| T O P I C R E V I E W |
| ian.johnson42 |
Posted - 13 July 2009 : 10:08:25
I was discharged from BR in Jan 04 I want to file again what restrictions may be put in place thank you |
| 7 L A T E S T R E P L I E S (Newest First) |
| ian.johnson42 |
Posted - 14 July 2009 : 07:20:40
Yes BR is my only option now as I have done DMP and dont earn enough to do a IVA but thank you all for all your kind advice |
| debtinfo |
Posted - 13 July 2009 : 18:29:36
Hi there should be no BRU for a double bankruptcy in this case as the one in Jan 2004 was under the old legislation. The BRO/BRU cannot take into account the first bankruptcy as it was under adifferent legislative system |
| gettingoutofdebt |
Posted - 13 July 2009 : 16:00:32
Chances are that you will end up with a BRU as you will be declaring BR for the same reason twice. Although a BRU isn't good it isn't the end of the world. It will mean that you won't be able to get any loans or credit cards for a few years, which isn't a bad thing.
If BR is your only option then it's best to go for it and try not to worry about a probable BRU. |
| ian.johnson42 |
Posted - 13 July 2009 : 15:05:26
HI My last bankruptcy was credit cards and bank loan this time its same thing but my bank made it worse as I kept going in saying struggling with the payments all they wanted to do is lend me more and more till now am in the same situation only thing I did do is buy new tv but thats 1 + 1/2 years ago |
| gettingoutofdebt |
Posted - 13 July 2009 : 14:57:30
quote:
Originally posted by Melanie.n
there would also be no automatic discharge
Do you mean Early Discharge or does the 2nd bankruptcy last for longer than the 'normal' 1 year period? |
| Melanie.n |
Posted - 13 July 2009 : 12:23:03
there would also be no automatic discharge
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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| gettingoutofdebt |
Posted - 13 July 2009 : 10:25:18
Depending on your reasons for declaring BR this time you may end up with a BRU but this will really depend upon you reasons for BR last time and this time. |
