HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 bankruptcy postbag for may
 Equity and the OR
 New Topic  Reply to Topic
 Printer Friendly
Previous Page
Author Previous Topic Topic Next Topic
Page: of 2

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 29 May 2008 :  09:50:41  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi all,

Just to clarify that the OR/Trustee has to realise the beneficial interest in property for the benefit of the creditors. A third party (who you can nominate) can buy out your beneficial interest.

Lesliep, how much did you owe unsecured when you went BR as there may be a better route for you?

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Go to Top of Page

leslie.p
Junior Member

United Kingdom
197 Posts

Posted - 29 May 2008 :  11:01:04  Show Profile  Reply with Quote
JULIAN
i owed 90000, i was in an iva prior to bankruptcy and had paid about 6000 into that.
regards
les
Go to Top of Page

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 29 May 2008 :  12:00:12  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Les,

The bad news is that the money you've paid into the IVA so far has probably only covered the IP's fees. Given the amount of equity available, perhaps a Full & Final IVA would be better which would result in your bankruptcy being annulled. Please feel free to call the helpline for more information.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Go to Top of Page

leslie.p
Junior Member

United Kingdom
197 Posts

Posted - 29 May 2008 :  12:23:46  Show Profile  Reply with Quote
julian
the iva company were charging me £11800.
Go to Top of Page

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 29 May 2008 :  12:32:37  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Leslie,

I would suggest getting in touch with the helpline.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Go to Top of Page
Page: of 2 Previous Topic Topic Next Topic  
Previous Page

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06