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FreshStart2010

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  1. How far back do you typically need to go on the Cause of Bankruptcy? 2-3 years? 5 years?
  2. Angel007 - thanks for the message. Its great to hear yours went well and that you feel relieved! I am hoping to go on Monday morning and get it all done once and for all. I have never missed a payment for over 6 years, ever since I have taken out any credit. I started a business back in 2006 and invested my own capital into the business and over time there has been an accumulation of debt for living, expenses as one investment deal fell through after another I had to keep going as my capital ran out I used the credit available to me to keep going as a deal seemed so close - recession hit
  3. Just in case here is a link to my first post giving some details of the circumstances surrounding the BR. http://www.consumeractiongroup.co.uk/forum/formal-solutions-bankruptcy-administration/240641-help-advice-failed-entrepreneur.html
  4. Hi guys, Am having some real difficulty completing the Cause of Bankruptcy section - no matter how I write it it doesn't sound right to me. Maybe because am too close to it myself, can anyone assist or give me some examples that I can re-word or at least get an idea of how best to describe it. Have a small dose of bankruptcy writers block 8-) Also under unsecured creditors I have listed all the credit cards and there are two questions I don't get, 'Date incurred' and 'What was it for'. For credit cards that have built up over say 5 years what date are they asking for and if it was va
  5. Hi guys, Am having some real difficulty completing the Cause of Bankruptcy section - no matter how I write it it doesn't sound right to me. Maybe because am too close to it myself, can anyone assist or give me some examples that I can re-word or at least get an idea of how best to describe it. My circumstances were nothing exceptional as per my first post above, just can't seem to get it right - writers block! Also under unsecured creditors I have listed all the credit cards and two of the questions I don't get date incurred and what was it for. For credit cards that have buil
  6. Danboy, you're right however am sure any due diligence would show a BR, getting a mobile phone, rental on an apartment etc. would all be near impossible given a credit check for a while. I suppose these are all the downsides to the BR! Once you're BR do the restrictions only apply in the UK or in EU. I mean could a BR go to another country and setup a company whilst still undischarged? - Vic
  7. Thank you for all the comments. I think it would feel better if I were to petition my own BR, I cannot see how waiting is going to change anything. If I got a job and from what I've found so far not many like to employ entrepreneurs - I still wouldn't be in a position to pay it back. Hardest thing for me would be the fact that in the UK unlike the US, bankruptcy is seen as a bad thing in business and starting up something new will be more of a challenge and not possible for at least a year. Does the OR actually go through each transaction for the last 5 years of every account/
  8. Car was sold for £15k less the value so I guess they will be chasing me for £17k depending on all the charges they have slapped on top. Barclays is around the same - other credit cards and loan are less. Vic
  9. Toddle, Thank you, things always seems worse in your head then in reality, but nevertheless effective! I had a limited company and put through all the receipts etc. and expenses. The company has now been struck off as I did not file the last return or accounts. The debt is all personal the company did not borrow anything as it was a start-up. I was considering simply waiting but thought this would be viewed badly. There are 7 credit card companies, 1 loan company, 3 banks and ING for the car. I would have thought that ING would be the first to bankrupt me being the largest credi
  10. Dear all, Have read many of the threads on here, its great so many of you contribute and provide assistance based on knowledge and past experience. I fully intend to do the same! My situation is fairly complex and although have tried to find answers, there is so much conflicting information and most of the debt helplines have not been able to answer my queries and have not be able to find a reliable/ honest company or individual to give decent advice! My story In 2006 I started up a company. I was in some minor debt at the time but nothing major maybe £5k. Over the course o
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