Help !!!!!!!!

wannabeedebtfree

Hi everybody

I was wondering if anybody could offer any help - I went BR in March of this year and was told I had to pay £50 per month to the OR - I have now received a letter asking me to fill in the form for an income and expenditure questionnaire - I did this when I went BR - is this normal procedure???

My income then with everything was around £1062 and it is now £1100 with the increase in my pension and part time earnings - my outgoings then was approx £890 and they are now roughly the same although I am expecting some utility bills to be increased in the next few months.

Is this form being sent so that they can take more money off me???

Thanks

philnicandamy

Did you receive any other paperwork with the forms with EDREV listed on it? reason I ask is you may fall under early discharge as you know BR can last as long as 12mnths BUT in some cases NOT all when the OR has finished all investigations you could be put forward for an early discharge if your case is not complicated or the OR has found any problems etc, I filed for BR in march as well this year & recently received the same forms with a letter stating i'd have to fill in the income & exp details even if my circumstances had not changed then if any problems arose the OR would contact me in due course....I think this is what might have happened with you...if you have had an increase in your income then you might have to pay more to the OR as previously requested...send the paperwork back as soon as you can & if this is for an early discharge it's a case of sit & wait now depending on how busy the caseload is at the OR's office

Good Luck & hopefully it's an early discharge

uther_2

If you have a letter with the forms with 'EDREV' in the top right hand corner then you 'might' be being considered for early discharge.

wannabeedebtfree

Hi thanks for that but I don't think it is for an early discharge as there wasn't any other papers with it - just a letter and a form to fill in for income and expenditure.

I think from the text of the letter that they are looking to take more off me!!!!

rog2

It is normal to receive a further I/E form - the OR usually asks for these just before granting early discharge, but can also ask for updates during the course of your bankruptcy/IPA.
Whilst your income may have risen slightly, so, I imagine, would your expenditure.
EDREV = (in my opinion) Early Discharge Review. The timescale sounds about right and OR does not always send out letters. Let's Hope.

rose28454

rog2 wrote: »

It is normal to receive a further I/E form - the OR usually asks for these just before granting early discharge, but can also ask for updates during the course of your bankruptcy/IPA.
Whilst your income may have risen slightly, so, I imagine, would your expenditure.
EDREV = (in my opinion) Early Discharge Review. The timescale sounds about right and OR does not always send out letters. Let's Hope.

Hi
I have debts of £62000 and a dmp would take 29 years to clear. I am thinking about bankruptcy. Question is will they make us sell our house. Most of the debt is in my name and mortgage and house is joint. Advice please somebody!!

fermi

rose28454 wrote: »

Hi
I have debts of £62000 and a dmp would take 29 years to clear. I am thinking about bankruptcy. Question is will they make us sell our house. Most of the debt is in my name and mortgage and house is joint. Advice please somebody!!

Can you post your questions as a new thread on the main page? That way more people will see your question so they can help.

Go to: http://forums.moneysavingexpert.com/forumdisplay.html?f=136

and click the button towards the top left.

rog2

rose28454 wrote: »

Hi
I have debts of £62000 and a dmp would take 29 years to clear. I am thinking about bankruptcy. Question is will they make us sell our house. Most of the debt is in my name and mortgage and house is joint. Advice please somebody!!

1. The mortgage debt is not included in your bankruptcy.

2. The OR WILL pursue any Beneficial Interest in the house, i.e. your share of any equity. Whilst he would, normally, offer your partner the chance to 'buy' that beneficial interest, he can, as a last resort, force the sale of the house, through the courts. If this were the case, then he (OR) would 'account' to your partner for his share in house.
If there is no, or negative equity, then the OR would give your partner the chance to 'purchase' your BI at a nominal amount, plus conveyancing costs.