"I never thought I would go bankrupt." "Can I still pay my creditors back after my bankruptcy, if I come into money?" What will the courts be like? "Will there be a lot of people in the courtroom?" Is there a jury? "What should I wear?" You will be with me, right? "Will anyone be angry with me during my bankruptcy hearing?" Will I go toPrison?

We had exactly all the solutions for ever out of debt and bankruptcy, it was still saw as the solution to Paul's debt. I had feared, and later to all his questions and four weeks we were in a coffee shop about 200 meters from the local District Court building is running on a few points for Paul's bankruptcy eliminated standing hearing.

Hearing before the bankruptcy

As we sat drinking coffee, we both went over the 36-page document that we had filled out,Hearing for the bankruptcy. It was filled in triplicate by the English and Welsh courts demand.

"It looks good, but also frightening look at your financial life in these pages," said Paul.

Looking back over the document it was still clear that bankruptcy was the right option for resolving Paul's debt.

Paul was still a little nervous, as it is, of course, we are on the "running order" for the next 50 minutes or so. This helped calm the nerves of bankruptcyand no further questions we went, what Paul told me a 200 meter long seemed to the courts.

At the bankruptcy courts

I'm always the security check at the airport on arrival at a bankruptcy court recalled hearing. Sometimes you have to walk through the airport style metal detector and then the magic wand, you should have bad luck in order to hear the alarm beep.

You know, I have never seen it done through the metal detectors at any time without bankruptcy court metal detectorsAwakening! This was much to amusement of Paul, as I already warned him, but it helped lighten the mood and the guards were as jovial about the whole matter.

Dignity intact and key again collected, we went to the bankruptcy clerk desk.

The bankruptcy clerk

We are greeted by the door with the words "No Mr. Smith, all of this were to be filled in correctly before seeing a judge."

There was some poor guy who was on his second visitthe courts are trying to do his own bankruptcy documents. They are not so easy if you take much time and effort to make everything right.

Poor old Mr. Smith was swells near breakdown like tears in his eyes. He was asked to sit down and fill his documents during the bankruptcy clerk visited Paul and me.

"You're back," the clerk recognized me bankrupt. As they do so, with 10,000 bankruptcy cases a month in the UK I'll never be sure, but thenthe bankruptcy court is practically my second home in those days.

It only took a few minutes and three questions to the bankruptcy clerk, that everything was in order to satisfy. She commented "It's nice to be able to read documents, you should see that some of them to come here."

We paid 475 pounds in bankruptcy court fees and she went on a receipt for book to get.

Paul and I took a seat next to Mr. Smith and I introduced myself and handed him a business card. After a brief chat Iwas leafing through the pages, which he had filled out. Insolvency was clearly the wrong option for this guy and I suggested that he wait for about half an hour, so we chat about some other options. Paul vouched for my services and I gave Mr. Smith a fiver for a coffee again in the cafeteria, we had just come from. I placed my order of the bar for about 5 minutes before I arrived there.

To say he was stunned would be an understatement. Some are strangers to him only five pounds and offers afree debt counseling session! He later became a client, but that's another story.

The bankruptcy clerk returned, the receipt in hand, found that Mr. Smith was nowhere in sight, and led us into an adjoining room. A few formalities and Paul was then sworn affidavit on a religious book (the courts have called a number of religious books for that purpose), and we were then told to wait outside court number two for the judge to send us.

The bankruptcy hearing

NotWigs, no dark wood-paneled furniture, no jury, no ushers recording each word hectic. Bankruptcy hearings are often a one-on-one meeting between the debtor and the county court judge. How do I attending was that the three of us, and we all sat in an office with recording equipment capturing our words and we left.

Paul confirmed his name and address. He also confirmed that he would go broke. The judge then turned to me and began with the difficult questions, but nothing Iwere not previously made. After the judge went on the impact of insolvency, the strengthening exactly what I had told Paul, twice before. A few minutes later, the order signed at 10:37 (yes, it is that has been accurately recorded).

The Judge then spent a few minutes chatting with me about doing my work, and we were soon out of the chambers.

After the hearing

Paul could already see how another guy. Oh, and who would not look happier with £ 32,000 wiped off yourPlate?

We waited again in the bankruptcy clerk desk. Another poor soul had got some of their false papers but apparently not on the scale of Mr. Smith before. Nevertheless, they were with their finances to each and every air while they got the paperwork right. The clerk will help with the odd bit of information, but they can not only documents describe the whole day.

It was not long before we re-printed in the next room to phone the court and in the hands of a meeting to BookingRefer to the Official Receiver.

Each bankruptcy case in the UK is reviewed by the Official Receiver. We book the next meeting with the Official Receiver and left the courts.

Paul and I took our leave. He was thrilled and I was closed. The bankruptcy hearing had gone well.

I then went to my bar to find and have chat with Mr. Smith!

If you are considering bankruptcy …

You get good advice from someone you through the guidelines for the entireProcess and not just you in the direction of the local courts. Sit down and get a seasoned professional to go through everything in detail. Pay attention to all factors that will affect you if you decide to go bankrupt. While this article is correct, it can not be used to replace advice from a professional organization.

Ed Pearson is a Debt Dr. Debt Dr specialize debt help and advice for individuals and small businesses. Ed can be contacted 0845 123 4000 or07 970 659 266 in confidence.

http://www.debtDr.co. uk 'prescribing life without debt "

This article does not constitute regulated advice. Please remember that any action should be to provide financial advice, only taking into account the particularities of their situation are made.

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