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worriedmum
Starting Member
United Kingdom
4 Posts |
 Posted - 17 January 2011 : 05:59:39
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| hi, i have just been declared bankrupt,i owe about 3800, i have equity in my house, would they allow my partner to pay off these debts as the last thing i want is to lose my house? |
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Blackie
forum expert
United Kingdom
565 Posts |
Posted - 17 January 2011 : 07:05:45
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Hi Worriedmum
It sounds likely that your partner will be asked to contribute as he may be required to purchase your equity in the house by the OR.
Hope this helps.
John Blackadder |
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debtinfo
forum expert
2826 Posts |
Posted - 17 January 2011 : 21:38:05
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| Have you spoken to the OR yet, are you seeking to get the bankruptcy annulled (ie taken back because you have paid all debts) |
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worriedmum
Starting Member
United Kingdom
4 Posts |
Posted - 17 January 2011 : 23:35:07
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quote:
Originally posted by debtinfo
Have you spoken to the OR yet, are you seeking to get the bankruptcy annulled (ie taken back because you have paid all debts)
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worriedmum
Starting Member
United Kingdom
4 Posts |
Posted - 17 January 2011 : 23:37:16
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quote:
Originally posted by debtinfo
Have you spoken to the OR yet, are you seeking to get the bankruptcy annulled (ie taken back because you have paid all debts)
i have mentioned to them on the phone that i would like to do, but they said that may be difficult & to wait till i see them tomorrow, can't believe i've got myself in this mess!! |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 18 January 2011 : 00:25:22
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Hi worried Mum,
you have been made bankrupt over a debt for £3,800, but do you have any other unsecured borrowing?(i.e. personal loans, other credit cards etc) as they will also be claimed in the bankruptcy and will also have to be paid, which is the only reason I can think that the OR would say it may be difficult.
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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worriedmum
Starting Member
United Kingdom
4 Posts |
Posted - 18 January 2011 : 23:15:58
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quote:
Originally posted by Bigal4787
Hi worried Mum,
you have been made bankrupt over a debt for £3,800, but do you have any other unsecured borrowing?(i.e. personal loans, other credit cards etc) as they will also be claimed in the bankruptcy and will also have to be paid, which is the only reason I can think that the OR would say it may be difficult.
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"
yes you were right, i also have a joint loan with my partner which i said ok i understand that & then she delivered the big one, i have to pay OR £1700 to them, i know its my fault i'm in this mess, but they don't make it easy! |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 18 January 2011 : 23:25:05
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after you are made Br then to annul the bankruptcy you will need to have all your unsecured debts paid PLUS the official receivers fees.
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851
Real People ..... Real Debt Solutions |
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Would my partner be allowed to pay br debts
