Tweet
Hi, i moved my welome message here as it is mostly about bankruptcy that i have queries on.
I would like to know what i might expect if i go bankrupt and how can i get help with bankruptcy fees. Please see below for some outling info.
Many thanks
Innertemple
P.S. also i get totally confused as to whether some of my debts are even enforceable. Some of my creditors certainly havent been in touch for a while after asking for a CCA. But some, for example, Freemans, continue to hound me, despite me asking for a full list of transactions as i did not agree with the amount owed. They simply ignore my requests and threaten me with court action and visits.
Hi,
Im new to the forum.
I was made redundant last year and am unemployed. My boss went insolvent and i was left with various debts which i was already having trouble repaying after my job role changed resulting in me effectively earning a lot less than i was previously, despite getting a long over due pay rise. I basically went into debt when i was earning only 16K and having to travel to London from the South East. It started when i took the job (10yrs ago) on the condition that my annual train fare was paid by the company. After paying for the ticket with a company cheque, i was informed that they were not willing to cover it.
I should have called it a day there and then, but i didnt.
I ended up not recieving any travel or expenses disbursements(which supplemented my travel which was not fully covered by expenses due to my location etc) as these were given back to the company directly.
I ended up having to borrow money often to manage my bills and living expenses, resulting in taking a loan to help with this and the cost of replacing our car so my partner could get around with our new baby boy. I was promised pay rises, which once received were just token gestures.
I often had to spend money on food whilst out at work travelling around the country, although mostly london, i had to travel as far as plymouth, Essex or birmingham on occasion. And as these would be claimed back on expenses would go straight to the ticket money i owed.
As a result, the following years saw me borrowing to afford to get to work.
I ran up approximately 1000-1500 of debt per year. My train fares cost between 2500 - 3500 each year alone and i was still only earning 18K 5 years into the job.
At various times my wages would be partly paid or paid late due to my bosses new buiseness struggling which would again mean i ended up with many bank fees for missed or failed payments.
In the last 10 yrs i took out 2 loans, which were both paid off in full, but i still gathered debt between 1000-1500 each yr as i said earlier.
I was made redundant in 2007 for the first time and received some redundancy. All the redundancy i was paid was used to pay off monthly payments on credit card bills etc. Fortunately i was offered my post back 6 months later. At that time all my savings were gone.
I insisted i be given a pay rise on returning (i had some sway as another guy had left and i alreafy knew the job inside out).
I managed to negotiate 25K.
Unfortunately on returning to work, my debts had steadily grown at the same rate and due to changes in the system in which i worked i was not required to carry out previous activities which supplimented my travel etc. So the pay rise pretty much went on my travel to work as a result of price increases (on everything!) particularly on the trains and travel in the south east (where the operators all seem to thinm we are minted).
In addition to this, as i had to now travel directly to the office early, i had to pay peak every day, which was aapprox £75 per week and i couldnt afford a yearly or onthly due to my card and debt repayments. About a year later, my bosses business was going downhill, due to our dodgy practice manager (who was paid an obscene amount of money, due to the fact she had been sleeping with him fo the last few years) and the bosses own debt due to unpaid national insurance conts and tax.
He eventually was made bankrupt and after being made redundant i found about 3 months temp work before deciding to re-enter my previous career due to the competition for my role being far more qualified than myself.
So, as i said, I am now unemployed, i now have 3 children, no money, approx 18-20K of debt and couldnt afford fees for bankruptcy even if wanted. I wished id had heard of the debt releif order a year or two ago when my debt was less, but the banks and cc companies have pushed my debt up incredibly over the past 2 years with charges.
One bank in particular, Halifax, reduced my overdraft, to a point which it had already exceeded, then charged me for the excess due to it being over the new limit :P.
Before being made redundant I wrote to all my creditors requesting a copy of the original CCA. Not all replied, some that were sent were dubious to say the least and a couple were literally aggressive in their response (Halifax/Royal Bank of Scotland and MBNA(Virgin)).
I sent all of them a couple of letters outlining my situation including my income expenses but most just ignored me. I managed to get a handful to accept reduced payments for 6months, but the ones that would not agree meant i could not balance the budget out at all.
In particular, one that would not freeze interest or charges was Royal Bank of Scotland. They said it wasnt that type of account and it wasnt possible.
I asked them to clarify which type of account it was and they just ignored me, as did a few others.
The Creditors that didnt send me a copy of the CCA or ignored me continued to pursue the debt with relentless telephone calls some as late as 9pm, on my mobile, home phone and also my work line.
I attempted to speak to them on the phone but they were not interested unless i would agree to pay what they suggested, which was completely unrealistic.
I receive dozens of letters, all threatening visits or court action and i have no way of paying so do not respond to them at all anymore.
Does anyone know what i can do or howi can get help with bankruptcy?
For further info:
I live in a rented housing association house, i own nothing of substantial value.
We have a Ford Tourneo which we have had for 7 years. It is probably worth about 900-1000 (a bit knocked about due to 3 kids and two big dogs).
I am the vans registered keeper, although it is really my partners. I dont have a full licence(am in the process of getting one as i need it to get work, whichill then need the van for so i can transport my tools, currently my partner helps me b doing the driving). i was the keeper as i had to be when i was taxing etc everything online so i didnt think it mattered as it is not proof of ownership, just responsibilty to keep it taxed and roadworthy.
I am a part qual'd plumber, have had many years previously in the cinstruction industry and am lookin to get bk into work as soon as possible hopefully.
I have many more details, a lot iof which i have to check my millions of documents for and also have a large problem /dispute with British gas at the moment, due to a previous neighbour and their fraudulent activities with my incorrectly delivered post. (British Gas arent being very helpful, what a surprise). But i will post that some other time after summarising that info from the paperwork.
Please accept my apologies as there is a lot more detail to the above information, but my brain is completely fried with all the stress right now let alone not working and earning.
Any help with the bankruptcy would be helpful or anything else you may think of.
P.S. i am going to Citizens advice this week, but dont hold much hope as they are particularly patronising at my local one and not normally helpful over the phone at all. Most people here live in £1mill properties and cant see that theres anything wrong in the world.
I would like to know what i might expect if i go bankrupt and how can i get help with bankruptcy fees. Please see below for some outling info.
Many thanks
Innertemple
P.S. also i get totally confused as to whether some of my debts are even enforceable. Some of my creditors certainly havent been in touch for a while after asking for a CCA. But some, for example, Freemans, continue to hound me, despite me asking for a full list of transactions as i did not agree with the amount owed. They simply ignore my requests and threaten me with court action and visits.
Hi,
Im new to the forum.
I was made redundant last year and am unemployed. My boss went insolvent and i was left with various debts which i was already having trouble repaying after my job role changed resulting in me effectively earning a lot less than i was previously, despite getting a long over due pay rise. I basically went into debt when i was earning only 16K and having to travel to London from the South East. It started when i took the job (10yrs ago) on the condition that my annual train fare was paid by the company. After paying for the ticket with a company cheque, i was informed that they were not willing to cover it.
I should have called it a day there and then, but i didnt.
I ended up not recieving any travel or expenses disbursements(which supplemented my travel which was not fully covered by expenses due to my location etc) as these were given back to the company directly.
I ended up having to borrow money often to manage my bills and living expenses, resulting in taking a loan to help with this and the cost of replacing our car so my partner could get around with our new baby boy. I was promised pay rises, which once received were just token gestures.
I often had to spend money on food whilst out at work travelling around the country, although mostly london, i had to travel as far as plymouth, Essex or birmingham on occasion. And as these would be claimed back on expenses would go straight to the ticket money i owed.
As a result, the following years saw me borrowing to afford to get to work.
I ran up approximately 1000-1500 of debt per year. My train fares cost between 2500 - 3500 each year alone and i was still only earning 18K 5 years into the job.
At various times my wages would be partly paid or paid late due to my bosses new buiseness struggling which would again mean i ended up with many bank fees for missed or failed payments.
In the last 10 yrs i took out 2 loans, which were both paid off in full, but i still gathered debt between 1000-1500 each yr as i said earlier.
I was made redundant in 2007 for the first time and received some redundancy. All the redundancy i was paid was used to pay off monthly payments on credit card bills etc. Fortunately i was offered my post back 6 months later. At that time all my savings were gone.
I insisted i be given a pay rise on returning (i had some sway as another guy had left and i alreafy knew the job inside out).
I managed to negotiate 25K.
Unfortunately on returning to work, my debts had steadily grown at the same rate and due to changes in the system in which i worked i was not required to carry out previous activities which supplimented my travel etc. So the pay rise pretty much went on my travel to work as a result of price increases (on everything!) particularly on the trains and travel in the south east (where the operators all seem to thinm we are minted).
In addition to this, as i had to now travel directly to the office early, i had to pay peak every day, which was aapprox £75 per week and i couldnt afford a yearly or onthly due to my card and debt repayments. About a year later, my bosses business was going downhill, due to our dodgy practice manager (who was paid an obscene amount of money, due to the fact she had been sleeping with him fo the last few years) and the bosses own debt due to unpaid national insurance conts and tax.
He eventually was made bankrupt and after being made redundant i found about 3 months temp work before deciding to re-enter my previous career due to the competition for my role being far more qualified than myself.
So, as i said, I am now unemployed, i now have 3 children, no money, approx 18-20K of debt and couldnt afford fees for bankruptcy even if wanted. I wished id had heard of the debt releif order a year or two ago when my debt was less, but the banks and cc companies have pushed my debt up incredibly over the past 2 years with charges.
One bank in particular, Halifax, reduced my overdraft, to a point which it had already exceeded, then charged me for the excess due to it being over the new limit :P.
Before being made redundant I wrote to all my creditors requesting a copy of the original CCA. Not all replied, some that were sent were dubious to say the least and a couple were literally aggressive in their response (Halifax/Royal Bank of Scotland and MBNA(Virgin)).
I sent all of them a couple of letters outlining my situation including my income expenses but most just ignored me. I managed to get a handful to accept reduced payments for 6months, but the ones that would not agree meant i could not balance the budget out at all.
In particular, one that would not freeze interest or charges was Royal Bank of Scotland. They said it wasnt that type of account and it wasnt possible.
I asked them to clarify which type of account it was and they just ignored me, as did a few others.
The Creditors that didnt send me a copy of the CCA or ignored me continued to pursue the debt with relentless telephone calls some as late as 9pm, on my mobile, home phone and also my work line.
I attempted to speak to them on the phone but they were not interested unless i would agree to pay what they suggested, which was completely unrealistic.
I receive dozens of letters, all threatening visits or court action and i have no way of paying so do not respond to them at all anymore.
Does anyone know what i can do or howi can get help with bankruptcy?
For further info:
I live in a rented housing association house, i own nothing of substantial value.
We have a Ford Tourneo which we have had for 7 years. It is probably worth about 900-1000 (a bit knocked about due to 3 kids and two big dogs).
I am the vans registered keeper, although it is really my partners. I dont have a full licence(am in the process of getting one as i need it to get work, whichill then need the van for so i can transport my tools, currently my partner helps me b doing the driving). i was the keeper as i had to be when i was taxing etc everything online so i didnt think it mattered as it is not proof of ownership, just responsibilty to keep it taxed and roadworthy.
I am a part qual'd plumber, have had many years previously in the cinstruction industry and am lookin to get bk into work as soon as possible hopefully.
I have many more details, a lot iof which i have to check my millions of documents for and also have a large problem /dispute with British gas at the moment, due to a previous neighbour and their fraudulent activities with my incorrectly delivered post. (British Gas arent being very helpful, what a surprise). But i will post that some other time after summarising that info from the paperwork.
Please accept my apologies as there is a lot more detail to the above information, but my brain is completely fried with all the stress right now let alone not working and earning.
Any help with the bankruptcy would be helpful or anything else you may think of.
P.S. i am going to Citizens advice this week, but dont hold much hope as they are particularly patronising at my local one and not normally helpful over the phone at all. Most people here live in £1mill properties and cant see that theres anything wrong in the world.
Comment