| T O P I C R E V I E W |
| Snow Dog |
Posted - 20 September 2008 : 17:47:25
Hi, after seeking some good advice about going bankrupt. I was wondering what actually happens to you during the year that you are declared bankrupt. By this I mean, how much of your income do they take? Do you have to have regular meetings with the OR? Can anyone give me any ideas?
Thanks very much |
| 15 L A T E S T R E P L I E S (Newest First) |
| Reviva UK |
Posted - 20 September 2008 : 22:19:37
in most cases yes
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| BankruptC |
Posted - 20 September 2008 : 22:12:32
Yeah, although it may be in before then, so the court could tell you if you rang them I guess. I think I'm right in saying it is advertised in most cases. Is that right Paul (or anyone else)?
C. x |
| Snow Dog |
Posted - 20 September 2008 : 22:08:06
Will the OR tell me if it is going to be in the paper when we have our interview with them? |
| BankruptC |
Posted - 20 September 2008 : 22:06:23
There is such a thing as a 'Stay of advertisement' which you can apply for if there is a real and specific reason why it would be a problem if the advert were placed. It's only granted in serious cases, where someone's safety could be at risk, for example. We have reason to apply for this, but luckily didn't need to once we found out it wouldn't be advertised in our local paper after all.
C. x |
| Snow Dog |
Posted - 20 September 2008 : 21:52:25
I was just thinking that. I am pretty sure that I haven't seen them in the local paper, but I know they are in the regional paper, so that may not be as depressing as I first thought. Even better if the OR doesn't advertise it. Worrying though. |
| BankruptC |
Posted - 20 September 2008 : 21:51:45
The funny thing with ours Paul is that we did just that and found them in our local freebie paper. Then whe we actually went BR and asked where it gets advertised, we were told the big regional one. It turns out only the business BR's go in the local free one. Very odd!
C. x |
| Reviva UK |
Posted - 20 September 2008 : 21:48:14
It is probably worth mentioning that it is not always advertised and is up to the local OR. the notice is also hard to find and is very small being half the size of a matchbox.
I would encourage you to buy the local paper and try to find the adverts. Often they are in the large regional paper rather than local paper.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| Snow Dog |
Posted - 20 September 2008 : 21:47:09
This is true C. but it is really depressing. Ah well, I guess its inevitable, so I had better get used to the idea. Thankfully the newspapers are soon thrown away |
| BankruptC |
Posted - 20 September 2008 : 21:42:28
Don't worry, snow dog. I panicked about it too, but how many people do you know who read the insolvency notices? I panicked because I'm a teacher andwas really worried what the parents would think about a bankrupt teaching their child, but so far nobody has mentioned it at all.
Chin up hon.
C. x |
| poopedmass |
Posted - 20 September 2008 : 21:38:35
hi, as soon as we gave our creditors the BR number all the calls stopped.. and we were getting hourly calls, feel like a huge weight has been lifted now, just the OR interview to go. |
| Snow Dog |
Posted - 20 September 2008 : 21:37:43
Oh my goodness..that is a nightmare! |
| BankruptC |
Posted - 20 September 2008 : 20:35:25
Hi again!
Yeah, they do put your address in the paper, and your occupation too.
C. x |
| Snow Dog |
Posted - 20 September 2008 : 20:25:10
Thanks Paul. |
| Reviva UK |
Posted - 20 September 2008 : 20:20:30
Hi
lets have a conversation tomorrow. I will then contact all your creditors on monday and have conversations from there.
I will send you an email with the info I will need to contact the creditors.
Paul
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| Snow Dog |
Posted - 20 September 2008 : 20:04:07
Thanks C, well that is re-assuring. I think we will take that road too.
Another question! When you go bankrupt and your names go in the local papers, do they just put your names, or do they put your address too? And do they put any other information?
Thanks. |
