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Angela.97
Starting Member
45 Posts |
 Posted - 25 June 2012 : 11:39:01
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| Hi, would appreciate any help, I have released equity in my house over the years,will or want to know what I spent money on, I am not in any arrears with my mortgage, thanks |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 25 June 2012 : 12:09:42
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Hi Angela,
Usually when you have remortgaged, then yes, the OR will want to know what it was for.
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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year 2029
Average Member
590 Posts |
Posted - 25 June 2012 : 13:04:07
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Hi Angela,
When was the most recent time that you released equity?
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Angela.97
Starting Member
45 Posts |
Posted - 25 June 2012 : 15:03:37
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quote:
Originally posted by year 2029
Hi Angela,
When was the most recent time that you released equity?
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought.
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Angela.97
Starting Member
45 Posts |
Posted - 25 June 2012 : 15:05:47
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Hi, it was about 6 years ago, I am so worried. About this o.r interview
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year 2029
Average Member
590 Posts |
Posted - 25 June 2012 : 15:09:19
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Hi Angela,
The OR interview is nothing really to worry about.
Its your first, but they've done loads, and I found mine very straight forward.
Your release of equity was over 5 years ago, so will be surprised if it even comes up in interview.
Its also not on your SOA.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
Edited by - year 2029 on 25 June 2012 15:22:13 |
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year 2029
Average Member
590 Posts |
Posted - 25 June 2012 : 15:27:08
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Just to add,
I had various property the date I went bankrupt, all with various mortgages, and the majority had at some stage or other been remortgaged at some stage or other with the purpose of aquiring further property.
I was never asked about remortgages.
I was aksed to provide current statements of all mortgages.
I was asked about how I disposed of funds from the sale of a property, within 5 years of the date of my BR.
Hope this helps, and if you read through most peoples testimonials, they will say that the OR interview was easier than expected.
I had no idea what to expect, as I had mine nearly straight after seeing the judge!
Let us know how you get on.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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James Falla
forum expert
45 Posts |
Posted - 26 June 2012 : 15:36:03
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Hi there Angela
As Year 2029 has said, it would be very surprising if the OR was concerned about equity that was released from your property more than 5 years go. Transactions at undervalue and preferential payments are generally not considered to be relevant in bankruptcy if they happened more than 5 years ago. So even if you used the money from the remortgage for anything like that it would not be an issue now.
Debt solutions expert and author.
If you would like further help or guidance visit www.beatmydebt.com
Alternatively I can be contacted via e-mail: james@beatmydebt.com |
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year 2029
Average Member
590 Posts |
Posted - 26 June 2012 : 15:53:04
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Hi Angela,
I hope the replies from me and James have reassured you to some extant.
:-)
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 June 2012 : 16:35:39
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Good luck Angela - I'm sure you will be ok.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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Angela.97
Starting Member
45 Posts |
Posted - 03 July 2012 : 22:12:48
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quote:
Originally posted by Niobe
Good luck Angela - I'm sure you will be ok.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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Angela.97
Starting Member
45 Posts |
Posted - 03 July 2012 : 22:16:41
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Had interview todayand everything went well, the o r was a lovely lady and didn't judge me,thanks everyone for your help, much appreciated
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 03 July 2012 : 22:31:40
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That's good to hear Angela, glad it went ok.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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Viki.W
forum expert
United Kingdom
2211 Posts |
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year 2029
Average Member
590 Posts |
Posted - 04 July 2012 : 00:35:52
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Hi Angela, glad it all went well.
Keep posting!
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Hi, would appreciate any help
