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Niobe
Administrator
United Kingdom
4590 Posts |
 Posted - 20 April 2011 : 17:46:35
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I have just read on another debt site that the BR fees are due to go up in June to £700! How on earth do they expect people to afford that!
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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debtinfo
forum expert
2826 Posts |
Posted - 20 April 2011 : 18:16:57
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The same way they afford them now
Unfortuatly this is the result of giving cut price DRO's to the most vulnerable people |
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Viki.W
forum expert
United Kingdom
2211 Posts |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 20 April 2011 : 18:50:11
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They won't be able to afford it - simple as!
I think it is a total disgrace!
I have no problem with the DRO.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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debtinfo
forum expert
2826 Posts |
Posted - 20 April 2011 : 19:34:57
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| ahh, but, the point i was making, is that these things cost money to put into action, the fact that they have reduced the fee to £90 for people who go for DRO's means that they are ineffect subsidised by the people who go for the full bankruptcy hence the raised fees, the money has to come from insolvents in the end one way or another |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 20 April 2011 : 19:41:12
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I still think it is a disgrace. It would cost us about three months IVA fees to afford BR for two of us. Fine if you are in an IVA and failing it - not good if you're not.
I still have no problem with a DRO.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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debtinfo
forum expert
2826 Posts |
Posted - 20 April 2011 : 20:02:55
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its also worth pointing out that an average bankruptcy still costs £1715, and the bankruptcy deposit of £525 still means bankrupts only pay 1/3 of the cost up front, in some european countries you cannot enter bankruptcy at all unless you can pay the full cost.
BTW i dont have a problem with DRO's they were needed, just pointing out the cost implications for others of doing them |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 20 April 2011 : 20:09:42
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Not arguing with you debtinfo - just think that the BR charges are getting way out of hand now. If you have been in an IVA then you can probably save BR fees if you fail the IVA. Otherwise you are liable for the whole lot.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 20 April 2011 : 20:32:37
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I agree that it's getting out of hand now. When I went BR 4 years ago it cost £475 or £485 and for the fees to increase by over £300 isn't good. How do they expect people to find £700 when they are already struggling?
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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mistake09
Starting Member
49 Posts |
Posted - 20 April 2011 : 22:55:29
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| 700 pounds is a joke, the 475 i paid in 2009 was impossible to find, i had to lend it off family, what happens if you have lost your job and thats why your going BR? how can the person who made this fee legal look you in the face and say its fair?? 700 pounds thats shocked me, debtinfo, this isnt a go at you but you dont sound like you have been in the position of having nothing 'the same way they afford it now', thats along the kerry katona line ' im skint'!! |
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debtinfo
forum expert
2826 Posts |
Posted - 20 April 2011 : 23:11:15
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| no but i do have friends in the 500 staff that are being made redundant as the IS has to reduce costs and increase fees |
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mistake09
Starting Member
49 Posts |
Posted - 21 April 2011 : 03:32:11
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| if jobs are being lost then fees dont have to go up much if at all then? less wages to pay out, or is it a case the owners/ directors are trying to re-coup some losses after the recession?? taking from average joe again, years ago i worked for a small building firm and we all got a 7% pay increase over 4 years, government got a 24% pay rise over night but thats a different matter, anyway we got the first payrise and the same week our gaffter reduced our hours, it suprizingly kept his wage bill the same as before, coincidence???? |
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mistake09
Starting Member
49 Posts |
Posted - 21 April 2011 : 03:41:57
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| once again my theory on life (you can only really judge/comment/understand something if you have lived it for yourself and know what it feels like rings true, and thats not a slur on anyone who hasent been through BR or any of the other forms of debt relief. just for a second imagine theres only the crust of bread left and to make a sandwich you have to thinly slice it into two slices, for that second money is that tight, your tea bag is on the fourth cup and basically tastes like warm milk, at that very moment you realise 700 pounds might as well be 70,000 pounds, just thought its worth thinking about, just for a second |
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glafy
forum expert
436 Posts |
Posted - 21 April 2011 : 09:16:16
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£700??????????? Really??????????
OMG It's only just increased too!!
That is awful.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Topic |
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BR fees
