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Lizzie
New Member
United Kingdom
59 Posts |
 Posted - 14 February 2009 : 23:00:13
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We had a meeting today with a lovely lady at the CAB, we only contacted them 2 weeks ago and gave them all the info they wanted a week ago, so they were really quick to give us appointment and on a Saturday. The lady we had the meeting with was wonderful, really understanding and kind she has advised us not to go for BR yet until we know exactly how my hubby stands with his job. In the meantime she is going to write to all his creditors and mine (even though mine are not an issue at the moment) she did point out that if hubby did end up going bankrupt it would be a good idea for my creditors to be contacted now given that she has our combined I&E. Also this way she can play for time as by the time she sets all this up hubby should know about his job and she doesn't want him to rush into BR if his job is safe. She has also suggested that if hubby loses his job and being so close to retirement it would be better for him to go BR and not both of us, as my job is safe for however long I want it and if the house has no equity we should be able to hold on it, I take it that if only one partner goes BR the other partner can buy back the BI but if both go BR neither can buy buy back the BI, is that correct? as I never thought to ask that question. All in all she was very helpful certainly not judgemental, she even gave us her email address and direct line telephone number and said anytime we thought of any questions we could ring, email or just pop in and see her. I personally think we might have found a gem, someone that actually cares, very much like this site which has people who care. She realised I had spent a lot of time looking into everything concerning BR, its not a step to take lightly and the more info you have the better. This site has been invaluable to me in that I know the questions to ask now.
The only thing we forgot to ask was whether we should still pay our creditors till she contacts and receives answers from them, I would prefer to keep paying mine, as I am not behind on any payments even though I have written to all of them to let them know that I am having financial difficulities (they have written back to tell me to contact Payplan or CCCS). |
Edited by - Lizzie on 14 February 2009 23:20:50 |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 14 February 2009 : 23:19:28
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Hi
well done, sounds like you had a good appointment which is great!
If you are to continue paying your creditors the full amount then I would suggest you don't stop your payments.
Your husband on the other hand is going to be missing his anyway so you might struggle to meet these commitments anyway.
Regarding the BI - if you were to both go Br then a friend or family member could buy your BI.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com
Real People ..... Real Debt Solutions
www.revivauk.com |
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Lizzie
New Member
United Kingdom
59 Posts |
Posted - 14 February 2009 : 23:34:16
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Thanks Paul, my payments are up to date but becoming a struggle as I also pay all the mortgage and household bills apart from the food shopping which hubby pays for. He has kept up to date with what he considers 'important' creditors but others he has a problem with, being a couple of payments behind.
One think I need to ask is that my mother who died 18mths ago left me a small inheritance which I invested in two ISA's one in my hubby's name and the other in mine which mature on a fixed rate interest in April, I am wondering if I should cash in the one in my hubby's name now even though we would lose the fix rate interest rate but the money is really mine but if hubby went BR how would I explain that the money was left to me? Also out of this inheritance I bought myself a reliable car it cost 7k but now only valued at 3.5k due to this recession, its in my name only and I need a reliable car to get to work, I work 10 miles away at the hospital and work shift work and public transport is hopeless in this rural area on the coast. I also can do overtime which can make a difference of £200 to £300 a month, if he was made BR how would that effect his BR......as at the end of the end of the day we are in this together, no blame on either side, it was lack of communication, something others might do well to consider, we both know we should have been more involve in each others finances but we have always had separate finances with just the mortgage and one loan in joint names.....still hindsight is a wonder thing....we got in this together and we will get out of it together...certainly not going to chuck away 25yrs of a happy marriage  |
Edited by - Lizzie on 14 February 2009 23:44:28 |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 15 February 2009 : 10:04:57
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Hi
You obviously have a lot going on.
Remember that you have LOTS OF TIME, so I would suggest trying to get the interest in April as every little helps.
Just because someone says you should ( or your husband ) go bankrupt doesn't mean that you should camp on the court steps for an appointment.
See what the overall plan is by the CAB and then carefully review the options - even with a call to the helpline or another expert on the site for a second opinion.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com
Real People ..... Real Debt Solutions
www.revivauk.com |
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Meeting with CAB
