| T O P I C R E V I E W |
| leahk |
Posted - 22 January 2009 : 19:06:55
I was planning to file BR middle of next month but after reading various experiences maybe I should wait. I too was spending right up to Christmas on credit cards.
I don't think I really acknowledged the amount of debt I'm in until recently and as soon as I did I gathered as much advice as I could. Every single advisor said to declare BR was my only option, so typically of me I wanted to get it sorted like yesterday!
I have struggled with payments for months now - going without essentials for the family to cover payments etc but when I made the decision I stopped paying the CC bills.
Should I pay at least a nominal amount to each company until I'm ready to proceed? I don't want anyone to think I'm trying to avoid my debts but the realization hit me like a sledgehammer and as I said before once the decision was made I wanted it done asap.
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| 6 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 23 January 2009 : 15:07:18
I would always advocate ensuring that at least one payment has been made against any form of credit between the point in time it was last utilised and BR.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| Needafriend |
Posted - 23 January 2009 : 14:57:51
Leah
I dont think it will be too much of an issue. the cards are not news ones that you have used and i take it you have made payments before.
I cant see why next month would be an issue.
Jo
x
25 Weeks down
 Yippeee!
27 to go
 Im getting there!
I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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| leahk |
Posted - 23 January 2009 : 14:55:51
Would it be bad to file the papers next month? I just want to start again.
Also a few days ago I cleared a couple of catalogue type debts from Christmas. It wasn't for large amounts, and before I knew anything about preferential payments. Now I worry that I've done wrong. |
| Needafriend |
Posted - 23 January 2009 : 14:55:39
If you know your going bankrupt and soon stop paying now.
You can save that money for the fees etc.
LOL
Jo
x
25 Weeks down
Yippeee!
27 to go
Im getting there!
I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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| givemestrength2 |
Posted - 23 January 2009 : 14:53:59
hi, im confused as to when i stop paying my creditors and if i make token payments do i have to give them all the same amount, im totally confused about the timescale thing before BR. thanks very much.
T |
| JulianDonnelly |
Posted - 23 January 2009 : 13:50:59
Hi Leahk,
I think speaking to your creditors and at least making token payments would be adviseable until you're ready to go BR. I would caution against letting them know you're going BR for now as they'll just commence legal action.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
