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billh
Junior Member
140 Posts |
 Posted - 08 September 2008 : 17:30:07
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Due to bad advice prior to bankruptcy, my friend declared bankrupt for 13,500, we thought the best action was to anul same , Looked like it was going to cost 25,000, and she had arranged to borrow that money from Mum, however now push comes to shove and the cost is horrible, total 36,000 , is she being conned ? tricked ? Should we be taking a different course of action ? I fear very much to late as a year is nearly up
there is half a house at stake..
thanks for any input.
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 September 2008 : 17:40:43
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Hi Billh
Im not sure on this situation but maybe one of the other experts can give you more advice on your situation.
Hang on in there.
Take care
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 08 September 2008 : 17:43:25
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Hi Billh,
If there is a house at stake, is there equity in it? If so, the OR has probably appointed a private sector trustee to oversee the realisation of the assets and their fees usually start around the £25k mark. It sounds like (in this case) that there is a sizeable trustee fee involved, and you cannot get an annullment without the trustee's permission. The upshot is that I'm afraid you're stuck with it.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Should we be taking a different course of action ?
