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  • FIRST POST
    • Maverick1103
    • By Maverick1103 23rd Feb 18, 3:51 PM
    • 60Posts
    • 18Thanks
    Maverick1103
    My Bankruptcy journey
    • #1
    • 23rd Feb 18, 3:51 PM
    My Bankruptcy journey 23rd Feb 18 at 3:51 PM
    Hi all,

    I recently applied for Bankruptcy last Saturday and then was approved on Monday morning, I have my phone interview booked in for Tuesday morning, a big weight has been lifted off my shoulders and will be even more so after the phone interview.

    I had a lot of creditors, 14 to be in fact, with just over 20k owing to them all and it's something I've been trying to sort out for the last year, it was even more difficult when my relationship broke down (12 months ago) and I have 2 young kids too, 12 months on and I now have a new partner who's very supportive of me and I've been able to move forward and this I feel now is me starting afresh with a clean slate!

    Now I have a question regarding the process; my I&E doesn't leave me with much left over, in fact, my budget leaves me with -29 after paying my creditors 28 per month combined, so I don't think I'll have anything to pay into an IPA, which I will find out more on Tues. Once I've had the interview will I have many more dealings with the OR at all?

    I would also like to thank everyone on here, there are many informative members on here that make people like myself relieved from certain worries when going through this process or when you receive a letter from a creditor with terminology that you just don't understand. I've not been that active on here but I've read many posts from many members and I just want to say thank you!
Page 4
    • Gaz1
    • By Gaz1 8th Mar 18, 11:30 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    Do you mean obtaining credit whilst BR or going silly with credit before BR and hiding like cars and large amounts of money and stuff like that
    • LaLaLa34
    • By LaLaLa34 8th Mar 18, 11:35 PM
    • 13 Posts
    • 7 Thanks
    LaLaLa34
    Yeah mate that's about it. A BRO is obtained through the courts, a BRU is if you were to accept the length before it goes to court. Its just the standard restrictions like having to tell someone you're under a bankrupt restrictions order if borrowing 500 or more, as well not being able to run a company as a director.
    • Gaz1
    • By Gaz1 9th Mar 18, 12:01 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    lol, it didn't take long....I have received in the post this morning a letter from a "BR specialist law firm" offering me assistance with my BR as they got my details from the London Gazette but they don't say how much they will charge me for their services. I have got to laugh about it they are vultures isn't it bad enough when your in this position apart from the clever 1s in society who enjoy doing this. I feel at rock bottom which I'm sure an awful lot of folk are when they genuinely have to go down this route....
    sorry rant over. the firm is called Isadore Goldman has anyone else had dealings with these. Just curious
    • Maverick1103
    • By Maverick1103 9th Mar 18, 12:04 PM
    • 60 Posts
    • 18 Thanks
    Maverick1103
    lol, it didn't take long....I have received in the post this morning a letter from a "BR specialist law firm" offering me assistance with my BR as they got my details from the London Gazette but they don't say how much they will charge me for their services. I have got to laugh about it they are vultures isn't it bad enough when your in this position apart from the clever 1s in society who enjoy doing this. I feel at rock bottom which I'm sure an awful lot of folk are when they genuinely have to go down this route....
    sorry rant over. the firm is called Isadore Goldman has anyone else had dealings with these. Just curious
    Originally posted by Gaz1
    I had the same letter from same compnay, I very quickly tore it up and binned it when I realised what it was.
    • Gaz1
    • By Gaz1 9th Mar 18, 12:22 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    lol so will i and ive got my telephone interveiw in 38 mins and counting and im bricking it
    • Gaz1
    • By Gaz1 9th Mar 18, 12:43 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    Omg its like waiting for the grim reaper to gently put his hand my shoulder n whisper "come with me son your mine"
    • Maverick1103
    • By Maverick1103 9th Mar 18, 1:13 PM
    • 60 Posts
    • 18 Thanks
    Maverick1103
    Omg its like waiting for the grim reaper to gently put his hand my shoulder n whisper "come with me son your mine"
    Originally posted by Gaz1
    It's nothing to worry about, it's actually pretty straightforward. Good luck though.
    • BaldEagle
    • By BaldEagle 9th Mar 18, 2:00 PM
    • 205 Posts
    • 121 Thanks
    BaldEagle
    Omg its like waiting for the grim reaper to gently put his hand my shoulder n whisper "come with me son your mine"
    Originally posted by Gaz1
    If it's anything like mine, it's more of a weight off your shoulders.

    Hope it went well.
    • Gaz1
    • By Gaz1 9th Mar 18, 2:12 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    Thanks for the kind words of support folks and yes it went ok and the worst part about it is explaining the amounts on credit cards suddenly get bigger so he assumed they were purchases, not balance transfers.
    But on the whole, it went better than expected as my way of thinking now is expect the worst and anything better is a bonus.
    • Gaz1
    • By Gaz1 9th Mar 18, 4:19 PM
    • 33 Posts
    • 5 Thanks
    Gaz1
    I've just found my BR notice in the London Gazette and printed it off and going to frame it and put it up and when I feel a bit silly with money in the future I'm going to look at it.
    • Maverick1103
    • By Maverick1103 13th Mar 18, 2:44 PM
    • 60 Posts
    • 18 Thanks
    Maverick1103
    An update on my journey for the ones that have been helping me, my other thread which was solely about challenging the IPA, http://forums.moneysavingexpert.com/showthread.php?p=74011367&posted=1#post74011367, I managed yesterday to challenge the examiner who had previously set my IPA as 24 per month over 36 months, I now do not have one to pay!

    Just waiting for it in writing to confirm, but was only on the phone for 15 minutes, so I'm still pretty surprised.
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