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T O P I C R E V I E W
erikajayne
Posted - 05 February 2009 : 23:07:34 Keep smiling!
2 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 06 February 2009 : 09:58:24 Hi there
my advice would be to contact and Insolvenct Practitioner (IP) who will go through your personal circumstances with you and provide the right advice for our personal situation - you will find highly recommended IP's on the sister site iva.co.uk or by reading reviews on iva.com Check the company you approach provide a free advice service (many do) and you can then provide all your personal circumstances and receive the appropriate advice
Hope this helps
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles 01446 711780 melanienicholas@jonesgiles.co.uk
Reviva UK
Posted - 05 February 2009 : 23:44:45 Hi
firstly you will need to review all the solutions to debt and see how each apply to your situation.
The solutions are:-
Debt management Individual Voluntary Arrangement Refinancing ( consolidation) Bankruptcy or a lump sum negotiated settlement.
The solution will really depend upon your individual situation, are you working and do you have disposable income each month.
If Br is the right solution for you then you need to do either
1. fly back to the UK and submit your Br petition yourself ( possibly at the High Court depending upon how long you have been away)
2. Hire a company who can act on your behalf at court. They will need to complete a Lasting Power of Attorney, have it authorised by the Office of the Public Guardian ( £150) and then they can represent you in the court proceedings and with the Official Receiver.
Typically these services start at around £700 plus court and LPA fees.
Paul Johns Assisted Bankruptcy Specialists Reviva UK 08454 751 851
