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Bankruptcy woes and pro's
Comments
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dfw's ? sorry, whats a dfw?There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0 -
Lol! Debt Free Wanabee!Mortgage-free wannabe!0
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Doh!
It's no wonder thy call me Homer at work!
:doh:There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0 -
Eef, I agree with A2C (so many TLA's). Don't worry about the bankruptcy. The worst is now over. I was absolutely dreading the interview with the OR. But I found it really theraputic. Almost like you are handin over all your worries to the OR. He will just want to know how you got yourself into debt. He's not looking to assign blame or pass any judgements, that's already been done by the judge.
As A2C said, just be honest with him. Let him know everything and he will even give you some advice on what you can do from now on. I know my examiner was incredibly helpful and did his best to put me at my ease.
Remember, at the end of the day, the OR wants to see if you have anything that can be used to pay off your creditors. That's why you have IPA. If you don't have any spare income you won't be paying anything. Having said that, he will be expecting you to economise whereever you can, so be honest with your expenditure and let him decide if it is an essential item or not.
Above all, don't worry as you will be looking forward to a debt free future, and a new start.
Let us know how u get on.0 -
Kevker, whats a TLA??kevker wrote:Eef, I agree with A2C (so many TLA's).0
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kevker wrote:Eef, I agree with A2C (so many TLA's). .............
That's why you have IPA.
Thank you very much I will certainly keep everyone posted. I'm hopoing to get my appointment date in the post today or tommorrow (eek)
Can you just tell me what Eef, TLA and IPA stand for? (Sorry - I'm new here)There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0 -
For anyone that's interested, Friday 8PM on the Tonight with Trevor MacDonald programme is a bit all about bankruptcy.There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0 -
Sorry Guys,
Eef=Entrepenuer en faillite (I just couldn't be bothered to type it out)
TLA=three letter abbreviation
IPA=Income Payments Agreement.
The IPA is a percentage of your disposable income taken by the OR to pay your creditors. Disposal Income is the amount of money you have left over after all essentials.0 -
LOL
Sorry - the name is a bit long winded, and no, I'm not French, it's just that the translation describes me rather well.
Thanks for the info.There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0 -
I'm a bit worried - Can anybody tell me how long it takes for the OR to send me a letter after the BKO?
I posted on Friday, spoke to the OR at the court and they told me that they would get the papers the next working day (Monday this week), and I got the impression that I would hearthe next day, which would have been yesterday. Nothing in todays post.There are many paths to tread to find true financial enlightenment, some of them are clear of obstacles, others have huge piles of doggie DooDoo in them in which one can easily tread. The journey is not made easier by the fact that the financial institutions blind fold us before we set out on our route.
Just to be clear, I am an IFA specialising in Mortgage Finance, any views expressed here are my personal opinions and are not to be construed as financial advice of any sort.If you like my comments please click the 'thanks' button0
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