We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Statutory demand
malloandson
Posts: 22 Forumite
Hi
recieved a statutory demand for a credit card debt of £4500 threatening bankruptcy, already have credit card and bank account debts of around £38000, and due to my circumstances unable to offer any payments at present any advice would be appreciated.
recieved a statutory demand for a credit card debt of £4500 threatening bankruptcy, already have credit card and bank account debts of around £38000, and due to my circumstances unable to offer any payments at present any advice would be appreciated.
0
Comments
-
Hi Mall and welcome,
PLEASE call CCCS for professional advice about your debt, they will help you to take the right steps to becoming debt free!
...Linda xxIt's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
We dont count all the runners ahead of us & feel intimidated.
Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.0 -
who has sent you this demandI am a debt counsellor working in the voluntary sector - we don't charge our clients for the work we do!0
-
thanks Linda
I was getting help from payplan but they say just carry on but like most the debtors keep coming and i can't see the end of this problem.0 -
Are you still with Payplan?
If so, tell them when you get demands and let Payplan deal with it.
Is it a debt that's already covered by your DMP?
...Linda xxIt's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
We dont count all the runners ahead of us & feel intimidated.
Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.0 -
the demand is from Capquest a company that took over my sky card account.0
-
Next question
Do you own your property or do you rent it?I am a debt counsellor working in the voluntary sector - we don't charge our clients for the work we do!0 -
It's very unlikely that CrapQuest would go through with it.:rolleyes:
Do you want them to?
In your thread from a while back you were considering going BR anyway?
http://forums.moneysavingexpert.com/showthread.html?t=707463malloandson wrote: »hi to all
i have around 40k of credit cards debt all soley in my name, i have previously used a informal arrangement with all creditors, but now i have no surplus income but the creditors still hounding me with defaults threats of ccj and courts, i am tempted to apply for bankruptcy but i am concerned with acouple of things,
firstly I am not named on our mortgage, but may be classed as having a financial interest in the property and my wifes mother bought her a car last year with a loan from her credit union, but the car is registered in my name soley for cheaper car insurance, i think it would be classed as a asset, would appreciate any advice, thanksFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Our house is in my wife's name only and I did consider BR before but was concerned about the consequences of it, I was using a formal agreement with my creditors0
-
Aha, Detective Fermi!
...Linda xxIt's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
We dont count all the runners ahead of us & feel intimidated.
Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards