AA99 & Bankruptcy

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You would each need to pay the OR's deposit of £360. There is no getting out of that one.

 

If you are on certain benefits, or have a gross annual income below a certain level then you may be exempt from paying the additional £150 court fee that is payable on top of the above.

 

The exempting benefits are:

 

• Income Support

• Income based Jobseeker’s Allowance

• State Pension Guarantee Credit

• Working Tax Credit but not in receipt of Child Tax Credit

• Income-related Employment and Support Allowance

 

It is explained here if you can manage to wade through it all: http://www.hmcourts-service.gov.uk/courtfinder/forms/ex160a_e.pdf

 

Thinks carefully, but if you do go down this route then you are far from alone. ;-)

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I think 1 year is now commonplace??

 

You are now discharged automatically after one year.

 

If your case is fairly straightforward and the admin can be done quickly then you may get Early Discharge.

 

Technical: IEL Reference Guide: DISCHARGE

 

The quickest possible for that under the regs is just over 5 months.

 

Basically, expect to go the year and if you are discharged earlier that is a bonus.

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To be honest, I think I have now seen literally hundreds of people in your position go through bankruptcy and I am seriously struggling to think of anyone where it in itself has caused a problem with a landlord/tenancy (bankruptcy clause or not).

 

What a landlord cares about is that you pay your rent after all.

 

There is a good argument that once you are rid of your debts, you will find it easier to make your rent. In some ways a BR is a good bet, since they don't have debts to service.

 

Since you have also been there 6 years in good stead I find it hard to imagine a problem.

 

Once you go BR you can also ask the OR if they would mind not contacting your landlord. S

 

ome will agree to this if you can show them the tenancy agreement and that you are up to date with it.

 

Some just won't agree full stop.

 

It is a nit of a lottery, but does no harm to ask.

 

Hope that helps.

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Regards the fees. Here is some advice posted by NorthEast Derbyshire CAB elsewhere:

 

For those who have taken proper advice and decided on bankruptcy as the long term option for dealing with their debts, it is often difficult to raise the necessary fees. It is our experience that any delays in raising the fees for bankruptcy can often prolong the stress and suffering for those with overwhelming debts.

 

For anyone in this position, there are a number of charities and organisations that may help with Bankruptcy costs and fees depending on eligibility. Examples below.

• Severn Trent Trust Fund and other water trusts
  
• EDF Energy Trust
  
• Royal British Legion
  
• Some Trade Unions
  
  • Trades Union Congress
    
  • Union Finder from Worksmart
    

   

  [*]Turn2Us enables you to search for charities

Please note you will usually need the assistance of a recognised Debt and Money Advice Worker in completing applications relating to the above.

 

Also, please be aware that any applications to the above may take a number of weeks and are not guaranteed to be sucessful, however we know of many successful applications so it may be worth a try.

 

Wishing you luck, NEDCAB.

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It is a long shot admittedly, but I know a few people who have had their fees paid.

 

If you have no feasible alternative it might be worth a go.