I have a bankruptcy hearing next week and need to ask a couple of questions.
Firstly some background
I am self employed and became ill in 2003 with a number of clients, all but one were ok. I managed to deliver orders but some were a little late due to the illness. One chap decided after I had struggled to finish that he no longer wanted and we went to dispute. he claims I wasn't ill, lying etc and the courts have agreed.
As i was then on benefits I offered repayments but was turned down. i offered to sell teh items to give him the money back but he held on to them for 7 months before I got them back (after he'd sent the bailiffs around) and he refused anyway
He has now issued a statutory demand and we have a hearing next week. My bill to him is £1200 + £500 court costs as he stayed in the most expensve hotels for 2 nights for each hearing. My other debts come to approx £14,000 so he is doing me a favour as I have been struggling, paying toward them each month so will ahev more money to spend. I am still on benefits (DWTC, HB &CT) as I have a long term illness which is not yet controlled enough to let me work full time, and I live in a council flat. I really cannot see what he hopes to gain by this except to teach me lesson
Firstly how long after the hearing will the bailiffs come round, do I have to let them in, do they have to have an appointment. my car is worth about £250 and as I now have difficulty walking will they take it and how likely are they to be difficult in taking things of little value just becasue they can. Will they search lofts and basements etc in case I ahev things hidden, who pays the costs of the bankrutpcy, me or him
The only real assets I have are the books I need for work and fabrics which I squirrel away when I find bargains that I know I will need one day, as well as the usual amount of LP's and dvd's which I need for work, can these be taken, I need my PC for work, as well as some decent i8thc style china and some costumes which I also use for lecture purposes.
Will my bank account be frozen straightaway and how soon/easy is it to reopen a new one or have it unfrozen (only a basic online anyway
Any help greatfully appreciated