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dazed and confused
Junior Member
United Kingdom
475 Posts |
 Posted - 05 October 2008 : 23:18:52
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Dear Forum
Sorry in advance for the long message - I am due to go BR soon. I have finally got round to looking at, and filling out the forms, and I have quite a few questions I was hoping to get help with please?
My situation is a bit unusual, in that I am currently employed but at the time I go BR I will have finished my job and will be on a Career Break and will be going abroad for a year to be with my girlfriend, so most of my questions are based on this. Also, I am currently in a DMP.
Section 1:
1.11 - Do I put down that I am Single? Separated? Civil Partner? (My girlfriend is currently living abroad and we have been separated for 5 months).
1.15 - Does a DMP need to be entered here?
Section 3:
3.1.5 - Would a Snowboard go down as a 'Tool of Your Trade'? I work as a Part Time Snowboard Instructor and therefore use my Snowboard for my job.
3.1.8 - Fixtures and Fittings - What should I put here, if anything??? I own clothes, towels, a wardrobe, a couple of chest of drawers, bedclothes, pots and pans etc. but nothing of real value.
3.1.9 - Freehold Land and Property - what do I put here??? I live in rented accommodation and own no properties.
3.1.10 - Same as above???
3.1.12 - Pensions etc. - I pay into a Pension Scheme at work in my full time job - it is a Logal Government Pension Scheme - do I need to put this down on the form?
3.1.19 - Any other property - I own a Car (£1,000), Laptop (£400), Camera (£400), Video Camera (£200) and a few other things worth no more than £150 e.g watch, CD's, DVD's etc. Also, I am in possession of a bike (worth £495) which I have on a 'Hire Agreement' from work which must be paid over 18 months (I do not own it until the end of the Agreement) - do I need to put these down and how do I get an accurate valuation of them - they are all at least a year old.
3.4 - Do I have to put my work Pension Scheme down here? (mentioned above).
3.5 - Would selling small items on Ebay need to go down here e.g. Playstation 2, old camera's etc. - nothing more than £50.
3.7 - At what price do you value a vehicle? I have looked at so many different sites and they all seem to give vastly different valuations! Would this be based on Auction Value?
3.9 - I have access to 3 different vehicles on an occasional basis at work - do these need to be listed?
Section 4:
Is this the Section to put down Personal Loans and Credit Cards?
Should I put Student Loans down?
Should I put my Bike Hire Agreement down?
What if I can't remember the exact date I took out the Credit?
What if I can't remember the reason I took out the Credit (most of it was 'consolidation' - oh how I regret that now!)?
Section 5:
5.1 - Do I still have to include Credit Cards if they are long cut up and gone???!!!
5.4 - Do I just list all Bank Accounts here? Do I put all Bank Accounts down, whether they are overdrawn or not?
Sections 6, 7 and 8:
I am not aure what to put down for these Sections, as on the day I go BR I will have finished work for the Career Break, I will have received my last pay, and all my final payments for bills, rent etc. will have been paid by then - so should I just leave it blank???
Section 9:
Does this Section just relate to poperty as in houses or does this apply to things like items sold on Ebay etc. e.g. camera's etc.???
Section 11:
11.1 - What date do I out down for when I started struggling to pay debt? Thinking back over the past few years, I have been struggling for a while - juggling debt, balance transfers, consolidation loans etc. - do I include this or just the date when I actually stopped paying my Creditors
11.2 - What is acceptable to go down here? I have a number of reasons - living beyond my means, living an unrealistic lifestyle, being a bit financially naive, expensive car problems, my girlfriend having to leave and living costs going up - there's loads!!!
Right, I think that's it for now!!!
Any help / advice would be very much appreciated!!!
Thanks in advance...
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 06 October 2008 : 13:21:09
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Hi!
Me again!
Can anyone help with these please, or some of them (I know it's a long post!!!)? |
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BankruptC
Senior Member
1030 Posts |
Posted - 06 October 2008 : 13:52:54
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Hi again Dazed,
Not sure if you missed my message or maybe you've managed to get your form sorted now. Hope you're ok. It's hard work filling them in!
C. x |
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digman
Junior Member
United Kingdom
319 Posts |
Posted - 06 October 2008 : 14:04:51
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Hi d&c ,
just finished reading the post , started while eating breakfast at 8.30am , LOL !!
cant answer all your queries but can maybe help on some ;
1.11 would say put down single
3.15 snowboard , i would think would constitute a tool of your trade as you use it to earn money
3.18 i would say write NONE as i did
3.19 write NONE again as it relates to property you own
3.10 as above
3.12 pensions . i would suggest it had to be put down
3.4 yes again re pension
3.5 no wouldnt bother with ebay stuff unless it was high value stuff -- i didnt !
3.7 there is good link on needafriends blog re car valuations
3.9 wouldnt of thought so as it on an occaisional basis . think it relates more to company cars that you have permanent use of for pleasure / business
section4 - yes personal loans / credit cards go there but make sure you put them in the unsecured section and not secured section . as for your student loan i dont know and same for the bike - sorry . as for the date we just put down approx date and wrote approx after it . we just put down consolidation and general living costs
section 5 - dont know re cut up cards but yes all bank accounts should be listed - o/d or not
section 6 - i would think you fill in the bit about if you are unemployed , when did you last work , what was your job and who was your employer
section 7 & 8 sorry dont know re your situation
section 9 does just relate to houses
section 11 - think its just a personal thing . dont think it matters to be exact as the OR will determine when you were struggling
Dont know if i have helped and while i am typing this other members have probably posted as well ,
Good luck ,
Andy
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Edited by - digman on 06 October 2008 14:22:55 |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 06 October 2008 : 17:33:11
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Hi!
Thank you very much Digman for your reply - that's pretty much what I thought on most of them I just wanted to doublecheck!
BankruptC - sorry I didn't read your other reply - under what is it titled?
Cheers! |
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