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fatherxmas

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About fatherxmas

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  1. Tomorrow is the big day for me. I have printed of three copies of the statment of affairs form, 99 pages, and am off to court in the morning. What else will i need to take with me other than £600. Do i need i.d, bills etc... or just the forms and money.
  2. No not really, i'll explain a little better. I've recently been in contact with National Debtline who i've been talking to for just over a year now about my debt, and have now agreed that going bankrupt is a very viable option. The house we have a mortgage on is far too small for us as we now have two children and as it is we are paying well over the odds for it and have over 32 years left to pay. You can rent similar property (like next door) for £450, yet we are paying £620 and this is due to go up next year as we have fallen behind with a service charge on the property. After paying the mor
  3. Hello I have posted on the bankruptcy section, called In Debt. Anyway, I have a mortgage but wish to hand my keys in next month and let them sell the house at auction etc as I need a bigger and house and have somewhere to move in. How would do this? Do you call the mortgage company and let them know? Or just stop paying mortgage?
  4. Right, obviously i'm not happy with the house as it's far too small for our needs, and can't really sell it etc.. Now, my parents have inherited a house and have moved into it and have offered their house to me for rent at a good rate. It's decent size being 3 beds and has a garden and is closer to my work, lower council tax band. I'm seriously considering this as I have explained my situation to them and they are willing to have a contract drawn up and are happy for me going bankrupt while renting from them long term. Now, how do I go about handing my keys in to Northern Rock? I intend to tak
  5. Hello readers, I have posted on here before sometime around christmas (hence the name) and was due to go to court for a redetermination. I can't recall whether or not I filled you back in on my situation so i'll start from fresh. I'm married, mid twenties with two children under age of 3. I currently have a mortgage from Northern Rock for a small 2 bedroom cluster home in the Midlands. I have no garden and the second bedroom, you would just about fit a computer desk in. One of my children has to sleep in the same bedroom as me and my wife and obviously all clothes, changing unit etc are i
  6. Cheers for that advice. Called them this morning and got it reduced to £100 by changing tariff and as I have a council tax break next month offered to pay them that as well so payment will remain at £87! (for now)
  7. Update: Got court hearing beginning feb and have received majority of agreements from my other creditors to new payment plans. Then this morning electric statment comes through and has gone up £31 a month. Don't know whether to laugh or cry. I even got Northern Rock to agree reduced payment plan! Now though it seems i'm going to have to rewrite to all of them again and offer less. What's the chance of them accepting less after just agreeing an improved offer? Pants!!!!!!!!!
  8. Thankyou for your advice. One factor though is the size of our current house. It's a bit on the small size, i'm not complaining at all it has served us well for three years so far. It's a two bed house with no garden and small living room. The small bedroom you can't fit a full size bed in without blocking the door 3/4 and is suffering from damp pretty bad, and our fixed period ends in 6 months and I expext to get screwed by the new terms. I know we could get a better sized property in renting, but it's a big step. But just thinking with at least 12k equity in the house if Nationwide got
  9. Yes letter written yesterday and will be sent via special delivery on monday. I have requested a hearing at my local court.
  10. Been going through paperwork today and have been searching on web for information on my mortgage. It's the Together mortgage. It's breakdown goes like this 90k mortgage + 14.5k unsecured loan. House is valued at £106k-£100k. If I sold house what would I be obliged to do as I have all these creditors chasing me. Could I pay the mortgage off and pocket the profit. Rent new house, then go bankrupt? Or would all profit be taken by creditors and me left homeless with no rent money to put down. Just a thought? Today I have written a letter to Northern Rock informing them of Nationwid
  11. Hello this is my first post here, found this site while trying to find info to deal with my predicament:- I'm a married man with two young children, 9 months and 2 years. My wife and I have struggled with money since the birth of our first son as she had to go to part time due to childcare issues. Though it took us a year later to truly understand the mess we were in as the overdraft got bigger and the credit cards were having the tesco's shopping put on them now and again. The minimum payments got bigger etc, the overdraft said no more. I sat and sorted the money out and realised we were
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