| T O P I C R E V I E W |
| Joozee |
Posted - 06 May 2008 : 13:14:05
I'm in court this Thursday morning petitioning for my own bankruptcy. I see the judge and the official reciever all in one session so at least it will be all done at the same time.
I constantly read questions about money and banking on here. I am sure I may be doing it the wrong way but my bank is not a creditor and I have no overdraft with them just pay salary and bills into it so i am leaving it alone until after I meet with the reciever. I'll just have to deal with the consequences. I've read about opening a new account ith someone but then my IP and the forms said they might just close/freeze them anyway so I may as well just wait and see what happens.
My main question though is with regard to payment of my fee. I have the money in my account now to pay it, should I withdraw it and pay cash? If i write a cheque and my account does get frozen then that seems to me to not be a great idea. How do most people pay? |
| 15 L A T E S T R E P L I E S (Newest First) |
| janni-jan |
Posted - 12 December 2008 : 10:34:38
My partner and I have got into a lot of debt our house has negative equity, we have contacted cccs and the way forward for us is bankruptcy,the forms look daunting, would you advise we should contact someone to help complete them? and will we both need to go to court with the petition?
Janni-Jan |
| melanie_giles |
Posted - 18 July 2008 : 21:31:02
Make sure that you ask for the valuation to be undertaken on a forced sale basis rather than open market.
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 |
| Joozee |
Posted - 18 July 2008 : 11:42:41
Hi everyone, not posted for a while. Things are settling down now after making myself bankrupt. I have agreed my IPA and they start next month. I am able to keep my car that was worth £2700 becuase I need it for work.
The only thing remaining is my house, my share in which is going to be offered to my other half to buy me out.
We need to get the house valued and send it to them. I was just wondering the best way to do this? I got an estate agent to come round but they have valued it quite high in my opinion. Are there special independant valuers that will be able to do it or should I just try a few and be more explicit with the situiation?
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| JulianDonnelly |
Posted - 03 June 2008 : 16:53:36
Creditors do the strangest things sometimes!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| m and v |
Posted - 03 June 2008 : 16:12:51
Glad you have got it over and done with Joozee!
Now you can start a fresh!
I will never work out how creditors think - mine rejected a £25k lump sum when I was in my IVA - all they have been paid is about £2500 from my IVA payments! Madness!
Oh well - here's to the future!!!
Vicki x |
| JulianDonnelly |
Posted - 03 June 2008 : 14:21:33
Hi Joozee,
Automatic discharge will still happen at 12 months. Should the OR give you a BRO/BRU, you'll be kept under the restrictions of bankruptcy but will still be discharged.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| Joozee |
Posted - 03 June 2008 : 14:08:28
Hi all..
Was on the phone for abour 2 hours, nice lady though, was just very thorough. We agreed my IPA amount...I presume this can't be appealed by my creditors, she said she'll just send me details of how to pay. The reason i say this i becuase my agreed IPA is going to be £180, the amount I offered in my IVA which my creditors rejected way £550...seems ridiculous to me! They don't include our child benefit and tax credits as my income and they only took 60% of what i had left.
A substntial amount of my debts are from gambling so I need to send her as much info about that as possible, it's also likely that i'll be bankrupt for longer than one year.
She said my car (worth £2600) was on the cusp of what they allow but becuase I use it for work and have agreed to an IPA it should be fine.
My house is being refered to a houing specialist at the OR becuase it's shared ownership but there is very littel equity so my wife may be able to buy that, if there is enough equity to force that anyway.
I guess thats about it really...fairly harmless compared to what i've been though up to now with stopping gambling and facing up to my debts.
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| JulianDonnelly |
Posted - 03 June 2008 : 11:21:41
Best of luck!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| debtfreesusie67 |
Posted - 03 June 2008 : 09:56:58
Good luck Joozee. Let us know how it goes.
Sue
The only way is up
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| Joozee |
Posted - 03 June 2008 : 08:52:38
Morning everyone,
It's seemed like a long wait but my interview with the OR is this morning at 10. I'm looking forward to getting it all sorted finally and moving on.
I'll let you know how it goes.
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| melanie_giles |
Posted - 22 May 2008 : 08:23:54
It is quite normal for the previous IP to be appointed your Trustee as they already have detailed knowledge of your 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 |
| m and v |
Posted - 21 May 2008 : 16:50:34
Hi Jon
Sounds like you are getting sorted.
Well done for holding your head high about the newspaper announcement. Some people can't resist asking can they!
I have found my OR really helpful - I think if you come across as genuine and wanting to sort things out they appreciate it. They must come across all sorts!
Would be weird having my IP as my trustee, but then again I didn't have a good time with my IVA and hopefully I won't have anything for a trustee to be involved in -no assets etc etc.
Glad you are getting there!
Vicki x |
| Joozee |
Posted - 21 May 2008 : 15:15:04
Bit of an update.
I've got my OR interview on Tuesday 3rd June.
Apparently my bankruptcy was in the Local paper this week. As it happens a few people I know saw it which was a bit of a shock when they rang up to ask if I was OK about it and if it was actually me! I explained my situation to them and they were OK.
I emailed my OR and asked her some questions about my bank account etc, she was very helpful and said she would get the clerk to write a letter to my bank explaining that it is OK for them to keep my account open as far as they are concerned. I also explained that I didn't have a lot of my bank styatements and credit cards and she said to send what I could asap and she would work out if she needed to contact them to get anything else she might need.
Also my IVA IP's have contacted her to ask if they can be appointed as trustees, I doubt it will work but it would be helpful as they already know my finances inside out after doing my proposals and adjurened meetings etc.
Cheers
Jon |
| Reviva UK |
Posted - 12 May 2008 : 22:56:48
Well done for sorting the bank account open.
If the back pay was just that there is a reasonabloe chance you may be able to keep this as no doubt you have suffered hardship because of the loss of income due to the clerical error.
Hope you get to keep it
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| Joozee |
Posted - 12 May 2008 : 14:01:25
I declared it on my form so i'm going to withdraw it and make it available if the OR asks me about (which they will) I've nothing to hide with it so i'm not fussed either way really.
I ranf the co-op at lunch, they were great, my account was approved over the phone and i'll get my acc number and sort code on Thursday mornign which will give me enough time (if I need to) to change my salary over to it.
One more hurdle cleared! |
