| T O P I C R E V I E W |
| amyc |
Posted - 27 October 2009 : 18:17:23
i was just wondering if anyone has used credit to pay for thier bankruptcy feens and if so what wil the judge say? if someone is struggling and living off credit how can they pluck £510 out of thin air, i know its our faults for getting into this situation but just a thought |
| 15 L A T E S T R E P L I E S (Newest First) |
| Skippy |
Posted - 10 November 2009 : 22:52:42
I'm not sure if the payment break would count towards the missed payments, you would need to check with your IP.
Give the court a call and check how many copies of the forms you need as not all courts are the same. I didn't have enough and it cost me a fortune for the court to photocopy it for me - I wasn't going away without going BR though!
Photocopying the forms will be fine - I did mine online and printed one copy and then copied them.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
28 IPA payments made, 8 to go - in single figures! |
| amyc |
Posted - 10 November 2009 : 20:22:30
Thank you jan. I appreciate your help as always. We are going to try and do it ourselves. Have been assured by am expert that using over draft by 200 to survive until we go bankrupt wont be a massive problem. We have the forms. Can anyone tell me do we both need 2 copies each. Was going to photo copy them. Will that be ok? Hoping to book into court for end of february. Hoping creditors wont call. Can anyone tell me we had a 1 month payment break a while ago. Does that count as 1 of the 3 missed payments. X |
| Niobe |
Posted - 10 November 2009 : 10:17:39
You shouldn't use credit at all once you are insolvent, but especially not to pay professionals to help you to do something you can do yourself for free.
Although you won't be able to meet up with Mel,which is a pity, you can get the forms and ask questions on here and the IVA site and we can help you will them in.
The glimmer gets brighter all the time
Jan
xx |
| amyc |
Posted - 09 November 2009 : 22:09:26
The only reason I asked was because a friend told me it was ok to use credit to pay professionals to help with bankruptcy. Unfortunately I cant get to computer because its broken. Using phone to post and its not easy. Get lots of good advice but it all seems to be different. We dont intend to use credit to pay for bankruptccy but using a little un survive on until bankruptcy is finalised. Getting bit worried. I dont think I can take mel up on her offer as I cant get anytime off work. I cant thank her enough though for offering. Thank you all might take few days until I post again x x |
| Niobe |
Posted - 09 November 2009 : 15:51:27
If you use credit to sort out BR, then the OR would pick up on it and you would very likely get a BRU.
Once you realise that you are insolvent, you should not use any further credit.
The glimmer gets brighter all the time
Jan
xx |
| madwithworry |
Posted - 09 November 2009 : 14:34:36
sorry to hi-jack the topic, but what would be the outcome if someone was advised by a debt management company to pay their fees for financial advise,arranging an IVA which failed , IP fees then ultimately sorting out a bankruptcy by using credit to pay them. If the OR was to pick up on this what would happen? katie |
| Niobe |
Posted - 08 November 2009 : 21:53:22
Amy, you should not be using any credit to fund your bankruptcy or to pay any professionals to help you.
This is likely to result in you receiving a BRO, which will mean that bankruptcy will last longer.
You can deal with this yourself - I believe Mel G has offered to help you fill the forms in next week. Take her up on that offer.
You will then only have to pay the court fees rather than a firm. You seem to be struggling to find the money for that - how will you fund paying a company to help you?
The glimmer gets brighter all the time
Jan
xx |
| amyc |
Posted - 08 November 2009 : 21:30:00
Hi troubled mind. If you dont mind me asking are you using any credit to fund your bankruptcy fees or to pay the professionals that are helping you along the way x |
| Reviva UK |
Posted - 07 November 2009 : 00:00:15
Hi Amy
I am sure that you won't get an income payment agreement, and bailiffs are several months away leaving you quite a lot of time to prepare.
I have sent you an email and am on my mobile over the weekend.
Paul
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
| troubled mind |
Posted - 06 November 2009 : 23:56:11
Hi Amyc Paul is helping us with ours, speak to him again and ask about fees. I am sure he will explain it all to you.
Tina |
| amyc |
Posted - 06 November 2009 : 23:49:42
hi ya. i know the feeling exactly, i spoke to paul this week and the same as you he has really out my mind at rest. I am thinking about getting an expert to help us through the whole process but am unsure of the prices for this. Any ideas? |
| troubled mind |
Posted - 06 November 2009 : 19:09:06
Amy
I am a new member of this forum and as such can not give you advice. We are in the same position in that we can not afford our IVA. Today I took the advice of another member and rang Paul at Reviva. He has given me hope for the future and I feel that I have lost all my fears as I know he is going to help us each step of the way. There is always an answer and I have found mine. I hope you do too.
Please take care and my best wishes for the future.
Tina
Tina |
| Niobe |
Posted - 30 October 2009 : 20:04:51
Personally Amy, I don't think you have anything to worry about.
I hope you can manage to meet Mel the week after next and she will help you with everything.
The glimmer gets brighter all the time
Jan
xx |
| charlie44 |
Posted - 30 October 2009 : 15:24:11
Amy even with a BRO/BRU you will still be discharged after 12 months. Her are the restrictions imposed on you,
The person must disclose their status to a credit provider if they wishes to obtain credit of more that £500.
The person must disclose their status to those they wish to do business with the name under which they were made bankrupt.
The person must not act as the director of a company or take part in its promotion, formation or management unless they obtain permission from the court to do so.
The person may not act as an insolvency practitioner or as receiver or manager of the property of a company on behalf of debenture holders.
May not be a Member of Parliament in England and Wales
May not act as a local councillor
May not hold the office of school governor
May not hold other positions as contained in other legislation |
| Skippy |
Posted - 30 October 2009 : 14:35:31
Amy, you only get an IPA if you have £100 or more disposable income each month.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
28 IPA payments made, 8 to go - in single figures! |
