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[ChloeLouise]

More Questions

Hiya
I have a couple more questions after reading some posts and wondered if anyone could help......

My Husband is a self employed Driving Intstructor and after we both declare ourselves bankrupt next week he is hoping to continue....i realise that there may be some restrictions but i am under the impression that as long as he trades in the same name then it should be ok, is this right?
Also He has a mobile contract which is not in arrears and also Braodband and home phone, all of which he needs for his business, will these things be taken away?

thanks xx

[Piston broke]

I doubt it, but there is always the possibility that you might. Depends entirely on the OR.

We didnt lose ours, broadband or phones.


Geoff

[turbochippy]

Just to let you know that i am a self employed carpenter and have carried on with my business despite my bankrupsy on the 25th of september. The only thing i am having problem with is setting up a business account now i am bankrupt. (They dont want my money for some reason) Just to reassure you They cannot take away your means to earn money and this includes your husbands driving instructor business. there is a limit to what he can earn before they impose an attachment to earnings type scenario but you should be fine. I have kept my server, computer, fax machine, mobile phone, broadband, home phone and van etc!!! as i need them to run my business. The hope is that you will learn to manage your money better in the future, not take away everything you have and leave you with nothing. At the bankrupsy hearing you will hand your petition to the clerk with your £500 and he/she will take this to the Judge. The judge may want to ask a couple of questions or he might not (in my case). Then you are bankrupt. (Nothing to get worried about) Keep your chin up and let me know if you have any worries about next week.
P.S. Yes he will have to trade with the same name. I used to be say Turbochippy T/A such and such Carpentry but now i can change to Turbochippy T/A New Carpentry.

[ChloeLouise]

you have all been so kind thank you xx Only 3 more days to go until we are offically BR! x Will let you know how i get on x

[Piston broke]

Keep us informed on how you get on and how you feel afterwards.

Good luck for your new future.

[turbochippy]

Please, Please, Please, Make sure and reseach your bank account situation post BR. DONT BE STUCK IN THE SITUATION I AM IN AT THE MOMENT!!!!!! (Can earn money no problem but no bank account to put it in)

[lyonsmc]

Have you tried to open a Coop cashminder account worth a try!!!!!!