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ellie
Starting Member
3 Posts |
 Posted - 16 April 2010 : 22:32:08
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I am being made bankrupt by the Inland Revenue and think its probably best to go along with it as I have fought it for so long its beome unbearable! (Ex business partner basically edged me out of the business and started again the next day and I've been landed with the debts).
I dont own a house and no real assets so probably best way forward to stop the constant threat.
When I go to Court (4th May) do I need to supply a list of my income and expenditure and other creditors?
Also if I remember another creditor after 4th May (or one pops up out of the woodwork, will it also get included?)
Pretty scared right now to be honest, just feel very battered and bruised but its time to put this behind me.
Thanks in advance of any words of wisdom. |
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debtinfo
forum expert
2826 Posts |
Posted - 16 April 2010 : 22:59:56
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no need to present the I/E or ither creditors at the court. In fact no need to even attend if you are not fighting it. The Official Receiver will get in touch later and will send you a booklet to fill in with all the details they need.
Any other questions feel free to ask |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 17 April 2010 : 15:40:49
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As debtinfo says there is really no point in turning up for the hearing if you are not challenging the BR order. It will only cause you more stress and worry.
The OR will contact you shortly after the hearing and ask you to provide information for ALL creditors. Any debts you have prior to the BR will be included in the BR order so if you forget about one creditor but remember them later it is not a problem. The OR is used to dealing with people that have completely lost track of their financial lives and have no idea who they owe money to and how much so don't worry. They are very professional and non-judgemental people so will not look down on you.
You also have the advantage (if it can be called that) of being declared BR so you save yourself the BR fee of £600.
The only thing you really need to do is to co-operate fully with the OR in their investigation and everything will go smoothly. The OR has quite extensive powers so do not try to hide anything from them.
Being declared BR is far from ideal but everyone on this board who is already declared BR can assure you that you will feel much more relived once it is over and you no longer have HMRC chasing you for money. |
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ellie
Starting Member
3 Posts |
Posted - 18 April 2010 : 18:55:44
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Thanks for the replies.
What do I need to do about my bank account. I was under the impression that it would be closed and I would need to open a new one after the day of the bankruptcy. I'm not overdrawn but there is very little in there. My child benefit and tax credits go into this account so I will need to ensure that they are safe somewhere.
The fact that I dont need to go to Court is such a relief and I am starting to think that this is about the best thing that could happen as it would follow me around forever as the debt is so substantial.
Heres looking forward!! |
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debtinfo
forum expert
2826 Posts |
Posted - 18 April 2010 : 19:34:37
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just to add, might be an idea to write to the court (im sure there will be a form or something) to say your not attending and not defending, makes the judge's job easier. It has been known for nice judges to think they are doing you a favour by giving you more time.
What bank is your account with now |
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ellie
Starting Member
3 Posts |
Posted - 19 April 2010 : 18:36:54
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Hi my account is with Nat West (has been for 15 years). I only have the basic Step account, was offered an upgrade on a few occasions but I decided I could control my money better with the "no overdraft/no cheque book" account.
I'll have a look at the forms to see if there is anything for me to complete to return to the Court. If not I have time to write as its a few weeks away yet.
Can I also ask about my rental property...will it affect my tenancy agreement (private landlord), have seen on here that sometimes the landlord gets awkward about BR people in their properties. I'm not behind with the rent.
Thanks in advance yet again!! |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 19 April 2010 : 19:39:24
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Hi ellie
you will have to check with Nat West that they are BR friendly, some of teh banks are helpful to bankrupts others think that you have three heads
if natwest wont play then open a coop cashminder get
your benefit transfered into the friendly account asap.
re rental property, you can ask the Or not to contact your landlord but they still have the power to still do so
regards richard |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 April 2010 : 20:27:45
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Hi
On the rental - do not worry too much. As Richard P has said, ask the OR not to contact them - you could let the OR have a copy of the tenancy agreement and the rental statement. That should be enough.
I wish you well, Richard
quote:
Originally posted by ellie
Hi my account is with Nat West (has been for 15 years). I only have the basic Step account, was offered an upgrade on a few occasions but I decided I could control my money better with the "no overdraft/no cheque book" account.
I'll have a look at the forms to see if there is anything for me to complete to return to the Court. If not I have time to write as its a few weeks away yet.
Can I also ask about my rental property...will it affect my tenancy agreement (private landlord), have seen on here that sometimes the landlord gets awkward about BR people in their properties. I'm not behind with the rent.
Thanks in advance yet again!!
"There are no problems - only solutions" |
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I am being made bankrupt by the Inland Revenue and
