Some bankruptcy debt written off, do i still i have to pay it?

bradztheman

wildheart83 wrote: »

It means you're still under the restrictions of BR - no credit over £500 without informing the creditor of your status, you can't be a company director etc.
If you agree then you'd be given a BRU (bankruptcy restriction undertaking) and it's usually more lenient than a BRO, which is done through the court and can last upto 15 years but that's only in very very extreme circumstances.
If it's only been a few weeks since you went BR, if you were to get a BRU then it'd be months down the line, try not to worry about it for now.

Omg,also meaning if am still not working, thn find work in a year time or 2 years time ill still have to set up a payment orderto pay off my creditors?
I thought even if i get a BRO illstillbe discharged within 12 months

tigerfeet2006

No, no, no, noooooo!!

When you are discharged you can't get an IPA, even if you a BRO/U. It just extends the terms of BR.

Go to the Look Here First: Bankruptcy Help sticky. I n the first post there is a link to information on BRO/U's. Get yourself aquatinted with it and get knowledgeable on what may happen.

bradztheman

tigerfeet2006 wrote: »

No, no, no, noooooo!!

When you are discharged you can't get an IPA, even if you a BRO/U. It just extends the terms of BR.

Go to the Look Here First: Bankruptcy Help sticky. I n the first post there is a link to information on BRO/U's. Get yourself aquatinted with it and get knowledgeable on what may happen.

Brilliant thanks tigerfeet


After im discharged, i dont intent on taking on loans or anything out anyway tbh, so it shouldn't effect me at all i should think