Hi Guys I have had a letter come through from TBI for the Barclays credit cards now of £6567 £4124 £3168 This letter is from David Jones solicitors and threatens a statutory demand in accordance with insolvancy act 1986 of which I have 7 days to reply before they do that. Then I have 21 days to pay in full or they file for bankruptcy. Now as I have stated before in a seperate post I don't live in the UK I just use my mates address as a mail drop and for my mobile phone and bank account. I have zero assets in the UK also, no house mortgage etc. So what should I do with regards to this letter please? Cheers..

Hi I have a quick question I was hoping someone can clarify for me. Can a creditor/debt listed in my bankruptcy have a default date that started after my bankruptcy? I am due to complete 6 years at the end of this month and have just signed back up to one of the credit agencies to make sure everything is in order (I did this when I was first declared bankrupt and had to contact a number of them providing my bankruptcy order and relevant page of my 'statement of affairs'). One of my creditors has a default date of September and not March which is the month of my bankruptcy. I believed all listed debts should have same date as bankruptcy, can anyone offer any information on this?

Morning all, Just after a bit of advice for my neighbour please if poss. He is a self employed plumber and has been working with a construction company through an agency (and paid through an umbrella company) for the past few months. The job was meant to be completed and handed over next week, but he said that on wed afternoon men in suits came (Official Recivers?) shut the job down, and asked everyone to leave the site as the company had gone bankrupt. On Friday, he did not get paid and he called the umbrella company who told him to call the agency, he tried but cant get an answer from the agency when he rings. The money he wasn't paid is from wages the previous week so is now technically at least 8 days wages owing. Anyway, my question is, Is there anything he can do to get paid? Are the agency still obliged to pay him what he has earned or has he worked for nothing? I'm assuming there's no point putting in a money claim to the bankrupted company, but what about the agency? I've advised him to dig out any contract/paperwork he has with the agency to check if there is a procedure for this sort of thing but thought I'd ask here for any further advice. Many thanks Up2

Hi there, I have been reading similar posts to this from people in a similar situation but wanted to ask advice please. On the 5th November we returned home to a calling card left by a collector that had visited to discuss a lowells debt in my husbands name. My husband as supposed to ring him to ask what it was about but he never got around to it. Yesterday we had a letter in the post from the same collector stating that he had visited twice and he will be calling again next Monday to issue a statutory demand for a debt my husband has with lowell. From experience we have had in the past with creditors we knew to request a copy of a credit agreement before we agree to any repayment etc so my husband called the collector to ask what the debt was for (we had thought all bad credit we had was sorted as we had sorted a lot of these things in 2006-2007 and have not really heard anything since). He told us the debt was with the Royal Bank of Scotland and was for the amount of £10,700. My husband told him he would be requesting a copy of the credit agreement but we had no reference number or address for the creditor. The guy told us the information would be on the SD and if we wait until that arrives we can request the information then. We had a telephone call tonight from a woman from Hamptons who asked us to make a payment of the full amount and when we stated this was not possible she asked for a deposit of 35% of the full amount which obviously we could not do either. She then asked what we could get together and said she would phone us back. My husband at that point requested a copy of the original credit agreement which she eventually agreed to but asked us why we wanted it!! She then proceeded to explain the full implications of bankruptcy which was the route they plan to pursue if the payment requested was not made and she would be phoning us back on Monday. This really is the first correspondence we have had on this matter although the woman stated that they have been sending us 40 letters per year since 2007 when they bought the debt. My husband said he may have seen a couple of the usual type of letters these companies send but no way was there 40 per year!! We did seek advice from CAB in 2006-2007 about our debts and it is possible we acknowledged this debt back then and paid the nominal £1 fee. I can't remember when we would have last paid anything though. From what I have read in other posts I see that we need to officially request a copy of the original credit agreement for £1 and a copy of other paperwork that costs £10 (can't remember the name). Is there anything else we should be doing and can we avoid the bankruptcy route? If they can prove the debt is ours and we must pay will we have an opportunity to make a payment arrangement with them before they start bankruptcy proceedings? We have our own home (mortgaged) and my husband has his own building business (which is quite new so doesn't really earn us any money). We are quite worried at the prospect of loosing our home - can they do that with the debt being in his name only as our mortgage is in joint names. We also have children - can they make them homeless?? Thanks in advance for any help you can offer us on this.

Hi, Just some advice/suggestions needed regarding the Section 360(1) of the Insolvency Act 1986 - 1(b) The bankrupt is guilty of an offence if - (b) he engages ( whether directly or indirectly ) in any business under a name other than that in which he was adjudged bankrupt without disclosing to all persons with whom he enters into any business transaction the name in which he was so adjudged. Part 1a is understood. With regards part 1(b) we can't seem to find any clear definition of what business transaction means and if it includes retailing/selling my goods. I appreciate/understand the business has be "MY NAME trading as LOGO BUSINESS NAME" but can't make out if it needs to be like this on every bit of the website / logo / packaging /email etc. Seems a bit draconian if this is the case......? I am willing to put my name on all invoices and contact details, but I am looking to sell items of clothing / jewellery etc with my logo..... so do not want to add my name in the logo or the title of the website...? Hope this query makes sense

Is it legal for the same solicitors that represented the applicant in a bankruptcy to be the solicitors representing the trustee in bankruptcy of the same bankruptcy.

I am going to be served shortly (within a week) with a bankruptcy petition from Aktiv Kapital for fees arising from an Appeal Court case from a Set Aside Application hearing. History In 2012 I received a Statutory Demand ("SD") from Aktiv, I applied to Set Aside. Aktiv responded by Witness Statement and represented a copy of the signed application form and a set of 2007 T & C's (account was MBNA credit card taken out in 2002) exhibited by Aktiv as a true copy of the 2002 original agreement. At initial set aside court hearing I made representations that the T & C's were not a true copy of the original, but the Judge made a judgment that Aktiv's represented application form and T & C's were the documents making the original contract a valid one! I appealed that decision of that court, and again failed at the Appeal court, and fees were awarded to Aktiv. Aktiv issued a bankruptcy petition against me for the outstanding balance of the SD, of which I inadvertently paid to stop bankruptcy. I issued a claim against Aktiv of unlawful enforcement of the agreement, the Judge being presented with many corroborative facts showing the T & C documents were false, and Aktiv had engaged Fraud, struck out my claim as I had not used the word fraud in my Particulars of Claim ("PoC") (only in my Witness Statement and skeleton argument), but had only alleged unlawful enforcement in the PoC, and he also stated the claim was without merit. Aktiv issued a SD for the fees awarded at the Appeal hearing, I applied to set those fees aside as they were founded solely on the false documents (T & C's) represented by Aktiv as the original, of which Aktiv admitted in their Witness Statement for this case that, "it now transpires that the T & C's were not those at time of inception." The Judge of this case (application to set aside) again struck out my application, and without merit, also afterwards immediately made an application to the Designated Civil Judge to have a Civil Restraint Order against me. I now have an Extended Civil Restraint order against me! From two without merits cases, which I had evidenced Aktiv's represented T & C's were false! I made a formal complaint to the Police alleging Fraud, Perjury and Perverting the Course of Justice on Aktiv's part, as they had made conflicting statements within their Witness Statements regarding their representation of the T & C's, their admissions, misleading of the court and their gains against me to my detriment, the Police wrote me a two page letter of reasons why they refuse to investigate. Request Given that two judges on three separate occasions have been given information which evidences beyond reasonable doubt (only need balance of probability in civil court) that the represented documents exhibited by Aktiv were false, and they engaged Fraud, but did not listen, the Police will not investigate, what then can I do about the Bankruptcy petition, as I do not have the money to pay for the petition? Aktiv's bankruptcy petition is founded on the fees arising from the Appeal hearing from the original set aside hearing where Aktiv misled the court into believing the represented T & C's were a true copy of the 2002 set when they were a 2007 set. Any help, advice or suggestions would be appreciated, thank you very much.

I appear to have a debt of around £3500 to Littlewoods in 2007 which Lowell's have tried to collect. Yesterday I had a visit from a collector who handed me a Stat Demand for the amount in whole This debt was in dispute in 2008 as I was not receiving my 'cash back' for items that were purchased. After repeated demands for these due amounts I warned them unless they paid back what they owe they would receive no more communication from me. Well they eventually reworked out the amount and applied that but it was still not the correct amount (they claimed they made a mistake initially, even though it was still wrong). Well they continued to harass and not include the whole cash back amounts and eventually passed the debt around until Lowells finally issued the Stat Demand via a company called BG LEGAL yesterday. The debt had been passed with ALL the cash back now removed from my account, toally disregarding my legitimate requests. I have written to BG LEGAL today with a £1 postal order (CCA request), I also contacted Lowell Portfolio and did a similar CCA request (overkill but I wanted to make sure they could not delay further). I also contacted Littlewoods (the original creditor) and sent off a SAR request and duly included the £10 fee. I sent all recorded with BG LEGAL contacted by special delivery (I have all tracking numbers). I now need help with getting this set aside, I believe firmly they will not be able to provide the CCA, is this alone enough reason to get this set aside? Or do I go alongside the angle that this debt is in dispute as the cash back amounts were not correctly applied to my account? Also there are plenty of £12 charges against my account when I stopped paying due to the cash back saga. (I notified Littlewoods in 2008 via telephone that the debt was in serious dispute and they were in breach of contract). Can someone also post a link to 6.4 and 6.5 as I want the latest version that I can hand into my local court that handle bankruptcy orders (the one named on the letter, does indeed) Finally, the letter handed to me by the 'process server' did not contain the officer's name or details who handed me the Stat Demand, all the information on the first piece of paper was left blank so I cannot even tell if he is qualified to make this call and hand me the letter. Is this relevant? Many thanks to anyone who can help, you lot are brilliant (long time lurker). My main worry ------------------ I am a home owner but it is a joint mortgage with my fiancee. We have different surnames and this debt is only in my name, could they do something to our house or mortgage under these circumstances if, heaven forbid, they manage to win? How long do they have to respond to the (sent today) CCA request? Will that time limit expire before my 18 days to get this set aside? Am i right in thinking they have 40 days for the SAR? Was this a waste of time?

Hi I went Bankrupt in June 2010 included in this bankruptcy was my Uncle Buck Payday Loan. Uncle Buck were informed of this and were sent a copy of my Bankruptcy Order. However after a year or so i was continually harrassed by Uncle Buck demanding payment etc. I emailed them and told them of my Bankruptcy gave them my Bankruptcy number and sent another Bankruptcy order to them. All emails from them stopped until early February when i went to visit my parents i opened a letter addressed to me from Motor Mile Finance saying that Uncle Buck had sold my debt to them and i wass to make a payment immediately, they have also sent me quitre a few emails to my old email account which i have just found threatening to send doorstop collectors. I immediatley phoned them and informed them that i had been made Bankrupt and the Uncle Buck were informed of this on numerous occasions, the lady asked me to provide the bankruptcy Ref, which i did. She then said she will look it up and if i didn't hear anuything within 24 hours then it would mean its all sorted. About 2 weeks later i recieved a phone call from my mum saying that she had opened a letter by accident that was addressed to me and it was from Motor Mile Finance stating that they were going to send out Door Stop Collection Agents unless immediate payment of my debt was made. I phoned them immediately and said i had told them that i was banrupt etc. She then informed me i was not on the register and would have to provide proof that i was made bankrupt, i have now provided this via email attachment and still they are sending me emails. I though that when you were made bankrupt that the companies could not contact or harrass you, and i would have thought that they would not be able to sell the debt on either. Is there anything else i can do to stop them contacting me and sending letters to my parents? Any advice greatly appreciated. Sarah

Hi, I have an flat in UK which is in huge negative equity. I moved to US a few years ago. I am not able to pay the mortgage anymore and I am planning to give the keys back to the bank and apply for bankruptcy. I understand that mortgage is a secured debt. Can I apply for bankruptcy based on the negative equity on the mortgage? Will that be written off in bankruptcy? Or should I wait for the bank to sell the house and send me a shortfall notice before applying for the bankruptcy? Thank you very much in advance.

Hi I would like some advice please, on what to do next. My partner was discharged from bankruptcy 4 months ago and is going about clearing his credit file. There were several accounts still showing as OPEN and DEFAULTED including bank accounts and credit cards. He had no problem calling these companies up and getting them to CLOSE the accounts over the phone. However, Pounds2Pocket refuse to do anything to the account. The debt was sold on to a debt collection agency who have since CLOSED the debt on the credit file, yet P2P say it has nothing to do with them and Equifax should close the account. As experienced by others, P2P wont reply to emails, can't contact them by post, and being based in the USA don't seem to have a clue. What should he do? Get a solicitor to sort it out? Please advise. Thanks.

Hi Everyone, I am representing a close friend (really!) at a bankrupcy hearing in early Feb and would appreciate some advice. This will be the resumption of a twice-adjourned hearing after the judge allowed a period for the claimant (DCA) and their solicitor to 'get their act together' with regards to paperwork because, having become involved only a couple of weeks before the previous court date, I discovered that: The alleged bank overdraft debt stretched back to the late nineties When the DCA started chasing in 2003, the debt was queried in writing by the defendant who stated that they believed the debt was not correct and asked for full details The DCA replied a month later saying that they could not find any paperwork but would forward it ASAP, but all they have since provided is a copy of a bank account statement No further paper 'evidence' has since been provided. There was some verbal to-and-froing last year (during a very stressful period in the defendent's life as their marriage was breaking up and they were receiving counselling), culminating in a Statutory Demand and subsequent petition. The petition submitted to the court referred to a debt with a credit card company totally uninvolved in these events and with whom the defendant has never had an account. From all the paperwork I have seen this debt is statute barred, so I sent in a SAR (acknowledged and the 40 days are up within a week or so) to see what the DCA can dig up and I am now preparing for the next day in court. As I see it, unless the DCA digs up any written admission or details of any payments since 2006 (I am assured there has been none), the petition should be dismissed and, based on my research, I propose to also ask for an injunction and an indemnity costs order. I have seen some useful wording hereabouts relating to legal, FSA/IFA/trade body conduct and duty of care, and citing the relevant paras of documents etc., but any specifics I should major on? Also, subject to what I find from the DCA (assuming the debt is statute barred, as I believe from all the paperwork I have seen), do you suggest contacting the other party's solicitors before the hearing to lay out my understading of the situation and seeing if they want to make a proposal to settle this issue amicably, or will it be best to see them on the day - either before or during the hearing? Thanks.

Hi, Many thanks in advance to anyone who can throw some light on this please. I have a house in UK which was bought before the financial meltdown. It is now in negative equity of about 40,000. I moved to USA permanently in May 2010. I do not have any other property or savings in either US or UK and my US salary is just enough to meet my expenses here. I cannot afford to pay the mortgage on my house in UK any more and I don't have the money to pay the shortfall. Right now I am considering giving the keys back to the bank and filing for bankruptcy in UK. Before taking this desperate measure, I want to know whether UK bankruptcy will affect my credit rating in US? Also, when you file for bankruptcy in UK, will they (the receiver or the court) inform my US bank or employer about the bankruptcy? I have enough trouble in my personal life as it is and I dont want this to cost my job in US. Once again, many thanks in advance.

Hi I shall not go into my longwinded story but facts are, I have been told to make myself bankrupt or one of my debtors are going to do it for me, said it is best if i do it voluntary. I am disabled and on incapacity benefit of £102 per week, that is all i have, my debts include very large overpayments, one from concil, one from counicl tax and the other from dwp. I would like to know if i go bankrupt does this wipe everything including dwp amount? Can my benefit be affected? do they also come to your home and reposses possesions? not that i have any just basic stuff. Any help would be greatly appreciated

Dear CAG, I filed for Bankruptcy in 2010. I am now a discharged bankrupt and have been for 18 months or so. I recently checked my credit report and I have found that 4 lenders have been marking my report with a default since the date of my bankruptcy. Speaking with the credit agency, they informed me that there now should be no record of these debts as they were part of the bankruptcy in 2010. Interestingly, these 4 lenders are posting monthly defaults for some very insignificant amounts, compared to the likes of Natwest which held my business account. There is no record of this at all. The 4 lenders that are posting monthly defaults are; HSBC credit card & bank, T-Mobile and Lloyds TSB Asset Finance. I have been given advice by the credit reference agency as follows: "The information included in your credit report is provided to us directly by the lenders so it would appear that the records have not been updated correctly at their end. As we are simply custodians of this data we are not able to make amendments directly to the information we hold here – the lender first needs to make the changes at their end. To get them to do this you will need to provide the lender involved with your bankruptcy discharge papers. They will then be able to update your account information. When they have done this your credit report will be updated with the changes the next time that lender provides us with account information. This is generally on a monthly basis so please be aware that it may be a couple of months before you see these changes on your credit report." I now intend to write to the four lenders as per the above advice. could anyone tell me what key information you think I should include in the letters to get them to action and respond? I look forward to reading replies/advice.

Just had a phone call from a friend who I helped out with some debt issues a couple of years ago. She is on ESA, and does not work any more. Recently seperated from her husband, and recives a small amount of board from two teenage children who live with her (both on JSA after collapse of family business). She receievd a "Statutory Demand" from Royal Mail for a business account debt (about 9K) in september last year. She had no grounds to have it set aside, and Royal Mail would not accept a token payment, so she basically said "well, make me bankrupt then. I've no assets, no income, and shed-loads of other debts". She has received a "Creditor's Bankruptcy Petition" today, by personal service, saying she has the petition will be heard at the beginning of march. She does not intend to contest the petition, The debts which I helped her with a couple of years ago (which all have ignored CCA requests, but no PPI) total arond 30K (not including the Royal Mail one) Debts are nearly all related to setting up a business with her husband which was never very successful, and trying to keep it afloat - some of the other debts are joint, and husband has around the same amount of personal debt - he is on short-term sick whilst recovering from a bowel operation in November. Questions... Does she have to attend the court on this day? What information will she need to take? Will she need a solicitor to attend with her? Is there any other information which I should pass on to her? Thanks

Help/Advice needed.... PLEASE!!!! My soon to be ex husband was declared bankrupt in 2010. The OR has revested the property to him and I (jointly owned and negative equity). I have paid the mortgage and secured charge by my own means for nearly 3 years now. We are going through divorce and he has agreed for me to have the house as we have children. He wants a clean break and wants his name removed from the mortgage and secured charge. Neither company will do this and I would not be approved for refinance, despite paying it on time for 3 years! I dont know why they wont as they cant now go after him should any liability arise because of his bankruptcy. I need to get a consent order for the divorce in relation to the house. Is there anything I can get put in the order to state he has no interest etc or am I between a rock and a hard place? Just want an end to it all now. He has left me in debt with 2 children and pays pennies in maintenance cant even be bothered to see his children and has NEVER met his son. Just need shot of him for my peace of mind and to look forward to mine and my childrens future!!!

Hi i recently claimed ppi from a loan company and won but i have run into a couple of problems. Can anyone confirm the following for me. Firstly is it correct that even though my bankruptcy order was discharged from bankruptcy in 2009 and when i claimed the ppi i was accused by the insolvancy people of with holding funds. secondly when i filled in my paperwork to go bankrupt it included the company i claimed the ppi against . The ppi was on loans that were paid in full but because i owed the company money from a loan i included in my bankruptcy the took the money i claimed and took if off the ballance owing is this correct ian

Hi there I have posted about this debt on the debt forums but now I just want to know what will happen on the 14th. I have not been served with the petition as yet - they said they were not in my area at the time I said I was available and have sent the petition back to the creditor. I have paid £600 and made a payment arrangement with the creditor and I have paid the first months payment. I can not reach the bankruptcy clerk on the phone as he is never at his desk. So what will happen on the 14th? Thanks

Hi Guys, Any help or advice would be much appreciated. I am an admin nightmare (typical salesman) Brief history is that the property was let out over 2009/10 which they are chasing the below monies for. I had tenants in at the time and have sent the tenancy agreements through.. What can I do? I have approx £750 I could lay my hands on asap.. will they accept payment plan at this stage? Further to your below email, without sight of the tenancy agreement you will remain liable for the Council Tax owing. Can you also clarify the tenancy agreement for xxx "my tenant" the property details state xxxxxxxx "tenants old address" and not xxxxx "the property let" unfortunately without the correct property address the tenancy agreement is not acceptable. Currently there is £2,324.53 owing on the account which if payment is not received, Milton Keynes Council will commence either Committal Proceedings or Bankruptcy proceedings to recover the debt owed. Both these proceedings incur significant costs of which you will be liable for. To avoid debt recovery proceedings please make a payment immediately. I await your payment Regards

Hi I have been reading various threads on this forum with interest but need to know if anyone can clarify dates for me with regards to the limitations act and statute barred debts. I know if a County Court Claim is issued within 6 years then it is valid. However the creditor (Lowell Portfolio 1 Ltd) has jumped straight to a Bankruptcy Petition. My last payment for the debt was in July or August of 2006 and since then I have not paid towards or admitted the debt. In June 2012 a Statutory Notice was served on me personally, though I was asked for no id and no signature. I did not respond. This was served it appears (though records are fuzzy going back 6 years) just within the 6 year period of when I last paid/admitted the debt. In September 2012 the petition was presented to the court which is outside of the 6 years. The hearing date is in December. National Debtline believe the 6 year limitation is from the date I last paid/admitted the debt to the date of the hearing which is outside of the 6 year period. The date the petition was presented in September was outside of the 6 years. But the date the statutory demand was personally served was within. So is the debt Statute Barred??? Interestingly the Petition itself was posted and served personally, but the Statutory Demand was only served personally, no letter.

Hello, I am looking for some advice regarding a mortgage I have in the UK. My wife and I emigrated to New Zealand in October 2009. We are British citizens with permanent NZ residency. I have a 100% mortgage held by Northern Rock Asset Management. We are in negative equity and, although the flat is rented out, we are losing money on it every month and it's looking like it will be a bottomless pit. It's getting to the point where I'm considering not paying the mortgage any more and letting NRAM repossess the property. If this happens NRAM will not gain enough through its sale to cover the mortgage. Our mortgage is about 175,000 UKP and the property is probably worth 160-165,000 now. With costs incurred through selling, I imagine the debt could be about 20,000 UKP... though that is pure speculation. If I did decide to do this I'd write to NRAM giving them my NZ address in the hope this prevented DCAs hassling my wife's parents in the UK. In October this year we will have been out of the UK for 3 years. I understand from these forums that after 3 years I cannot have a county court judgement or bankruptcy issued against me in the UK as I will be judged to be non resident. My understanding is that because we won't be a part of the UK legal system the case could not be transfered to the NZ legal system under reciprocity agreements as the case has to be initiated through the UK courts - and because we're non residents this can't happen. I did read this on a debt advice forum: I am a self employed web developer and I occasionally still work with UK clients. They pay into my UK bank account and I transfer it to NZ. Would this count as having 'business interest in the UK' and therefore leading to action against me initiated from the UK? Whilst I did do freelance development work when I was still in the UK I didn't have a company set up. Now we are looking to buy a (very, very cheap) property in NZ. Would that affect a DCAs decision on whether to chase the debt (even if it would be, I assume, illegal for them to do that)? Thanks, in advance, for any help.

Hi Can anyone tell me what debts are not covered by BR , e.g DWP, HMRC

Please could someone advise me about my issues. I've already spoken to CCCS and was told that my options were either bankruptcy or token payments. Background: Currently working part time and earning just enough to cover a "low" budget according to CCCS's standards. Had health problems, including hospitalised. Now I need to get into a career which will allow me to work for the next few decades. Debt: Approx £28K over 6 credit cards (highest is £6k, lowest is £2.5K) and 1 overdraft. I was advised that I need to be in a position to pay the debt off in under 10 years so CCCS won't sort out a DMP for me.In my case, what I really need to do it pay reduced for around 4.5years. Then I'll be in a position to be making larger payments. In 6 years I need to co-sign for a re-mortgage of the family house. Currently NOT in my name in anyway. All debts are on my file with Equifax and most likely enforceable. Question: At the moment the only attraction for token/DMP is that I can keep two credit-rebuilder cards to boost my credit over the next 6 years. However if I risk getting some random default say 3 years from now if the bank sees my CR file and doesn't like me using it, then my record is tarnished for 9 years, not 6! I also wanted the option of using the credit card due to the inherent protection against fraud, purchases over £100 etc. Eventually I was planning on CCA and SAR'ing all of them as I set aside money each month for postal orders. I should have made a thread on here earlier and forgone the waiting time for CCCS appt. On the plus side, I now now for certain that I'm not eligible for any benefits or support from the State. Questions below and in earlier paragraph with “question” in bold. Do you think the creditors will accept token payments until July 2017, higher reasonable payments thereafter and consider that a DMP and not default me? CCCS said that they aren't able to negotiate that kind of variable DMP at the moment. I'd of course be frank about my health issues, how I'm studying pt time then fulltime, difficulty finding more work at present etc. However CCCS said that the banks probably won't care about my personal circumstances nor accept a DMP on such a low level of repayment (without defaults on my record and/or passing it onto an agency. Agency might accept it though...). so...DMP, bankruptcy, IVA, token payments or what? Thanks

I had appeared in court today and lost a fast track claim, unfortunately for whatever reason a costs order was party granted to the other side. The costs order is for £13,500 - as I was leaving the court I was approached by the other sides council and was told that they will enforce it and take it all the way to bankruptcy. In terms of background I only have two assets, my home and my car, nothing else and I don't have any money to pay the claim whatsoever as I haven't paid any court fees either. I just wanted to find out what I could do? Any suggestions?