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kentmikey
New Member
61 Posts |
 Posted - 29 March 2011 : 21:58:42
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Hi, I have not been on here for quite a while, too long in fact, I am hating life at the moment whilst struggling to save money for the bakruptcy costs, each time we have fair amount saved, something happens. I have a partner who unfortunately seems to bury her head in the sand and be blazay about our a situation.
I have for a long time believed that bankruptcy was the only line of action for us to lift the huge weight on my shoulders. I am going to speak to my two bosses this week to see if I can have an advance on my wages for the £1200 I need.
Am I able to post specific questions about BR? I do have a fair few to post.
Was also wondering if there were any chatrooms that like minded people going through the same situation?
Mikey |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 March 2011 : 22:49:00
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You can ask specific questions if you want to - I'm sure someone will be able to help you.
Don't know about any chatrooms though.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 29 March 2011 : 23:59:20
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Hi,
whatever questions you have, just post them, and one of the experts/mentors should be able to provide an answer!
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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kentmikey
New Member
61 Posts |
Posted - 30 March 2011 : 08:02:59
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Thanks guys.
First question I have is that when I go Bankrupt, I include obviously everything that is within the IVA but I also assume I include all other debt I and my Wfie currently has.
I still owe my Father about £5500 which I am trying to pay him £100 per month, long story, does anyonbe know how the IP will view this?
Mikey |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 30 March 2011 : 09:58:42
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do you need to go BR together at same time ?
you cant show preferential treatment to any creditor over another
Richard
Good Luck Richard,
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kentmikey
New Member
61 Posts |
Posted - 30 March 2011 : 10:54:11
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| Surely it makes sense to go BR together as a number of our debts are joint. So potentially this could be an issue with the debt I owe to my Father then? Also, with my employers giving me an advance of my salary to pay the costs would this also get tied up in the BR? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 March 2011 : 11:20:24
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Your father will have to be included as a creditor and you won't be able to pay him back seperately.
Not sure about the advance on your salary.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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glafy
forum expert
436 Posts |
Posted - 30 March 2011 : 20:26:15
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Hi kentmikey.
I & my husband applied for BR at the same time as we too had joint debts and this made things easier for us.
As the experts have said, showing preference to one creditor will be frowned on by the OR even if they are family.
Hope that everything becomes clearer for you & keep posting.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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kentmikey
New Member
61 Posts |
Posted - 30 March 2011 : 22:17:35
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| Well I have had some good news, my bosses may be able to give me the £1200 I need, should know tomorrow. I fully understand the way that it would seem that I would be favouring my father. Just not looking forward to talking to him about my situation, am feeling very much that I am a failure :( |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 March 2011 : 23:03:11
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You're not a failure Mikey - there are so many people in the same position.
Good news about your boss. Don't forget that you will need an extra £50 if you do it after next week.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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kentmikey
New Member
61 Posts |
Posted - 31 March 2011 : 07:42:20
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Are the charges going up again? Is that £50 each application?
I am starting to put plans into action, obviously everything in the IVA will be included in the bankruptcy, obviously anything further debt wise will also be include, for example I have balances with both EON and British Gas (no longer my providers), I have an arrangement where I pay a monthly amount each month to both of these, I am going to stop the payments now and inform both I am going BR. I assume this is ok?
Still not sure how to approach the situation with my Father so will think about that over the weekend.
Mike |
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glafy
forum expert
436 Posts |
Posted - 31 March 2011 : 09:26:36
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I think it is increasing by £25 per person.
I'm sure jan can clarify this.
Everything's going up these days!
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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RHB
Senior Member
1159 Posts |
Posted - 31 March 2011 : 13:32:08
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| If you have an advance of salary for your fees what will you actually live on once your bankrupt??? |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 31 March 2011 : 13:42:27
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Glafy is right, the BR fees are going up by £25 per person as of 4th April.
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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kentmikey
New Member
61 Posts |
Posted - 01 April 2011 : 10:52:01
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| My salary is going to stay the same, I was due a pay increase this April but instead they are gifting me the money and instead I will have a salary review next April. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 April 2011 : 13:32:46
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That is a very understanding firm Mikey, full marks to them.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Time to act
