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JAH
Junior Member
United Kingdom
213 Posts |
 Posted - 26 August 2008 : 11:41:57
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I posted on here last week regarding my position and, as we are about to start completing the forms this evening, would be grateful for some advice.
Firstly, what did everyone tell their creditors whilst they were "waiting" to go BR. I have received conflicting advice from the CCCS who advised not to mention that we were thinking of doing this as they will keep hounding us for token payments but would be interested to know what other people on here advised their creditors and how it was received. I received advice from CG last week who had advised her creditors and their responses had mainly been positive.
Secondly, if we do advise them of our intention to go BR, can they do anything. I have read about charging orders but are not sure what they are and if they relate to this.
And finally, we have no equity in our house and, for my daughter's sake, would like to stay in it as a relative would buy the BI from the OR. As we have a mortgage and secured loan on it, is there a possibility that the OR could force us to sell even if it is in negative equity.
I hope these don't sound like stupid questions so please forgive me!
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sueann
Junior Member
United Kingdom
300 Posts |
Posted - 26 August 2008 : 11:54:37
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| Once I had booked my BR with the court I wrote to all my creditors informing them I was going bankrupt on 5th Aug at Milton Keynes Court. Some just left me alone and never got in touch with me again, some others ignored me and applied straight away for CCJ's (I had stopped payments for a couple of months to save BR fee) and some just kept bugging me non-stop. As for token payments when I was asked I just mentioned to them that they damn well know I can not make a token payment to one creditor and not to the rest whilist going through Bankruptcy as this showed preferential treatment and they stopped asking and just put my account with solicitors/debt collection agencies. But informing them gave me some relief peace of mind I had told them all and less creditors bugged me. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 26 August 2008 : 11:57:22
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Hi there,
Well I am a worrier and at the time I did not want to chance things so I did not tell my creditors anything other than please could they give me a bit of time about 2 months so that I could seek advice on the matters that we had.
They kept hounding me but I still did not tell them.
I did not want to encourage any extra worries like them trying to get a court order or something.
I was worried that we may not get the BR but I am glad we did and worried about it for nothing.
Some on here do say to them some dont its up to you. Do you have your date did you say?
If you do then its up to you, how far is your date now. If you have your date and its not far away then you could tell them and maybe they will leave you alone till then, but you will still get the letters and calls as these places have so many different depts and no one seems to know what the other is doing. If you know what I mean.
Hope I helped.
JO
"There is light at the end of the tunnel, if you cant find it, get a brighter torch!"
You can read my blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/2008/08/24/my-debt-free-future/ |
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BankruptC
Senior Member
1030 Posts |
Posted - 26 August 2008 : 13:02:32
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Hi JAH,
I can only tell you our experience with regards to telling creditors or not. We chose to tell them our intentions to go BR from the day we made our decision and I have to say I feel it was the right decision for us. Most of them told us they would put the calls on hold for a few weeks or a month and some were even sympathetic! Only one or two said they would have to keep calling until we could give them our BR reference number. I told them this was fair enough, but that it may waste everyone's time as I would tell them the same thing over and over again! The calls did keep coming from time to time, but I feel the fact they had been told made it easier to deal with. We just said it should be in their notes we were going BR and they tended to apologise for calling and end the call quite quickly! We may have been lucky with our creditors, but this was our experience.
All the best.
CG. x
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Trolly-Dolly
Average Member
591 Posts |
Posted - 26 August 2008 : 17:25:44
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Well I have been a complete coward!
Never answer the phone, dont reply to letters and have no intention of telling them til the deed is done!
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 27 August 2008 : 13:20:41
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Hi all,
If you intend to go BR very quickly, then telling your creditors is not a bad idea. However, if you need some time (for example, to save the court fee), then the best thing to do is say nothing!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Advice re creditors please
