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Can we talk BRO/BRU stories?
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Justme4
Posts: 31 Forumite

Obviously reality has smacked me in the face and the anxiety’s creeping in…
I’d love to hear people’s reasons why they got either of these… I’m pretty sure I’ll be getting one when the time comes…. And I’ll suck it up… but hearing others experiences might help settle my mind right now
I’d love to hear people’s reasons why they got either of these… I’m pretty sure I’ll be getting one when the time comes…. And I’ll suck it up… but hearing others experiences might help settle my mind right now
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You can have a read of some stories here.
https://www.insolvencydirect.bis.gov.uk/IESdatabase/viewbrobrusummary-new.asp
They are pretty rare. Why do you think you'll get one?0 -
Bankruptcy isn't common, and BRO/BRUs are only about 2% of the people who go bankrupt, so you may get no one or only one person answering.
You can see the reasons given for BRO/BRUs in the last 3 months here:
https://www.insolvencydirect.bis.gov.uk/IESdatabase/viewbrobrusummary-new.asp0 -
fatbelly said:You can have a read of some stories here.
https://www.insolvencydirect.bis.gov.uk/IESdatabase/viewbrobrusummary-new.asp
They are pretty rare. Why do you think you'll get one?0 -
If you can show that's where money went and hopefully you had a reasonable prospect of repaying borrowing in your circumstances at the time you would probably be ok.0
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Justme4 said:Obviously reality has smacked me in the face and the anxiety’s creeping in…
I’d love to hear people’s reasons why they got either of these… I’m pretty sure I’ll be getting one when the time comes…. And I’ll suck it up… but hearing others experiences might help settle my mind right now0 -
You would be very unlucky to get one. I helped a lot of people to go bankrupt pre-DROs and a few since. Never saw one0
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Partner (philnicandamy) been with the CAB a good few years now...and he said the same as Fatbelly he can only remember 2 people who he helped ended up with a DRO..both were due to non compliance with the reveiver dealing with casePhilnicandamy's OH and mum to a two year old god help me!
:p
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frosty1970 said:Partner (philnicandamy) been with the CAB a good few years now...and he said the same as Fatbelly he can only remember 2 people who he helped ended up with a DRO..both were due to non compliance with the reveiver dealing with case
I do recall a recent query here about a 15 year bankruptcy, the OP had thought that they could just ignore the receiver, go to ground and it'd clear up. The BRO was just sitting there, waiting.
The only other case was way back when someone tried to hide assets and not co-operate with the receiver. Then declined a BRU.If you've have not made a mistake, you've made nothing1
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