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staceb
Junior Member
United Kingdom
175 Posts |
 Posted - 07 January 2009 : 21:14:23
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hi all i came on here a few months ago for advice,i didnt have the money at that time to go BR,but in 2weeks time i will have enough.
for months i have buried my head TOTALLY in the sand,ignoring letters and knocks at the door,now its out the sand and i'm crappin myself!! i dont know where to start on going BR!!
i know i got to do it but i want to bury my head again!
can anyone give me a little advice on where to begin?!
thanks
staceb |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 07 January 2009 : 21:20:02
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Hi Stace
Well the first part you have done you found us :-)
You will need to call your local court and find out if you have to make an appt or can you just turn up.
For your local court check this out:
http://www.hmcourts-service.gov.uk/HMCSCourtFinder/
Then you need to fill in the forms which are available from:
https://www.insolvencydirect.gov.uk/isolv/
You need to make sure you have the correct fee ready for the day in cash which is £495 unless you can get help which would mean a reduction of £150 but ask the court when you call as certain benefits and low incomes may entitle you.
Any questions your unsure of post on here and we will help you.
Do you have any assets that need protecting.
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! |
Edited by - Needafriend on 07 January 2009 21:21:05 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 07 January 2009 : 21:21:43
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Oh and dont be scared. It will be ok you know.
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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staceb
Junior Member
United Kingdom
175 Posts |
Posted - 07 January 2009 : 21:33:08
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hi needafriend
thanks for that.was wonderin how long a bankruptcy may take?? i'm maybe moving end of feb,not sure if ill be better off or worse off,either way do you think this will effect me goin BR??
i dont have any assets at all so on that score i know ill loose nothin.
i'm just frightened to death of the OR haha!! x |
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soooo scared
Starting Member
United Kingdom
19 Posts |
Posted - 07 January 2009 : 22:25:29
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Hi Staceb
Your not on your own I think we are all scared to death of the OR, I know i'm going to get a BRO and I'm shaking as I write(really)
I know exactly how you feel about wanting to bury your head again, that's what i want to do but we must be strong and do what we know we have to. The help and support that there is on this site will help us through and remember you are not alone. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 January 2009 : 07:28:22
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Stace
The BR will last a year and then your discharged. Some people are being discharged early. As for the proceedings you may have a couple of hours att the court, then an interview which could be say 1-2 hours depending on the case. This will take place after the hearing could be a few days later or a couple of weeks again dependent on the office.
I would not worry though, even with these BRU's they are just slapped wrists and at the end of the day who wants more credit anyhow.
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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staceb
Junior Member
United Kingdom
175 Posts |
Posted - 08 January 2009 : 18:29:05
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hi thanks for the replies,
this might sound like a silly question but what does BRO's and BRU's stand for???? |
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staceb
Junior Member
United Kingdom
175 Posts |
Posted - 08 January 2009 : 18:44:59
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also does anyone know the allowed expenses amounts for a single person who works full time?? this would really help
thanks x |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 January 2009 : 18:50:11
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Stace
Have a look in my blog i have a link for the expenses allowed.
The BRU is a bankruptcy restriction undertaking a BRO is bankruptcy restriction order.
These basically are slapped wrists given by the OR.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
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/
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leakie
Junior Member
United Kingdom
158 Posts |
Posted - 08 January 2009 : 20:31:05
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Hi Stace b
Don't be scared, it's not as bad as you think,
I have just gone Br on Tuesday just gone, The Judge was very good, I have just recieved my letter to contact the OR, I was scared untill I found this forum, but the support I have recieved has made me positive, for the future, I know it will be hard for a while, but at least you will find it hard with a debt free future, most people will be struggling with there debts through this credit crunch, at least we will have a fighting chance,and will probaly come out of it stronger people,
all the best
Leakie |
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staceb
Junior Member
United Kingdom
175 Posts |
Posted - 13 January 2009 : 11:03:32
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thanks for the replies!
ill be contacting the court very soon to sort it out,i have just been made homeless so have that to deal with first! ohh the joys!!
ill keep you updated on my bankruptcy x |
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MrandMrs
New Member
United Kingdom
99 Posts |
Posted - 13 January 2009 : 12:03:49
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Stace - have you taken advice? You really need someone to speak to before making such a decision. And you also meed to ensure you have everything in order prior to actually going BR. It isn't a decision to be taken lightly and without being fully informed.
Call the helpline, CCCS, Citizens advice bureau or similar. Just so you know what is best for you, what will happen and hows to fill the forms in if BR is the best option.
I know there is a new scheme coming in about April time specifically for people on low income who have debts of less than £15000. This may be a better option for you.
The last thing you want to do is rush into a decision - take your time and get advice.
Good luck
Di
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working towards the first day of the rest of our lives |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 13 January 2009 : 13:42:06
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Oh Stace
I am so sorry to hear about your home situation. I do hope that things get sorted out for you this is the last thing you need.
Do take care and when you want to just keep on posting.
LOL
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
23 Weeks down
29 to go
For more info on how i have come through bankruptcy and for links to help with filling out the forms, I&E, Car Valuations, etc, etc, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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scared now!!!
