been thinking too much again.. possible problem?

MicheH

Hullo, I've been wondering about a few things, mainly this..

My (vol repo) house is now on the market for £2000 more than the mortage on it so it looks like when it is sold the IS won't even get their fees paid let alone any creditors as this is the only asset we had.

Now my wondering is in the ball park of when the creditors update my credit file.. surely they won't be able to put settled or partially settled as they won't have had a penny paid to them from the BR.

Am I right to think like this or does BR automatically mean they have to at least put partially settled at the BR date.

I have to add i'm only three months into bankruptcy but this hour I have nothing to worry about so i'd thought I would create something :rolleyes:

So_Sad_Angel

MicheH wrote: »

Hullo, I've been wondering about a few things, mainly this..

I have to add i'm only three months into bankruptcy but this hour I have nothing to worry about so i'd thought I would create something :rolleyes:

:rotfl::rotfl::rotfl::rotfl:Hey Mich....I`m so glad that I`m not the only person that has to have something to worry about.:D:D

MicheH

blind-as-a-bat wrote: »

No default should be added after your BR date for a liabiltay before BR, as after your BR date it is no longer your liabilaty, however the debt itself does not get marked as settled, as its not until the end of your BR period, technicaly speaking anyway

Bat, I thoroughly think you're the bees knees but I didn't understand a word of your reply. I'm so really sorry for being a dimwit

MicheH

I am soooo bad at finding stuff to dwell on. My gran said when I was a teenager "you'll be on little blue pills by the time you're 30 pet!" To this day I don't know what those blue pills are but she's right on the nail with it!:rotfl:

confused76

So_Sad_Angel wrote: »

:rotfl::rotfl::rotfl::rotfl:Hey Mich....I`m so glad that I`m not the only person that has to have something to worry about.:D:D

oh me too! and if i can't think of anything to worry about, i worry that i've not got anything to worry about and therefore must be missing something so have a little worry anyway....:o:p
i don't know the answers i'm afraid...don't worry too much hun
x

peachyprice

No, you're not right to think like that.

Your credit file showing your debts as settled/partially settled has nothing to do with whether or not they get any money back.

I think what bat was trying to say it that although the default dates mustn't be after your BR date, the accounts may not be marked settled/partially settled until after you're discharged.

HTH

MicheH

peachyprice wrote: »

No, you're not right to think like that.

Your credit file showing your debts as settled/partially settled has nothing to do with whether or not they get any money back.

I think what bat was trying to say it that although the default dates mustn't be after your BR date, the accounts may not be marked settled/partially settled until after you're discharged.

HTH

I get it, thank you!

MicheH

Nope lol get yourself in the Inn, think you could do with a tipple x

fermi

You are not legally/technically "released" from the BR debts until discharge.

IA86

281. Effect of discharge

(1) Subject as follows, where a bankrupt is discharged, the discharge releases him from all the bankruptcy debts

But of course the effect of the BR order is that you can't be chased or action taken in the meantime, and they must go through the OR trustee.

MicheH

So my debts are still mine till discharge then they're gone but I cannot be chased for these debts because of the court order. Dimwit now intelligent