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Pieh0
Junior Member
United Kingdom
170 Posts |
 Posted - 15 October 2007 : 21:43:21
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Hi all,
New to the forums.
Just been reading some of the posts and its nice to see a site that doesnt have the typical internet troll's for once :).
Just about to start bankruptcy and needing some info about it, But first i'll let you in on whats happening.
Things started getting bad at the start of august when i had just returned from 3 month on the sick for work related stress.
Long story short, my company wanted 3 people to do 6 people's job and after talking to them about the problems i was having, i had my nuts ripped off for "not dealing with it" and then i had a minor nervous breakdown. After the comforting words from my sudo-manager which were "oh grow up, your a man for christs sake", i ended up loosing it even more and got signed off for 3 month.
On my return, i was told that the job has got wayyy harder and more stressfull, and that i wouldnt be able to cope. They also mentioned (reading between the lines), i was told that if i came back, they would start disciplinarys against me for lack of performance, even though i was over performing before my previous manager left.
So skip to today, after having to move to a lower paid job (about £5k pa), i am having mega problems paying my bills. Also my company seems incapable of sorting out my pay, so for 3 months, i have been massivly underpaid on random dates. So i contacted my lenders to see if we could come to an agreement, but considering that i was made redundant in september 05, which they also screwed my pay up, my lenders were less that happy to go through the same process again.
So now i am basically passed the point of no return. I have filled in the papers, just need to go through some bits to get it as accurate as possible and that will be that.
Here are the questions though...
1, When mentioning my debt's, i assume i need to put EVERYTHING in there? Like rent, council tax, gas and electric and so on. Not just loans?
2, Once i sign all the papers and get it stamped from the court, as of that point, can no creditor contact me or demand money from me or do i need to wait for the meeting with the OR?
3, What are the chances of having a payment order put against me, either one i have agreed to or a forced one if i pay about £600 on rent and car tax and such? I get about £1k after tax (when i get paid correctly that is).
4, With the mini-novel at the start of this post (sorry about that :), Will the OR/Judge be understanding about this? With the mistakes work has made with my pay at the moment, its getting me even more stressed about everything. Dont think i could handle another "grop up" remark with me hurting someone :).
5, At the moment, my bank has taken their payment for the loan out of my account before i had chance to take my pay out. I have forwarded this to my mum, and at the moment, she is paying for essentials from her account (at the mo, my car insurance and mobile bill). We need to pay my rent and council tax and some payments to the gas/leccy man and car tax out of that. Now would this be considered alright by the OR. We have made sure that it is documented that she has paid it and not me. So much so that we have moved the car insurance payments to her account and she gets all the documentation.
Also i have about £6k that i owe my mum from when i was redundant back in 02 for a year, do i need to put this on my bankruptcy as we didnt have any sort of official agreement? I plan to pay this back to her as she lent me the money to help me.
Going to call the court tomorrow to see when i can get a date, thought i could just walk in before reading this site. Glad i did now :).
Many thanks for reading this wall-o-text, Just wanted to make sure you had as much info as possible to help out.
Thanks again,
Pieh0 |
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Johnny Debt
Junior Member
United Kingdom
265 Posts |
Posted - 19 October 2007 : 07:31:02
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1. Yes you need to put all your debts into the pot. However that does not mean that all will be written off. If I recall stuff like council tax will not be written off, nor are parking tickets.
2. Once the papers are stamped at the court you will also receive a bankruptcy number. You can quote this number to creditors who are still calling you. I understand that the Official Receiver will also inform all your creditors of your BR. This however does take time, as they are snowed under.
3. Payment Order will very much depend on your financial circumstances. So when you complete the income expenditure section, the more left over the more chance of making monthly payments.
4. At the end of the Statement of Affairs there is a section to fill out on how you got into trouble. The more information that you put the better. What the OR is looking for is a link from your situation to how the debts accumulated over time. Actually also just from looking at your credit card statements, they get a fairly good idea of your habits etc.
5. Just opening a new account would suffice in order to make essential payments.
6. In theory your mother is a creditor, however paying her back and not other creditors would be seen as preferential treatment. Would this also be included in No.4?
7. Some courts offer a drop in session, whilst other have a 4-6 week waiting list.
I WOULD SUGGEST THAT YOU DO NOT RUSH INTO ANYTHING UNTIL YOU ARE SURE THAT ALL YOUR QUERIES HAVE BEEN ANSWERED. |
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