Urgently need advice. Considering suicide :(

edited 30 November -1 at 1:00AM in Debt-Free Wannabe
33 replies 5.6K views
13

Replies

  • Hi, sorry to hear you are feeling this way.

    Just wondering. Are you getting PIP ?

    If you have had admissions, specialist input and are medicated you may be eligible.

    It might be a small financial help to take an edge off.
  • Just_DiJust_Di Forumite
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    ThisSucks wrote: »
    My support worker had been helping me come up with a repayment plan for the rental arrears on the old place. Now received a "Statutory Demand" from the property company at the old place telling me they are applying to make me bankrupt.

    Do you still have your Support Worker who could maybe step in to help you with this situation?

    A Statutory Demand is not a court document. If they want to progress this then they would have to petition for bankruptcy (after 21 days).

    See if your Support Worker can intervene.

    Di
  • Thank you for all your replies. I am feeling better today. I've been reading up on D.R.Os etc. I also looked at Step Change's Debt Management Plan.

    I'm hoping I can get this resolved.
  • Just read your thread - glad to see you're feeling more positive. Isn't this forum a great place?
    Now, get some sleep! x
  • I'm on the phone to StepChange right now....
  • FireflyawayFireflyaway Forumite
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    Sorry to hear about your troubles but it's great you are speaking to step change. There are lots of people who can advise you and really no money troubles are worth harming yourself. There is always one way or another that things can be sorted. Most of us have experienced similar or know someone who has.
    I found that seperating debts from income was helpful. Ie have debts paid from a separate account to where your bills and spending money comes from.
    Try not to worry about your bank. I have a basic bank account due to poor credit and it works great. Can get salary paid in and withdraw cash and do standing order and best of all can't borrow or go overdrawn. Even if my credit improves I will still be holding onto this account!
    Hope you find a solution soon and this will shortly be a distant memory.
  • Just_DiJust_Di Forumite
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    ThisSucks wrote: »
    fell into serious rental arrears. My partner left me facing the entire rent alone

    . . . . received a "Statutory Demand" from the property company at the old place telling me they are applying to make me bankrupt.

    . . . . The amount owed is around £7,000.


    A Statutory Demand has the potential to be set aside if the debt is disputed, so maybe see if that issue is worth exploring.

    Was the tenancy agreement in joint names? If so then your ex-partner could be jointly liable for those rent arrears (depending on the circumstances).

    How did the tenancy end, such as valid Notice to Quit from your Landlord or possession proceedings including rent arrears (possibly a money judgment) etc?

    Was the £7k the actual amount of rent arrears while you occupied the property, or did this figure include unpaid rent due to the end of the fixed term even though you may have vacated before then? If the property was re-let the Landlord can't charge twice for the same rent etc.

    Have interest and admin charges been added to the rent arrears, and if so is the amount added in line with any clauses in the tenancy agreement?

    I see you've referred to a Deposit which I assume was placed in a Government backed scheme such as the TDS (was it or your Landlord could have a problem?). You've implied that the Deposit issues may not have been resolved.

    Most tenancy agreements state that the Tenant cannot use the Deposit to cover rent due, but at the end of the tenancy you may have been able to release the Deposit for that specific purpose (seek advice on this point).

    Where is the Deposit now? Is it held by the agent or was it returned to you at the end of the tenancy minus any mutually agreed deductions?

    How much is the Deposit (if it still exists) and would that be sufficient to reduce the arrears to below £5k?

    You cannot be made bankrupt for a debt under £5k. You say this Statutory Demand is for £7k. If there was a sensible way to reduce the debt to £4,999.99 (such as the Deposit paid over) then you cannot be made bankrupt :)

    The CAB explains this here > https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/creditors-making-you-bankrupt/apply-to-have-a-statutory-demand-cancelled/

    If this is your only debt then it would be a pity to let it cause you so much anguish when/if there's a way to fight back with help and support from an advice agency.

    If you discover you do have grounds to have the SD set aside (e.g. the debt is disputed) then this can be done by Consent with the property company or whomever is named on the SD.

    Di
  • Just_DiJust_Di Forumite
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    ThisSucks wrote: »
    I realise now that I was in such a state that I never even arranged for the security deposit I paid (6 weeks rent) to just be given to the property company. I can get that sorted on Monday.


    ^ ^ ^ see my previous post #28 :)

    I wouldn't expect the agent (or the property company's office) to be open today, so maybe contact them after New Year Bank Holiday.

    How much is the Deposit?

    Di
  • Just_DiJust_Di Forumite
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    ThisSucks wrote: »
    I just spoke to Step Change. They said they can't help me set up a Debt Management Plan or anything because the threat of bankruptcy is involved.
    However, I also discovered something else. The letter I have received is NOT a Statutory Demand. It is a letter from a process server saying that he has tried to deliver a Statutory Demand and failed and that he's coming back on such and such a date

    I've just found this post on your other thread so it seems you've not yet been served with the Statutory Demand.

    You have 18 days to respond/apply to set-aside the SD from the date of service (i.e. not today) so you have some breathing space to get this sorted *phew*

    Link to your other thread > https://forums.moneysavingexpert.com/showthread.php?t=5943380

    Di
  • They've agreed to drop the bankruptcy idea and have accepted a voluntary payment plan.
    Yay!!!!!
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