OhDear Bankrupt! 3-11-08 : and my OH ChelseaBun not BR

jellygirl_2

philnicandamy wrote: »

I can see why they want £200......

rofl!!!:rotfl: :rotfl: :rotfl:

OhDear

Just pulling all this together as I posted this on another thread. That thread had a load of other unrelated stuff, so I've quoted the issues here. As these questions have had recent responses from Amberlove, I've also moved that here.

In order of posting;

OhDear wrote: »

OK - So why is my examiner still "undecided" about my car? Over 2 months since BR!:mad:

Spoke to examiner 23rd Dec. She had valution and was waiting for redemption figure from HP co. How can I press her for an exemption, so I can get on with running my driving school? I need to book clients tests for 4 weeks time, yet I don't know I can supply my pupil with a car!!

(Some more details on my thread;

http://forums.moneysavingexpert.com/showthread.html?t=1261541

......as I'm a slow typist!)

It feels like they want all the results to all their enquiries before they give an answer to any individual point. Can I push for an answer on the car while they still investigate OH house, when they only wrote to CB a full 2 months after BR? :mad: I want an answer on the car now!!!!

I get the impression that they're just stringing the whole thing out, until I just crumble and give them my Swiss bank account number.:D

But I am very:mad::mad::mad::mad::mad::mad:

ChelseaBun is having to pay for everything out of her wages anyway, so any IPA is a long way off! I want to get on with my life and my business, but this uncertainty is killing me and my business.

Should I demand an exemption for the car? I'm keeping up with the payments and a major service is due. So I want to know before I spend out any more money.

OD:mad::mad:

ps:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

And the replies!! Thanks people!!

Addicted2Chocolate wrote: »

Cars on finance, HP or lease, cannot be exempted. Its just not possible as they are not assets owned by the bankrupt. The OR writes to finance company to get a settlement figure. In very very rare circumstances where a car is worth well in excess of the settlement figure, the agreement will be adopted (taken on) by the OR. Then the car would be sold, the surplus money going to the bankruptcy estate.
I have never in 9 years come across a single case where car has been worth well over the settlement figure. I have never seen an agreement be adopted by the OR. So in majority of cases the OR has no further interest and it is down to finance company whether they let the agreement continue.
If the examiner in your case is saying they are still undecided about exemption, they dont know what they are doing. But if they say they dont know about the car, they are very likely waiting for a reply from the finance company.

Thanks - The OR is still waiting! (17th Jan) Funny I rang to make a payment, and received 2 letters quoting redemption figures just a couple of weeks prior to OR's request.

blind-as-a-bat wrote: »

And odds on the finance company has not got a clue what to do either:p

I find it quite funny how these big financial organisations dont seem to know what to do when faced with a BR:rotfl:

The TSB is a prime example, not one person had a clue what someone going BR meant, or what to do about it, and they are just about to become the biggest bank in the UK thanks to the HBOS merger...........god help us all :eek:

Thanks Bat, I haven't been on for a while - but CB read out the replies to me!

Amberlove wrote: »

Hi I am new to the forum and noticed this thread..its very relevant. Cut a long story short...I went Bankrupt on 17 Nov 08 owing £75k mainly start up business debts all gone wrong, and its been an ordeal since..I went to the Royal Courts of Justice...and it was horrible..

The office admin there phone me and I can barely understand his english, first they took an e book i had self published ( i run my own business) and now they want my car (which is like worth not even a £100)..Im throughly hacked off with the whole process and frustrated - filing for the bankruptcy was the easy part!!!

My frustration is that they never seem to tell me where I stand ( i am still waiting t ohear about my ebook)...and I am on tender hooks await there next move...Ive managed to work out I can get someone to buy the car off me..and I had to provide a detailed report of where Id spent the debt I incurred...

On top of that I am pretty much homeless, and live off the goodwill of friends and family...as nos 1 - I still want to make a success of my business and nos 2 - theres not much point me getting a full time job as they take it all of you!!

I understand they give you a £100 of so over what you put in your SOA and then the rest goes to the creditors - plus they can ak eit off for upto three years - Is this right>? Also am i right about my car..?

Thanks - btw this forum is ace.....so helpful

Interesting question Amberlove on intellectual rights! Makes you think - can the OR take our souls?

InTheBrownStuff wrote: »

hi amberlove and welcome to the forum.

You are better off starting off your own thread rather than joining this one as your questions may get missed.

best wishes

It's worth doing! You don't want to let your questions go unanswered! Keep asking, it's the only way to keep sane!

OD

OhDear

Hi all!
Well we've both survived the year! Sorry we haven't been on for a very long time!:o
Anyway, AD as of yesterday!:beer:
We have been so busy, I nearly made it on for updates a number of times but it didn't quite happen. The headlines since last post are.

1. Kept the car:beer:
2. Kept the caravan after giving the OR a time deadline on decision as storage was up for renewal (March).:beer:
3. We moved house at Easter which has kept us busy ever since.

4. I was passed to another examiner and had to go in for another full interview. They were going to write to ChelseaBun (OH) with some questions, but never got round to it (well we never got anything). I guess they've been busy.

Can't think of anything else, but I'm sure there was loads.
I guess it's time to do some cleaning of my credit file.

I just want to say a big thank you to all that offered support and guidance to us both, and I'm sorry to say that we were unable to give continued support after those first couple of months. I just found the trolls too much:mad:. Hats off to those of you that can handle them.:beer:

OhDear

OhDear wrote: »

I guess it's time to do some cleaning of my credit file.

I've just had a scan through Fermi's sticky and realised what a major "winter Project" I now have on my hands:mad:

peachyprice

Good luck with that OhDear:D

philnicandamy

OhDear wrote: »

I've just had a scan through Fermi's sticky and realised what a major "winter Project" I now have on my hands:mad:

its not as difficult as it looks....if I managed i'm sure you will!!

Superb news on the discharge....and its good to see you around again