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Beneficial Interest Question - how much Equity?
Greetings, does anyone have any idea how much equity there needs to be in your house before the official receiver makes you sell? I read somewhere that after the fees etc it has to be over £4000 - is this correct? Many thanks for any replies,
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Sorry...
Recently, because of the BR amongst other things, I have looked back at how I behaved when I was younger. I did have a bit of a problem with alcohol which is part of the reason for my debt problems but worst of all I abused my friends friendship. I feel so guilty and full of remorse for my behavior, it makes me feel sick…
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How long to save fees
I have made the desision and taken advice etc but I am very concerned about how long its going to take me to save up fees. possibly six months. how long did it take you all to save fees and haveyou any advice as how to raise fees. Have little to sell etc. thanks
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IPA and Early Discharge
Hi all. I would like your thoughts on this. Having read through some recent threads concerning E/D, am I right in thinking that if E/D is granted without an IPA in place, it is highly unlikely that an IPA will be imposed. Unless of course one has been a bad boy/girl with the O/R. The reason im interested, is as to whether…
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Soa ??
Hi Can some one advise when you receive the SOA I have completed my BR forms and wait for my Date on the 9th April but i don't have this SOA form, i know whats on it from what other people have put on here. there was a section in the BR forms but nothing like the SOA Can some one advise on this I'm a little concerned that…
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And one more about Beneficial Interest
Hi Sorry to all regular readers that I keep banging on about BI and my house valuation. The situation with the family home is the only thing that absolutely terrifies me about BR. I have been given very helpful advice in the past and I'm quite clear on most things but one question has been troubling me over night (I'm…
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Early Discharge??
HI got home yesterday to find a letter from the OR office concerning early discharge and that could I fill in an IPOQ form - did this and I dont get how my original OR thinks I should have an IPA?? can someone take a look and advise?? I have worked out the monthly figures by weekly amount X 52 weeks, divide by 12 months =…
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Selling Car after A/D from BR
Hi all. Could anyone please advise me on the following. I was A/D from BR this month, and was allowed to keep my car during BR after O/R interview. However, 12 months on I'm wondering whether it would be more economical to sell my car and lease one under (personal contract hire) as my car needs some work doing to it which…
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Am I employed???
This is something the OR didn't know. I am a student nurse, but I put Unemployed on my BR form, judge passed it as I am, but the OR said she thought I was employed because I receive a NHS bursary during my course. Last year when my husband was unemployed the DWP said that they didn't class me as employed (I pay no NI or…
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Email from IS
Hi - Further to my previous post (HELP: Letter from IS) I have now received the following email from the Is: 'The letter that you received on ... means that the Official Receiver has finished all of the administration on your case. Your file will not be passed to any one else as there are no further matters to be dealt…
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House valuation for Beneficial Interest
I know from various posts here that all ORs are different so it is hard to say what they will do, but I hope someone can offer advice or experience. I have just had a surveyor do a valuation on my house which has come out at a couple of grand more that we owe on it. This is no problem really as I have a friend who will buy…
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gonna have to do it
Almost 8 months ago I was made redundant, a web developer by trade. Well no problem I thought, I have PPI on my loans - yeah the expensive profiteering rubbish they sell you. Up until then my wife and I were coping well with our debts, both in well paid jobs and expected to pay them off in 2 years (loan for a wedding,…
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OR questions
Hi, I have bee reading through all the posts re OR interviews and everyone seems happy when they've got it all out of the way. Could anyone please let me know what kind of questions they are going to ask? I realise that everyones interviews vary but just a briefexample of a few common questions would be great. Thanks
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Bankruptcy questions
Hi I have been posting on the IVA forum and received lots of helpful advice but it is looking more likley that hubby will have to apply for bankruptcy so just had a few questions that I'm hoping someone can answer. Firstly we have a hearing for a charging order on 26th April at present it is interim, am I safe to assume…
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"But have you received legal advice?" question
I rang my local court today to make an appointment to petition for bankruptcy (arranged for 24th March) but the woman I spoke to was very insistent over whether I'd received legal advice. I explained that I'd applied for an IVA but due to creditor's insistence that payments were set at a level I couldn't afford I'd decided…
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Petiton form question
Hi there My partner has received the bankruptcy petition form and the SOA from our court and has a date of 23rd March. This may be a silly question but I just need to check - does he take the petition form and SOA with him on the day, or do they need to be taken in beforehand? Thanks
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Finally Bankrupt - do I contact creditors?
Its official, I'm now bankrupt :( Should I write to all my creditors and let them know, or do I leave that up to the OR?
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Council Tax, my fault what can I do?
Hi, I was a student up until September of 2009 and living on my own with my daughter in the property until the October of the same year when my partner moved back in with us. I had been in this particular property since May 2009 when I had moved out of the familial home after a separation with my partner (well documented…
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House repo tomorro, Not sure though?
Hi all, Wondered if anyone can help, we went to court on the 16th feb for possession of our house, we didnt attend but i did take advice and filled in the court forms etc, explaining i didnt live in the property any longer and that i want it to be taken back, I then received a letter from the court explaining they had…
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Credit reports - legislation changes
I've just reading this news on the MSE site; http://www.moneysavingexpert.com/news/cards/2010/03/government-reveals-credit--card-crackdown-plans-?utm_source=forum&utm_medium=sidebar&utm_campaign=box And this bit was interesting; --- Access to credit reports While the major steps will stop many stealth charges on plastic,…
