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 i have recently divorced. Am I eligable for bankruptcy ?
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Craig.bl
Starting Member



1 Posts

Posted - 16 October 2011 :  17:43:19  Show Profile  Visit Craig.bl's Homepage  Reply with Quote
i have recently divorced and have dept due to various loans, and mortgage. before my ex-wife and i divorced we entered an iva dept management program, which has now been split between us, but i am currently living with my parents and struggling badley finantialy. would i be eligable for bankrucy?

Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 16 October 2011 :  19:24:46  Show Profile  Reply with Quote
speak to your IVA provider as the IVA formally has to fail before you can petition for BR.

3 months missed payment.

the court to petition will have to be at the time of petitioning where you have spent most time in preceeding 6 months.. (commonly called your COMI - centre of main interest)

Good Luck Richard,
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 16 October 2011 :  20:01:44  Show Profile  Reply with Quote
Hi and welcome.

Please speak to your IVA provider and see if the company can help you.

Any BR petition will cost you £700 each and you can, if you really want, go BR. Your IVA company can issue you with a failure letter before three months you need it.

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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