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Michelle.4
Starting Member
7 Posts |
 Posted - 17 January 2011 : 20:30:53
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| We are considering going bankrupt and a company has offered their services for a fee as they will do all the work and make sure the forms are filled out properly. Do you think this is a good idea? |
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glafy
forum expert
436 Posts |
Posted - 17 January 2011 : 21:03:04
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Hi Michelle.4
I used the service provided by reviva as I felt that I needed their guidance plus the peace of mind of knowing that I had filled everything in correctly.
There are so many experts on this site who can help answer any questions and/or queries. Depending on how complex your BR is then it could be possible to apply for BR on your own as finding the fees can be a major problem
Good Luck with whatever route you take.
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Michelle.4
Starting Member
7 Posts |
Posted - 17 January 2011 : 21:21:41
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Thankyou for your response, its quite frightening going it alone, so I think going with a company that know how to deal with br may be the way forward. Many thanks.
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TheCat
Starting Member
United Kingdom
5 Posts |
Posted - 17 January 2011 : 22:03:36
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IMHO don't pay anyone to fill in a few forms for you - if you print them off, take your time at do them in stages there's nothing too complicated to prevent doin it yourself.
If you've got any questions ask here (new thread each time) and you'll get free answers to anything you can think of.
Also on the day of your court hearing the clerk will give the forms a once over to check for basic omissions and the OR will clarify any facts he doesn't understand with you at your interview.
Fairly painless really and way cheaper to do it yourself |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 18 January 2011 : 00:37:17
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Hi Michelle,
You will be pulled one way and the other over this. As posted, you could do it yourself with care, but with things like getting your income and expenditure right, how to deal with a car, plus many other factors, it could be the difference between doing it right,or opening a pandoras box for the OR to delve into.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 18 January 2011 : 08:46:08
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Hi Michelle et all
the use of abankruptcy assist company is as big al says a personal preference.
some companys will work along side you helping to plan before the day (this is the big area that is overlooked because once the judge has made the order it is very hard to realign or present your case different), help at the court and be with you for the year of bankruptcy
some companys will do court paperwork based on info you pass down the phone.
some companys will listern to your scenario and say that is straight forward if you do XYZ you will be able to petition on your own.
petitioning for bankruptcy on your own can be done.
It is down to you as a person and what you want, i had been to court many times so was not panic about going to court but for the whole process i needed a freind and support, so i choose a company in the first paragraph. it was the right call for me.
good luck Richard |
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Skint101
Starting Member
18 Posts |
Posted - 18 January 2011 : 17:30:22
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| We are stuck with this same thing. We thought the fees would be around £600 but they have turned out to be more than double that. We feel we need someone to help us with I&E but are lost as to how we are going to make the BR fees up and the fees for the assist company. We aren't a complex case but are finding the whole thing a bit daunting. |
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debtinfo
forum expert
2826 Posts |
Posted - 18 January 2011 : 19:12:53
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| I&E is simply what you earn (you must know that) and what you spend, as a general rule put everything down, The OR is likely to knock a bit off if they can, just put what you actually spend |
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Skint101
Starting Member
18 Posts |
Posted - 18 January 2011 : 19:56:04
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| My husbands wages are hard to work out as he is on an eight week rota. Would we put the lowest month down. We can't put an average as the months that are less would leave us with nothing. |
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debtinfo
forum expert
2826 Posts |
Posted - 18 January 2011 : 20:47:30
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| You do need to put an average down, it wont leave you with nothing, if you budget correctly. You need to amke sure that you take an average across the entire cycle to make sure that all the ups and down are included |
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paulgm_2000
Starting Member
49 Posts |
Posted - 19 January 2011 : 19:21:49
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I spent weeks mulling over the bankruptcy forms and ringing National Debtline every fives mins and generally getting nowhere. Also posted on here many times too!
I found all the 'free' advice to be very helpful but also contradictory. I was advised not to by National Debtline but, I then gave a Reviva UK a call and was helped out by two of their bankruptcy experts.
Anyway, there advice was very firm and clear and relieved alot of stress from filling out the forms. They did charge but gave me a discounted rate after hearing of my situation.
Dave from Reviva also came to the court with me and explained exactly what would happen.
It is a personal choice completely and I can understand the view point 'for' and 'against' using bankruptcy assistance.
It can certainly be done without help however, it relieved a massive amount of stress from me at the time(was also my 30th birthday!) :)
To be honest the hardest thing was deciding to go bankrupt in the first place! :) |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 19 January 2011 : 22:18:15
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as has been said it is a personal choice but as with a lot of things in life you get what you pay for and for 600 i would not expect much more than paperwork filled in and supplied, i presume thats for you and your husband. If its for 1 then i would expect a lot more
I personally know people who have paid more than double 600 and they were very satisfied with the service they got from their expert
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
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glafy
forum expert
436 Posts |
Posted - 20 January 2011 : 10:01:59
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Just to let you know that the support we have had from Dave at reviva has been invaluable & worth every single penny. He has supported us from day 1, helping explain & complete the paperwork, supporting us at court & being on the end of the telephone to answer any questions or worries that we had or still do have. He will be with us for the full 12 months of our BR and the knowledge that we have that support available is a HUGE relief to us at this very stressful time.
I am sure many people will be able to complete BR without assistance from a company but for us it was definately worth paying the fees.
I hope that being able to read experiences of both sides of this topic will help people make the decision that is right for them.
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 20 January 2011 : 10:34:21
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Hi Michelle
I have been in bankruptcy assist for many years and have completed thousands of applications I do this knowing full well that individuals can and do this themselves, every day this is done and only a miniority of bankrupts chose a company to represent them, if your situation is simple then free advice from this forum a little patience and you can do it yourself, Chester stated that for £600 you should not expect anything more than paperwork supplied and forms completed, I am not sure where he/she shops but you can do much better than this,I think for two hours work (£300 per hour) this is alot of money to pay, I have completed forms court assisted and also 12 months support for less than £500 less than £400 per person for a couple, my fees are similar to many companies, my advice is shop around if you google enough you will do even better than that, but first try the free way CAB or just ask questions on this forum and do it yourself, for just a set of forms completed to the court satisfaction you should expect to pay no more than £250 tops. |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 20 January 2011 : 12:09:24
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Daniel when i said £600 for forms etc. i meant for 2 people so as you have said £250 ish each i don't think i was too far away was i?
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 20 January 2011 : 12:19:35
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Hi Chester
Yes you are right |
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Topic |
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Using the services of a bankruptcy assist company ?
