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glafy
forum expert
436 Posts |
 Posted - 10 February 2011 : 20:34:47
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Hi Corrina
Mortgage is a secured loan. Yep if you can, then pay it. Unsecured loans can be other things like credit cards or loans.
I hope one of the experts will be along again to clarify things for you.
Is your OR interview over the 'phone or face to face?
"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 - 11 February 2011 : 08:57:32
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hi my or is face to face glafy
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glafy
forum expert
436 Posts |
Posted - 11 February 2011 : 09:38:41
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quote:
Originally posted by Corrina
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
Hi Corrina
Quick question,
Did you pay a debt company to assist you in your BR?
"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 - 11 February 2011 : 10:02:07
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no glafy i did join a debt company who told me they could stop this going to court for a bancruptcy they took my money £150 then phoned me and said the solicitor for the debt company was not prepared to listen or take what they were offering a month and therefore i went to court i feel that they took my money and didnt actually know whether they could help me but just told me they could the solicitor i went to see yesterday which was just an informal chat told me i was within my rights to ask for my money back
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Corrina
Starting Member
23 Posts |
Posted - 11 February 2011 : 11:12:23
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i have seen a post on here for the different wordings bro and bru cant seem to find it now i wanted to know exactly what these two mean thanks
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 February 2011 : 12:01:30
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A BRU is a Bankruptcy Restriction Undertaking. This is offered to the bankrupt by the OR.
A BRO is a Bankruptcy Restriction Order - if the bankrupt won't agree to the BRU the OR can apply to the courts for them to enforce a BRO. This is often longer than the BRU.
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 - 11 February 2011 : 12:11:17
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for what reasons would this be offered to the bankrupt person and what is different about it am sorry i sound thick but i am in the unknown here and appreciate any help i can get thanks
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 February 2011 : 12:35:15
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If, during his enquiries the OR decides that a person has been dishonest either before or during the bankruptcy, or that they are to blame for their financial position they may decide a BRU / BRO is appropriate. Both last 2-15 years, but a BRU does not have to go before the court, whereas a BRO does.
I would recommend you contact any of the experts who post on here as they will be able to advise you and hopefully put your mind at rest.
There is also a lot of good information on the Insolvency Service website - www.insolvency.gov.uk.
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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glafy
forum expert
436 Posts |
Posted - 11 February 2011 : 15:52:22
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Hi Corrina.
Don't worry about asking questions, that is what the forum is for.
I agree with Tracey, it may be worth you speaking to one of the experts on here. That would probably be a big help to you.
There is a experts link on the left of the page.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Will the OR just turn up ?
