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T O P I C R E V I E W
acd
Posted - 23 January 2009 : 11:21:08 hi i had a motorhome on hp from black horse and could not afford the payments so they took it back they have sold it and have sent me a letter telling me that i have to pay just under £1800.00 which i cant afford if i go br will this be able to be included and will are overdraft be included we are on income support with 1 child how much would it cost me to go br and what information will i need to provide
3 L A T E S T R E P L I E S (Newest First)
JulianDonnelly
Posted - 23 January 2009 : 12:28:50 Hi Acd and welcome to the forum.
To clarify Jo's point, joint borrowings are what is called joint and several liability. In essence, this means that both parties are liable for 100% of the debt, and the first one to pay wins!
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
Needafriend
Posted - 23 January 2009 : 11:31:27Hi acd & Welcome
Yes your motor home debt should be included but is it single or joint.
Also your overdraft is that single or joint.
Any joint debts that you have would mean that the other non bankrupt party would be liable making it joint and several.
What other debts do you have and also do you have any other assets.
Thanks
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.
John
Posted - 23 January 2009 : 11:30:42 Hi
you will need to contact the county court that you will be declaring bankruptcy in to establish what they accept as proof of benefits and how you can claim a reduced payment (waiving of court fees). The full fee is £495 but reduced to £345 if your application is successful.
The overdraft and shortfall on the motorhome would indeed be included in your bankruptcy.
Yippeee!
Im getting there!
