HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?
•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts
Blogs:
•Bankruptcy News
•More...
Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs
FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 I need to become bankrupt cant afford payments		  New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Kathryn.ki
Starting Member



1 Posts
Posted - 03 February 2011 :  14:41:35  Show Profile  Visit Kathryn.ki's Homepage  Reply with Quote
I need o become bankrupt as I cant afford any paymebnts that I owe. I dont own a house or car and my furniature is all second hand. What can I have taken off me as an assest

glafy
forum expert

436 Posts
Posted - 03 February 2011 :  14:51:50  Show Profile  Reply with Quote
Welcome to the forum Kathryn.ki

One of The Experts will be along soon to answer your questions.
Go to Top of Page

Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 03 February 2011 :  15:07:43  Show Profile  Reply with Quote
Hi Kathryn

it is a struggle and question that is often asked

some charities and utility companies previously had a fund but i am currently unaware of any of them that have money.

some works union or works welfare fund have a contingency hardship fund.

for ex military armed services support networks can help.

another option is to stop paying all of your creditors and put the money to one side to fund BR.

its not what they can take as in assets it is the phone, letters and chasers for payment that hurt.

if you are on benefits you can save court fees.

I ended up selling stuff at car booties and village fayres to make both of our court fees.

sorry no easy answer

Richard
Go to Top of Page

Housing
Senior Member



United Kingdom
1399 Posts
Posted - 04 February 2011 :  10:20:32  Show Profile  Reply with Quote
Hi

As Richard P has said, there are some organisations that may be able to assist you with funds for BR - fewer these days of austerity though.

Are you in work? If so, a trade union may be able to assist.

Have you had any time in the services? If so, SSAFA and the RBL may be able to assist

You may ask the CAB to advise you on a strategy - that is free and very often very helpful. (I used to do voluntary work for them)

You may call CCCS a national organistation who will give you advice on debts and dealing with them

If you are not in work and on welfare benefits, you may qualify for an abtement on the BR fee (Not the court fee (£150)

Post back as you need to

Good luck, Housing

"There are no problems - only solutions"
Go to Top of Page

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 04 February 2011 :  10:26:38  Show Profile  Reply with Quote
The phone calls and letters will be a pain, but as long as you stick to your guns and tell them you can't afford to pay and will be going bankrupt there's not a lot else you can do until you get the money together.

You can hope that one of your creditors decides to do it for you but that is unlikely as it costs them a lot more.

Your furniture will be quite safe.

Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

Jan
xx
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06