Hi All - Almost there 73% complete - I'd have done more if the damn site didn't keep crashing! (Maybe its overloaded with people going BR?)
1) House repossesion - I include the mortgage debt in my list of seccured creditors - I assume the shortfall (amount not known) goes under the unseccured section - do I put a value if so how?
2) Where do I list the repossesion - Property Disposed? We did hand it back?
3) Are you involved in any legal proceeding - do we state the repossesion in this section?
4) Business debt - non securred - do I list this - it is not personal debt but our business overdraft
5)Outgoings - up until now I paid the rent (on the house we now live in) along with most of our other bills with what little cash we had left - now my wife has got a job and will take this role over. I'm now on JSA whilst I set up my new "Sole Trader" business from which as yet I've no income - so should I list all outgoings via my wife (who is also going BR) rather than calculating a 50/50 split
6) Detailed I&E - do you create this post BR with your OR?
Sorry - I know some of these questions must have been asked time and time again...
Cheers
Tim
What doesn't kill you makes you stronger (I hope ;-)
I will deal woth this in the point format you have raised the queries if thats ok:
1.list mortgage in section 4 secured creditors then list again for £1 on unsecured page 2. just note on the secured creditor page 3. no this is for any 'other legal' matters ongoing 4. list this on the unsecured creditos page 5. you have the option to do this 1 of 2 ways either list your income and your wifes and put down all outgoings as they are paid and comment in the bottom box - your income is JSA your wife meets majority of expenditure - or do a split 50/50 completely up to you 6. complete section 7 - outgoings with the expenditure as it is per month. The OR may go through things in more detail following your 'interview' with them
Hope this is helpful if not get back to me
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
We've been putting these off for ages - and when the paper versions arrived we cringed even more!
Doing them online has only taken half a day and even then I did it bit by bit - and its not that bad - even when the creditors are as complicated as mine.
Ta
What doesn't kill you makes you stronger (I hope ;-)
which is why i always recommend getting the forms from the local court and filling them in by hand - i find the online forms a slow and tedious process particularly when the system plays up!
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
SOA a few more questions...
Posted - 20 March 2009 : 16:37:51
