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hindle66
Starting Member
United Kingdom
4 Posts |
 Posted - 20 March 2011 : 09:16:37
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We are just entering Bankruptcy after paying a DMP for 4.5 years, Due to a number of circumstances our household income has reduced considerabley and we cannot make the payments and live. BR was the last resort but before we start racking up debt for our secured borrowing we have decided to move quickly... We have contacted a IP who is working with us and has given us help and support. We are moving out of our property on the 25th into a rental and hope to start our new life. I'd say we have been very structured how we have approached this and already have the money through selling stuff on ebay to cover our BR. We are planning for the end of April to go to court and move on from there. If there is anyone who could advise us on our approach thus far and what we will expect going forward it will be very much apreciated.
Many Thanks
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 20 March 2011 : 09:58:07
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Hi hindle and welcome to the forum.
I think you are doing really well and seem to have everything covered.
Once you have been to court then you will have an interview with the OR, an IPA if you have over £20 DI for three years and you can then just get on with your lives with no worries.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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hindle66
Starting Member
United Kingdom
4 Posts |
Posted - 20 March 2011 : 19:58:53
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Many thanks for the reply Jan.
We have gone through our expenditure and what you are allowed to live as a family with our IP and basically we where well short of what was considered an acceptable limit(cutting our budget to meet our fixed payments, all the things you do to keep your head above water),So the expectations are that we will not have a IPA after our allowable living costs are taken into consideration. All we want is to get back on track and live a normal life... just the covering basic family stuff will be great .... |
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fattypatty
New Member
United Kingdom
69 Posts |
Posted - 20 March 2011 : 21:22:16
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hi hindle 66 good luck with everything just rem you are not alone x
the move alone is stressful enough without going br but you will get there this site really does help and posting messages to the experts and getting a response as quick as you do is so assuring .
keep posting and let us know about the move i go the courts next week to pay for br and im worried about that but it has to be done ,any way take care and keep your chin up . |
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mistake09
Starting Member
49 Posts |
Posted - 21 March 2011 : 16:44:10
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| just remember where things went wrong and try not to make the same mistakes again, worked for me, good luck |
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kentmikey
New Member
61 Posts |
Posted - 29 March 2011 : 22:30:54
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| Good luck Hindle, I wish my Wife and I was as organised, unfortunately I think we have paniced too much and buried our heads in our hands too long. I am going to speak to my bosses tomorrow to see if I can have an advance on my wages so I can submitted our BR forms... |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 March 2011 : 22:50:21
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The fees are just about to go up again as well - I believe it's £25.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Topic |
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BR Advice Please
