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I'm considering bankruptcy and need some help.....

13

Comments

  • Merry_Gentry
    Merry_Gentry Posts: 3,627 Forumite
    uhuru wrote: »
    If you don't owe anything to co-op (and I mean anything at all, not just on those accounts) there is no reason why they can't be un-frozen, unless the co-op themselves object to you using the accounts. The OR would have no objection to you having a bank account.

    The Co-op are fine - in fact, they were surprised at the OR's actions. We have been approved for the new accounts but obviously have to wait for the account numbers, etc to come through and then change all the DDs, etc. A bit of a paper exercise really, but the OR was insistent.
    Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
    Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848
    "He who laughs last didn't get it!" :rotfl:BSC 134

  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    sounds like a grumpy OR to me.......just flexing their muscles just because they can
    We all die. The goal isn't to live forever, the goal is to create something that will
  • Merry_Gentry
    Merry_Gentry Posts: 3,627 Forumite
    No comment :p
    Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
    Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848
    "He who laughs last didn't get it!" :rotfl:BSC 134

  • NoMoney_2
    NoMoney_2 Posts: 18 Forumite
    OK, so I've decided bankruptcy is my best option.

    If I go to a legal aid solicitor, I don't have to pay the 495 right?
  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    NoMoney wrote: »
    OK, so I've decided bankruptcy is my best option.

    If I go to a legal aid solicitor, I don't have to pay the 495 right?

    It would do you no good to go to a solicitor. They wouldn't be interested anyway.
    You will have to pay the £495 (minus the £150 court fee if your exempt) no matter what.
    The first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter :(
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    Sorry to say no....if it was that easy the legal aid system would be in a worse state than its in now....could you imagine the number of people going through the door if they thought they could petition BR for free
    We all die. The goal isn't to live forever, the goal is to create something that will
  • NoMoney_2
    NoMoney_2 Posts: 18 Forumite
    How do I know if I'm exempt?

    That'd just be 345 then right?
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    depends on your circumstances/imcome/in receipt of benefits etc you may be allowed a reduction in court fees meaning you sould only have to pay the OR fees of £345

    court fee exemption form
    http://www.hmcourts-service.gov.uk/courtfinder/forms/ex160.pdf

    do I have to pay?
    http://www.hmcourts-service.gov.uk/courtfinder/forms/ex160a_e.pdf
    We all die. The goal isn't to live forever, the goal is to create something that will
  • SuziQ
    SuziQ Posts: 3,042 Forumite
    I would have thought that you would be pleased to hand over any winnings to help clear your debts? I know I would.
    Most people save for their fees by witholding payments to their creditors once they have decided to go BR.
    Don't forget this is going to have a knock-on effect with you-ie future credit/mortgage/certain jobs. Make sure you get really good advice before doing this and don't just see it as an 'easy' way of clearing your debts-if you read any of the BR diaries on here,including Merry and Scarletts,you will see that there is a lot to this and it's not an easy option.

    I am not being judgemental by the way-just want to make sure you get all the facts as you seem to have loads of basic q's at the moment.I am no way an expert and not BR myself.
    Tomorrow is always fresh, with no mistakes in it!
  • NoMoney_2
    NoMoney_2 Posts: 18 Forumite
    Obviously If I could, I would.

    I've heard I can write to my bank and ask them to write off the debt....

    Ooh! Also, I understand it would !!!!!! me up getting a mortgage, but what about if I wanted to get my own place just renting?
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