Showing results for tags 'bancruptcy'.
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http://www.crowdfundinsider.com/2016/01/80598-trustbuddy-bankruptcy-lenders-to-pay-25-on-recovered-claims/ I am a lender with TB. My money is invested in Finland. I have received several letters from the Swedish administrators. The latest appears to offer an agreement to buy the loans from a debt collection agency. I can't understand most of what they are saying because some of the docs are in Norwegian. I have tried writing to the administrators, but have not received any response to date. Anyone else in a similar position? Not sure what my options are....
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a quick summery , conditional sale agreement taken out with them 26/11/2014 around £13k total i think monthly payments £217.58 only got certain parts of my agreement with me as I've mislaid them, not up to 1/3 payment, that amount is £4279.07 had the car from november 2014 only had 1 late payment due to bank account change issue and so far all up to date, i rang them in april and explained my circumstances have changed and i can no longer afford the payments and asked if there anything they can do to help, the guy on the phone changed my dd payment date- i sort of got a month off payment, which in the agreement i can do this anyway, I'm self employed and been though a bad patch since i had the car, and obviously got crap credit as I've turned to them in the first place. I'm around £25000 in debt without the car been added on and the situation is now dire, I'm getting behind on my rent and council tax payments and the payments i make on the car would be better used to pay more pressing arrears. whats the best plan for me to return the car to moneybarn? im not going to lie, ill either be in forced or voluntry bankruptcy by the end of the year as its got to much to ever pay back and survive with the money i earn. just need some advice on where to go
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the debt is not disputed. it was approx £3400 balance of a business debit with a food provider. their dca 'offered' a payment plan of £500pm or bancruptcy, which i managed for 2 months even though i explained the business was closing and i had no income - not even for my priority debts. i then asked for a lower plan of 100pm but they wanted more 250, but took 200, so again i limped along. not paying any off the other business debts as they werent chasing or threatening bankruptcy! i have not made payment for the last 2 months, so the other day received dca letter of impending bankruptcy proceedings for the balance of £1654.67 [this includes late payment and interest to date of £240]. i have now received an email from the Food provider directly, saying they have exhausted avenues etc etc; and notice i have a property registered in my name. so my question is this.... if they force bankruptcy, presumably they cant have a charge on the house - as it will have to be sold? plus if they do force their debit, at 1600 is a small drop compared to the other creditors in excess of 11k utilities and 10k business rates, so they would lose out in the % in the £ ratio. if they go for the charge - INSTEAD of bankruptcy - can i ask for a non-interest bearing charge? thoughts and advice welcome please. i am going to reply to the FOOD supplier first as i hope their email is a sniffing around for a better option that forcing bankruptcy etc. thanks.
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- bancruptcy
- property
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