and I'm wanting to rent my own place for various reasons (including having the kids over).
My questions is, if I'm declaring bankrupt and you're basically saying the receiver will take all of my disposable income for 3 years (currently around £1000 a month in this shared house). It looks like I'd be better going and renting my own place which will massively increase my rent and bill costs - but that's fine because that's just money the receiver would otherwise take anyway, right?0 -
Absolutely get yourself a house to rent where you can have your children...before you declare BR.
Get all your ducks in a row1 -
OK thanks. And next, I really need to buy myself a car sometime over the coming months. (again, needed for bussing children around) - will the car be safe from being taken by the Receiver? We're talking a couple of grand for a runaround here, not a Ferrari. The answer to this will also have a big bearing on where I move to. If I'm not allowed a car that's going to limit where I can live and how much I rely on other people.0
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The official value of a car you are aloud is £1000
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To add to this, unless you are able to find a private landlord who doesn't run credit checks, renting a place now will probably be easier than after you've gone bankrupt.luvchocolate said:Absolutely get yourself a house to rent where you can have your children...before you declare BR.
Get all your ducks in a row1 -
Hello, I don't know if you're aware or if anyone has already mentioned, the Amigo loan is normally a guarantor loan. This would mean whoever is your guarantor will still be liable for debt.
Good luck with everything.1 -
This is a very good point, your guarentor needs to be informed ASAP.NewOutlook said:Hello, I don't know if you're aware or if anyone has already mentioned, the Amigo loan is normally a guarantor loan. This would mean whoever is your guarantor will still be liable for debt.
Good luck with everything.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 forumteam@moneysavingexpert.com. 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.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
If the OP has not been paying any of their debts for the past 1-2 years then I am sure, if there is a guarantor, they would be fully aware of it by now?
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