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| raniston1984 |
Posted - 01 March 2009 : 20:09:22
Hello I really need some advice about bankruptcy and would really appreciate any help/advice :)
I have been reading about bankruptcy and have been considering it for a while, but have a few questions.
I owe about £63000 on credit cards/loans and have a mortgaged flat of £172000 which currently is in negative equity due to the drop in houseprices etc.
I have been really struggling to make repayments for a long time, and have now started to take cash out of the credit cards to pay for payments coming out of my bank account which I know is really bad. the only way I have been managing to pay so far is by working as a dancer (which is cash in hand) and my student loan payments, which pay my existing loans.
My questions are:
1. I have been reading that the OR will take assetts, will they take my laptop, clothes and i have a plasma tv that is worth £800. Will they take all of this?
2. I have been studying since september 2007, and am studying to become an optometrist and will graduate and be practising in 2011. Will they extend bankruptcy so when I graduate I will continue paying into the fund? and how much are the likely to take?
will declaring bankrupt mean I cannot practise as an optician as I know it affects many jobs?
3. when filling out credit applications, I did exaggerate my income and had to remortgage in nov 2007, when i was a student, but I said i was working to do it (i finished work in september so just extended the dates). Is the OR liley to investigate this thoroughly to discover this? and I read this may mean that the BRO is extended? what is the likelihood of being prosecuted?
I have more questions as my situation is complicated, but would relaly appreciate any ones views on this. All I want to do is finish my degree, and then I am quite happy to finish paying these debts off wehn I will have a good salary. But at the moment working as a dancer to pay the £1800 i have outgoing every month is exhausting me and at this rate I will fail my degree.
Many thanks for reading :) |
| 2 L A T E S T R E P L I E S (Newest First) |
| Emma Potter |
Posted - 16 March 2009 : 16:25:45
Hi,
i thought i would just let you know that if you have a student loan, they are still payable in bankruptcy.
If you require any further information, please do not hesitate to contact me.
Regards
Emma |
| pigsick |
Posted - 09 March 2009 : 23:53:52
Hi if nobody came back to you, i think you should put your question in again but not in the br support and chat section. Try the question section and I am sure one of the councellors will answer you. |
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