| T O P I C R E V I E W |
| bob |
Posted - 29 March 2009 : 12:09:43
im on the process of completing my bancruptcy form as i am scheduled to be made bancrupt on april 1 ... heres my ff questions
1.) can i include electricy bill and council tax in my unsecured debt ,as i am thinking i will be paying them personally in a monthly basis ..
2.) will £1 to put in amount owed under unsecured debt for potential shortfall in mortgage be ok enough or i have to put 30k judging the current trend of the market
3.) im around 50k in debt .. is that so big that the judge or OR or trustee will look upon me as like a criminal ..
thanks ... please bear w/ me ... i am trembling in fear already w/ the thought on going to court appearance ... |
| 7 L A T E S T R E P L I E S (Newest First) |
| John |
Posted - 30 March 2009 : 08:19:09
Hi RANISTON
there is no need to detail your property in section 4 (Unsecured Debt) if you have every intention of keeping it and can afford the mortgage repayments.
Just list it in sections 3.1.10 (assuming it is leasehold / 3.1.9 if it is freehold) + 4 (Secured) + 8.1.
John White
England Jackman & Spacey |
| bob |
Posted - 30 March 2009 : 01:58:19
to raniston.... i'm not sure if they will let u stay in ur flat apart from if you got kids and up to date w/ ur payments .. i think they will let you stay for a year .. i'm no expert so obviously somebody would clarify and give u much details about it ... but u really need to put it ur secured and unsecured debt so that if there any potential shortfall it will go under ur bancruptcy .. .... and dont sign any form or document that will be given by your mortgage lender in view of ur bancruptcy |
| bob |
Posted - 30 March 2009 : 01:49:24
to ripski ... im filling up the form online .. yes this my form my bancruptcy .... |
| raniston1984 |
Posted - 30 March 2009 : 00:59:16
hi bob /john
i also have my court date on march 31st, and am also pretty terrified and feel sick with the thought of it!
i am now unclear about what you mentioned in your second point abotu your mortgage, I am hopefully keeping my flat since it is in negative equity, but I didnt realise I had to write this anywhere other than the property section of the form. do I need to write it in secured or unsecured creditors as well?
I have £67000 of debt so I am also worrying it will be too large and I will get a BRU, as it isnt from anything specific like a failed business - its more from recklesss spending,which I am very ashamed about :(
also how many copies of the formn do we need to take again? |
| ripski |
Posted - 29 March 2009 : 20:28:44
Bob, Is this your form for the OR as it doesn't sound like my statement of affairs form or Have I filled mine in wrong?
ripski1 |
| bob |
Posted - 29 March 2009 : 17:22:38
tnx john ... |
| John |
Posted - 29 March 2009 : 13:40:11
Hi
1) Yes you can but you will need to change provider as the one you owe will not want to continue to supply unless the debt were paid, once bankrupt and if you have included the debt, you cannot repay it anyway. A new provider might not be willing to supply whilst you owe a competitor either but bankruptcy will eliminate that debt of course.
2) Any amount is fine, and yes £1 is ok, enter unknown in the date incurred and potential shortfall in the reason for debt column.
3) It won't seem so to you but £50K is a moderate sum in the scheme of things and the examiner will be used to dealing with sums many times that amount.
Bob I know it's difficult but the court will I can assure you be an absolute breeze. Whilst you may be in the building for up to a couple of hours you may not actually see the court room and if you do it will be for a matter of minutes. And the judge is absolutely not going to look over his/her spectacles at you with a look of disdain.
It's far more likely that the judge will be very sympathetic and wish you well.
John White
England Jackman & Spacey |
