What can i expect from here on????

GeorgeandDarren

Hi fellow BRs

Just finally got the balls to fill in the online BR forms,

What can i expect to happen now?? kaking my pants to tell the truth!!!

My current situation as at 26 MAY 08

Split from Wife last year, i got tto keep the house

My mortgage is still in joint names, im only £600 in arrears at the mo, but other creditors have suffered because of this

My DEBT LIST IS BELOW

HSBC 2k
EGG 1K
NORTHERN ROCK 38K
MBNA 6K
ABBEY 1K
and a few other creditors which add upto another 2K

My house has been on the market since we split, due to credit crunch, no sale yet
I have decided not to pay my mortgage this month and pay the fee for BR instead??, not to sure wether this is a wise move or not??

Court summons appeared as im behind on Council Tax,

Im at a total loss at the mo, you read other posts, yet the more you read, the more confused i get??

My plan is to move nearer work, nearer my kids, save on petrol, walk to work and rent a half decent place for my kids to stay

Thats another worry, can you rent when you are a BR??

Any one with any advice would be much appreciated

CCCS advised me to go BR 6 months ago, but just didnt want to lose my home, but now i cant wait to see the back of it

Merry_Gentry

Hiya

Can't answer all your queries but can help with a couple. We stopped paying the mortgage and creditors to save the money to go BR. When we decided to do that, we called a few lettings agent in our area to ask if they were happy to rent to undischarged bankrupts. There were two out of the four we rang, and we saw one house and are just going through the process of getting references, etc. The lettings agent we used ask everyone for a guarantor and a certain amount of money up front.

I don't think you need to tell your LL that you are bankrupt unless there is a bankruptcy clause in your tenancy agreement, so check on that too. Most LLs are just happy to get their rent cheque every month!!

Wishing you lots of luck. I too found the more I read, the more confused I got. So I set up a blog on here where I post all my questions which are relevant to me, and get the answers that help me, and read other people's posts for extra bits of info

philnicandamy

Hiya G&D firstly welcome to the forum.......

I can only echo what MG has said really you do need to contact one of the free debt helplines again for further advice (anyone in my sig below) my OR told our landlord about my Bankrputcy back in march last year...they replied "long as we get the rent each month we dont care" but make sure your tenancy agreement does not contain a bankruptcy clause...if it does then you could have problems if the OR contacts your LL

I know its a confusing time & too much information sometimes can be an overload...anything your not sure about or need some advice feel free to post away ANYTIME & someone will help you asap

dalip

This forum is many posters saviour(me included) no matter how silly you think the question is just ask away Like Phil and MG said ask away thats what we are here for. We have gone bc(been there got the t-shirt)but we stick around to help anybody who feels they need our help. So ask away.

Oh and welcome to the family:D

philnicandamy

Family????

more like welcome to the madhouse!! :rotfl: :rotfl:

welcome to bankruptcy and living with it.....you'll never leave!!!!!!!!!!!!

GeorgeandDarren

Thought no one was going to respond to my post, chewing my nails to the bone, got a question for you

Im going to court on Wed, I get paid wednesday also, what do i do, some posters say, take the money out, some say, close your account and open another one, and then some say you cant touch it???

Also, can i pay the fees on my debit card, as i cant draw out any more than £300 a day

Questions after questions......sorry

philnicandamy

You can pay the fees on your card...most OR's turn a blind eye to this....you "could" get the cash from your account before you attend court as once the BR order is signed your account and all your finances become the OR's property....if you wanted to wait until after the court case you would need to contact the OR office to release funds from your account...you would be well advised to open another "basic" bank account most users here swear by the co-op as its not the OR that closes accounts its usually the banks as once they hear of your bankruptcy..but if you open a basic account before going BR you still need to tell the OR

some reading about basic bank accounts here

http://forums.moneysavingexpert.com/showthread.html?t=474254

fiveyearplan

I thought you had to pay your fees in cash. Also, if its not too late to have your wages paid into someone else's account, you should do that. I would start drawing the money out of account now as you will need it for your basic living expenses. What time do you have to be in court? Is it possible for you to go into the bank and draw out your salary on Wednesday morning?

philnicandamy

People here have used credit cards in the past & its been allowed by the OR but thats to withdraw cash on NOT to use the card for fees as they dont allow cheques or credic cards for fee payment...I used my O/D to the max & he turned a blind eye

Merry_Gentry

Basically I would start taking out the max you can each day if it's too late to get your wages paid elsewhere. Otherwise you run the risk of having no money til the OR releases it from any frozen accounts.

dalip

philnicandamy wrote: »

Family????

more like welcome to the madhouse!! :rotfl: :rotfl:

welcome to bankruptcy and living with it.....you'll never leave!!!!!!!!!!!!

So very true phil,so very true but some do leave us:D
Madhouse yes but you have to keep a sense of humour otherwise you are donefor.;)