What can be included in BR

[jon1965]

Just wondering what can be included in BR other than my normal credit debts..

Can utilities be included and do you then have to change supplier?
Anything else?

Thanks

[IF]

Re: What can be included in BR

Yes utilities can be included and you don't always have to change supplier but all circumstances are different, most will reset your account as long call them with readings on the day of BR. Technically they could refuse to supply you for gas and electricity often they just ask for a deposit or meter to be fitted.

Have a look here too Jon -- > ~ Look here first - Bankruptcy Help ~ - allaboutFORUMS

Will all my debts be included in my bankruptcy?
If you are made bankrupt, you must stop making payments directly to your creditors. Your creditors must make a claim to your trustee (that is, either the official receiver or an insolvency practitioner). They should not ask you directly for payment; if you receive any requests, you should pass them immediately to your trustee to deal with and tell the creditor that you are bankrupt. There are some very limited exceptions to this non-payment rule. These are:

• secured creditors, such as creditors who have a mortgage or charge on your home. If mortgage payments are not made, the lender may sell your home.
• non-provable debts, such as court fines and other obligations arising under an order made in family proceedings or under a maintenance assessment made under the Child Support Act 1991. Non-provable debts are not included in the bankruptcy proceedings and you are still responsible for paying off such debts;
• benefit overpayments, where the benefit provider can recover any benefit overpayments from further benefits you receive until you are discharged, when you will usually be released from these debts; and
• student loans.

The official receiver, or trustee, dealing with your bankruptcy will write to all your creditors to tell them you are bankrupt. Your creditors can then register a formal claim in your bankruptcy, by sending notice of your debt to the official receiver or trustee.

Not all of your debts can be included in your bankruptcy, these are known as non-provable debts and you will be responsible for continuing to pay them. These include CSA assessments, fines and maintenance and any obligation under a confiscation order made under section 1 of the Drug Trafficking Offences Act 1986, or section 71 of the Criminal Justice Act 1988 or under Parts 2, 3 or 4 of the Proceeds of Crime Act 2002.

[jon1965]

Re: What can be included in BR

Thanks IF

A friend has offered to fund my BR but I am still in two minds (maybe more than two minds..who am I , where am I what day is it?)

[SXGuy]

Re: What can be included in BR

Really dont know why your debating it jon, if you have no assets just do it, will be such a weight off your shoulders seriously.

Going BR when i did was the best thing i ever done.

Obviously if theres anything in your life which would be effected then thats a different matter but for me, i was living at home, needed no credit for 6 years, and all my debts just went away the moment i done it, was such a weight off my shoulders.

[PlanB]

Re: What can be included in BR

A friend has offered to fund my BR but I am still in two minds

That's brilliant news

This has been on your mind since February 2012

http://forums.all-about-debt.co.uk/s...ead.php?t=4968

[Never-In-Doubt]

Re: What can be included in BR

Lol not at this juncture again.

Dejavu

[jon1965]

Re: What can be included in BR

Sort of. Yesterday when I got home there seemed a mountain of letters and bills. A friend (not the OH) has offered to give me the money to do it. No great rush or even decision,, just looking at info.

[Never-In-Doubt]

Re: What can be included in BR

Thing is mate had you done it last year you'd be over it already.....

Worth pondering - but not for too long eh?

[SA Gold]

Re: What can be included in BR

hi jon,
just read the link planb posted.
40K is a fair bit to sort out mate, so if you have no assets and no job where going bankrupt would cause problems; why not go for it?
I see you have some health concerns too. This should help to relieve you of some worries surely?
best,
Missy

[SXGuy]

Re: What can be included in BR

Perhaps theres a stigma or fear to BR that jon secretly has?

Jon im only speculating, please correct me if im way off.

The truth is, speak to someone whos already been through it, like me. I can honestly say it was the best thing i ever done.

The endless phone calls stopped, the letters went away, anyone who still managed to get through was refered back to the receiver and never heard from again.

BR isnt for everyone, but people who have nothing to lose its a lifesaver.

6 years for credit flew by.

[jon1965]

Re: What can be included in BR

I was ready last year and then a couple of big things happened, the biggy being my estranged wife being most inconsiderate and dropping dead. Both of them may have caused the OR to look more closely at my situation. Now almost 12 months on things are a bit different. Been discussing it with my friend and can pay him back in other ways .

[PlanB]

Re: What can be included in BR

I was ready last year and then a couple of big things happened, the biggy being my estranged wife being most inconsiderate and dropping dead .

Your humour is getting more like Cloggy's every day

[jon1965]

Re: What can be included in BR

Well on a good day she would have taken it in good part and it's nothing I wouldn't have said to her lol