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joanne.m
Junior Member
United Kingdom
171 Posts |
 Posted - 08 June 2008 : 01:17:17
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hi hope someone can help im under so much stress im in a lot of debt went to cccs and they told me my only option is bankruptcy this is all well and good but me and my partner dont have a £1000 to be able to do it we get letters every day from debt collectors solicitors and even threats of bailleifs but it doesnt make things any easier my incomes halfed we had to do a volentry surrender on the house and are now in private rented 1 year nearly on end of july we have around £49,000 unsercured debt then on top of that we have monies owed on our house thats outstanding i dont know wether this is our fault or northern rocks for over lending house bought for £80,000 in 2004 when northern rock put it up for sale it was valued at £99,950 2007 but they valued it on re mortgage as £125,000 in 2005 so they lent us in total 80,000 mortgage £28,000 unsercurerd lone then a sercured lone of £38,000 then welcome fienace £10,000 sercured totaling £156.000 and it was only worth £99,950 in 2007 it sold for £97,000 leaving £59,000 then theres another 11 creditors on top of that at a value of around £30,000
can you tell me if there is any grants you can get with help with cost and who they are cccs did say there was ???? please help im so desprate a wits end
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 08 June 2008 : 12:26:16
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Hi Joanne.M and welcome to the forum.
From what you have said, it is clear BR is the right option for you. If you are on income support (or other benefits), you may qualify for a discount of £150 on the BR fee of £495.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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longnose
Junior Member
175 Posts |
Posted - 09 June 2008 : 00:59:01
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| hi joanne.m, i am sure CCCS gave me a list of utilitiy companies,who operate a trust fund?,some of which cover the full costs of bankruptcy ,maybe yours is there?.You can talk to the CCCs bankruptcy team ,i found them very good. |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 09 June 2008 : 08:45:08
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Hi Joanne
If you have made the decision to go BR is there anything you can stop paying? Anyway you could get the money together that way?
I was actually in an IVA and once I had made the decision BR was the only way out I stopped paying into my IVA so I could save up the money to go BR!
I am sure everyone who goes BR must do something like this to get the money together!!!
When you know for definate that you are going BR you can inform the debt collectors of your court date and that they will be contacted by the OR in the near future. That will get them off your back!
I know how you're feeling, its no fun struggling with money and being hassled by debt collectors, but you will get lots of support and help through this forum
Hope this helps a little
Vicki x |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 09 June 2008 : 09:59:15
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Hi Joanne,
Another option may be to enter into a short-term debt management plan to keep the creditors off your back whilst you save up the BR fee.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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cat
Junior Member
201 Posts |
Posted - 09 June 2008 : 11:04:16
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| Hi Joanne, the cccs told me to apply to the anglian water trust fund and the british gas trust fund for help with the BR fee. I did this but was not successful so had to borrow the money from my in-laws. Apply for help from them and see how you get on. Good luck! |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 09 June 2008 : 11:07:09
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Hi Cat,
Great advice. Be interesting to see how Joanne gets on!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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joanne.m
Junior Member
United Kingdom
171 Posts |
Posted - 12 June 2008 : 12:22:36
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hi all again thanks for your advice i sent copies of cccs paperwork to all my creditors ive had 3 replies so far accepting cccs offer of £1.00 per month 1 wich was for £10.000 and another for £1.000 which they said they will reveiw in the year 2049 so maybe dead by then ha ha hopefully all will accept offer makes life abit easier thanks again for all yoyr advice loads of help thanks  |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 12 June 2008 : 14:11:23
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2049!!! If that's a short term debt management plan I would hate to see what a long term one is!! lol
Well done for dealing with your creditors. Hopefully you will be able to pay them off in the future and be totally debt free.
Vicki x |
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melanie_giles
Senior Member
1191 Posts |
Posted - 12 June 2008 : 22:16:45
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What a ridiculous arrangement, but hopefully one which will enable to you to save up for the bankruptcy fees whilst keeping creditors at bay.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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please help im so desperate
