Hi,

Long time lurker (and on CAC) now need some very valuable advice. Long story short, personally secured a debt of £18,140 as a company director making me personally liable. This has now gone as far as a High Court Writ of Control.

I can afford £150 a month given circumstances now as that business failed, and I had to sell a property to cover the majority of the debts (this is the last remaining). I have no tangible assets that are even worth seizing. I’m aware this means it would technically take 155 months to clear but it’s all I can offer. Logically, I will find a better employment offer in that time as I have now returned to the workplace but it will take time as I pursued my own entrepreneurial pursuits since I was 18 (I’m now 25).

I am planning to put in an application for a N245 as this seems to be the advice everywhere online. As I’ve explained to the bailiffs, they’re welcome to come to my property and verify they won’t find anything of value that isn’t exempt from their powers (a laptop which I require for work and is the property of my employer).

1. Is it likely that this offer will be accepted by a court given the amounts in question? I would make higher payments if I can afford to. My income expenses calculation actually works out as me being able to afford £20 less but I can cut a very tight budget. I am making just over £1,000 after tax and NI contributions at the moment.

2. At the top of the form, it asks for a warrant number. I have the certificate of the warrant of control and the judgement number. Can I omit this as it isn’t present?

3. I also haven’t been allocated a defendant reference, what must I fill in that part, just my name? I have a reference for the claimant.

4. In regards to exemption for costs, it starts HWF and then asks for an input, what do I place here? Is this where you put EX160?

5. Do I attach the EX160 with the N245 together when posting to the appropriate court?

6. I don’t have a chequebook - how can I enclose a payment of the offered amount? Or can I leave this till it is awarded?

Failing a N245 working, I would have to declare bankruptcy which whilst I know it eliminates the debt - will make getting back up impossible as I’m within the financial services sector and my work experience is senior management.

Thank you in advance!