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BI and property
My ex has a 55% holding in our home and has the right to sell it as per a court order dated April 2008. If I'm made BR will she have to sell it? She is not party to my BR proceedings. She has already bought out my share of the property but my name is still on the deeds until she re-mortgages it in a few weeks. I am now…
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Interview with OR
I have my interview next wednesday and really don't know what to expect. Can anyone tell me what it's like,is the OR friendly and put you at ease if your nervous? Do they interrogate u about your finances? Do they try to make out u are lying if they come across something of high expenditure?I'm so nervous about it! Also do…
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BR Tax Code
Hi all. Just started work again after two months claiming JSA. Get paid weekly and noticed that on my first wage slip is the tax code 'BR'? This does'nt stand for BankRupt does it?:confused:
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Need Some Advice Please
Hi everybody, I am new to this board and to the idea of bankruptcy. Myself and my husband have been in an IVA for 2 years. Unfortunately we did not come across this site until afterwards. If we had we probably never would have done an IVA in the first place. Our circumstances have changed since starting the IVA and have…
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Does the 3yr rule apply to everyone + what about house valuation??
Hi all Just thought of another question. When you go BR I've read it lasts a year...but there is also talk of a payment plan (of sorts) over 3 years? Is this only if you can afford it? If you can't afford any payments does your BR only last a year rather than 3? How do they workout if you have surplus remaining? Regarding…
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use of someone else's car
I use a friend's car, I'm on the insurance, and I pay some money every month towards maintenance, tax and petrol. On the statement of affairs, if you have use of someone else's vehicle they want to know the reg, owner's name and value of the car. Why do they want to know this? Is his car at risk at all? Thank you in…
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Bankcruptcy Worries
Hi...my partner was yesterday declared BR because of a £2,500 debt she forgot about. We didn't receive a Statutory Demand and have had no Bailifs round. We just got a Bankruptcy Order on Creditors Petition through the post followed by instructions from the OR this morning. I only recently moved in with my partner and if…
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Its Done!!!
Hi all.. We went to the court this morning. Got there for 9.30 as requested and we didn't need to see the judge.. The Court staff said that the judge was happy with our explainations and the Bankruptcy orders were ready and waiting for our arrival. Just spoken with the OR who was lovely and she didn't think we would need…
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Mortgage Shortfall After Discharge
Someone (sorry can't remember who:o) asked the other day if a mortgage shortfall was definitely included in your BR even after discharge. Here's the relevant quote from the Insolvency Service. From here: http://www.insolvency.gov.uk/faq/faq.htm#16
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Tax Rebate....UPDATE
I've recently received a tax rebate from 2007/08, I knew I would get a substantial amount as I was on emergency tax throughout most of last year. I went BR on 19th December and have recently sent back a form with regards to getting an early discharge. As the excess tax was built up last year (before 19th December), am I…
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CCJ claim form help
Hi all, Any help or advice with the following would be great. I will be considering BR in the not too distant future but I have a CCJ claim form to deal with that I don't want to ignore as I'd like the best outcome possible. All my other creditors have accepted my letter explaining my current situation and the offer of…
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a couple of Qs
Firstly i have just rang ta credits and they are also letting child benefit know that i want money paid into a different account, anyone got a rough idea how this it takes?? Secondly i have a credit card and 2 loans with lloyds, which will be going into the BR..but i also have home contents and life policy with them, will…
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Need A Few Things Cleared Up
Hi All, As the title says, I was wondering if someone could help get a few things cleared up for me. Basically I'm looking at going bankrupt as my wife has just been made redundant. Currently I owe approx. £36k and I'm currently on a DMP. My wife owes approx. £8k and is paying them off fine with no problems. The £36k debt…
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SOA how it looking?
OH and I are both going BR but I've put us both on oe for now. Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 1 Number of cars owned.................... 1 Monthly Income Details Monthly income after…
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payment of wages
I have just changed my bank details at work so that my june salary will be paid into my fathers account. I am planning to declare my BR on the 29th of June. Will they want to take this money straight away as an assest ( i have no other assets at all) or can i continue to use it? thanks
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Or called today about mortgage
Or just phoned about my mortage and secured loan I put on my soa at £1200 a month :eek: said due to the fact of rooms needed and the amount of us living in there we can continue paying it :T said they will be sorting paper work out for wife to by intrest in property as there is no equity in it :beer:
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Creditors and joint debt
I was just wandering what happens when joint debt is included in a bankruptcy order. From previous threads/posts I've worked out that the non BR person becomes liable for the full amount. Does that then mean when the OR is divvying out the proceeds from IPA these creditors are excluded as they will pursue full amount from…
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Applying for jobs - credit checks when bankrupt
I have been in IT for many years (developer / analyst / manager etc.) and have worked both as a contractor and in permanent employment. I was recently made bankrupt and wanted to find out what companies/jobs typically did credit checks when applying - and refused those who are bankrupt. I obviously cannot be a director or…
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tied in to NR Mortgage until January but thinking of BR or IVA - what can i do?
Hi all I have a NR Together mortgage and I'm looking at either an IVA or BR I think - spoke with CCCS and filled in their form online and they suggested IVA but then I amended a few of the figures and it changed to BR and then I changed some more and it shifted back to IVA so I would guess I'm borderline on IVA to BR. My…
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NorthernRock together - does unsecured loan become secured + other questions?
Hi all I've asked a similar question on the IVA forum but I'm now thinking I might have to consider BR instead. I just wanted to know if anyone has gone BR with a NR Together mortgage? I have a mortgage for £107k, a secured (equity release loan) for £25k and then we got £30k of unsecured with NR and then another £30K via…
