Bankrupsy

[kerriesmum]

Hello, im a little embarressed, to say i need to go down the Bankrupsy route. I have been advised by my I.V.A case handler this is the way to go as i can no longer afford to pay anything.
I dont know anything about it. Have any of you gone bankrupt?.
Who do i contact for advice as in the best companies?
Can i keep my basic bank account?
will my employer sack me because of it?
please help i need some advice .

[WELSHYORKIE]

Kerriesmum, I have assisted a close friend in doing this in the not too distant past. Go to your local county court and ask to see someone about bankrupcy and they will advise you what to do, give you the necessary forms and point you in the right direction for any help you need. The whole process fror my mate was about 3 weeks from filling in the forms to being declared bankrupt by the County Court Judge. He did not expect it to be so easy to do.

[kerriesmum]

thankyou welshyorkie x

[kerriesmum]

when you say county court do you mean majestrates ?

[kerriesmum]

i know i have posted this twice but i need to get as much information as possible

[WELSHYORKIE]

The County Court is not a criminal court, but depending on where you live you may have a combined court centre. Check your local phone book or yellow pages. Where do you live, maybe I could find that out for you?

[kerriesmum]

Just done a quick google search ive found where it is and not to far from me many thanks Welshyorkie x

[pink-kittens]

Someone in my family went through this a few years back I can give you some information

No, you cannot be sacked over it although that *may* depend on what your job is - some jobs like to ensure you have no debt such as the policeforce
Your bank a/c is likely to change if you have a current a/c but you will still be able to have a debit card
It costs money to go bankrupt
Have a look here http://www.moneysuper...AMSs:20110613062604:s
This forum is excellent and will help you a lot
Personally I would go to your local county court
If you own your own home it is not always the case that you lose it
Look on your local councils web site as well - I've just looked at mine and they have a huge amount of information listed under 'debt' (I looked at the A-Z of help section). It tells you
Even the direct.gov web pages offer adivce on the whys and wherefores http://www.direct.gov.../Bankruptcy/DG_187323

[pink-kittens]

Seems I completed half a sentence .... 'It tells you what court to use and how to go about usng it'

[kerriesmum]

thanks pink-kittens.
I need to go to work now but i will check for more replies later.

[WELSHYORKIE]

Kerriesmum - Good luck and don't worry about all this. Be confident, listen to what Salla said on CB - all good advice. Probably most important if in doubt ask for help - Salla seems to be well informed on this.

[themas]

1. Go here:

http://www.insolvency.gov.uk/

It is the website of the Insolvency Service & has a lot of factual info.

2. If you know nothing about bankruptcy, it is best to get some free advice - contact your local CAB or phone CCCS. Do not get involved with any of the outfits that advertise they can help you with this - they charge fees for something you can do yourself with some free advice. (I do not thinbk your local County Court is likely to be able to give you all the advice you need, although you do need to get the forms from them.)

3. The cost of going bankrupt is £700, but if you are on a low income you might be exempt from the Court fee element, which is £175. Sometimes it is possible to get help from charities with the fee - CAB can advise on this.

4. If you already have a basic bank account you might be able to keep it, but the only banks which say specifically that they give basic accounts to bankrupts are Barclays and Co-op. So you might have to change the account. You can do this before going bankrupt if you want - but let the new bank know what you plan to do & get them to confirm you can keep the account after bankruptcy.

5. Unless you are in a sensitive job (e.g. one where you are controlling cash, or acting as an accountant) there should be no impact on your employment. It is possible your employer will not even know about it.