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Fees for annullment
tyrrellracer
Posts: 5 Forumite
If money is inhereted in BR, the OR would take it. But how much?
I understand you can annull the BR if you pay the original debt + fees.
Anyone have experience of this? Or know how much the fees can be?
Thanks
I understand you can annull the BR if you pay the original debt + fees.
Anyone have experience of this? Or know how much the fees can be?
Thanks
0
Comments
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The OR’s general fee is £6000. However it depends on what the inheritance is. If it’s cash you’re fine. But if it’s an asset they have to realise they will take an additional 15% cut (there is no limit on this either). Also, if you were made bankrupt by someone else they pay their debt (along with any others) plus their petition costs. I think this just under £2000.0
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I'm not sure how much to annul a bankruptcy, but I'm guessing it's whatever the court charges? No idea how to find that out, I guess phoning the Court office might be the best plan.0
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