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| T O P I C R E V I E W |
| Skippy |
Posted - 06 March 2007 : 21:09:38
My IVA failed after 4 payments as I thought I could pay more than I could afford - my own fault, I know. I am going to court next month to petition for bankruptcy, and up until lunchtime today I was convinced that I am doing the right thing. I phoned Gregory Pennington to find out more information about their managed bank account, but the guy on the phone kept asking me have I thought about re-presenting my IVA, did I want them to look into it, am I sure BR is the right thing etc. I know deep down that I am doing the right thing, but that phone call really upset me and I kept thinking of all the negative things about BR.
My main worry is that the OR will say I have a beneficial interest in my partner's flat. I have lived here for a year, and when I moved in the agreement was I would pay just under half the bill, by the food and pay my partner £200 towards the mortgage. I moved into the flat in March last year and from March to August the only thing I paid for was the food as I was trying to pay my loans and credit cards. From September to November I paid for the food and gave him £200, and he ended up giving approximately half back to me as I was struggling with my IVA payments. From December onwards I have paid only £100, plus food.
Do I need to state that I have an interest in the property on my SOA? If we split up I would walk away with nothing - my name is not on the deeds, the mortgage or any of the bills. Any money I have given to my partner has been cash.
Sorry for rambling, but I really don't want to involve my partner if I can help it!
Where there's life there's hope! |
| 1 L A T E S T R E P L I E S (Newest First) |
| BankruptcyHelpline |
Posted - 06 March 2007 : 22:31:40
The property is in your partners name , your beneficial interest is Zero, the O.R. will not pursue you for your alleged equity stake. Unlike some IVA's which can consider your partners income, bankruptcy is for an individual.
Regards, Dennis,
www.BankruptcyHelpline.Org
0208 626 9366 |
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