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tracy_b
Junior Member
United Kingdom
457 Posts |
 Posted - 05 October 2008 : 16:39:29
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Hi
Really panicking now.
How much debt constitutes fraud? Me and hubby have mega individual debts and worried we will get a bru/bro or prosecuted.
Tracy |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 05 October 2008 : 16:51:36
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I don't think it's how much debt you have that constitutes fraud, more how you actually got the credit.
To be honest, a BRU/O is nothing to worry about - you would still be discharged from BR after 12 months, but you would still be under the restrictions of BR for the duration (up to 15 years). You wouldn't be able to work in certain professions, obtain credit for more than £500 without informing the lender etc.
I know it's easy for me to say, but try not to worry too much - I'm sure it won't be anywhere near as bad as you think x
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 October 2008 : 17:24:55
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Hi Tracy
I agree with skippy its not what you have but how you got it.
I would not worry though thats why we are all here cos of our debts.
Try to relax and chill as i have said. It will be all ok honestly.
But i know how your feeling right now.
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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tracy_b
Junior Member
United Kingdom
457 Posts |
Posted - 05 October 2008 : 18:00:21
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thanks skippy and Jo,
Ijust need reassurance 24/7 at the moment.
thanks again, i really dont know what i'd do without this site.
Tracy x
9th Oct and counting |
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John
New Member
United Kingdom
73 Posts |
Posted - 05 October 2008 : 20:45:41
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Hi
Skippy and Needafriend are absolutely right.
It's quite possible to declare bankruptcy owing millions without getting a BRU/O.
Likewise a BRU/O could be applied with any level of debt, less than £10K for instance.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 October 2008 : 21:00:44
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Thanks for clearing that up for us John.
I am still learning however.
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Almost there
Junior Member
United Kingdom
288 Posts |
Posted - 05 October 2008 : 21:05:51
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Can I just ask a question? when you say 'does it matter how I got my debts', what do you mean, I mean, most of my debts are due to living expenses as well as living beyond my means in the past not to mention robbing peter to pay paul, does that constitute a BRO and did you mean, reckless spending, sorry, I am being a bit ignorant!!
By the way you are doing a great job Joe. This forum is a godsend.
Sandie |
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Trolly-Dolly
Average Member
591 Posts |
Posted - 05 October 2008 : 21:16:27
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Hi Sandie,
I would say that 99.9% of people who go BR with personal debt, accrued it by living expenses, living beyond means and by robbing Peter to pay Paul. The OR sees it every single day, so please dont worry.
However, if you've just got back from a luxury cruise, whilst claiming JSA, then that may not go down to well!
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 October 2008 : 21:20:24
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Hi Sandie
I have just looked through these old posts and cant see to whom the phrase came from. I think its just a general thing the OR will frown upon those who have gambled money, or sold a property and had money that could help towards debts they have when it comes to how we got our debts it can be all different circumstances and thats why the OR looks into them and asks about them. Your not on trial at anytime and BR should never be seen as an easy way out as its not but i think the majority of us got into our mess from like you living beyond our means and robbing peter to pay paul as you say.
The OR will ask how you got to this stage and as you have pointed out towards the end its to live.
Oh and thanks for the words of kindness i try and do my bit :-)
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 October 2008 : 21:22:22
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Evening Trolly dolly,
Nice to see you back. You ok. Is your course finished now.
How are your little girls?
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Trolly-Dolly
Average Member
591 Posts |
Posted - 05 October 2008 : 21:30:08
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Hello My Lovely Mother Hen!
Yes course all finished, have been Stateside and very busy with little girls.
Dont think I'll be able to be an 'expert' afterall as now I'm back working I just dont seem to be able to offer the time.
You are doing a brilliant job by the way!
Still nothing from the OR office. They offered us the BI, but that was over a month ago and so far heard nothing! No mention of interview or IPA either. Also Llyods still have not frozen our account!?!?!
Anyway, sorry to hijack thread!
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 October 2008 : 21:34:43
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Hi TD
Yeah LLoyds have not frozen ours either.
Thats a shame about your expert status but at least you can come on when you have time.
Glad that things are starting to get to normal for you within reason, and that work is going ok.
Hubby moved out yet as i remember you said he will be soon.
Anyhow keep posting as we need you too :-)
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 06 October 2008 : 12:37:29
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Lloyds might not freeze your accounts - they were happy for me to keep mine. The only reason I didn't was because I sent my debit card to the OR (I should have asked to keep it!) and Lloyds would only give me an account with a cash card that could only be used at their machines.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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Topic |
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fraud
