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 Stopped paying creditors - waiting to go br
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set1077
Starting Member



United Kingdom
34 Posts

Posted - 19 August 2009 :  13:07:36  Show Profile  Reply with Quote
Any ideas / tips?
As per my previous posts I should have between 3-6 months before repossession underway.
I have worked out our I&E (some estimated as we do not know where we will be living)
What if anything shall I do now apart from packing, it's going to be a long three months and I'd rather be as prepared as possible for the br.
I've opened a cashminder account ready.
Does anyone know what the OR's are like in Neath, South Wales with regards to I&E as it seems they differ from place to place.

THANK YOU EVERYONE FOR THE INVALUABLE ADVICE AND SUPPORT YOU OFFER

gettingoutofdebt
forum expert



2418 Posts

Posted - 19 August 2009 :  18:26:18  Show Profile  Reply with Quote
quote:
Originally posted by set1077

Any ideas / tips?
As per my previous posts I should have between 3-6 months before repossession underway.
I have worked out our I&E (some estimated as we do not know where we will be living)
What if anything shall I do now apart from packing, it's going to be a long three months and I'd rather be as prepared as possible for the br.


Find somewhere to rent, save for the BR fees, start getting the paperwork together (i.e. bank statements, loan/CC agreements, etc.), do you have any vehicles that are worth more than £2500? If so you should sell them now, buy one worth less than this amount.

quote:
Originally posted by set1077
Does anyone know what the OR's are like in Neath, South Wales with regards to I&E as it seems they differ from place to place.


Can't help you there but someone else might have some information about the OR's in S Wales.
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 19 August 2009 :  19:06:24  Show Profile  Reply with Quote
You will get correspondence from the creditors, but just tell them what are you doing, and don't let them bully you into making any payments.

The glimmer gets brighter all the time

Jan
xx
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set1077
Starting Member



United Kingdom
34 Posts

Posted - 19 August 2009 :  22:32:10  Show Profile  Reply with Quote
Thanks for that guys.

My CCJ's only amount to £40 / £50 per month so maybe it's easier if I keep paying them, it doesn't seem worth tempting fate with the bailiffs. What do you think?
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qznhln1
New Member



68 Posts

Posted - 19 August 2009 :  23:08:40  Show Profile  Reply with Quote
Depends how confident you feel dealing with them. kallis3 posted this link you might find useful:

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingDebt/DebtsAndArrears/DG_10034289

I personally would prefer the cash in my pocket!

You could always put it to one side (in cash) and only hand it over if you have to.
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