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New Bankruptcy law (no court appearance, all done online) £680.00 (payable in instalments)

£680.00 @ GOV.UK
Probably one of the weirdest deals that will ever feature on a deals website! not many people know that Bankruptcy rules have recently been changed, and now it is easy and stress free to do, it all g… Read More
Aeschylus Avatar
4m, 4w agoFound 4 months, 4 weeks ago
Probably one of the weirdest deals that will ever feature on a deals website!
not many people know that Bankruptcy rules have recently been changed, and now it is easy and stress free to do, it all gets done online and the fee has been reduced to £680, in two days you get your certificate...

I am not advocating doing this, this should not be treated a a magic bullet, as even though they say it only stays on your record for 6 years, you will almost always be asked if you have ever been declared bankrupt if you apply for any credit.... however for some people who are so snowed under in debt, this is the only way out

always seek financial advice before doing this as well
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Aeschylus Avatar
4m, 4w agoFound 4 months, 4 weeks ago
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Top Comments

(5)
42 Likes
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.

And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?
14 Likes
As Scoffer said, some people may find themselves in debt for various reasons, another one of which can be high costs arising from long term illness such as cancer i.e loss of wages, cost of special auxiliary needs not covered by NHS, transport to and from treatment centres. It's clear from some of the comments in this thread that some people do not understand what goes on in the real world. Deal voted hot.
11 Likes
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.

£65,000 a year to imprison someone for a year on average.... so yeah that idea makes sense

Edited By: Aeschylus on Jan 23, 2017 10:34
8 Likes
jrw
mrty
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.
And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?
I don't buy stuff unless i can afford it. IE the money is in my bank. The only 'debt' I have is a mortgage. If I couldn't keep up the payments on that i would sell up and buy a smaller house or move in with friends etc. If I need a loan, I won't have one unless I can afford to pay it off in the event i can't afford the payments....ie sell the car i had the loan for to cover the payments.
Most debt is down to greed and this throw away society. Very few cases are genuine and most are just out for what they can get. I get that things can be hard for people etc but when you see these people on the TV that are having to go to the food bank every week because they are living in poverty it makes me livid because they always have multiple kids, are always single parents, have a dog, a cat, a parrot, leather settee, latest TV and Sky. No idea of the word poverty.
You should be ashamed of your judgmental attitude, especially after mrty has been so open about his circumstances and has explained that it's not all about irresponsibility and profligate spending. Good for you that you have it all sussed, I just hope you never have to deal with adverse circumstances cause many to find themselves in incredibly difficult situations.
5 Likes
Excellent, let's make it even easier for people not to take responsibility for their finances.

All Comments

(181) Jump to unreadPost a comment
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#1
The Nanny State at its finest.
5 Likes #2
Excellent, let's make it even easier for people not to take responsibility for their finances.
2 Likes #3
Great. Spend beyond your means, & the mess you create is now even easier/cheaper to sweep away.
4 Likes #4
sooooooo....the reason some people will want to go bankrupt is because they have no money and owe alot...and you have to find £680 to actually go bankrupt.... anyone else see the bonkersness of that
2 Likes #5
bintasaurus
sooooooo....the reason some people will want to go bankrupt is because they have no money and owe alot...and you have to find £680 to actually go bankrupt.... anyone else see the bonkersness of that
Yes, it is crazyville.
#6
worst deal ever.
2 Likes #7
bintasaurus
sooooooo....the reason some people will want to go bankrupt is because they have no money and owe alot...and you have to find £680 to actually go bankrupt.... anyone else see the bonkersness of that

the cost is there to pay for the scheme, if the tax payer was paying for people to go bankrupt then the daily mail would be in uproar
4 Likes #8
Agree with comments already made but some people may find themselves in debt for various reasons - including extortionate interest rates on loans so debts constantly increase, so for some people this may be worth knowing and I would imagine as op says bankruptcy can have a lasting effect on credit rating, insurance premiums/cover etc so I would think it's not something people should see as a "quick fix" or a way of "sweeping away" the mess they are in.
5 Likes #9
Mada06
Excellent, let's make it even easier for people not to take responsibility for their finances.

rightly or wrongly, the idea behind this was that the Government felt making people attend court made it seem like a criminal matter (which it never was, it was always a civil matter) so I can see that logic
4 Likes #10
scoffer1
Agree with comments already made but some people may find themselves in debt for various reasons - including extortionate interest rates on loans so debts constantly increase, so for some people this may be worth knowing and I would imagine as op says bankruptcy can have a lasting effect on credit rating, insurance premiums/cover etc so I would think it's not something people should see as a "quick fix" or a way of "sweeping away" the mess they are in.


Would that be those "extortionate interest rates" that would clearly be stated in the terms of any credit agreement. Stupid people should stay well away from borrowing money......
14 Likes #11
As Scoffer said, some people may find themselves in debt for various reasons, another one of which can be high costs arising from long term illness such as cancer i.e loss of wages, cost of special auxiliary needs not covered by NHS, transport to and from treatment centres. It's clear from some of the comments in this thread that some people do not understand what goes on in the real world. Deal voted hot.
42 Likes #12
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.

And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?
#13
its been like this for a while....
1 Like #14
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.
1 Like #15
mrty
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.
And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?

Totally agree, people can be in debt for many reasons other than living beyond their means, some people think what they want to think, regardless of logic it seems by the negative comments.
I'm glad you found a way through your troubles mrty.
1 Like #16
Too many people are quick to criticise others and unless they are "in their shoes" don't know how desperate things can be for some. and whilst LPKLPKKPK is correct in saying that the terms are set out in agreements some people, for whatever reasons, may not read them properly or understand the implications and as others have said some fall on really hard times through no fault of their own so maybe more tolerance needed from some folk?
1 Like #17
mrty
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.
And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?

I don't buy stuff unless i can afford it. IE the money is in my bank. The only 'debt' I have is a mortgage. If I couldn't keep up the payments on that i would sell up and buy a smaller house or move in with friends etc. If I need a loan, I won't have one unless I can afford to pay it off in the event i can't afford the payments....ie sell the car i had the loan for to cover the payments.

Most debt is down to greed and this throw away society. Very few cases are genuine and most are just out for what they can get. I get that things can be hard for people etc but when you see these people on the TV that are having to go to the food bank every week because they are living in poverty it makes me livid because they always have multiple kids, are always single parents, have a dog, a cat, a parrot, leather settee, latest TV and Sky. No idea of the word poverty.
11 Likes #18
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.

£65,000 a year to imprison someone for a year on average.... so yeah that idea makes sense

Edited By: Aeschylus on Jan 23, 2017 10:34
2 Likes #19
Talentless 'Celebs' like Kerry Katona have gone bankrupt twice but still seem able to go on multiple foreign holidays each year - there is something radically wrong with the system when people like her can just walk away from her responsibilities. I know there are many people who turn to bankruptcy as the last resort and hate doing it but there are many others who just use it to avoid paying their debts - the system really needs to be changed.
1 Like #20
mrty
but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?

Burying your head in the sand and ignoring the problem is not the solution.
2 Likes #21
HOT! Bye bye student loans, later suckers
#22
scoffer1
for whatever reasons, may not read them properly or understand the implications

Who is at fault for that? No financial agreement is forced down one's throat.
#23
Sick of these safety nets! Work hard as rest of us, pay your dues and spend what you actually have!

Edited By: adi0604 on Jan 23, 2017 10:42
#24
so u take a loan out to pay for the bankruptcy fee and then get the debt wrote off? seems like the government is deliberately passing the cost on to business. most of the time small lenders.
#25
adi0604
Sick of these safety nets! Work hard as rest of us, pay your dues and spend what you actually have!

So you're in favour of privatising the NHS then?
8 Likes #26
jrw
mrty
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.
And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?
I don't buy stuff unless i can afford it. IE the money is in my bank. The only 'debt' I have is a mortgage. If I couldn't keep up the payments on that i would sell up and buy a smaller house or move in with friends etc. If I need a loan, I won't have one unless I can afford to pay it off in the event i can't afford the payments....ie sell the car i had the loan for to cover the payments.
Most debt is down to greed and this throw away society. Very few cases are genuine and most are just out for what they can get. I get that things can be hard for people etc but when you see these people on the TV that are having to go to the food bank every week because they are living in poverty it makes me livid because they always have multiple kids, are always single parents, have a dog, a cat, a parrot, leather settee, latest TV and Sky. No idea of the word poverty.
You should be ashamed of your judgmental attitude, especially after mrty has been so open about his circumstances and has explained that it's not all about irresponsibility and profligate spending. Good for you that you have it all sussed, I just hope you never have to deal with adverse circumstances cause many to find themselves in incredibly difficult situations.
#27
Vanderlust
So you're in favour of privatising the NHS then?

It's already privatised.
3 Likes #28
sheesh,feels like I'm in the Daily Mail.People can be working hard, paying there "dues"....then suddenly things change,loss of a job, divorce,illness etc etc....Yes there are people who should take a bigger responsibility,but there are others who are less fortunate,and are in debt through no fault of there own
1 Like #29
brendanhickey
so u take a loan out to pay for the bankruptcy fee and then get the debt wrote off? seems like the government is deliberately passing the cost on to business. most of the time small lenders.

Bankruptcy is done when you can no longer pay these people, the general idea is that you are so succumb to debt that there is no possible solution in sight, so those lenders are never going to get there money anyway, as rule number 1 is when in debt you pay secured debts first (as they are the ones that can do you real harm)

just like any system, there will be those who abuse it, that does not mean we punish those who need it.... reading this thread makes me think half you you would give these people public lashings....
[HUKD Deal Editor]#30
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.

It costs £40,000 a year to house a prisoner. Who's that method benefiting?
#31
BuzzDuraband
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.
It costs £40,000 a year to house a prisoner. Who's that method benefiting?

The people who have never gotten seriously ill or lost their jobs, and if you look at the future (10 to 20 years time) with the threat of automation, a lot of these (punish those who need help) people are about to find out how life can mess you up in an instant

Edited By: Aeschylus on Jan 23, 2017 10:59
[HUKD Deal Editor] 1 Like #32
Aeschylus
BuzzDuraband
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.
It costs £40,000 a year to house a prisoner. Who's that method benefiting?
The people who have never gotten seriously ill or lost their jobs, and if you look at the future (10 to 29 years time) with the threat of automation, a lot of these (punish those who need help) people are about to find out how life can mess you up in an instant

So as a society we're going to spend £40,000 to punish somebody who owes £5000?

No wonder we need threads like this.
1 Like #33
m5rcc
scoffer1
for whatever reasons, may not read them properly or understand the implications
Who is at fault for that? No financial agreement is forced down one's throat.
I agree - and incidentally I am fortumate that I can afford to "live within my means" and have the intelligence to read and understand the small print - but I can empathise with people who, for whatever reasons, struggle because of circumstance and in some cases possibly problems understanding the jargon often found in credit agreements - sadly not everyone is capable of A* - C at maths and English GCSE but that's possibly another debate!
1 Like #34
SFJnet
jrw
mrty
Hmmm, all very good being pious but sine people have financial difficulties through no fault of their own. I have been there, and the state doesn't help you no matter what you see on television. I worked 50-60 hour weeks, for over 20 years. Paid taxes and national insurance. I got made redundant (Married, with 2 children. 1 with special needs), found part time work (all that was available) begged and grovelled to get financial help - equivalent to working family tax credit . A few £s a week. I then got injured in an accident and was 'unemployable'. Insurances dodged the issue. I had credit and debit cards and a loan that I had taken out when I was working full time. I couldn't make the payments.
I was seriously contemplating suicide. It was that stressful.
If this had been available then I would have taken it. In a heartbeat!
Things worked out after a few years and now we are 'ok'. But I could (so could my marriage) have done without all the stress.
SO HOT FROM ME.
And all those pious people need to stop and think...some of the people who need this help, genuinely need it. There are abusers but why should the genuine people be condemned to a living hell, frightened to open the door, to open letters?
I don't buy stuff unless i can afford it. IE the money is in my bank. The only 'debt' I have is a mortgage. If I couldn't keep up the payments on that i would sell up and buy a smaller house or move in with friends etc. If I need a loan, I won't have one unless I can afford to pay it off in the event i can't afford the payments....ie sell the car i had the loan for to cover the payments.
Most debt is down to greed and this throw away society. Very few cases are genuine and most are just out for what they can get. I get that things can be hard for people etc but when you see these people on the TV that are having to go to the food bank every week because they are living in poverty it makes me livid because they always have multiple kids, are always single parents, have a dog, a cat, a parrot, leather settee, latest TV and Sky. No idea of the word poverty.
You should be ashamed of your judgmental attitude, especially after mrty has been so open about his circumstances and has explained that it's not all about irresponsibility and profligate spending. Good for you that you have it all sussed, I just hope you never have to deal with adverse circumstances cause many to find themselves in incredibly difficult situations.


IT wasn't aimed at him but he did mention credit card debts and loans so it's living beyond your means.

I have it sussed and will never be in that position because I put my own safety nets in place so I don't have to rely on benefits and bail outs. It's not a judgemental attitude, it's fact. Most people who end up in debt live beyond their means. I've worked in finance most of my life so I see it day in and day out.

Benefits Britain seems to be alive and well on here jumping on someone who dares to speak the truth.

BTW, I don't read the daily mail either.

Seems nobody knows how to save money nowadays. Buy now, worry about it later seems to be the order of the day.
#35
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.

And what about hte other end of the scale? Companies that bump up prices of essentials (oil & gas?)
How about punishing those responsible for the weaker pound meaning less to spend on groceries and other essentials? Why not imprison those first instead of targeting the weaker person...
#36
scoffer1
I agree - and incidentally I am fortumate that I can afford to "live within my means" and have the intelligence to read and understand the small print - but I can empathise with people who, for whatever reasons, struggle because of circumstance and in some cases possibly problems understanding the jargon often found in credit agreements - sadly not everyone is capable of A* - C at maths and English GCSE but that's possibly another debate!

That's why places like the CAB or the Money Advice Service exist for people to use, for free, to get unbiased/independent information on such financial agreements. I don't think this country can be accused of not having information to hand.
#37
jootboo
HOT! Bye bye student loans, later suckers

Unlucky, student loans are one thing that are exempt from bankruptcy, it will stay with you as per the loan agreement and be taken off you when you earn enough, even after bankruptcy. Linked to your NI number.

7.2 What happens to your debts
You’ll be freed from your debts once your bankruptcy has ended, except for:

debts gained by fraud
money owed under family proceedings (maintenance and lump sum settlements)
damages payable to anyone for personal injuries
student loans
court fines
debts created after the bankruptcy order
1 Like #38
Having had to make myself bankrupt nearly Ten years ago now. Going to court at an already stressful time to do it was awful. This process would have taken some of the strain out of it, and maybe I would not of had to step down from the bigger job role that I was doing. I've not read all the comments on hear but some that I have are far too generic and judgemental about other ppl, without knowing any of the facts! If anyone is in this situation, this sounds like a better process than I had to endure those ten years back..... HEAT
#39
Aeschylus
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.
£65,000 a year to imprison someone for a year on average.... so yeah that idea makes sense

If we think like that then why put anyone in prison?
#40
BuzzDuraband
donaldduck2
A year in prison for every 5000 owed when you go bankrupt would work better as a deterrent. Make people responsible for their own actions and stop going soft.
It costs £40,000 a year to house a prisoner. Who's that method benefiting?

Is it £65000 or £40000?

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