| T O P I C R E V I E W |
| dougy |
Posted - 29 March 2008 : 02:47:06
hi partner owes £17,000 was in a D.M.P 2005 till 2007 still owes £1700 ballance never came down ..couldnt aford dmp any more we are on virouse state benfits joint morgage of £48000 and owe £46000 on it...
if she go bankrupt can i buy her share of O.R can i buy her share back for £1 yes or no ...sure its negative equilty in the house benfits are disabilty allowance ,incapacty, child tax,family allowance ,cares allowance our income left over is zero on income and out goings we are minuss £180 |
| 15 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 19 June 2008 : 09:26:27
Hi Dougy,
I'm afraid that's correct.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| dougy |
Posted - 18 June 2008 : 11:11:25
by takeing payments as there xpenceces |
| JulianDonnelly |
Posted - 17 June 2008 : 09:53:09
Hi Dougy,
As Melanie says, you will probably find they are acting within their terms.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| melanie_giles |
Posted - 16 June 2008 : 22:44:30
I am sure that you will find that they are acting correctly in accordance with the terms of the contract you entered into.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| dougy |
Posted - 16 June 2008 : 21:41:51
oft say its unfair contract terms to mislead to mis lead some in to thinking there paying debts of and infact the DCA ARE TAKEING YOUR PAYMENTS FOR THERE COLLECTION EXPENCES AS AS |
| JulianDonnelly |
Posted - 16 June 2008 : 12:34:22
Hi Dougy,
There is no legal requirement to freeze interest when making reduced payments, so that would explain why your balance has not reduced at all.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| dougy |
Posted - 15 June 2008 : 23:23:26
advice needed... credit card capital 1 passed acount to fredrickson internationl ltd to collect debt was paying debt since oct 2005 ballance still the same £1096 as 2005 fredrickson took over in sep 2007 they was getting token payments as both companys are putting pressure on me to pay more than i can aford .... i have sent both companys income&expedture and stated on state benfits but that dont bother them .i sent fredrickson a C.C.A request they have gone over the 12 days so they comit a crimnal offence ..only reply i got was of there solicter carter &co state there puting me in court in 7 days they have breach OFT GUILD LINES ON COLLECTING DEBT AND ALL PAYMENTS I HAVE SENT THEM IS NOT COMEING OF THE DEBT AT ALL |
| melanie_giles |
Posted - 25 May 2008 : 10:12:22
I am afraid that this type of procedure is yeat to be introduced Dougy - but we are hoping it may be over the next six months. And they will only be available for people with debts less than £15,000, so your wife will not qualify in any case.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| dougy |
Posted - 25 May 2008 : 01:47:16
could she apply for a D.R.O |
| melanie_giles |
Posted - 19 May 2008 : 23:50:38
Probably not - especially as it is currently in negative equity.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| dougy |
Posted - 19 May 2008 : 23:03:06
hi partners names on deeds ...but i pay mortgage if she went bankrupt...would it still afect the house im paying for |
| dougy |
Posted - 03 May 2008 : 22:16:03
negative equalty bought house for £30,000 council valued £46000 mortgage £48000 house values are dropping a true value would not be much more than the council did debts wifes hers are about £17,000 |
| melanie_giles |
Posted - 06 April 2008 : 02:17:49
If she did that for less than the real value of the property, the Official Receiver woudl be able to revert the transaction so no real point to bd frank - and this would probably leave her with a bankruptcy restriction agreement or order as well.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| dougy |
Posted - 06 April 2008 : 01:57:07
hi could she sign her share of house over to me and then she go bankrupt |
| pix1 |
Posted - 31 March 2008 : 14:30:27
That fee rise could be enough to bankrupt someone! |
