Debt Questions

It has happened today.In my local county court at 9.30am and walked out bankrupt at 11.30am. Neither myself or my wife even had to see a judge (stupid to say but we felt a bit cheated after all the worry about sitting in front of one).

9.40AM - Very nice court clerk calls us into room and asks us some questions regarding the forms we have filled in.States that this will determin how the rest of the hearing will go. We both also swear the affadavit. After this she says it all looks fairly straight forward and she would now present forms to judge to ask if he needs to see us personally (this amazed me!). We go back into waiting room , pay our £510 each over counter and were told to grab a coffee.

10.35AM - Court clerk comes in and tells us we are now bankrupt - myself from 10.10am and my wife 10.11am. This was very very surreal and we both just looked at each other."all so simple". The clerk informs us she is now awaiting a phonecall from local OR office and they will be speaking to us in turn.(could be 20mins but could be an hour).

11.00AM - Court clerk calls us back into room where the phone is off hook awaiting us. A lady from OR office asks us questions regarding bank accounts,CCJs,assets but all in a very brief non intrusive manner.We have a telephone interview arranged for 2 weeks today at 10am which she says will be at least half hour each long and she will speak to us in turn.She finishes both conversations telling us both that we are to divert any menacing calls etc to her office and gives us a phone number and wishes us well.

11.30AM - A goodbye to court clerk who was very warm and non judgemental and we are outside the court breathing a sigh of relief.

All in all a very unasuming experience and I hope anyone thinking of taking the plunge just takes note of this.I am not saying all experiences are like this but if my experience was 50% worse than it was, it still wouldnt be anywhere near as bad as I had imagined.

I will now be collecting keys for my new rented home in next few days and then tackling issue of handing my keys back to current mortgaged home. I am not hugely worried about the telephone interviews in 2 weeks - just wished they were sooner. The immense relief hasnt really hit home yet but I am tempted to call a few credtors tomorrow and perhaps that will give me some closure that I need.

So watch this space for next installment.

Kopman

Glad its over for you and hope you stay debt free for ever now. keep posting how things progress

yep that's pretty much how it goes at court. the application for BR at court is usually a fairly painless, brief and easy process.

wow !!

how did you get a rented home ?

is ti through a private landlord ?
sorry just interested as I know estate agents wont always rent to bankrupt tennents

Good luck for the future

does depend on the individual landlord to be honest. i had no problems either, landlord really wasnt bothered i was bankrupt, didnt even have to put extra deposit down.

And congratulations, glad it all went well, mine was similar except i spoke to the OR the next day to arrange my phone interview. it feels great to know someone is now dealing with everything for you and you have no more worry and stress...

until you come to clean up your credit file...then the fun really starts lol

I wasnt actually bankrupt when I went looking for rented accomodation but I did disclose my CCJs.The landlord wants 1 and 1/2 up front plus my mum in law is garauntor.

My only worry is that my being BR will be found out by landlord/estate agents by the time I sign for keys next week.

By the way the letting agents in my case never do credit checks so that has helped.

Thank you for that heartwarming post which, with your permission, I will adapt and use anonymously...

No problem Sarah - please feel free to use my post as you like.

Regards

TheKopman

You can always mention to agents that now you are bankrupt and the cost of your home is allowable against an IPA , the rent is easier to pay than it was before the order.

What was the circumstances for doing this if you don't mind me asking....??


I'm trying to get a DMP set up but I have no assets and over £30k of debt and wondering if going Bankrupt would be suitable for me.