Can i delcare my self bankrupt

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djd

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Post by djd » Wed Sep 19, 2007 11:05 pm
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I am currently on a IVA paying £200 a month how ever i am still finding myself having to borrow money 2 weeks before payday. Can i delcare my self bankrupt instead and if so how do i go about doing this ?
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Adam Davies

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Post by Adam Davies » Wed Sep 19, 2007 11:10 pm
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Hi
Yes you can.
Just inform your IP and download the forms via the insolvency services website.There is a fee of £485 to apply for bankruptcy.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Oliver

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Post by Oliver » Thu Sep 20, 2007 5:22 pm
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You should talk this through with your IP but ultimately yes you can go bankrupt at this point.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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andymac

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Post by andymac » Thu Sep 20, 2007 7:20 pm
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If you decide to go for Bankruptcy, I have been filling out the forms this week, they take some time, but the whole system is very easy to understand and present.
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Soulgrowth

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Post by Soulgrowth » Thu Sep 20, 2007 9:48 pm
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Or you can do what my IP advised me to do which was to miss the next three months IVA payments ... and then they will make you bankrupt and it will save you the cost!!

Debbie

www.babynamings.co.uk

www.soulgrowth.co.uk
Debbie
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Skippy

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Post by Skippy » Thu Sep 20, 2007 10:01 pm
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Your IP won't necessarily make you BR - it depends whether you have paid enough into the IVA to cover the IP fees, and also whether there is any provision in the IVA for the IP to hold back BR fees.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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Soulgrowth

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Post by Soulgrowth » Thu Sep 20, 2007 10:08 pm
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Or you can miss the three months IVA payments and use that money?

Debbie [:)]

www.babynamings.co.uk

www.soulgrowth.co.uk
Debbie
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Skippy

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Post by Skippy » Thu Sep 20, 2007 10:22 pm
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I missed a couple of months and used the money to pay my BR fees.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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