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rollercoaster
Junior Member
United Kingdom
327 Posts |
 Posted - 07 May 2012 : 15:54:32
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Hi.
went bankrupt in 2008. discharged 2009. charging order on house in 2011 for £3300 each (myself and spouse)
Was wondering what next? was saving to pay one charge off at a time but should the OR have contacted us? who do we contact to pay off the charges? can we pay one then the other? can we leave them there until we sell up? can we pay installments instead of saving? do they affect credit rating if they stay there once the 6 years is up? thanks  |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 May 2012 : 16:27:44
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Hi,
I could be wrong but once you have been discharged, unless you have an IPA then the OR will have nothing to do with you now.
I think the onus is on you to sort out with the creditors how you are going to pay these off.
I do stand to to be corrected though.
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
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 May 2012 : 17:03:30
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Hi Rollercoaster,
Yes, you can leave it until you sell but I advise you try and pay it off as soon as you can and yes, you need to contact the OR to pay this off, they will give you all the information.
Good luck and please let us know how you get on.
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 |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 May 2012 : 17:09:23
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Apologies for that - I do stand corrected!!!
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
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 May 2012 : 17:16:08
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No, you were right Jan, it's just in rollercoaster's case, it's the OR who actually put the charge on the property for the equity. I remember him/her posting about this before.
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 |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 May 2012 : 17:18:36
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Right - didn't realise that. Thanks Viki.
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
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debtinfo
forum expert
2826 Posts |
Posted - 07 May 2012 : 18:39:11
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| As viki says you can leave it until discharge, the OR wont come and try and kick you out or anything like that, but statutory interest will be being added at 8% so if you have the money and dont have a more pressing need for it then paying off would be a good idea as it is likley to be higher interest than your mortgage |
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charging order
