Any Advice

[worriedgirl]

I filed for BR on 13.5.08 had a 10min chat with OR yesterday but actual interview isn't until a couple of weeks time.

She has stated that she will need to go through my debt and how I got there. I have been maintaining my min payments to all my creditors but have been using credit to live because there was no income left once everything paid, I did this until April 08 and then made no payments when I got paid at end of Apr but have not used any credit since then.

My debt is simply because I have lived beyond my means, I have had consolidation loans and then run up credit cards again.

I am seperated from my ex and have a son I had cancer 10years ok and have had several other ilnesses due to thetreament. My debts however have really only been builtup over last 5 years and basically I just went on spending frenzy wanting to give my son a good life, holidays etc after the treatment etc. Can anyone advise how this will be viewed by the OR.

Tess

[kallis3]

Tess I am so sorry to hear about all your problems and I hope your health is now ok. I know what you mean about spending though. I always wanted to give my daughter the best I could which often meant overspending on the credit cards etc.

We are in an IVA and this was what we put down for the reason we were in so much debt.

I am not familiar with the BR route, but I am sure someone can help you with that, just wanted to give you my support

[Viki.W]

Hey Tess, how awful, I really feel for you, sorry you've been through all that and I hope you are well now. I can't answer your question but I'm pretty sure there are lots of people who have done exactly the same as you, I wouldn't worry too much as long as you are completely honest with the OR. Good luck, Viki X

[worriedgirl]

Thanks Kallis

I am really worried about getting a BRU (restriction order) because I have no real excuse for my spending. I know having a BRU is not the end of the world because really I do not want any more credit but I would just like all this behind me asap and maybe to be able in the future to remortgage and get a better rate. But I do only have myself to blame.

Tess

[kallis3]

I think most of us are the same. We just wanted everything instantly - new cars, holidays, extravagent Christmas and birthday presents, furniture. It was so easy to get and everyone just threw money at us. We conveniently forgot that we had to pay it back - it is so easy to flash the plastic - doesn't seem like money does it?

[worriedgirl]

I am so worried that they will give me a BRU because I increased debt so close to declaring BR. Have been reading the Insolvency register where they put those who have been given a BRU and some have been given them for exactly that reason or taken on credit that they had no reasonable chance of repaying. I feel really sick at the prospect.

[Emily]

The OR have the responsibility of probing the debt you are attired with.It is routine.

Only in cases where there are extreme irresponsible and unquestionable fraud will the matter be serious enough for a BR order be decreed to last for a very long time(but rare as less than 1% of all BR cases I think?).....rather than a early discharge.

But you explanation over your debt problem is very common so I wouldn't worry about it. A genuine default deserves an early discharge as many here.

[worriedgirl]

Thanks for your replies

[facingittogether]

hi worriedgirl

i think alot of us on here are like kallis said in the position we are in to a certain extent (well i know i am) because we lived beyond our means!

i really dont think you have anything to worry about, i am sure the OR sees this kind of thing everyday!

try not to worry, i am sure it will be ok!

thinking of you

barb x