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Jo.js
Starting Member
1 Posts |
 Posted - 29 January 2011 : 18:52:32
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| I borrowed 24k from a family friend in 2003 and signed a promissory note through solicitors to pay back £500 a month for 60 months. Various circumstances over this time meant I couldn't afford to pay £500 each month so now he has applied to court for ccj against me. I went to court last Tuesday to go bankrupt. What happens now with the debt to him? Can he still take me to court or does the bankruptcy order protect me? He said he will tell the newspapers and local tv about me owing him money. He has already wrote to my family members about me. Does anyone know? I am worked sick. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 29 January 2011 : 19:26:42
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Hi Jo and welcome to the forum.
I doubt that any television chanel or newspaper would be interested in his story, sounds like he's just trying to threaten you.
I presume he was listed on your SOA, the official receiver will contact him and his debt will be written off in your bankruptcy
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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Georgieandrumble
Starting Member
United Kingdom
3 Posts |
Posted - 29 January 2011 : 19:58:16
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| Thank you so much for replying. I'm sure he won't be happy to receive the bankruptcy news and will sue me. :( |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 29 January 2011 : 21:48:53
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Hi,
Do not worry, the debt will (from what you have described) be included in your BR - speak to the OR staff member that is dealing and she/he will assist.
He cannot "sue" you... The debt will be captured in the BR and "lost"
Be positive and do not let him intimidate you - if he does, tell the OR - that is a criminal offence and can be dealt with if he tries to do anything untoward. He is not allowed to do anything such as you are fearing - Richard
"There are no problems - only solutions" |
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Georgieandrumble
Starting Member
United Kingdom
3 Posts |
Posted - 29 January 2011 : 22:25:44
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Thank you so much for the reassurance.
I've struggled with debt for 11 years now, robbing Peter to pay Paul, and pretending to all that life is great!
After many months of research, I decided now was the time to apply for bankruptcy rather than burying my head in the sand, and this forum has been a god-send.
Debt feels such a lonely problem. I can't remember the last time I had a decent nights sleep! But this forum has made me realise that there are many others going through what I have and there is no need to feel lonely or a failure.
Jo x :-) |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 29 January 2011 : 22:30:51
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Hi Jo and welcome to the forum. I can't add anything to what Viki and Housing have said but I just wanted to say you're right, there's no need to feel lonely, and you're certainly not a failure.
When it's happening to you it feels as though you are the only person in the world going through it, but please keep posting as there's always someone here who understands.
Big hugs, and although it's easier said than done, please try not to worry xxx
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 29 January 2011 : 22:52:32
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Just to say there are hundreds of people who post on here who have the same experiences - stay positive and post for your questions to be answered,
Richard
quote:
Originally posted by Traceyjr
Hi Jo and welcome to the forum. I can't add anything to what Viki and Housing have said but I just wanted to say you're right, there's no need to feel lonely, and you're certainly not a failure.
When it's happening to you it feels as though you are the only person in the world going through it, but please keep posting as there's always someone here who understands.
Big hugs, and although it's easier said than done, please try not to worry xxx
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last!
"There are no problems - only solutions" |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 January 2011 : 11:14:03
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I agree with the others. He cannot sue you and even though he may have written to family members that's the worst he'll be able to do.
The papers and tv won't be interested at all.
Big hug from me as well.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
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Georgieandrumble
Starting Member
United Kingdom
3 Posts |
Posted - 30 January 2011 : 11:52:02
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| Thanks jan! God i wished I'd you all via this forum years ago!!! :-) Jo x |
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glafy
forum expert
436 Posts |
Posted - 30 January 2011 : 21:57:04
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Hi jo.js
As the others have posted, welcome to the forum & remember we are all here due to many different circumstances. No one here will judge but everyone will want to support anyone who is going through, or has been through, this stressful time.
Post here as often or as much as you need. We need each other for guidance and help at many times. I have found all advice on here to be sound & honest.
Aren't we lucky to have this site.
Keep reading and I wish you well in this journey.
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I borrowed 24k from a family friend
