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  • FIRST POST
    • Berterama
    • By Berterama 16th Jan 20, 3:15 PM
    • 7Posts
    • 1Thanks
    Berterama
    Feeling overwhelmed with BR process
    • #1
    • 16th Jan 20, 3:15 PM
    Feeling overwhelmed with BR process 16th Jan 20 at 3:15 PM
    I'm not new to this forum, I've actually been around for 10 years or so, but have created a new account as, quite frankly, I'm so embarrassed by the situation myself and my husband find ourselves in and there are posters here who know us IRL.

    Following advice from CAB and national debt helpline we have come to the conclusion that our only option open to us now is BR. We have gone through the expenditure sheet and we have more going out than coming in, it is unsustainable and we are in such a mess that there really isn't any other way out.

    Looking into the process we are feeling so overwhelmed as it seems there are some logistics to sort before actually petitioning and we don't know where to start. Also, the fee is so massive that I really don't know how we are going to afford it, we don't have 14p to our name atm let alone £1400
    Is there any knowledgeable posters that could help us unpick how we go about this? I have tried so many times to speak to a special case handler at national debt helpline but I've ended up having to end the call because I have been on hold for so long that I have had to leave to pick up my son from school and they won't talk to you whilst you are driving (I kid you not, I phoned at 12pm yesterday and spoke to someone within 5 minutes who then had to put me through to the specialist.....had to put the phone down at 2.45pm as I had to get to the school!)
Page 1
    • jayzor
    • By jayzor 16th Jan 20, 4:09 PM
    • 4 Posts
    • 1 Thanks
    jayzor
    • #2
    • 16th Jan 20, 4:09 PM
    • #2
    • 16th Jan 20, 4:09 PM
    In terms of filling out the form online, itís a pretty simple process, at least that is how i found it.

    In regard to the initial fee to go bankrupt, you can stop paying any debts and put the money aside till you can afford to pay or look to some of the charities that may help towards paying the fee.
    • TheGardener
    • By TheGardener 16th Jan 20, 4:27 PM
    • 2,985 Posts
    • 3,021 Thanks
    TheGardener
    • #3
    • 16th Jan 20, 4:27 PM
    • #3
    • 16th Jan 20, 4:27 PM
    Sorry to hear you are having such a tough time.
    The fee: As jayzor says - if you stop paying all debts now - would that free up any cash to pay the BR fees?
    I sold anything I could on ebay to scrape my fee together
    There are some chairites that can help with fees - I'm not knowledgable about who they are though so perhaps a someone else will be along to help with that one.
    Can you post an SoA here? thats usually the best starting point. https://www.stoozing.com/soa.php
    • Berterama
    • By Berterama 16th Jan 20, 5:06 PM
    • 7 Posts
    • 1 Thanks
    Berterama
    • #4
    • 16th Jan 20, 5:06 PM
    • #4
    • 16th Jan 20, 5:06 PM
    We are stopping paying stuff this month but we need to buy 2 cars. We have 2 vehicles but both are on finance and will be repossessed and, living rurally, we simply cannot be without a vehicle. That's going to push things back anyway as we can only afford one car this month and then another next month and only then can we afford to pay the fees....again one first month then another the next month. Annoying as I can see light at the end of the tunnel but it's so many obstacles before we reach it.

    Another question....one of the vans in question is a campervan and we've been told (not by anyone official, more of a bit of a wideboy) to strip valuable stuff and sell it to raise fee money. Will that cause unnecessary agro? I'm a straight laced person and it seems sneaky to me and I feel like the dishonesty will be used against me?
    • fatbelly
    • By fatbelly 16th Jan 20, 8:21 PM
    • 14,582 Posts
    • 11,684 Thanks
    fatbelly
    • #5
    • 16th Jan 20, 8:21 PM
    • #5
    • 16th Jan 20, 8:21 PM
    We are stopping paying stuff this month but we need to buy 2 cars. We have 2 vehicles but both are on finance and will be repossessed and, living rurally, we simply cannot be without a vehicle. That's going to push things back anyway as we can only afford one car this month and then another next month and only then can we afford to pay the fees....again one first month then another the next month. Annoying as I can see light at the end of the tunnel but it's so many obstacles before we reach it.

    Another question....one of the vans in question is a campervan and we've been told (not by anyone official, more of a bit of a wideboy) to strip valuable stuff and sell it to raise fee money. Will that cause unnecessary agro? I'm a straight laced person and it seems sneaky to me and I feel like the dishonesty will be used against me?
    Originally posted by Berterama
    I can sort of understand the advice as the finance company will incur a debt, which will be covered by your bankruptcy. If the debt is larger because you've reduced the value of the vehicle, it gets covered anyway.

    But it does not sound like a great idea to me. What bits would you strip out and how much would you get?

    Personally I wouldn't do it.
    • Berterama
    • By Berterama 16th Jan 20, 8:31 PM
    • 7 Posts
    • 1 Thanks
    Berterama
    • #6
    • 16th Jan 20, 8:31 PM
    • #6
    • 16th Jan 20, 8:31 PM
    what bits would you strip and how much would you get?
    We could swap the wheels for steelies and get about £400 for them, the swivel base would fetch about £150 and the rock and roll bed about £600. The finance company have no idea what is in/on the van, it was listed as a panel Van. However I don't think my conscience would allow me to do it, it's a step too far I feel.
    • TheGardener
    • By TheGardener 16th Jan 20, 9:05 PM
    • 2,985 Posts
    • 3,021 Thanks
    TheGardener
    • #7
    • 16th Jan 20, 9:05 PM
    • #7
    • 16th Jan 20, 9:05 PM
    So are you saying the stuff in the van is what you have added - that those things were not in the van when you bought it? I dont think I would sweat too much about the wheels but stripping out the internal fittings might be a step to far as you say.
    • Berterama
    • By Berterama 16th Jan 20, 10:13 PM
    • 7 Posts
    • 1 Thanks
    Berterama
    • #8
    • 16th Jan 20, 10:13 PM
    • #8
    • 16th Jan 20, 10:13 PM
    We bought the van from a conversion place, when the finance was agreed it hadn't been converted. I'm not going to strip it though, I just don't think that's right.
    • TheGardener
    • By TheGardener 16th Jan 20, 10:41 PM
    • 2,985 Posts
    • 3,021 Thanks
    TheGardener
    • #9
    • 16th Jan 20, 10:41 PM
    • #9
    • 16th Jan 20, 10:41 PM
    Well I didint think I had anything worth selling but with nothing to lose I dug round the garage, shed, cupboard under the stairs, wardobe...even I was amazed how much stuff I found and with a bit of organisation and some good photos - sold almost all the stuff for just £10 quid short of the fees. The OR could see I'd got loads of paypal transactions on my banks statements but never commented. The value of the stuff I sold was between £1.50 and £80 so it was obvious I wasnt getting rid of valuable assets.
    You can pay in instaments but you can't submit the application until the fee is paid.
    • sourcrates
    • By sourcrates 16th Jan 20, 11:14 PM
    • 19,111 Posts
    • 18,040 Thanks
    sourcrates
    I think I would lose my moral compass, and do what was right for me.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File and Ratings, Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to:
    forumteam@moneysavingexpert.com.
    Any views expressed are mine and not the official line of MoneySavingExpert.com.
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
    • Berterama
    • By Berterama 17th Jan 20, 6:56 AM
    • 7 Posts
    • 1 Thanks
    Berterama
    think I would lose my moral compass, and do what was right for me.
    My husband agrees with you, he says we've lost everything else, including our dignity. I'm a little more difficult to convince, it really doesn't sit easy with me, although looking at what we could potentially get by selling just 3 things off the van is making me question whether I should just man up and do it.

    I honestly can't wait for this to be over now, yesterday I had a bailiff shout down the phone at me that if I'd paid my bills then I wouldn't have him knocking on my door...I feel so ashamed of where we're at and yet he doesn't know how we got here, he just judged by his own standards.
    • fatbelly
    • By fatbelly 17th Jan 20, 7:16 AM
    • 14,582 Posts
    • 11,684 Thanks
    fatbelly
    I honestly can't wait for this to be over now, yesterday I had a bailiff shout down the phone at me that if I'd paid my bills then I wouldn't have him knocking on my door...I feel so ashamed of where we're at and yet he doesn't know how we got here, he just judged by his own standards.
    Originally posted by Berterama
    Did you phone him or he phone you?

    If the former, stop doing it.

    If the latter, block his number.

    When he comes round, just laugh at him through the window. Hopefully it will be pouring down.
    • Berterama
    • By Berterama 17th Jan 20, 7:42 AM
    • 7 Posts
    • 1 Thanks
    Berterama
    did you phone him or he phone you
    He phoned me. A text was sent to me stating they would be visiting between 1pm and 8pm but I ignored it. I guess he got impatient waiting for the panicked phone call after the text went out and phoned me an hour later. He really is a piece of work, when he first turned up at our door (we weren't home) my husband spoke to him and asked to set up a payment plan... "absolutely not" was the reply. Husband says we don't want our son being party to all of this as it's really upsetting..."that is not my problem, you've put him in this position" was his reply. Except we haven't put ourselves in this position, it's been forced on us (not that it matters really but facing judgement like that when you're already embarrassed, ashamed and on your knees is hard). You've got to have a black soul to do that job
    • warby68
    • By warby68 17th Jan 20, 8:07 AM
    • 1,483 Posts
    • 11,172 Thanks
    warby68
    If the finance is against an unconverted van and these items are removable without the vehicle being any less than it was when it was first financed, I think it is ok to do. The amounts are significant to you and weren't part of the finance if I understand correctly.

    If what you take out can be replaced with something cheaper so the vehicle remains 'complete' even better and would probably satisfy your conscience.

    I too have a 'shouty' moral compass but also can see a rationale here which is liveable if we've understood correctly.

    There are times when you do have to look out for yourselves just a little more than normal.
    • sourcrates
    • By sourcrates 17th Jan 20, 1:09 PM
    • 19,111 Posts
    • 18,040 Thanks
    sourcrates
    You are best advised to stay off the phone to bailiffs, some are extremely professional, like the guys you see on the telly, others are not so, and give the whole lot of them a bad reputation.

    You do not have to agree anything with a bailiff, they make a lot of noise, but for the most part can be ignored, and certainly do not ever allow one access to your property, for normal consumer credit act debts, they cannot force entry to private property.

    Bankruptcy is a big step, but its a step by step process, and its much simpler these days, it should be looked upon as a new start rather than the end of life as you know it.

    Bailiffs, CCJ`s, creditors, are all stopped dead in their tracks by it.

    My advice, make some time for yourself during the day, and make that phone call to National Debt-line, or try step-change, or if you prefer face to face, make an appointment with a bankruptcy specialist at the CAB, you need to talk this through with someone first, then get the plan implemented.
    Last edited by sourcrates; 17-01-2020 at 2:06 PM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File and Ratings, Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to:
    forumteam@moneysavingexpert.com.
    Any views expressed are mine and not the official line of MoneySavingExpert.com.
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
    • RattyIrk
    • By RattyIrk 17th Jan 20, 1:09 PM
    • 45 Posts
    • 28 Thanks
    RattyIrk
    If you have an OD facility you can still use start setting some cash aside. You may be a week or two without a bank account once you file for bankruptcy.

    Sell whatever you can, as per the trail of messages.

    I filed myself for bankruptcy and that stopped any claims and bailiffs in their tracks before we had any visits. The one thing I promised my partner was I would make sure we had nobody knocking at our door.

    On a practical basis you have to bend your moral compass a bit to survive. Bankruptcy is because you have reached an untenable position and is a last resort survival mechanism. Elements of it are comfortable. You just have to do whatever is best for your family and look to the future. Don't sweat it. If bankruptcy is indeed for you then it will a mighty relief once you have got through the first couple of months.

    Bailiff sounds a ****. That is an issue that will always be stuck with him. You get to walk away from him!
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