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baxi
New Member
United Kingdom
66 Posts |
 Posted - 04 January 2009 : 21:03:59
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I'm very worried my debt is not large enough to go bankrupt, especially looking at some of the amounts posted on here.
Both my wife and i would go bankrupt, are income and expenditure are;
My income; £1055
My Wife; £820-900
Expenditure (joint)(monthly)
Mortgage - £405 (owe 91-94k)
Homeowner loan - £260 (owe 29-30k)
Personal loan - £150 (owe - 7.5-8k)
Credit card(not sure if in joint names) - min £120 (balance £5700)
Home insurance - £28
Water - £28
Council tax - 12 x £80
Gas/Electric - £90
Tv licence - £12
Sky - £37
Home phone - £30
Broadband - £17
Life Insurance - £16
My personal expenditure (monthly)
Gym (can't cancel) - £12
Car insurance - £30
Meals at work - £40
Personal loan - £58 - (owe 2k)
Overdraft charges/interest - £20(owe 2 x 1.8k overdrafts)
Petrol - £80
Mobile phone - £55
My wife's expenditure (monthly)
Overdraft charges/interest - £5 (owe £500)
Car insurance - £48
Gym - £12 (can't cancel)
Mobile Phone - £45
Then on top of this we have food, toiletries, hair cuts, going out, car tax, car maintainence etc. I'd like to know what is allowed for these and if anyone can add them to my figures and let me know if they think we will both be able to go bankrupt.
Thank you. |
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Trolly-Dolly
Average Member
591 Posts |
Posted - 04 January 2009 : 22:43:32
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Hi,
My husband and I (now ex) went BR for £12k each. Not alot to some people but for us, it has given us our life back.
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 January 2009 : 08:37:12
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Hi Baxi
As long as your insolvent (Not enough money to pay the creditors) then there should be no reason why the court/judge wont grant you your bankruptcy.
I too had that thought right up until the actual day, but it all went nice and smoothly and it has been 5 months now.
Best of luck
Jo
x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring! |
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| bankruptcyhelp.org.uk Forum |
© bankruptcyhelp |
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Will i/we be refused bankruptcy?
