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nathankersha
Starting Member
United Kingdom
7 Posts |
 Posted - 23 June 2009 : 15:45:49
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| myself & my wife have a date of 10th sept 09 for county court for b.r. we are new to this & very worried we also have 4 children to keep away from this too. when is best to stop paying our debts to save for the fee's & also the house will have to go as that's the only way we can pay for fee's & get deposit for rented house. all very worrying. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 June 2009 : 17:07:52
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Hi,
Stop paying your creditors now so that you can get the fees together. The creditors won't be able to do anything to you at all - after all, what can they do? You will just have to put up with the phone calls and letters I'm afraid.
I would start filling your forms in now as well - you can do them online via this link:
http://www.insolvency.gov.uk/doitonline/doitonlinemenu.htm
Start looking for rental property now so that you can try to have it sorted before you go BR.
The glimmer gets brighter all the time
Jan
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nathankersha
Starting Member
United Kingdom
7 Posts |
Posted - 23 June 2009 : 17:31:52
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| so with regards to the letters etc & we also have a car on hp altough not worth a lot, do we just file the letters or call them? sorry to sound vague! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 June 2009 : 17:43:50
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It is totally up to you whether you call them or not. You may find that if you keep them updated as to what you are doing that they may put the account on hold and not call for a few days.
As regards the car, what is going to happen about the payments?
The glimmer gets brighter all the time
Jan
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nathankersha
Starting Member
United Kingdom
7 Posts |
Posted - 23 June 2009 : 17:47:01
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| thats the other problem. should i keep paying that until the courst date i dont know. as we dont want to lose that. would thet get funny if we carried on paying that one only? we have been advised that we may be able to keep it as its only worth £1500 but valuable as we fill it up with kids. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 June 2009 : 17:59:33
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Hopefully one of the experts will help with that. I really don't know what happens if you have a car on finance when you go bankrupt.
The glimmer gets brighter all the time
Jan
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nathankersha
Starting Member
United Kingdom
7 Posts |
Posted - 23 June 2009 : 19:08:28
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| can anyone answer, if we stopped mortgage payments now i guess it would take a while for us to be evicted??? as sept 10th is a little way away? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 June 2009 : 19:19:17
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It will take them a while to evict you - I believe you have to miss three months payments before they start to take action. Not 100% on that though.
This is why you need to take this time to sort out some rented accommodation.
The glimmer gets brighter all the time
Jan
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emdaz
New Member
71 Posts |
Posted - 23 June 2009 : 23:02:23
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Hi I'm no expert but i was given advice from people off here. firstly check your car is def on hp and is not a car loan (ie car is not attached to debt it is more like an unsecured loan). This is the position we were in.
If this is the case then the hp company cannot take the car.
the or can take the car if it is worth over 2k, if it is not you need a valid reason for keeping it ie work and no other way to get there.
I would def stop paying creditors as it can't get any worse otherwise you wouldn't be going br |
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nathankersha
Starting Member
United Kingdom
7 Posts |
Posted - 24 June 2009 : 00:11:25
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| thanks guys. the more info the better. we have now canclled direct debuts for creditors,mortgage,secured lolan etc & now pooping it. i have reason to beleive that they cantt reposses until 2 months arrears have passed. hopefully by then come 10th sept for court we will be ok. what im not sure about is that if & when we will have to look for rented house, when & if we can move out before we are br. the car is hp. |
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nathankersha
Starting Member
United Kingdom
7 Posts |
Posted - 24 June 2009 : 00:13:41
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| sorry about the spelling, its late & cant sleep. GREAT. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 24 June 2009 : 12:49:43
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You can start looking for rented accommodation now if you are stopping paying your mortgage. You need to have something in place before any repossession and you will probably find it easier to find somewhere now before you go BR.
The glimmer gets brighter all the time
Jan
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advice please
