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layby_lil
Junior Member
United Kingdom
172 Posts |
 Posted - 02 September 2008 : 10:48:41
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| hi all. this is my 1st post I am £17k in the hole. I am 63, no work and close to retirement I have been advised to go BR. But where do I start I feel completely lost. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 September 2008 : 10:53:00
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Hi laybylil and a very warm welcome to you.
From what you have posted it sure sounds like BR could be an option but dont quote me on that.
One of the other experts will be along shortly and give you some more advice, but your not alone and hang on in there.
Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 02 September 2008 : 11:56:14
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Hi Layby Lil,
BR is certainly an option. However, you need to be mindful that if you are within 3 years of retirement when you go BR and your pension pays out a lump sum, the OR could take it to pass to your creditors.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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layby_lil
Junior Member
United Kingdom
172 Posts |
Posted - 02 September 2008 : 15:27:34
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| Hi Guys, thanks for the welcome and quick responses. Jo, I have read a little of your blog and thanks it is very helpful I will study some later. Julian, I will only receive a basic state pension on retirement so I don't think there are any worries there, neither do I own any property.In fact I heve little in the way of possessions at all . My car is worth about £200. ??? what I need to know at this point is who do I approach to get started. and perhaps more importantly I want to emigrate within 6 months. will BR affect me in any way regards Lil |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 02 September 2008 : 15:32:07
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Hi Lil,
Regarding your emigration, you'll need to check with the relevant embassy to see if BR will effect your application.
To get started, just download the documents from the Insolvency Service website. Once completed, book a date at your local county court!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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layby_lil
Junior Member
United Kingdom
172 Posts |
Posted - 15 September 2008 : 17:23:42
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Hi all, I do apologise for this late reply.
I took some time out to go and stay with friends.
I feel as tho' I am on the edge of a breakdown an dneede a little space.
Thanks for the tip Julian, I will follow that up today. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 September 2008 : 17:53:27
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Hi Laybylil
I hope that you get things sorted out and soon. I know i dont know how your feeling right now but do remember that we are all here for you. No matter what. Any time of the day or night.
Keep smiling and you will get there i promise. :-)
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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going BR
