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cpharo
New Member
United Kingdom
58 Posts |
 Posted - 21 July 2009 : 19:54:56
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| I want to apply for bankruptcy, but I only have £100 amonth to save up for the costs to apply for bankruptcy, which means I do not have any money spare to pay my crditors while I am saving up. What can I say to my creditors to try to stop them taking me to court while I am saving up? |
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adelebw
Starting Member
United Kingdom
39 Posts |
Posted - 21 July 2009 : 19:59:07
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Hello,
I am in the same position. What I have decided to do is cancel my direct debits for 2 loans and not pay my credit cards or any other debt and use that money. I am not an underhanded / devious person but its the only way. Hope this helps |
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debtinfo
forum expert
2826 Posts |
Posted - 21 July 2009 : 20:32:16
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| It takes several months for your creditors to take court action. initially this is just prove legaly that you owe the debt |
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Jay76
Starting Member
United Kingdom
6 Posts |
Posted - 21 July 2009 : 22:46:49
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| We went bankrupt on friday 17th july but stopped paying our creditor in January, we got the first letter about being taken to court today, 7 months later! |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 22 July 2009 : 08:07:31
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The best thing to do is book your bankruptcy hearing date (either by contacting the court for the next available date - or if they are operating a 'drop in' service, decide on what date you are going to go to the court for your hearing, and then inform any creditors who contact you that you have a bankruptcy hearing on..... at...County Court. This will usually result in the creditor updating their records and completely 'backing off'
Just telling the creditors will have not a lot of affect as many do this as a delaying tactic - you have to provide an actual date and court
The stop paying all your creditors - you are not expected to pay your crediotrs and the bankruptcy fee in any given period - but make sure you treat all creditors the same - pay all creditors - or dont't pay any - under ;preference' you must be seen to treat ALL creditors the same
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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cpharo
New Member
United Kingdom
58 Posts |
Posted - 22 July 2009 : 10:23:45
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[quote]Originally posted by Melanie.n
The best thing to do is book your bankruptcy hearing date (either by contacting the court for the next available date - or if they are operating a 'drop in' service, decide on what date you are going to go to the court for your hearing, and then inform any creditors who contact you that you have a bankruptcy hearing on..... at...County Court. This will usually result in the creditor updating their records and completely 'backing off'
Just telling the creditors will have not a lot of affect as many do this as a delaying tactic - you have to provide an actual date and court
The stop paying all your creditors - you are not expected to pay your crediotrs and the bankruptcy fee in any given period - but make sure you treat all creditors the same - pay all creditors - or dont't pay any - under ;preference' you must be seen to treat ALL creditors the same
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
Thank you for your help, I am only paying my crediotrs £1.00 a month at the moment as this is all I have, and the CCCS and Pay plan advised me to do this. I will not be able to save up the £100.00 a month to go bankrupt until September when my daughter goes to school as I will not be paying such high nursey fees and will be able to save the money then. I am really worried that the creditors are going to take me to court while I am saving up the money and try to obtain a detachment od earnings order on me, as this would put me in more fianacial difficulty. Some of mr creditors have accepted the £1.00 a month token payment for 6 months but I still have 6 creditors that are saying they wont accept it, I still end it to them anyway. Have you got any advice for me?
cpharo |
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adelebw
Starting Member
United Kingdom
39 Posts |
Posted - 22 July 2009 : 11:23:45
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Hello,
I was told by wefare rights that some utility companies might pay your BR fees. Contact your local welfare rights service they are part of the council. I found them really helpful. You have to have a good reason for going BR and have not run the debts up un-responsibility. |
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I want to apply for bankruptcy
