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Alnoor
Starting Member
2 Posts |
 Posted - 05 January 2011 : 22:04:27
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| what kinds of questions will the offical reciever ask? |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 06 January 2011 : 09:04:53
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For personal BR they will pretty much go through the SOA so will need to know:
- The reason you initially took out the credit
- When you took the credit out
- The monthly repayment
- How you got into the financial position you are now i.e. needing to declare BR
- Any assets i.e. car, house, etc.
- Your I&E
Personal BRs interviews are normally held via the telephone. If you are declaring Business BR then you will probably be invited to attend an interview in person as the OR can need more information. |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 06 January 2011 : 15:06:55
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Hi,
as gettingoutofdebt said you'll be asked about the information you have supplied in your SOA, but one other question always asked is:
Was there a realistic expectation that when the loan/credit was obtained, that the payments could be met?
Also from your other post:
BUISNESS WITH RESIDENTIAL PROP
200K SECURED COMM LOAN AND 56K MORT .CAN THEY REPOSSES WHOLE PROP EVEN IF I HAVE KEPT UP WITH 56K MORTG PAYMENTS BUT NOT THE 200K COMMERCIAL PAYMNTS?
I would say that you would definitely be interviewed face to face over your business affairs, but only if you are trading as a sole trader, if the commercial loan is tied in with a company it wouldn't, unless of course you PG'd it(personally guarantee).
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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what kinds of questions will offical ask ?
