Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
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a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I have a few questions spinning around in my head and would be grateful for any info/advice on the points below.
A) Is it common for CC companies to force someone into bankruptcy/sequestration?
B) Does the amount outstanding have any bearing on the above ie say in excess of 20K?
C) How difficult or easy is it for them to establish whether there is equity in an owned property.
D) If there is equity is it possible to sell during any action they may be taking without them realising and then hopefully agree a reasonable F&F settlement?
E) If they go for CCJ and it is defended but fails is it still possible to agree a schedule of affordable payments?
I expect the reasoning for asking these questions is obvious, just trying to protect my wife's interests, she didn't deserve all this -----, couldn't care less about my own now, so any help would be greatly appreciated.
appealing for some help on the above questions, things getting desperate with the constant phone calls, can't see any way out of the mess, really worried that any equity we may have in our property (originally my wife's but I'm now on the mortgage) may be lost due to my debts/arrears.
If someone could give some feedback on the question of CC going for bankruptcy I'd be really grateful.
a sort of fire-fighting role here. Hate HFC & their past compulsory PPI ethos
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Re: CC's ~ Bankruptcy?
Originally Posted by wrungout
I have a few questions spinning around in my head and would be grateful for any info/advice on the points below.
A) Is it common for CC companies to force someone into bankruptcy/sequestration?
they will do whatever you allow them too
B) Does the amount outstanding have any bearing on the above ie say in excess of 20K?
no
C) How difficult or easy is it for them to establish whether there is equity in an owned property.
none of their business, only a court can force you to reveal your financial status.
D) If there is equity is it possible to sell during any action they may be taking without them realising and then hopefully agree a reasonable F&F settlement?
to get to even thinking about such action, it will need to go to court.
E) If they go for CCJ and it is defended but fails is it still possible to agree a schedule of affordable payments?
yes this will be set by the judge dependent upon your financial situation
I expect the reasoning for asking these questions is obvious, just trying to protect my wife's interests, she didn't deserve all this -----, couldn't care less about my own now, so any help would be greatly appreciated.
you need to give us more info on each debts.
there will be ways to reduce what you owe i bet & p'haps negate some of it, only your info will help us.
or p'haps contact payplan or CCCS both are free debt management charities
dx
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CC's ~ Bankruptcy?
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Originally Posted by wrungout
