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troubled mind
Starting Member
United Kingdom
11 Posts |
 Posted - 06 November 2009 : 23:56:11
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Hi Amyc Paul is helping us with ours, speak to him again and ask about fees. I am sure he will explain it all to you.
Tina |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 07 November 2009 : 00:00:15
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Hi Amy
I am sure that you won't get an income payment agreement, and bailiffs are several months away leaving you quite a lot of time to prepare.
I have sent you an email and am on my mobile over the weekend.
Paul
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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amyc
Junior Member
113 Posts |
Posted - 08 November 2009 : 21:30:00
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| Hi troubled mind. If you dont mind me asking are you using any credit to fund your bankruptcy fees or to pay the professionals that are helping you along the way x |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 08 November 2009 : 21:53:22
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Amy, you should not be using any credit to fund your bankruptcy or to pay any professionals to help you.
This is likely to result in you receiving a BRO, which will mean that bankruptcy will last longer.
You can deal with this yourself - I believe Mel G has offered to help you fill the forms in next week. Take her up on that offer.
You will then only have to pay the court fees rather than a firm. You seem to be struggling to find the money for that - how will you fund paying a company to help you?
The glimmer gets brighter all the time
Jan
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madwithworry
Starting Member
United Kingdom
19 Posts |
Posted - 09 November 2009 : 14:34:36
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| sorry to hi-jack the topic, but what would be the outcome if someone was advised by a debt management company to pay their fees for financial advise,arranging an IVA which failed , IP fees then ultimately sorting out a bankruptcy by using credit to pay them. If the OR was to pick up on this what would happen? katie |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 09 November 2009 : 15:51:27
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If you use credit to sort out BR, then the OR would pick up on it and you would very likely get a BRU.
Once you realise that you are insolvent, you should not use any further credit.
The glimmer gets brighter all the time
Jan
xx |
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amyc
Junior Member
113 Posts |
Posted - 09 November 2009 : 22:09:26
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| The only reason I asked was because a friend told me it was ok to use credit to pay professionals to help with bankruptcy. Unfortunately I cant get to computer because its broken. Using phone to post and its not easy. Get lots of good advice but it all seems to be different. We dont intend to use credit to pay for bankruptccy but using a little un survive on until bankruptcy is finalised. Getting bit worried. I dont think I can take mel up on her offer as I cant get anytime off work. I cant thank her enough though for offering. Thank you all might take few days until I post again x x |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 10 November 2009 : 10:17:39
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You shouldn't use credit at all once you are insolvent, but especially not to pay professionals to help you to do something you can do yourself for free.
Although you won't be able to meet up with Mel,which is a pity, you can get the forms and ask questions on here and the IVA site and we can help you will them in.
The glimmer gets brighter all the time
Jan
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amyc
Junior Member
113 Posts |
Posted - 10 November 2009 : 20:22:30
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| Thank you jan. I appreciate your help as always. We are going to try and do it ourselves. Have been assured by am expert that using over draft by 200 to survive until we go bankrupt wont be a massive problem. We have the forms. Can anyone tell me do we both need 2 copies each. Was going to photo copy them. Will that be ok? Hoping to book into court for end of february. Hoping creditors wont call. Can anyone tell me we had a 1 month payment break a while ago. Does that count as 1 of the 3 missed payments. X |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 10 November 2009 : 22:52:42
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I'm not sure if the payment break would count towards the missed payments, you would need to check with your IP.
Give the court a call and check how many copies of the forms you need as not all courts are the same. I didn't have enough and it cost me a fortune for the court to photocopy it for me - I wasn't going away without going BR though!
Photocopying the forms will be fine - I did mine online and printed one copy and then copied them.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
28 IPA payments made, 8 to go - in single figures! |
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using credit for fees
