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matty5
New Member
United Kingdom
52 Posts |
 Posted - 22 September 2008 : 17:24:47
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| hello all.i need help.i am in over £23,000 in debt(small compared to some)cant seem to get a job that pays over minimun wage(discracefull)letters comming all the time at £25 a pop,phone calls day in day out,before i got my loans and stuff i had a job that wasnt great but i worked over 55 hours just to get a normal wage,i left to go self employed that was a real mistake on my part coz i lasted a week because i could not afford to travell and then wasnt alowed back to my old job,great.i am 30 years old,living with parents,no assets at all(car,etc..)cant motivate myself anymore,the debts i have arnt that great but they are still making my life a nightmare that i cant seem to get out of.i want to go for bankruptcy and try to get rid of most if not all of my debt.as people will no having big debt on yer shoulders isnt good and is making me feel more depressed each day.is there hope for me??any advice wud help alot thanx. |
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tracy_b
Junior Member
United Kingdom
457 Posts |
Posted - 22 September 2008 : 19:11:00
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Hi Matty,
Welcome. Sorry i'm not experienced enough to help with your questions. BR is a serious event with at least 6 years of virtually no credit facilities available to you and you are young. Hang in there and one of the experts will be alonmg to answer your questions. Dont forget the free helpline number.
Good luck
Tracy X |
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John
New Member
United Kingdom
73 Posts |
Posted - 22 September 2008 : 19:56:12
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Hi matty
if after making your regular contribution to the household you cannot meet minimum payments then it is your legal right to declare yourself bankrupt.
For most Bankruptcy is a dirty word to be avoided at all costs and 2nd only to castration (not you ladies!!). Try and think of it as a positive thing, a law brought in for the likes of your goodself to rid yourself of the misery you are going through.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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matty5
New Member
United Kingdom
52 Posts |
Posted - 22 September 2008 : 21:56:27
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| thanx for the advice so far peeps,does anyone think i have a chance of declaring bankruptcy?not gonna be shellin out £500 for nowt am i and bein more worse off than when i started,shud i see a solicitor?or just get the forms and just fill em in? i realy dont no . |
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John
New Member
United Kingdom
73 Posts |
Posted - 22 September 2008 : 23:43:47
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Hi
as you have no assets to protect your only consideration is the possibility of an IPA. As you earn minimum wage that would seem unlikely although living with parents would mean your expenditure is also low.
You certainly do not need a solicitor, just get the forms and use the forum.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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zamfir
Junior Member
303 Posts |
Posted - 23 September 2008 : 11:58:47
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Hi Matty,
I'm 29 and also living with parents. I went BR last month, and although I'm on £1/hour more than Minimum Wage, I did not have to go into an IPA. The OR said that my figures were "well within acceptable limits" for someone in my position, so if you would like a rough guide of what I had accepted, just holler.
Only thing that's different in my case is my car, but I guess the £1/hour extra I get will cancel that out in your case.
Good luck,
T. |
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matty5
New Member
United Kingdom
52 Posts |
Posted - 23 September 2008 : 15:30:12
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| fanx for they advice.right im gona go for it ,do i just go to my local court(crown,magistrates??)and get forms,fill em all in,take em back with the fee and see what happens.with me not working at the moment will this affect me in anyway??shud i try and get a job before hand,if i can(hope i can) |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 23 September 2008 : 15:33:45
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Hi Matty,
It will be the local county court. I would suggest phoning in advance as not all county courts do BR. Some, you need to book an appointment in advance, and others you just need to turn up on the day. Best to check!
What jobs will you be looking for? BR can effect certain jobs/professions.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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eamonn
Junior Member
320 Posts |
Posted - 24 September 2008 : 00:34:53
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hi matty5
from your post iam not sure if you are claiming benefit but if you are you may be able to get a reduction in the fee |
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what can i do....help me please
