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Stressed Susan
Starting Member
United Kingdom
14 Posts |
 Posted - 08 April 2010 : 18:40:20
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I was already in about £12K debt from a bank loan, credit cards & an overdraft when I was made redundant. There doesn't seem to be any work around for me & having signed on for Jobseekers, I have looked at my options & the only way out for me is to become Bankrupt now. So with a big breath I am getting organised.
I tried to telephone my local court (Bow) but they are constantly engaged. So the plan is now to go to the court in person & try to make an appointment to petition for Bankcrupcy. I do wonder how people manage to pay the court fees when they are on jobseekers. Any advice on this would be gratefully received. |
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debtinfo
forum expert
2826 Posts |
Posted - 08 April 2010 : 19:16:44
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| Hi have you taken any advice from the debt charities (CAB, CCCS, National Debtline) as if you have little or no assets and low income you may qualify for a DRO instad which is much cheaper |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 09 April 2010 : 10:14:36
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If you are on jobseekers then you can get a £150 reduction on the BR fees although this still means you need to find £400.
Most people stop paying their creditors but chances are you aren't paying them any way. I would definitely speak to the CAB about your situation. They may know of other ways to assist with the BR fees or you may be eligible for a DRO, which (I think) is only a £90 fee. |
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Stressed Susan
Starting Member
United Kingdom
14 Posts |
Posted - 15 April 2010 : 09:32:11
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quote:
Originally posted by debtinfo
Hi have you taken any advice from the debt charities (CAB, CCCS, National Debtline) as if you have little or no assets and low income you may qualify for a DRO instad which is much cheaper
Yes, I went to CAB & discussed a DRO. Although it is considerably cheaper to do one, when I start work again it would mean that I would be back to square one having to pay creditors. So BR is the best option for me. Thanks for your input. Much appreciated.
Susan R Edmonds |
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Stressed Susan
Starting Member
United Kingdom
14 Posts |
Posted - 15 April 2010 : 09:36:11
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quote:
Originally posted by gettingoutofdebt
If you are on jobseekers then you can get a £150 reduction on the BR fees although this still means you need to find £400.
Most people stop paying their creditors but chances are you aren't paying them any way. I would definitely speak to the CAB about your situation. They may know of other ways to assist with the BR fees or you may be eligible for a DRO, which (I think) is only a £90 fee.
To complicate matters I have just been signed off sick by my doctor. So I'm no longer on Jobseekers. Although I have completed the application for sick Benefit, it isn't confirmed on paper yet. I have been told that it can take up to six weeks to process. So I can't use that as a reason for reduction in BR fees, as you have to provide proof. I'm a bit on limbo really.
Thanks for your reply to my question.
Susan R Edmonds |
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Bridgewood
Junior Member
United Kingdom
222 Posts |
Posted - 15 April 2010 : 10:29:20
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Hi Susan
Sorry to hear of your problems.
Just one point though - if I read your original post correctly and Bow County Court is your local Court, I think you will have to file your bankruptcy petition in the High Court so you would be better calling them first - 020 7947 6441 / 6839 / 6078 - although they are often engaged too!
Good Luck
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Edited by - Bridgewood on 15 April 2010 10:29:53 |
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Stressed Susan
Starting Member
United Kingdom
14 Posts |
Posted - 15 April 2010 : 10:39:32
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quote:
Originally posted by Bridgewood
Hi Susan
Sorry to hear of your problems.
Just one point though - if I read your original post correctly and Bow County Court is your local Court, I think you will have to file your bankruptcy petition in the High Court so you would be better calling them first - 020 7947 6441 / 6839 / 6078 - although they are often engaged too!
Good Luck
Susan R Edmonds |
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Stressed Susan
Starting Member
United Kingdom
14 Posts |
Posted - 15 April 2010 : 10:41:16
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quote:
Originally posted by Bridgewood
Hi Susan
Sorry to hear of your problems.
Just one point though - if I read your original post correctly and Bow County Court is your local Court, I think you will have to file your bankruptcy petition in the High Court so you would be better calling them first - 020 7947 6441 / 6839 / 6078 - although they are often engaged too!
Good Luck
Whoops, my finger slipped..........
You're correct. Although Bow is my nearest, CAB have suggested that I go to the court at the Strand. So that's the plan.
Thanks for your suggestion.
Regards
Susan R Edmonds |
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I was already in about £12K debt from a bank loan,
