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Posted: Thu Jan 13, 2011 5:25 pm
by Alex.ajb
I owe a creditor £28,000 and he has a county court judgment against me for it. He has issued a bankruptcy petition and I am in court tomorrow. What can I do? Can I ask for an individual voluntary arrangement at the hearing?
Also, the opposing side have not provided a draft bankruptcy order - do they need to do this? Can they give this to me at the hearing? Or will the court just write an order making me bankrupt?
Thank you
Posted: Thu Jan 13, 2011 6:10 pm
by Shining
Hi Alex and welcome to the forum, I'm unsure of the procedure in court but will bump this back up and hopefully someone will be along very soon who does know. x
Posted: Thu Jan 13, 2011 9:43 pm
by leaKybrain
Bumping again to keep it near the top. Not sure about the others but reckon melanie will be around in an hour or so.
Anyone else out there who can help?
Posted: Fri Jan 14, 2011 9:08 am
by Michael Peoples
You should ask for an adjournment to allow an insolvency practitioner time to look at your case. Most judges will grant the adjournment and if an IVA is the suitable option a proposal can be drafted and lodged in advance of the adjourned hearing. Your IP can apply for a court order suspending all legal action but it would be impossible to do it at this late stage.
Contact an IP firm for some free advice as it is possible to do something even at this late stage. Your IP could fax the court should the judge want confirmation that you have instructed one.
Posted: Fri Jan 14, 2011 1:58 pm
by Shining
Try
www.iva.com for a list of companies and some reviews of these, might be best to act sooner rather than later but still ensure you take the advice of at least 2 if not 3 companies to ensure you get free impartial advice. x
Posted: Fri Jan 14, 2011 2:10 pm
by Alex.ajb
Great thanks everyone!
I managed to get an adjournment and will now seek some proper advice.
Posted: Fri Jan 14, 2011 2:11 pm
by Shining
All the best Alex and let us know how it goes xx
Posted: Fri Jan 14, 2011 2:24 pm
by Broke of London
That's great news. I hope an iva works out for you. Keep posting with all yur questions...you'll have plenty over the next few weeks! The forum's also great for getting a second opinion (or third or furth or fifth...) on anything that doesn't sound or feel right. Best of luck x
Posted: Fri Jan 14, 2011 2:48 pm
by Michael Peoples
Good to see you got the adjournment and best of luck with your IVA proposal.
Posted: Fri Jan 14, 2011 2:53 pm
by kallis3
Excellent news! Visit the link provided and you will get some expert free and impartial advice.
Posted: Fri Jan 14, 2011 4:53 pm
by Squidward
That's good news - good luck with your IVA
Squidy
Posted: Fri Jan 14, 2011 6:44 pm
by Julie
Good news on the adjournment - contact a few companies and keep posting xx
Posted: Fri Jan 14, 2011 8:29 pm
by Adam Davies
Hi
Please keep us all posted on how you get on
Regards
Posted: Fri Jan 14, 2011 9:38 pm
by leaKybrain
excellent news, bet you so releived. There's a lot of good companies represented on this forum and you'll find details on the link provided. Good luck