Was Two questions now four

stevelinz

Hi Sorry to keep asking questions but I have looked around and could not find the answers anywhere.

How many years after the first year discharge do I have to repay my debts if I am made BR and keep up the plan agreed with the OR

What happens if not all creditors were noted in the BR hearing say from debt years ago that had been forgotten. Can they still try to reclaim once you have been declared BR
Thanks
Steve

tigerfeet2006

If you are given an IPA then it will last 36 months from the first payment.

Any debt incurred before your BR weather noted or not are included in your BR. This why it is advertised in the paper!!

Oh! and don't worry about asking questions the only stupid question is an unasked one.

stevelinz

And if I had a debt that was in a joint name would that be written off or just my half?

I had a loan years ago with an Ex which may not of been fully paid off

Thanks
Steve

betterlatethannever

Just your half Steve, your ex would then be responsible for the whole amount left.
Might be worth checking and contacting her.

tigerfeet2006

Any debts in joint names will become the responsibilty of the other person named.

fermi

Yep. Any debts in joint names would become the full responsibility of the non-bankrupt. And the creditor could chase them for the full amount.

But only if the other person has physically signed the agreement (with a few exceptions explained in the links).

See: http://www.debtquestions.co.uk/legal_jointseveral.php and http://www.payplan.com/debt-library/joint-and-several-liability.php

tigerfeet2006

Thanks for that Fermi.

stevelinz

Thanks guys for the answers so far. Last one tonight. Will the OR visit my house to value the assests or will he/she leave it to my valuation

tigerfeet2006

No one will come to your house they leave it on trust.