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dazed and confused
Junior Member
United Kingdom
475 Posts |
 Posted - 08 September 2008 : 16:16:42
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Hi Julian and thanks for your reply!
So would the allowances for food, clothing, fuel etc. in BR be similar to the DMP?
I seem to remember thinking that they are slightly higher in BR than a DMP? |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 08 September 2008 : 17:53:18
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Hi D&C,
DMP's and IVA's are down to creditor acceptance and as such, they tend to squeeze expenditure down as much as possible to maximise payments. In BR, creditors have no say, and as a result, I believe the allowances are far more reasonable and realistic.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 08 September 2008 : 20:42:39
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Hi and thanks for your reply again.
Sorry, I have one more question if you don't mind - in your opinion, would the OR see it more favourably if I was to go BR now or after first trying a DMP? |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 21:18:51
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Hi
I don't think that really matters.
what you need to do is work out what the best solution is for you and plan your time line and get your "ducks in a row" so you are fully prepared:-
i.e. documents for OR, home, bank account , funds for Br work knowing etc etc etc
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 08 September 2008 : 22:15:22
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Hi Paul
Thanks for your reply. I am not sure if you've read my whole post?
Well I still feel that if I am to make it out to Canada and be with my girlfriend then I would prefer to keep making payments to my Creditors through the DMP and see what my situation is just before I am due to go out there. BR may be my option then but it depends on a lot of things.
I am worried that if I were to go BR now that my Employers would have to know, and my Landlord, and that financially I may not be able to make it out to Canada at all. I would be absolutely distraught to not make it out there, as would my partner.
Do you think this would be acceptable to the OR? Could they stop me going? Would I get a BRO / BRU, or worse?
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 22:30:55
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Hi
i have read your previous posts and suspect that you are on thin ice.
The OR may deem that you have manufactured the position to be Br whilst abroad and not incurring anu of the challenges of Br.
It would be wholly probably that if they felt this way that you would incur an extended BRO
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 08 September 2008 : 22:57:15
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Hi Paul and thanks again for your reply!
Yes I understand that my situation is a tricky one.
But if I could show to the OR that I have made all reasonable efforts to get employment for the year that I am away and that the idea of going to Canada came way before any thought of going BR would this be acceptable to them?
I understand that the OR could potentailly see it that I am in some way trying to 'run away' from the restrictions / challenges of BR but what if I was to voluntarily ask them to extend the period of being an Undischarged Bankrupt to when I returned to this Country? Is this the same as a BRO / BRU? I would be quite willing to do this, and would be able to offer them a definite payment into an IPA / IPO after my year away as I would have my old job back in the UK...
Would this be possible? |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 23:03:37
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suggest you have a conversation with either an expert or the bankruptcy helpline for the forum to go over the situation as some length.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 08 September 2008 : 23:13:14
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Hi Paul
I have already had a conversation with one of the Experts and they were very good and they explained a lot of things to me and cleared a lot of things up in my mind.
I felt a lot better after the phonecall and more comfortable but now I feel really worried and scared and confused again!!!
I just don't know what to do for the best...
I just want to be completely honest and open about things but am really worried that by doing so I may end up not being able to go to be with my girlfriend in Canada.
It's a tough one!!! |
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OR meeting over the telephone from abroad?
