BR Order

dickoa

How long does it take to come through the post??? How long does it take before your accounts are frozen i can still accesss internet banking and things like that??? My mortgage co sent me a letter saying about vol repo saying to sign on and send back the letter states in it though that we would be liable for any shortfall but it doesnt mention BR should i sign it and send it back???

deedee_3

You should have recieved your BO at court. If you need to know your number look it up on the IS website.

It depends on the banks when they freeze the account. If it is one that the OR has said he has no interest in ie: a cashminder then you will be fine to use it, if not then you cannot use the accounts.


Don't sign the letter now you are bankrupt as you will find that things will get tricky and awkward. Some have crossed through that section and others have written their own letter.

LilyBart

Don't sign anything. Simply write to the mortgage lender, explain that you are now bankrupt and ask them to direct any further communication to your OR. They may, of course, ignore this. They may also tell you you are liable for any shortfall after the property is sold or auctioned. This is not true, because as soon as the property on which the loan is secured is sold, that loan becomes unsecured and is therefore part of your bankruptcy. Keep calm and stay strong: some lenders will try to intimidate or obfuscate, others will simply go ahead and sell and you might only find out by accident.
Lily

Sunk

As LB says.....DON'T sign anything!!