Official Receiver Interview ?

monsieur_epargnant

Can anyone tell me in some detail about their experience at the OR interview and what sort of questions were asked? I'm interested as there doesn't seem to be much info about this part of the process. I'm aware that everybody's experience will be different but my nerves could do with some filling in..!

betterlatethannever

Hi ME,
the first thing is that, if they say they'll ring at 11am..they ring at exactly 11am.
They tend to go through the forms with you and check anything you've missed off or information thats incomplete.
They ask when you took your credit out, when you last used credit and what for.
Mine was a very basic case with no assets, and no high amounts of credit use or withdrawls.
Theres a lot of blank times when nothing gets said as they note things down.
The interviews tend to last between 40 mins and one and half hours.
Other than that there wasn't much else said apart from some small talk and your obligations as a BR. Then they tell you there obligations as an OR.
Others may have had different experiences depending on the level of BR and whether it was personal or company br.

G-G_4

Hi there,

I had my OR interview about 2 weeks ago now. I was really nervous and worried. It was a telephone interview and I felt totally unprepared. Well, the day came and the OR was really nice, just a nice old man.. haha (don't tell him that!).. He went over the details that I had given on my bankruptcy forms, asked me to explain things such as selling my car and where the money went.. Why I thought I had gone bankrupt and the times and rough dates when I thought there was a problem and what I did about it..

It was really laid back, the questions were not difficult and they gave you time to try and explain things that you couldn't on the forms.

I found it ok, don't get me wrong I was nervous as hell the whole time, but it went ok. Mine lasted about an hour as there were phone problems and also I ran a business so it was a little more complicated than a straight forward bankruptcy. I think it usually takes 30 mins or so.

The OR came to my house a couple of days ago to pick up some of my accounts etc and he was just a 'normal' guy, not scary at all.. haha I was still nervous though and dressed in a shirt he was in some old green cords and a jumper..

Said they were so busy at the moment that I probably wouldn't hear anything for a while.. :T

Don't worry, this part is the worst of going bankrupt I think, and as long as you have nothing to hide apart from maybe being stupid and spending too much, then he isn't digging for info just fact finding. Make sure you think about your answers and tell him anything you think he would need to know. He will probably ask you if you want to ask anything at the end.

Have your bankruptcy forms and a pen and paper with you aswell..

tigerfeet2006

S/he will probably ask about your I&E, When you last used your CC's, about any loans you have. How you got into this situation.

fermi

You can always have a read through:

Bankruptcy interviews - debtor's petition cases

pinkpyjamas03

I had my interview last Tuesday and I was dreading it, I came to this forum, told them how I felt and was given support by members which definately helped. My interview only lasted 20 minutes and the OR was very nice and put me at ease. He went through my I & E and asked me what I thought happened for me to be in debt, and basically to make sure I realised how this had happened so I wouldn't be in this position again. I'm on benefits and so don't have any payments to make. I had opened bank account with Nationwide a week before I went bankrupt but when I went there they said it was frozen and weren't sure if I could use as I hadn't told them I was going to be bankrupt. My OR sent them a letter saying it would benefit me to be able to keep them and they've agreed. He has been most helpful. The advice I received from the forum was to answer the questions asked but, unless asked, don't elaborate on them. He/she will ask for clarification if needed. I hope this helps a little.
Pinkpyjamas03

monsieur_epargnant

I'd like to thank each and every one of you for replying to my post. You've managed to help allay a few fears I had and I really appreciate hearing it from so many different angles.

Thanks for the link fermi too. I'd checked out that website loads over the last week and had spotted that info and it's proved invaluable.

I can only foresee this bankruptcy as a positive thing now. Funnily enough both our parents are freaking out a bit over it though. Maybe it's another one of those generational things? Seriously people it's gonna be the best thing to happen to us in ages!!

maxmycardagain

when they refer to "property" is this buildings/brick/mortar or any goods you may have had?

ive none of either but got rid of a vehicle in august which allowed me to pay off the HP in full, 1 less creditor to worry about....

richst31

Hi, I have read yours and various other posts on this subject and am just trying to get my head round everything...its a minefield of information and I just wondered if you could tell me a little bit more about your situation? I guess I have just been messaging different people from this forum and am just trying to get a feel for what happens and what to expect so I feel a little more prepared before going into this.. I just wondered if you would mind telling me roughly what you owed and what made you decide bankruptcy was defintely for you? I mean I know at the end of the day, it is sometimes obvious and there is no alternative, but it looks like I am going to have to do it, I owe nearly 50k in unsecured debt which has built up over the last 10 years and now I am unemployed and on benefit and need help! So if you don't mind filling me in a little more on what you did, who you sought advice from and how it went, I would really appreciate it! I know its very personal but I am just looking for any similarities so I can draw on the experience of others so I don't screw it up anymore! Thank you.

monsieur_epargnant

It's my partner who went bankrupt and he is also on benefits. DLA and Income Support. Owing was £20,000 and we have no car or property. The most expensive thing we have is a 2006 iMac but they're only interested in things with value above £750 supposedly.

He got further into debt over many years, just like yourself. A couple of newer cards were taken out around 2002/3 to take advantage of opening offers but they were soon maxed out. Around that time he left fulltime work and was planning to go self employed but it all fell through. So it was around this date he got into trouble.

Since then we had tried to pay off more than the minimum payments but that just left us short of cash and had to spend further on the cards. With little slack left for us we filled in an enquiry online with CCCS who gave us 2 options: Do an IVA and clear the debt in 13.5 years or go Bankrupt and be released from bankruptcy in 1 year (it stays on your credit file for 6 years.. but who WANTS credit ever again after having to go bankrupt?!). It wasn't a hard choice. The government agree that the money we get IS the minimum we can live on. If you factored in all the debt payments we were surviving on poverty level for way too long and saw this as a opportunity to start fresh.

I have added another post in the Bankruptcy forum about our day at the High Court HERE. To be honest it was THE most boring day I've had to endure for a long time! I think my writing made it sound more exciting than the reality. We were both surprised at how EASY it was to complete. We feel there is a lot of DISinformation out there (especially from friends and family!!) that is an attempt to stop people going through with it. He's so relieved he went ahead with it though.

Apart from sorting out the benefits (which was surprisingly VERY easy to have paid into my a account) the purchase of a new Sun Prepaid Mastercard (not a credit card.. needed for some urgent direct debit arrangements) and the negative angle chosen by both our parents.. it was the BEST decision he could have made. Whilst not appropriate for everyone (especially with assets) it was most definitely for us.

tigerfeet2006

richst31 wrote: »

Hi, I have read yours and various other posts on this subject and am just trying to get my head round everything...its a minefield of information and I just wondered if you could tell me a little bit more about your situation? I guess I have just been messaging different people from this forum and am just trying to get a feel for what happens and what to expect so I feel a little more prepared before going into this.. I just wondered if you would mind telling me roughly what you owed and what made you decide bankruptcy was defintely for you? I mean I know at the end of the day, it is sometimes obvious and there is no alternative, but it looks like I am going to have to do it, I owe nearly 50k in unsecured debt which has built up over the last 10 years and now I am unemployed and on benefit and need help! So if you don't mind filling me in a little more on what you did, who you sought advice from and how it went, I would really appreciate it! I know its very personal but I am just looking for any similarities so I can draw on the experience of others so I don't screw it up anymore! Thank you.

Hi and welcome to the board.
If you have been reading for a while then I am sure you are aware the first bit of advice we would give you is to talk to one of the debt charities. If they suggest that BR is an option then we can give you all the support and help you need.

This will give you some idea of what is involved in the process of BR,
http://www.insolvency.gov.uk/guidanceleaflets/guidetobankruptcy/guidetobankruptcy.htm

If you have any questions then start a thread with your questions and the wonderful folks on here will be glad to help.

All the best.