i was made bankrupt by hm customs and excise in june 06 we were already in the pocess of selling our house with the capitol of £40,000 the insolvency company who was appointed to deal with my matters took £20,000 due to being joint mortgage with my wife my total debt 0wing is approx 13500 i have not heard from the insolvency in 9 months when i refused t pay £150 per month for three years because in my eyes they have the money plus change to pay of the outstanding debts can anybody please advise
From the figures dscussed I would be very surprised if there were any change left from the 40,000
There are the costs of the trustee, the Insolvency Service, The Goverment % of what is achieved from your estate ( Ad velorum fee)
The 150 per month would seem to be an Income Payment Agreement which is based on a percentage of your monthly disposable income and is payable for 3 years. If they have not pursued you for the agreement ( usually collected by Clark Willmot & Clark solcitors in Taunton) it may mean that the funds in the house were sufficiant to cover everything.
The could have pursued you for an income payment Order which is stamped by the court but again their not doing so may mean you are free from the burden.
Are you now discharged? You can check on the insolvency web page.
help please
Posted - 06 March 2008 : 18:38:33
