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Markdd58
Starting Member
4 Posts |
 Posted - 06 November 2015 : 18:22:05
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| I received a bankruptcy order against me, I forgot about the date set if I missed a payment & subsequently missed the payment, on a previous occasion I received a call from the creditor. my debts were manageable but now have to be paid in full. On the day after the petition (but before I received a call) I used large sum of money & then took the rest out of my bank to make payments, that money has gone now due to me having to suspend business activities. What will the OR do? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 06 November 2015 : 20:10:20
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Hi and welcome,
I suggest you speak to the OR as soon as possible. You should not have used the money once you had been bankrupt.
You may well have been given a BR restriction which could last for a good few years.
Speak to them.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 November 2015 : 06:09:58
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Hi,
did you make payments to the creditor the day after your bankruptcy? If you did, just explain this to the OR.
What did you use the large sum of money 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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Markdd58
Starting Member
4 Posts |
Posted - 07 November 2015 : 10:55:17
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Due to the CCJ my tenancy agreement states I pay 4 months rent in advance this took up a sum, I am also a builder & without materials in cannot work so I paid for these. I also needed to finish furnishing my house.
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 November 2015 : 14:03:46
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Ok, have you had your OR meeting yet? You just need to explain exactly what you've done. As Niobe has said, you may get a bankruptcy restriction order.
Make sure you have all the receipts for everything you've spent.
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 November 2015 : 14:08:05
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As Viki says - have you had your meeting? When was your court hearing?
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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Markdd58
Starting Member
4 Posts |
Posted - 07 November 2015 : 14:11:47
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That's not a problem, I was far from insolvent & was in the process of having the CCJ overturned, I just missed a payment.........I now earn far less & do not have a bank account, some of the money has gone on cost of living in the few weeks since the bankruptcy, things that do not require receipts?
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 November 2015 : 14:27:30
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Has the order actually been issued?
You did say you had furnished your house - you should have receipts for that and also building materials that you purchased.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 November 2015 : 15:21:31
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Every day expenses and household outgoings are fine, if you've been buying big purchases from money that would have been classed as an asset then you'll get a restriction order.
Have you spoken to the OR at all since the date of your bankruptcy order?
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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Markdd58
Starting Member
4 Posts |
Posted - 07 November 2015 : 15:42:49
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I had to miss my original meeting due to illness, it is next week now
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 November 2015 : 16:01:50
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Take all receipts with you and proof that you needed to spend the money.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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I forgot about a bankruptcy order against me.
