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Posted: Wed Feb 06, 2008 6:01 pm
by jodi
my house was repossessed in 1997, the halifax have passed my debt of £9000 to a collection agency, i dont work and my wife is on a low income and tax credits. what can i do?
Posted: Wed Feb 06, 2008 6:04 pm
by ianmillington
Are you on benefits?
Unfortunately a mortgage is a deed, therefore the 6 year rule is extended to 12 years. So firstly the debt is valid.
I assume you are on benefits? In that case I would go and see the Citizens Advice Bureau and ask them to help you make yourself bankrupt.
ian
Posted: Thu Feb 07, 2008 4:45 pm
by jodi
thank you so much for getting back to me, i went to the citezens advice and they wer'nt particularly helpful!
i beleive bankruptcy costs around £500? if so, do you pay that in instalments and do you think thats the best thing to do?
We are on benefits (working & child tax credits) but my wife claims them as she is the one who works. Also we get disability allowance for our son.
also, how long does the whole bankruptcy process take?
thanks again
brian
Posted: Thu Feb 07, 2008 5:08 pm
by Adam Davies
Hi Brian
If you were both on the mortgage you will both need to declare bankruptcy.You should get a reduction as you are on benefits and I think that it will cost about £350 each.
I will post details of some charities that may be able to help you with the cost.
Once you attend court on the date that you are given for your bankruptcy hearing you will be declared bankrupt that day and the debt will be no longer enforcable.Also as you are on benefits you will not have to pay ongoing payments under an income order.
Regards
Posted: Thu Feb 07, 2008 5:10 pm
by Adam Davies
Here is some information on charitable trusts who may give grants for bankruptcy fees and other financial help which we hope will be of some assistance (You will usually need the assistance of an experienced money adviser to apply).
The British Gas Energy Trust & EDF
www.britishgasenergytrust.org.uk
01733 421021
Royal British Legion
www.britishlegion.org.uk
08457 725 725
South Staffordshire Water Trust Fund
www.south-staffs-water.co.uk
01922 63 82 82
Anglian Water Trust Fund
www.awtf.org.uk
01733 421 021
United Utilities Trust Fund
www.uutf.org.uk
0845 179 1791
Severn Trent Trust Fund
www.sttf.org.uk
0121 355 77 66
Yorkshire Water Community Trust
www.ywct.org.uk
0845 1 24 24 26
There are a number of trade unions which we believe also give assistance.