Stat Demand Ignored

30summit · 10 February 2018 at 2:45PM

Thanks, hoping this will work. He has a fairly large cash sum available (donated by friend) and owns various properties.

thanks

Flyright · 10 February 2018 at 3:49PM

If he has already been declared bankrupt he will need to speak to the OR even if an annulment is being sought as the OR's costs, fees and expenses must be paid and for annulment to proceed all debts must be paid in full, not just the petitioning creditor's debt.

30summit · 10 February 2018 at 4:31PM

Yeah, speaking this week.

Do the OR provide the total cost due? how do we get this info?

thanks

fatbelly · 10 February 2018 at 5:26PM

From the earlier link:

If he's paid his debts and all the expenses in full:

To apply for an annulment because you've paid your bankruptcy debts and expenses in full, you should follow this process:

complete an Insolvency Act application form (IAA) - you can find the IAA form on HM Courts & Tribunals Service website
make a written witness statement, setting out the details of your debts and the bankruptcy expense. Give details of payments you've made and proof of these
return the application form and witness statement to the court, which will then set a date for a hearing
tell the official receiver or bankruptcy trustee about the hearing at least 28 days in advance, and send them a copy of your application and witness statement
attend the court hearing

The bankruptcy trustee will send a report to the court to confirm you've paid your debts and explain how you've conducted your financial affairs during the bankruptcy.

You'll need to pay an application fee but, depending on your circumstances, you may be able to get this waived or reduced. Ask the court.

30summit · 14 February 2018 at 4:34PM

Thanks guys.

Once annulled, do you ever have to declare you was bankrupt if ever asked in future?

thanks

National_Debtline · 14 February 2018 at 5:50PM

Hi 30summit

If an annulment is granted it puts you back in the same position legally as if the bankruptcy order had never been made. On that basis you would not have to declare the bankruptcy in the future.

Susie
@natdebtline

Stat Demand Ignored

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free