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jb6
Starting Member
25 Posts |
 Posted - 06 October 2009 : 22:36:56
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Can anybody help and put my mind at rest. I have now filed for my Bankruptcy and have a date of 10th November. I have 67000 of debt that I can no longer repay as wife would is set employed has lost 80% of her income over the last 12 month. leaving me to pay all our household expenses solely. The 67k debt is in my name and has been run up over the last 10 years. One thing that is paying on my mind to the extent that I can not eat sleep or function normally as I am racked with worry.
What does the OR class as rash or hazardous behaviour out of the £67000 - £1000 is on Internet Gambling - I have been told by one debt company I could face a custodial sentence?
Can you anyone advise before I go and see the Judge
Thank you
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Dave Perkins
Starting Member
United Kingdom
7 Posts |
Posted - 06 October 2009 : 22:58:51
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Hi,
You have taken a brave step by addressing your debt issues and filing for your bankruptcy. Hopefully once you get past the 10th of November, the lack of eating / sleeping scenario will ease. It would be interesting to know which Debt Company told you that you could face a custodial sentance? On what grounds I wonder? Had you deliberately defrauded a company in the knowledge that you could not pay them back is one thing, but I wouldn't think running up £1000 on internet gambling matches that. Have you taken legal advice? At worst, the OR may make you pay into an order for 12 months, but that would all depend on whether you have sufficient disposable income to allow a payment.
Don't let debt overwhelm you. Be brave and take control - you only have one life. |
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jb6
Starting Member
25 Posts |
Posted - 06 October 2009 : 23:22:39
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No I have not defraud anybody the debts are credit card and loans that have be taken out when all was going well and we where making our payments. This was a call out of the blue from a debt mamangment company - I assume it was a cold call but I do not know where there got my details from?
Told me I should sent up a DMP.
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Jane.l
Average Member
511 Posts |
Posted - 07 October 2009 : 10:31:59
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An Income Payments Order, whereby you pay a % of your disposable income (after all bills are paid) lasts for 36 months NOT 12 months in bankruptcy
The worst you could get for gambling is a Bankruptcy Restrictions Order which just means that you are under the restrictions of bankruptcy for longer, ie: cannot be a director of a company, etc, but for that amount of gambling, I would not think you would get one, but even that is not the end of the world |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 October 2009 : 11:24:48
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Ignore the phone call, it will be from a company who will want money to 'help' you sort your finances out. You are on the way to doing that yourself.
The threat of prison will be a scare tactic. I don't know of anyone on here who has had gambling debts, and there have been some, having any problems at all.
The glimmer gets brighter all the time
Jan
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 07 October 2009 : 16:47:26
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As others have said, try to ignore the phone calls although I know this isn't easy and your stress levels will increase every time the phone rings.
You may end up with a BRO due to the gambling but all this will do is increase the period that the BR restrictions apply although you will still be discharged after 12 months. |
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Can anybody help and put my mind at rest.
