Bankruptcy threat

[vicky 11]

Hi

Yes I have thought of that, I have printed off stuff from here, I havent read everything yet.

The conclusion I have come to so far is; I have tried to pay back something of what I owe, I would have continued to do so, even paying something when I return to work. I have made creditors well aware of the situation and I have all the proof that I did try. So if they want to take the control away from me and pay for BR then its further evidence that it is out of my control. My best efforts have been met by all kinds of threats, court, etc, etc. So I am thinking OK, I tried now you have the ball in your court, this is what you want to do. It is not what I wanted to do. This action means I will not be allowed to return to my place of work. They, after reading medical reports about stress related epilepsy etc, are still wanting to turn the thumb screws. This surely would count in my favour with the court and the OR?

So let them do it, let them bear the cost of it, I am not scared anymore, its a little daunting but nowhere near what I thought it was going to be. I had imagined standing in court and being quizzed, people coming into my home and taking the kids stuff away. I am not willing to use Dads money, that he worked hard for all his working life.

I think its the best option, now I feel liberated by the fact that I dont have to write anymore letters to creditors. Many have ignored them or just wrote back with threats of court action. The phone calls were terrible, I dont have that anymore, but I feel just as hopeless when I put my best offer forward only to recieve yet another threat.

They are actually going to give me a fresh start, I dont think I can ask for more than that. I know I borrowed the money, I didnt know that I would not be able to pay it all back.

All of my letters to them have been polite, I have backed it all up with evidence. I still think this chap thought I would cave in and pay the full balance or 75 per cent of it. They are going to recieve absolute zero. I am not sure how much that is going to cost them, plus the other creditors will get zero too, only the ones that accepted the offers and have been paid will benefit.

Thanks for your replies, I am feeling tons better but I still need you.

[kallis3]

Vicky, you sound a lot more positive, and that is good to hear.

I hope everything goes ok for you and that you get yourself sorted out.

Ignore the a***holes who phone, they are not worth getting upset over. Let them take you to court and see how they like the fact that they won't be getting a lot back!

You've done your best to talk to them, the ball is now in their court.

Good luck.

[Viki.W]

Vicky, as Kallis says, you have done your best and you can hold your head up high and be proud of that. It won't be as bad as you think and soon you will be able to put it all behing you. Keep posting, we're all here. X

[chris.g]

Can I say that we have not been better off than we are now. Not that we are rolling in money but when we had credit we were making payments which cut our cash down considerably. Now we only have our cost of 'living'...rent, CT, utilities, food, car etc...no debt!!
Vicky, this WILL be a fresh start for you and your family. Embrace it for what it is, a solution to your problem.

[vicky 11]

Its me again

I opened my account with co op today, just a basic account with a debit card, no overdraft. I have been reading about the income and expenditure, to be honest Chris I will be so much better off. I have been paying creditos what I can and they never appreciate any of it, they always want more. Now this creditor would rather pay to have a Zero. So its not really up to me anymore to try to sort it out. They have really called the last shot, I have no answer to that.

I have felt a lot better today, I have been out and instead of feeling ashamed and carrying a huge burden, it seems to have been lifted. I am still printing stuff off and trying to go through it. My children have noticed how much better I am. I still look a mess and need to do something with myself, to be honest I have really let myself go and need to get back on track.

Thanks everyone for your help.

Vicky

[chris.g]

Vicky, when I think of how you sounded when you first posted you sound 1000 times better....and it's great!!! [:D][:D]
Keep it up, you're making tremendous progress, [:)] xx

[Soulgrowth]

Yeah girl! That's the way to go! You really should do a blog as just know that your's is going to be one of those journeys that will become real inspiration to others.

Take a look at notsobrightspark's recent posting of the experience at the local court today ... I am sure that it would help http://www.iva.co.uk/forum/topic.asp?TO ... hichpage=5

Are you anywhere near the Bradford area Vicky? It would be great to meet you at the Frugal Friends meeting.

Debbie

[facingittogether]

vicky

you are doing brilliant!

like you say you have tried, now its their loss for being greedy!

we are all here for you!

love barb x

[vicky 11]

Hi Thanks

I am in Solihull Lodge.

[vicky 11]

Hi all I am a little bit confused.

I found another debt forum and asked the same questions. The advice was that this creditor will not make me bankrupt as the cost of them doing so is in excess of £1500. In return they will get nothing.

Does anyone else think this is a big bluff? I dont know what to do about my other creditors, if I dont answer the others with the offers I have made I might lose the chance of sorting it out without a BR.

I will try and get into the CAB next week to get some more advice.

thanks.

Vicky.