Debt Help Direct

[yellownana]

I'm using the above company to go Bankrupt. They are charging me £1200, which i know a few companies do.

They seem keen to get the money, which i suppose is only to be expected.
Anyone heard about them or used them? Or even got any info on them as to whether they're reputable or not.

Thanks

[sandyRoe]

Have you contacted the Citizens Advice Bureau? I doubt if they'd charge so much for help and advice.

[yellownana]

They are actually taking me thru the process of filling out the forms and contacting the court etc..
They're doing all the work for me really... I'm not paying for the advice.. :-)

[northernmonkey]

lol PAYING £1200 to go bankrupt?
must have more money than sense !!!!
CAB - go there!!

[themas]

These people make their money out of those who - like you - are unfortunate enough to have to go bankrupt. You do NOT have to use them. There are free services out there which can do the same thing for you (it is not really complicated). Either go to your local CAB or call CCCS, or find out from your local authority whether there is any other free debt advice service in your area.

Incidentally, is the £1200 just their fee, or does it include the £150 cost for the Court fee and the £450 for the deposit? Even if it includes them, the remaining £600 is a ridiculously large sum to do what is essentially a pretty straightforward task. (It may not seem such to you, but for people who do it as part of their job it really is!)

[society]

You are paying out money to declare bankruptcy? Well I never....

[themas]

Just to add, if you can find £1200 for these people you might find that, once you are bankrupt, you get questions from the Official Receiver about how you raised the money. If you borrow it from friends it could be argued that you obtained credit when you knew you couldn't pay it back (which is an offence) so you would have to make sure the friends knew exactly what you wanted the money for and accepted it. Also, you are not allowed to repay the money while you are bankrupt so they would have to know that as well.

[northernmonkey]

sounds like yellownana is using "bankrupcy" as a solution to all his/her debts .. ?

[factor-fiction]

I don't know how bankruptcy works but it does not seem right to me that the creditors lose out on a further £1200 because a debtor pays that to a company to help him/her go bankrupt. If you have £1200 to pay this firm why not use it to pay off some of the debts?
As far as your question is concerned I agree with the other responses. Try CAB or CCCS (but make sure you get ther right one- there is a company that has deliberately chosen a very similar name to CCCS that should be avoided)

[hc4361]

It should not cost you more than £510 to declare yourself bankrupt; £360 if you have a very low income.

[hc4361]

http://www.direct.gov...ankruptcy/DG_10023215

[themas]

The £360 part of the cost is out of date. It went up to £450 on 6 April.

[another-view]

There's no wonder you are bankrupt paying £1200 to every con artist you meet.

[northernmonkey]

I'll give you discount and charge you under a grand! £999.99

[yellownana]

A lot of smart ar$e answers from financial advisors i see :-P

I can pay it in installments, which is one of the reasons i have opted for it.

It means i don't have to do all the work of filling out forms and keeping the companies i owe money to off my back. Also, it does include all the fees.

THanks

[bobjugs12]

So, not only are you financially irresponsible, but you're lazy as well.
Jesus your an inspiration to us all.

[DrFilth]

i am to poor to be made bankrupt

[yellownana]

It's funny the assumptions that you make based on a few lines of text. I didn't ask you to analyse my personality. If you think it's lazy, then good for you. I asked advice on the bankruptcy being through a company, not your own personal thoughts and feelings.

It's best for me, so keep your cheap thoughts and opinions to yourself.....

Thanks

[jakethompson]

I did the same through Debt Help Direct and found that it completely took away the stress and pressure of being in debt, It was the best thing I ever did I could finally sleep at night, I just could not face dealing with this all my self and the advisor understood and helped me through the entire process. I went to the CAB and they kept mis advising me and could never speak to them when I needed help with anything. I very much reccommend you get your facts right before jumping to conclusions.

[James10001]

I am thinking about using debt help direct to help me with my bankruptcy also. The paperwork is long and complicated and i want to make sure i get it all correct. I only made the enquiry the other day via their bankruptcyclinic site and i think it is worth paying the extra to get it all done correctly.