Discussion
I don't know the background and the post is hard to read, but something about this boils my piss. Somewhere in between the husband being seen as a separate entity, all sorts of benefits and third baby on the way...
MoneySavingExpert denizen said:
After much consideration and talking it through with the OH, plus all the advice and questions answered last night on this forum. I have decided to start the wheels in motion to declaring myself bankrupt.
Ok so heres what i know, i have started filling in the forms online and they seem not too complicated but very long.
I know you have to attend court and the judge stamps the forms, then you have an interview with the OR to discuss you income & expenditure.
I know i will have to open a new bank account which i intend to do this week with co-op plus OH is opening a new seperate account also.
So my main questions are: Do i just call the courts tomorrow and say 'i want to declare myself bankrupt' This is what i am unsure of, how to start the ball rolling.
Secondly i do not work, i am on incapacity benefit, recieve Disability living allowance, child benefit, child tax credit and working tax credit. Do i include the total of all these as my income on the form? These all currently get paid into my halifax current account. Now should i have them paid into the co-op account or should i open a post office account. I have read that the co-op account could be frozen and all monies going in not able to be used for some time.
My husband earns a wage of around £1500 a month after tax, how much would they expect him to pay? Or how much should i say he contributes?
I see on the forum people are completing a SOA that looks totally different to the one on the form. The one on the official form has alot lesson options to include expenses for. Do i need to complete both?
Finally one questions that got me stumped was, i askes for details of accounts which i did, then askes for details of credit/visa/debit/cheque cards. For the 2 accounts i hold and listed i have visa electron cards, do i need to list these in the card section, even though they are connected to the accounts?
Plus will the OR contact my landlords? What if anything will/can my landlord do? We are planning to vacate the premise at the end of April anyway when our agreement is up but can they ask us to leave before hand.
I am expecting baby number 3 in May, can i include in the SOA things i will need from May for the baby. Plus i am hoping to get the surestart maternity grant of £500 to buy things for the baby, it has to be paid straight into an account will the OR take this from me?
Sorry for all the questions i have so many i keep thinking of!
Ok so heres what i know, i have started filling in the forms online and they seem not too complicated but very long.
I know you have to attend court and the judge stamps the forms, then you have an interview with the OR to discuss you income & expenditure.
I know i will have to open a new bank account which i intend to do this week with co-op plus OH is opening a new seperate account also.
So my main questions are: Do i just call the courts tomorrow and say 'i want to declare myself bankrupt' This is what i am unsure of, how to start the ball rolling.
Secondly i do not work, i am on incapacity benefit, recieve Disability living allowance, child benefit, child tax credit and working tax credit. Do i include the total of all these as my income on the form? These all currently get paid into my halifax current account. Now should i have them paid into the co-op account or should i open a post office account. I have read that the co-op account could be frozen and all monies going in not able to be used for some time.
My husband earns a wage of around £1500 a month after tax, how much would they expect him to pay? Or how much should i say he contributes?
I see on the forum people are completing a SOA that looks totally different to the one on the form. The one on the official form has alot lesson options to include expenses for. Do i need to complete both?
Finally one questions that got me stumped was, i askes for details of accounts which i did, then askes for details of credit/visa/debit/cheque cards. For the 2 accounts i hold and listed i have visa electron cards, do i need to list these in the card section, even though they are connected to the accounts?
Plus will the OR contact my landlords? What if anything will/can my landlord do? We are planning to vacate the premise at the end of April anyway when our agreement is up but can they ask us to leave before hand.
I am expecting baby number 3 in May, can i include in the SOA things i will need from May for the baby. Plus i am hoping to get the surestart maternity grant of £500 to buy things for the baby, it has to be paid straight into an account will the OR take this from me?
Sorry for all the questions i have so many i keep thinking of!
ktard with no sense of resposibility.....People get into debt for all sorts of reasons, but the childish tone of some of the posts really fvck me off... It's symptomatic of the general "Stuff you, not our problem" attitude of certain elements of the populace. How on earth that woman can disassociate the husband's income is beyond me.
"Barclaycard Boxing Day Calls !
Can you believe it - just had Barclaycard call on boxing day ! Cant wait to be able to give them the 2 fingers in the New Year when I go BR."
"Barclaycard Boxing Day Calls !
Can you believe it - just had Barclaycard call on boxing day ! Cant wait to be able to give them the 2 fingers in the New Year when I go BR."
Whilst there are some nice people on MSE offering some great advice, overall I reckon it has to be one of the 'dumber' forums out there. Read the 'Debt Free Wannabe' section to see what I mean. I appreciate that some people aren't great with finance but....jeez, some of the folks on there are unbelievable!
I know that sounds really pretentious, but I consider Pistonheads to be one of the 'smartest' forums out there; so hopefully you'll forgive me!
Another one...AAARGH, Must not read.
Another MSE muppet said:
Well, that was pretty painless. The worst bit was being told the judge wanted to see me....
Anyway, we went and picked up our holiday tickets to Gran Canaria afterwards and now i'm excited. (Also informed the OR office that I'll be away 7-14 Jan and they said thats fine)
YAY!
Passing on your problems to the sensible section of society... YAY! Anyway, we went and picked up our holiday tickets to Gran Canaria afterwards and now i'm excited. (Also informed the OR office that I'll be away 7-14 Jan and they said thats fine)
YAY!
I have had a look at this board after it was pointed out in thread a while ago and I am shocked, from the girl who wanted to know where she could take out a loan a year after she had been made bankrupt, to the guy who felt he had worked hard for what he had and didn't feel he should have to keep paying his creditors, oh yeah and could he keep his 19K's worth of cars.
I appreciate that for some people bankruptcy is a last resort and a really hard process, but for others it seems like an easy way to wipe out huge amounts of debt with very few repercussions.
I appreciate that for some people bankruptcy is a last resort and a really hard process, but for others it seems like an easy way to wipe out huge amounts of debt with very few repercussions.
Fvck me, it continues. Sorry to keep spamming these up!
Dear all,
My situation is that I am 55k in debt with 5 creditators, 2 big ones at 23k each and three small ones making up the rest. I currently live on a pension, I live with my partner but i do not own the house and i live thier and pay rent. I have 25k of savings and dont want to lose them. I have a debt mangement company and i am paying around £100 a month of, the companys have said this cannot continue and that they will make me bankrubt in the next two years. If this happens i will lose all of my savings, is thier anyway i can sign some of my money over to a sibling of mine? What would peopel advise I do. A second options is that i pay 550 a month for the next 7 years but i have no idea how i can afford this on my pension.
SAVINGS?!?!?
Dear all,
My situation is that I am 55k in debt with 5 creditators, 2 big ones at 23k each and three small ones making up the rest. I currently live on a pension, I live with my partner but i do not own the house and i live thier and pay rent. I have 25k of savings and dont want to lose them. I have a debt mangement company and i am paying around £100 a month of, the companys have said this cannot continue and that they will make me bankrubt in the next two years. If this happens i will lose all of my savings, is thier anyway i can sign some of my money over to a sibling of mine? What would peopel advise I do. A second options is that i pay 550 a month for the next 7 years but i have no idea how i can afford this on my pension.
SAVINGS?!?!?
I think what really annoys me most is the utter contempt towards the various companies they owe money to. I know it's not like small enterprise or cottage industries, but it's very similar to the utter contempt every form of "Authority" is held in by various sections of our happy society. The type of muppets who open their car door on yours in the car park... (Cough) Toyota Emina (cough)
wiffmaster said:
Don't think he was having a go at people in debt; more at people who have debts, then decide they don't want to pay them back and screw over companies/individuals in the process.
Deleted it wiffmaster, I don't even want to read these threads never mind reply to them. Everytime it's the usual 'I can control money, let have a joke on people in debt', anyway carry on people.HunchBack said:
wiffmaster said:
Don't think he was having a go at people in debt; more at people who have debts, then decide they don't want to pay them back and screw over companies/individuals in the process.
Deleted it wiffmaster, I don't even want to read these threads never mind reply to them. Everytime it's the usual 'I can control money, let have a joke on people in debt', anyway carry on people.This puts those who have legitimate financial problems in the same boat as them.
This is interesting isnt it.
I personally don't think anyone should be stuck for food and shelter.
OTOH, when quantative easing begins, the government have a problem. How to distribute all the extra cash.
If you think benefits are going to be paid from hard cash made by someone with value, then you're sadly mistaken. Obviously in the longer term, it doesn't matter a bit. Benefits are taken from the "rich" and paid to the "poor" whatever those things mean. Essentially the money obtained by benefit claimants is already worth more, because they don't have to "earn" it. It's all just money, so if they get printed money for free, when others don't it makes no difference.
There is an essential difference though. At the moment if the number of benefit claimants goes up you feel it in tangible numbers in the pay packet.
Once they start printing money, the only real way to know is that your meal cost twice what it did last week.
Whilst I think no-one should go without a meal and a roof, it still has to be paid for somehow, and so there can never be a cast iron garantee.
Once they start printing money the only measure of how bad things are, is the number of people going without food and shelter.
Benefit claimants, and people with so much money that they can stand it, will not suffer. The people that will suffer are those who are still earning, to feed themselves.
No actual value can ever come from government. They can only lever the value of the economy. If they are considering printing money it can only be because we need more than we are making. The more they print, the less incentive there is to earn it. At the moment they are levering the value negatively.
The quoted person who is considering bankruptcy is making a mistake. She should hold her debt, until it is negated by inflation.
I personally don't think anyone should be stuck for food and shelter.
OTOH, when quantative easing begins, the government have a problem. How to distribute all the extra cash.
If you think benefits are going to be paid from hard cash made by someone with value, then you're sadly mistaken. Obviously in the longer term, it doesn't matter a bit. Benefits are taken from the "rich" and paid to the "poor" whatever those things mean. Essentially the money obtained by benefit claimants is already worth more, because they don't have to "earn" it. It's all just money, so if they get printed money for free, when others don't it makes no difference.
There is an essential difference though. At the moment if the number of benefit claimants goes up you feel it in tangible numbers in the pay packet.
Once they start printing money, the only real way to know is that your meal cost twice what it did last week.
Whilst I think no-one should go without a meal and a roof, it still has to be paid for somehow, and so there can never be a cast iron garantee.
Once they start printing money the only measure of how bad things are, is the number of people going without food and shelter.
Benefit claimants, and people with so much money that they can stand it, will not suffer. The people that will suffer are those who are still earning, to feed themselves.
No actual value can ever come from government. They can only lever the value of the economy. If they are considering printing money it can only be because we need more than we are making. The more they print, the less incentive there is to earn it. At the moment they are levering the value negatively.
The quoted person who is considering bankruptcy is making a mistake. She should hold her debt, until it is negated by inflation.
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