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| T O P I C R E V I E W |
| 1973nl |
Posted - 25 March 2009 : 10:57:25
Now my IVA proposal has been rejected, I can see my only other option to be BR.
I now have some BR related questions, that hopefully someone will be able to answer!
What info does the OR need once you have been declared BR? The reason I ask, is I never keep card statements, all my bank statements are online as I opted out of paper statements. i'm worried the OR will want statements going back years and I haven't got any! Other people must be in the same situation.
How does an IPO work? Once you have declared all your income & expenditure how much of your DI thats left does the OR take?
I will have more and more questions, but these are OK for starters!!!
Many thanks in advance
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| 3 L A T E S T R E P L I E S (Newest First) |
| xmas baby |
Posted - 25 March 2009 : 13:57:30
The OR requested 6 months of bank/credit card statements from me. I have most of them, but there are a few gaps, but I assume the OR can get these directly from the creditors if they need them. I had £390 DI after all my expenses were taken into account and an IPO of £260 has been proposed, which amounts to 66% of DI.
xmas baby |
| Skippy |
Posted - 25 March 2009 : 11:27:39
The OR will want statements, but don't worry if you don't have them as they can get them from the bank themselves.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
| Niobe |
Posted - 25 March 2009 : 11:13:39
I'm not sure whether the OR needs statements or not - one of the experts will be able to answer that one.
As to the IPO, if, after all your expenditure, you have more than £100 DI left a month, then between 50 and 70% of that is taken for three years.
The glimmer gets brighter all the time
Jan
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