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RHB
Senior Member
1159 Posts |
 Posted - 30 December 2008 : 18:00:03
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| The point I was trying to make that just because the house is on negative equoty now, the OR doesn't HAVE to offer the BI straight away, I THINK they can wait. |
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Crockett
New Member
68 Posts |
Posted - 30 December 2008 : 19:28:50
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Yes the reason I went with my IP in the first place was their good reputation. This is my fault completely for ruling out bankruptcy straight from the word go and being close minded about it when maybe I should have considered earlier. I will definitely phone to discuss on Monday when things should be back to normal. I just feel awful for messing them about.
As for the BI in my property grateful if someone could post an answer. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 30 December 2008 : 19:50:03
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Hi Crockett
You have to do what is right for you, not what other people tell you that you should be doing, if it feels right then go for it. Dont worry too much about the IP they would rather you were happy than you going into something that really was not right for you.
Let us know how it all goes. The house if its in neg equity would be dealt with in this current market quite quickly and if you have no BI then the OR will want it off the books sooner rather than later so hazard a guess you would be offered the chance for someone to buy it within the initial phone call from the OR. So dont worry about that one. If you dont buy the BI then it would stay with the OR for the 3 years then they may do a forced sale, or charging order to secure their monies.
Take care
Jo
x
Wishing you all a Happy Debt & Worry Free 2009
21 Weeks down
31 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
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Edited by - Needafriend on 31 December 2008 09:54:21 |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 31 December 2008 : 00:07:10
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Hi Crockett
I also visit both sites an think a call to Melanie will do you no harm, and i doubt she will think less of you - she will talk through bankruptcy as an option if you ask her to - i was completely set against br at the start of my journey and would only consider iva or dmp, therefore was not given the pros and cons. As it turns out i could not do either and br was the only option and in the end, the best thing i could have done in a long time.
Good luck and please speak to melanie.
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
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Crockett
New Member
68 Posts |
Posted - 31 December 2008 : 15:41:05
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Just to update you I have spoken to Melanie Giles who kindly said I could call her even on New Years Eve and have made an appointment to go into the office on Monday to further discuss my IVA. As Melanie discussed with me it is of utmost importance to her and myself that I am happy with what I am doing before proceeding.
Thanks Melanie for the chat today.
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 31 December 2008 : 16:42:37
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Told you that Melanie is a star!
you couldn't really had chosen better.
Happy new year
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 01 January 2009 : 10:04:04
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So glad you spoke to her - Melanie seems such a professional (as are alot of the experts on these sites).
Keep us updated.
All the best for 2009!!
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 January 2009 : 20:34:21
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You're in good hands with Melanie and her team, and they will give you the best advice.
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/
18 IPA payments to go! |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 01 January 2009 : 20:40:06
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Good luck with speaking to melanie and her team. As the others have said your in good hands there.
Let us know how it all goes :-)
Jo
x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
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Edited by - Needafriend on 01 January 2009 20:40:26 |
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Topic |
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Insolvency Practitioner
