If i go bankrupt can you add debt after the event?
asking this as a few of you are aware that ebay are taking me to court and I most probably will have to pay them compensation, as im already in a DMP I cannot honestly afford to pay back this and Approx £50K
so If I went bankrupt could i add the ebay money after ?
Thanks
In bankruptcy you must list all debts including contingent debts so the ebay debt is covered. Regardless of the outcome the debt would form part of the bankruptcy. Make sure and list it on the paperwork.
Last edited by Michael Peoples on Mon Feb 16, 2009 2:06 pm, edited 1 time in total.
so even if i dont have to pay ebay anything I have to list it on the bankruptcy forms, prior to going bankrupt, even though I wont know the exact amount I will have to pay them?
Thanks
You list them as a creditor for the amount you believe is owed even if that figure has not been agreed. There is a section at the end of the papers for additional information and you can explain there the details of the debt and why you are unsure of the amount.
You most certainly can. All of your pre-bankruptcy liabilities both ascertained or those that you don't know the amout of at this time (your ebay problem) will be taken into account.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I hope you manage to put all this behind you soon.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm sure it will be sorted before too much longer.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
LD, i really hope you get some closure from ebay very soon. It must be a terrible worry on top of other things you have going on in your life right now.
Lookdivine - why don't you agree a compromise claim with them, informing them that whatever happens you cannot meet any claim and will declaring bankruptcy. They might end the court proceedings which will give finality sooner!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
