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T O P I C R E V I E W
shootthepostman
Posted - 30 January 2009 : 19:50:17 hi there I am really new to the site but have already found it very informative and supporting. I was wondering if anyone could help. i have just booked for bankruptcy and was a little unsure to where i stand in regards to my rented property and the OR . My tennancy ends next month and due to our crediting ratung we had to pay 6 months in advance . when my tennancy ends i will be paying a further 6 mnths in advance. when i go bankrupt will the official receiver claw back my rent from the landlord or take money from us month to month seeing as we have paid in advance. The tennancy needs to be renewed about 6 weeks after the bankruptcy date and obviously we have to keep that money aside. please could anyone tell us how this would be dealt with by the or .
many thanks to anyone who cam help
2 L A T E S T R E P L I E S (Newest First)
John
Posted - 30 January 2009 : 20:00:51 Hi
as long as you can demonstrate that the 6 month advance payment was a requirement and not a choice (details of the AST T&C's) and that the same will apply at 6 monthly renewal (so that he doesn't ask for the interim payments) the OR should accept your situation as long is the rental is also at a moderate level.
Remove the money before BR and explain the reasons for it to the OR at interview.
Reviva UK
Posted - 30 January 2009 : 20:00:07 Hi
The OR will understand the issues regarding the credit rating and Br but I strongly suspect that if you have a lump of cash help back fot this and go br first then iot is at risk.
Strongly suggest you delay br until you have sorted the home out then go br afterwards.
much better idea and safe
Paul Johns Assisted Bankruptcy Specialists Reviva UK
