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11waterloo
Starting Member
2 Posts |
 Posted - 11 January 2009 : 20:58:26
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Hi Jo
Thanks for the welcome.
i've read alot of your posts and you're certainly doing a great job and are an inspiration to to alot of people on here.
Personally, i'm going bancrupt owing £75k plus , in a couple of weeks time. I've done most of my research and i'm pretty much ready (as much as you can be in these situations)
Only thing slightly worrying me is that i sold my half share of an asset (£25K) just over 2 years ago to pay off debts to a family member and the fact that the rest of my debts were caused due to speculation on the stock market. I've not increased my debt for over 2 years and have spent all that time in a debt management scheme.
I have no choice now other than to go bancrupt and since i no longer have a beneficial interest in a property anymore, there's nothing much stopping me now.
Since i sold my asset (at full value) over 2 years ago,i know they cant reverse the transaction, but i'm trying to anticipate whether my actions over the last 15 years warrants a BRO. Hope not, but impossible to get a conclusive answer until you've actually gone bancrupt and of course by then it's too late.
Any advice then please let me know
Jonny |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 12 January 2009 : 10:25:58
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Hi Jonny and welcome to the forum.
As long as any asset disposal was done at market value, the OR does not have the power to unwind this. In addition, given the fact it was over 2 years ago, this disposal was done without the knowledge you were going BR. I would sugegst you'll be absolutely fine and I sincerely doubt this would warrant a BRU/BRO.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 12 January 2009 : 10:44:39
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Hi Jonny
Thank you for your kind words, i aim to please and help to ease those worries that we all have at this time in our lives.
Julian has answered this post for you, but do keep posting any questions or worries that you may have and we will all try and help you out.
LOL
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
23 Weeks down
29 to go
For more info on how i have come through bankruptcy and for links to help with filling out the forms, I&E, Car Valuations, etc, etc, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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| bankruptcyhelp.org.uk Forum |
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Hi Jo
