Thinking of going Bankrupt

[Never-In-Doubt]

Re: Thinking of going Bankrupt

Is this definitely from the court? I'd be prone to call the court and query it based on there being NO judgment by which AoE is permissible.

See what others thinks but that's what I'd possibly do....

[Riz]

Re: Thinking of going Bankrupt

Not overly familiar with AOE forms etc, but is there a case number on that or the letter? If there is I would check with the court to see if there is a CCJ.

To my knowledge there must be one for a genuine AOE to be applied for.

[pompeyfaith]

Re: Thinking of going Bankrupt

If I could sell up I would but it is at the moment unfair to do such given my mum in laws health as the one thing she needs is stability

[pompeyfaith]

Re: Thinking of going Bankrupt

So not a DWP debt, so can't be a DEA.

I'm bemused at the AOE then if no CCJ? Sure there isn't one?

OTR etc I have seen people suddenly get an AOE form or order to attend examination without notice, simply as the creditor has been sneaky or incompetent and managed to get a court case through, perhaps with the original paperwork going to a wrong address?

Nope diffidently no CCJ at least not that I am aware off, had nothing through the post that dictates there is one it is why I had a payment arrangement to guard against such.

[Riz]

Re: Thinking of going Bankrupt

So not a DWP debt, so can't be a DEA.

I'm bemused at the AOE then if no CCJ? Sure there isn't one?

OTR etc I have seen people suddenly get an AOE form or order to attend examination without notice, simply as the creditor has been sneaky or incompetent and managed to get a court case through, perhaps with the original paperwork going to a wrong address?

[Never-In-Doubt]

Re: Thinking of going Bankrupt

Direct earnings attachment

https://www.gov.uk/government/public...mployers-guide

[pompeyfaith]

Re: Thinking of going Bankrupt

What is the debt for originally?

AOE must have a CCJ.

DEA for benefit overpayments etc doesn't need one.

Double glazed front door

DEA?

[pompeyfaith]

Re: Thinking of going Bankrupt

We owe 68k with a value of 150k roughly

Zoopla Estimate

[pompeyfaith]

Re: Thinking of going Bankrupt

How much would your share of the equity be then?

A 3rd in law I believe although our mum in law has no part in the mortgage bar her name being on the deeds due to it being ex council and needing her discount to buy.

[Riz]

Re: Thinking of going Bankrupt

Now is bankrupcy an option bearing in mind I own my home and have about 60% equity? would the receivers force a sale and if so how would that affect my wife and mum in law who have a 3rd stake in the property.

How much would your share of the equity be then?

[Riz]

Re: Thinking of going Bunkrupt

Can you not do a DRO?

Can't do a DRO if you have property.

[Riz]

Re: Thinking of going Bankrupt

What is the debt for originally?

AOE must have a CCJ.

DEA for benefit overpayments etc doesn't need one.

[TibetanMonk]

Re: Thinking of going Bankrupt

Let's see what Riz / ATW thinks.....

Sorry mate, I get carried away lol :P

[Never-In-Doubt]

Re: Thinking of going Bankrupt

Let's see what Riz / ATW thinks.....

[TibetanMonk]

Re: Thinking of going Bunkrupt

Does anyone know if councils still do buyback mortgage rescue? as that could release the equity

http://www.adviceguide.org.uk/englan...ue_schemes.htm

Thats for England, which I presume you reside in :P Hope that helps.

Yes that is what I thought I have no CCJ on this debt as I entered a payment arrangement

Yes but didnt you say you stopped paying the arrangement due to unforeseen circumstances? Did you let the creditor know?