All Forums  archive  bankruptcy postbag for august  What are my chances?

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Needafriend[/i] [br]Hi all, Well I have written many posts about my pre BK hearing and now I am getting ready for my OR interview. I am worried about the BRU thing so I thought I would ask some advice. Up until 2006 we were paying all our debts, in full and on time, is we took a loan or did a remortgage we paid of some of the bigger debts or refinanced to make payments easier. End of 2006 after a builder let us down and took us for a ride we had to use some of the cards we have cleared in order to finish the loft conversion, the stress of the builder meant i was unable to concentrate at work and so lost wages, the only way then to live until i went back to work was by using the OD and then when I went back to work I could only do part time meaning loss of income of about 80pw. I wrote to all my creditors and explained and they agreed on 6 monthly basis a reduced payment plan, as we did try IVA but due the amount of dedbt 68K and the disposable income we had they said an IVA was not really feasible. I did what most people do and to get the creditors to agree i paid what they asked if only to keep them off my back and stop any further action, this in turn left me with about £40 pw for food for 5 of us. I thought i was doing the right thing and i did not want to get stressed out again, I also got 1,800 on my catalogue accounts up until Jan or Feb this year which consisted of xmas gifts for the kids, stuff for me for uni, kids clothes and also some household items, I have not touched any credit cards for 2 years the only debt we got added to and i feel was a nescessity as we had no spare income was the catalogues, of which i made there agreed repayments and the current rate up until Apr or May then I just realised that I could not do it anymore. I have not hidden anything, I had to get gifts and house stuff somehow and now i feel that I will get a BRU basaed on that. I honestly thought that we could pay these debts and then me going to uni and bettering myself that we could get them paid off and back to normal payments, but we just could not and I could not feed a family of 5 on £40 pw and it came to a head. Now i feel that we will be penialised for the catalogue debts even though they were small as we were struggling at the time. This money to pay them came out of our food money, I also had to look for bargains on ebay and Amazon esp for my stuff books etc for uni. What do you think Jo "There is light at the end of the tunnel, if you cant find it, get a brighter torch!" [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.