Been advised to go bankrupt

tigerfeet2006

I assumed that was the reason but wasn't sure, thanks Fermi.

wherediditallgo

It seems to have been moved/removed. However, if you look here you can find all the links to the relevant sections - it's a lot of info though.

fermi

I believe the spreadsheet contains figures/guidance on the areas that are vague or not not covered under the available parts of the TM you linked to WDIAG. I've read through all of that at some time or another.

i.e. averages for the sort of expenses covered in the HMRC trigger figures.

JCH

Thanks for the comments.

Regarding my statement - I am not really sure about adding the details about how much I was spending and between which points as I don't really know. Also I wasn't sure if it was best to keep things a bit brief and vague in the statement and then expand on them if and when the OR asked me.

I could do some digging around in my old papers to try and find the figures it was suggested I put in though...slightly concerned about saying something that would come back and bite me! Obviously I have known I have had difficulty paying my loan for a while as I have paid less than the contractual amount for 3 years or so and since that time, I have used my credit card and overdraft facilities!

Regarding the I/E sheet - thanks for the comments, I was also worried about the figures being too well matched and causing suspicion. I think I may have found the table that was referred to before on a different site and this link seems to work still -

http://www.hmrc.gov.uk/manuals/dmbmanual/DMBM800120.htm

I also found this post on another site that has a lot of information for OR's regarding the expenditures:

http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=100

Its all a bit of a guessing game I think! I suppose it depends on the OR you get and how your position looks overall.

I suppose in my case I need to make it clear that after I took out a consolidation loan and struggled to pay it, I did use some credit on cards and overdrafts as otherwise I wouldn't have enough to live off (especially whilst at uni), but it was only in the last month, when my loan company referred me to a collection agency that I realised I was in too deep and had to take alternative action.

fermi

JCH wrote: »

I also found this post on another site that has a lot of information for OR's regarding the expenditures:

http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=100

That is from the OR's "Technical Manual".

The original text of that info is here:

http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/part2/part_2.htm

JCH

Thanks - I should probabably have a good look through that!

I will have to resist watching the final of the snooker today How tragic is that!!!