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fire1fire1
Starting Member
6 Posts |
 Posted - 16 December 2010 : 04:08:53
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hi
can any one tell me in bankruptcy with a bro,
would i still be discharged after 12 months?.
if i inherited a house after discharge but still in bro, would you still have to pay money back to creditors.
regards dave. |
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debtinfo
forum expert
2826 Posts |
Posted - 16 December 2010 : 07:57:48
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yes you are discarged after 12 months
you would be able to keep the inheritance
remember though that the day you inherit is the day the person dies not when you receive the money |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 17 December 2010 : 12:39:58
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Hi
Hello Dave
yes, with a BRU you will still (normally) be discharged after 12 months. There are certain circumstances where a decision to discharge is held in abeyance - this is quite rare and normally applies when there is a problem with the investigation or where the BR has not cooperated with the OR
A valid point made by Debt Info on the inheritance of an asset
Are you BR now and have you been told of an inheritance?
Richard
Richard
"There are no problems - only solutions" |
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fire1fire1
Starting Member
6 Posts |
Posted - 17 December 2010 : 16:23:51
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hi
thank you again for all your help on this forum.
im not br yet, still at the stage of submiting a iva but im sure this will fail with an offer of 130 to 5 creditors and 25,000 debts.
my parnents are leaving there house to me but hope that they will be around for a long time yet, just checking how things work in bankcruptcy.
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 17 December 2010 : 18:29:23
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FIRE FIRE
if you are certain an IVA will fail why waste the energy looking at it ?
you have asked a question about a BRO, you may have concerns about something that has happened in the past. (edit after post ..It may not be as bad as you think !)
can i suggest speaking or emailing direct one of the experts, they collectivly have a vast range of insolvency experiences / knowledge, once one of them has all the facts they may offer solutions and perhaps put your mind to rest.
good luck Richard |
Edited by - Richard P on 17 December 2010 18:31:47 |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 18 December 2010 : 15:21:00
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Hi fire1fire1,
If you are already in the stages of having an IVA proposed, then why not see if it is accepted or not before you consider bankruptcy, which your IP will be able to advise on.
Of course, you can always speak to an expert on here at any time too.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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If I inherited a house after discharge ?
