The Bankruptcy Club & Supporters Club

less2303

Addicted2Chocolate wrote:

all the restrictions fo bankruptcy, including not being an MP or councilor, only apply until discharge, discharge is normally automatic after 1 year.

Whilst formerly an undischarged bankrupt could not hold office in local government whilst bankrupt this has been amended by EA 2002 so that he is only disqualified from so acting if there is a BRO in force against him.

Also an undischarged bankrupt is no longer disqualified from holding office, or continuing to hold office, as a school governor. Only those subject to a BRO will be disqualified from holding office as a school governor.

Mike_St_Helens

bloomin_freezing wrote:

Hiya Mike, enjoy your day off!! Could I please have an official members number? I love this thread, it helped me out so much before and during bankruptcy. Hopefully i'll get the chance to help out others in due course as you all have done for me.

Bloomin Freezing x

Hey BF You are number 36 !

Glad youy like it ! Its become a bit of a famous son this thread hasnt it ?

Mike x

sandralovescats

rog2 wrote:

There REALLY is no justification in the variation between ORs. We have seen this all too often, on this thread. To say that you are not 'allowed' to celebrate Christmas, or take a holiday, is surely something that shouldn't be dependent on the whim of one person.

It does rather smack of punishment!!

Having said that, the calculations on an IVA do not allow for Christmas/Birthdays/Holidays - and that is for a whole five years.

When you look at it that someon in an IVA has done so voluntarily you would think that the rules would be a bit more lenient than in bankrupcy.

sandralovescats

Mike_St_Helens wrote:

Hey BF You are number 36 !

Glad youy like it ! Its become a bit of a famous son this thread hasnt it ?

Mike x

A couple of days ago someone mentioned about getting our own Bankruptcy section on the main DFW board - heard anything about that?

I think, maybe, there should be one for bankruptcy and a separate one for IVA's since both are on the increase.

Mike_St_Helens

sandralovescats wrote:

A couple of days ago someone mentioned about getting our own Bankruptcy section on the main DFW board - heard anything about that?

I think, maybe, there should be one for bankruptcy and a separate one for IVA's since both are on the increase.

I know, I havent a clue who to contact though... Also It may take away the 'community' aspect of the DFW board as I class this as my 'home, yet I love looking at the bankruptcy thread.. I know it sounds daft.

Its a good idea though, something similar to whats on debtquestions forums?

Brokeandbothered

ZTD wrote:

He'll be liable for all of it. It's what the phrase "jointly and severably liable" means.

I thought so. But what I'm worried about is the fact that he's already with a debt management company - can he add this on top of the rest of his debts and carry on as he is? Or will it go to court? He doesn't want to go bankrupt and I don't want to drag him down with me

tight_jock

[


Whilst undischarged the only banks that offer accounts are Nationwide. A&L and the Co-op[/QUOTE]


Not necessarily so ! We have a basic account with Barclays:j

tight_jock

scootw1 wrote:

Surely each OR should follow the same rules so if one OR allows things they all should. And it should not matter if it is an individual or a family. Christmas, birthdays and holidays still exist for single people

Our OR stated that we could not allow for holidays but would allow a small amount for pressies. He then went on to give us advice on which areas on our statement we could "up " a little so that we would have the extra for a holiday !!!!!!!!!!!!!!!!

As I have said before - each OR is only working to guidelines. There is a lot of discretion allowed .

TJ

rog2

sandralovescats wrote:

It does rather smack of punishment!!

Having said that, the calculations on an IVA do not allow for Christmas/Birthdays/Holidays - and that is for a whole five years.

When you look at it that someon in an IVA has done so voluntarily you would think that the rules would be a bit more lenient than in bankrupcy.

I agree Sandra, however, since br is clearly defined in law, whereas as you say, an IVA is voluntary, the least we should expect from any OR is consistency. I could accept it if it were clearly stated somewhere - just seems strange that it is left to one person's discretion.

Addicted2Chocolate

re: holidays, there is a technical notice issued which states they are allowed to allow a small amount for holidays. I cant remember the amount but a small amount is definately allowed. I agree there should be consistency across all OR's offices. as they work from the same technical manual and technical notices it should be consistent in theory.