Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
liamgibbins
Posted - 07 April 2008 : 20:42:48 Hi, I have been out of work for the past month with back pains that have gradualy been getting wors (over the priod of about 10-12yrs), my doctor has put me on temporary incapacity benefit until it gets better.
My problem is I can not afford to pay my debts or live on the £56 per week.
I am going to loose my car (on HP agreement) because the guy that sold me it told me (my girlfriend whitnessed) that I would be getting payment protection but did not. Also as I can work all over the UK, I would like to keep the car as it is a descent car (valued £5000) and I will be using it to get to work (nation wide).
The thing is that I do not know when I will be returning to work it could be a month or a year, I constantly have back ach that gives way to severe pain when I lift anything or streatch.
I would like to know more about bankrupcy and would I be entitled to apply for it.
L
3 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 07 April 2008 : 21:21:25 thanks liam
look forward to the figures.
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
liamgibbins
Posted - 07 April 2008 : 21:02:32 Approx figures off the top of my head are:
Income £56 per week, incapacity benefit.
House hold:
Electrcity: £1500 Gas: £300
Personal: Car HP Agreement: £9000 Lloyds TSB: £500 (continuing disagreement as I closed the account before the debt occured) HSBC: £800 (Student account from years ago) Yell: £512 HS Student loans: £3000 Rent: £800
I will have to sort through the paperwork and draw up a spread sheet for you.
My Car is a Volvo S40 Sport (Saloon) required for high millage. HP with Welcome Finance, I rang them as soon as I came out of work and they are aware that I can not meet the payments, also they have rang and left a message today.
My Job is Electrician currently under the (CIS scheme) Inland revenue construction industry scheme.
If you give me a couple of days I will get the correct figures for the above.
L
Reviva UK
Posted - 07 April 2008 : 20:52:06 Hi there and welcome to the forum
It would be helpful to understand a little more about your situation before we suggest Br as the right solution.
perhaps you could list your creditors and how much you owe. Also have you done a full income & expenditure calculation so you really know what your financial position is without the debt payments? If necessary I can email you a spreadsheet so you can capture these easily.
Finally what job do you do ?
look forward to helping further with the above info
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
