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Corrina
Starting Member
23 Posts |
 Posted - 08 February 2011 : 22:38:48
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| hi i have been to court today and had a bancryptcy order put on me what happens nowwhen i asked the judge about the official reciever how and when he said he didnt really know will they just turn up ? |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 09 February 2011 : 08:49:34
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Hi Corrina,
Do you have a business?
The Official Receiver will be in touch by phone to set a meeting up with you which is done over the phone or face to face. They won't just turn up at your home.
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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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 09:50:22
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thankyou viki no i dont have a business just my house
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glafy
forum expert
436 Posts |
Posted - 09 February 2011 : 10:36:19
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Hi Corrina.
Welcome to the forum.
Kepp posting on here for any advice/information, There are lots of Expert on this site who will try to answer any questions you may have. Lots of us Non Experts too who can provide you with a bit of moral support or shoulder to lean on.
Good Luck & Welcome to the forum.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 12:13:26
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thankyou gaffy as i said on my previous post i went to court yesterday and this was done for bancryptcy i walked out of there bewildered as the judge couldnt tell me who when where how i have an appointment with a solicitor tomorrow as i do not have a clue only what i have read on here i no i am very scared about what will happen with my house but cant answer any questions i keep asking myself until i get advice
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 09 February 2011 : 12:14:38
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Hi Corrina
The OR will normally contact you within a few days of the court.
this will be an initial hello and confirm name and address.
An appointment for either a phone interview or face to face interview will be made.
if you have listed on your statement of affairs, an asset (Rembrandt, vintage car, etc ) they will arrange a time to collect.(only cold call if you do not cooperate)
from the time the judge puts a signature on the court order all of your possessions (ownership title) passes to the Official receiver. The OR then releases ownership over a period of time.
Once BR you could not even if you wanted too (?) give any of your assets to any of your creditors.
RIchard |
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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 12:29:14
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i havent listed anything i didnt write anything the only information the judge had was what the debt company gave him it was taped but that was it yes i own my house it is so confusing
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glafy
forum expert
436 Posts |
Posted - 09 February 2011 : 13:01:27
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This is a very bewildering time for you Corrina but as you will have read, The Experts will try to answer as many questions as possible so do keep on posting any queries.
When the Official Recievers (OR) office telephone you, they will ask if you have any questions and will want to ensure that you fully understand the process. It is probably a good idea to get started on writing down anything you want answers to, as it will be hard to remember all the questions that are buzzing around in your head!!
I think it is possible to ask for a face to face interview & you may feel better doing this than talking over the telephone.
Let us know how things progress.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 13:05:52
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thankyou glafy for that as i said i have moved into the unknown before i went in to see the judge had to sit in a room with the debt company that took me to court i told him i really didnt understand he told me the or will just come in maybe the next day or the next few days i was so scared until i posted on here and was told that would not happen the most important question i need to ask them are about my house i no if i added my debts together they would be more than the equity in the house but dont no anything further
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 09 February 2011 : 13:14:49
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HI Corrina
you can ask for a face to face but if the OR suggests a telephone interview take it.
The OR is not a monster, they will help the best they can , yes they have a job to do and as long as you answer the questions truthfully and to the best of your ability / knowledge, neither style of interview should upset you.
yes the apprehension can be stressfull
Richard |
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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 19:51:08
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what exactly does negative equity mean please anyone
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 09 February 2011 : 20:21:27
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It means that your house is worth less than you owe on it, i.e. house worth £150k, mortgage £200k.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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Corrina
Starting Member
23 Posts |
Posted - 09 February 2011 : 21:51:55
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thankyou tracyjr for answer
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Corrina
Starting Member
23 Posts |
Posted - 10 February 2011 : 19:55:42
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hi just to let no how i am doing i have spoke to a solicitor today and feel a little bit more at ease however on returning home have my bancruptcy pack through the post and now have my or meeting on the 22nd february scared a lot one thing i want to ask have been told not to pay any of my debtors but i can still pay my mortgage cant i cos i dont want to be in trouble with them as well can anyone help please thanks
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debtinfo
forum expert
2826 Posts |
Posted - 10 February 2011 : 20:01:03
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| yes you can still pay secured creditors |
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Corrina
Starting Member
23 Posts |
Posted - 10 February 2011 : 20:02:36
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secured creditors ? i have got debts but nothing secured on my home they are unsecured debts so only my morgtage really ?
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Will the OR just turn up ?
