Made The Decision What Now ??

skibadee

I have finally decided after much deliberation to go bankrupt.

I am going to phone CAB to make an appointment with an advisor who can help me through paperwork etc.,

What do I do now....do I phone my local court and request forms?
Will I have to make payments to OR if [ which I doubt ] I have any surplus income....if so for how long?

If one of my creditors is Barclaycard would I still be considered for a basic account with Ba

betterlatethannever

skibadee wrote: »

I have finally decided after much deliberation to go bankrupt.

I am going to phone CAB to make an appointment with an advisor who can help me through paperwork etc., Well done! you can also use National Debtline or the CCCS if you need more advice. You can never have too much!

What do I do now....do I phone my local court and request forms? yes. Or you can download them off the internet or fill them in online. More info at the end of this message.
Will I have to make payments to OR if [ which I doubt ] I have any surplus income....if so for how long? yes, if you have a surplus of £99 or more then you will pay a % of it to the OR for 3 years- the amounts can change if you have a change in circumstances, and it can even be cancelled if you lose your surplus. Post up an I & E on here for the peeps to check over if you like.

If one of my creditors is Barclaycard would I still be considered for a basic account with Ba not usually a problem, but theres always the option of Co-Op cashminder

The forms are available here :
Here: https://www.insolvencydirect.gov.uk/isolv/
Or if you want to download the paper forms to print and fill in by hand they are:
You need the first two plus the notes:
Debtors Bankruptcy Petition:
http://www.insolvency.gov.uk/pdfs/forms/form6-27.pdf or
http://www.insolvency.gov.uk/pdfs/forms/form6-27.doc
Statement of Affairs (Debtor's Petition):
http://www.insolvency.gov.uk/pdfs/forms/6-28.pdf or
http://www.insolvency.gov.uk/pdfs/forms/6-28.doc
Statement of Affairs (Debtors Petition) (Guidance Notes):
http://www.insolvency.gov.uk/pdfs/fo...rsguidance.pdf or
http://www.insolvency.gov.uk/pdfs/fo...rsguidance.doc

Summer1969

Thanks for those links.

Rylynn

Yes and thank you from me as well as I am going to need this lot as well.

Dez-Titute

Rylynn wrote: »

Yes and thank you from me as well as I am going to need this lot as well.

Welcome Aboard Rylynn,

You'll be well looked after in here,you would be better posting at an earlier time.
Contact one or all of the following National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | local Citizens Advice Bureau.
Have you done your Statement of Affairs (income & expenditure) yet, without payments to debts? If you put this up on here then the someone here will be able give further guidance.

Rylynn

I just posted it is long but I need so many answers and needed to get it all off my chest in one go, it took me long enough to get up the courage to even post!

skibadee

I already have a account with co-op, its in joint names, will it still be possible to down grade to basic account? or should my husband open one just in his name?
Also do I now inform my creditors that I'm intending to go bankrupt?

maxmycardagain

dont

you can stoppaying all debts as of now, save the money for your fees

wait till your actually BR

you can copy your BO and send them all one, i did and and the calls+letters stopped almost 100%

dalip

I would say take your name off the joint acc and then open a basic co-op cashminder acc in your name only.

As far as creditors are concerned just tell them you are having problems and are getting advice from cab,should hold them at bay until you get a date fixed.D

skibadee

Probaby being thick......but do I open the cash minder after BR?...Will they still freeze account if just in OH's name?
I presume I'm right in thinking I have to state OH's wage as well?
I have been doing DMP with Payplan which is no longer sustainable financially....[PayPlan actually not being much help.]...will this make any difference to my BR being considered?

skibadee

Just bumping up to see if anyone can help with questions in my previous post please.