OR's deposit to increase to £525 from June 1st 2011 (Total = £700 to go BR)

ifonlyitwaseasier

skylight wrote: »

Tut tut.

In my day, BR was the price of a tank of fuel.....

so it's still about that

fermi

ifonlyitwaseasier wrote: »

so it's still about that

Yep. They have both been going up by scary amounts.

alastairq

whilst I can understand how some people will struggle to raise the fees, I think it may be worthwhile reminding those thinking of petitioning for BR, that the 'raiding' of overdraughts, or cards, for cash, for the purposes of raising the fees, has in the past, been tacitly overlooked by OR's.

Might be worth planning ahead with this 'option' in view?

philnicandamy

But what happens if those avenues are closed? most of the trust fund applications i've gone through with clients recently have been refused for various reasons...then what?

alastairq

I suppose it will be a case of enduring the phone calls for even longer, before finally petitioning for BR?

After all, the most difficult hurdle for someone in debt to overcome surely is, the actual decision to go BR?

Once that has been decided, then creditor pressure becomes almost pointless.....

The acceptance of BR as the only solution provides the strength.

So the 'saving' goes on for a bit longer?

What other solution is there?

mel12

thats a shame, they only put it up fairly recently as well.

debt_doctor

:mad::mad::mad:

Just not acceptable.

This, along with all the other 'kick the bankrupt' recent changes is, in my opinion, appauling.

Thanks to Fermi, as always.

DD

fermi

mel12 wrote: »

thats a shame, they only put it up fairly recently as well.

The court fee by £25 this month.

This, OR's deposit, was hiked by £90 a year ago.

I notice that someone elsewhere has commented that:

The Insolvency Service has advised that the latest fee rise is fair as the debtors should pay more back to their creditors and be responsible for their debts.

debt_doctor

fermi wrote: »

The court fee by £25 this month.

This, OR's deposit, was hiked by £90 a year ago.

I notice that someone elsewhere has commented that:

The Insolvency Service has advised that the latest fee rise is fair as the debtors should pay more back to their creditors and be responsible for their debts.

Yeah right,The IS (the government) get their fee (around £1750) paid first, often it is only the BR deposit that partially pays this cost. Its got nothing to do with doing the best for creditors and everything to do with doing the best for the Treasury. (as you know Fermi:D)

DD

Ineedaname

ROFL - most of us are in the position we're in precisely because we've tried to be responsible for our own debts and can no longer afford to pay them anything worthwhile each month.