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sott1967
New Member
United Kingdom
67 Posts |
 Posted - 05 February 2009 : 19:51:31
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come on guy's have i got it right or not (my last post)
Your thoughts please
Scott |
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sahara
New Member
United Kingdom
51 Posts |
Posted - 05 February 2009 : 20:00:22
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Hi Scott
I think you have got it right, thats what i have been led to beleive.
My case has been transfered to someone who is trying to give me a BRU if he can get enough eveidence from the creditors.
sarah |
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sott1967
New Member
United Kingdom
67 Posts |
Posted - 05 February 2009 : 20:25:00
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the fact that nobody else is responding i hope means i have it right in my summary.
i must say though without being flipent i find it amazing that unless you want to obtain credit or a certain high ranking position in society a bru/bro is pretty pointless and has little or no effect on your life (amazing in a good way of course).
However PLEASE correct me if i have it all wrong because this is going to play a MAJOR part in my decision to go bankrupt or not.
Scott |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 05 February 2009 : 21:32:41
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Scott
You are obviously going through a really hard time trying to decide. You stress levels are no doubt going through the roof.
Have you tried to call the helpline number at the top of the page, as i too was feeling like you initially, and one call later my blood pressure have come down a little 
You could also take a look at the following link:
http://www.insolvency.gov.uk/freedomofinformation/technical/brobru.htm
Hope it helps a little
Jenny
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 05 February 2009 : 21:48:38
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Hi Scott
if you need another chat you have my number and I will hapily call you back.
take care of yourself
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
08454 751 851
Real People ..... Real Debt Solutions
www.revivauk.com |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 05 February 2009 : 21:54:00
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Scott
Apologies, i didnt realise you had previously had a chat with Paul. I would definitely give Paul a call when you can.
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 05 February 2009 : 22:05:29
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I agree with Jenny - give Paul a call and hopefully he'll be able to put your mind at rest.
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/
20 IPA payments made, 16 to go - on the home straight! |
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pix1
Average Member
689 Posts |
Posted - 06 February 2009 : 00:08:52
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sott,
Don't forget to look at the link I put on one of my previous posts to this topic;
http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/Introduction.htm
As to possibly having to pay over parts of your income even after discharge, this depends on whether you are given an income payments agreement or order. Whether you get one depends on your income levels during bankruptcy as the OR must set one up before your automatic discharge.
what they look at is whether you have any surplus income after taking off essential items of expenditure. you might be expected to lose 50 to 70% of any surplus.
if you are on no wages or a low wage you should not get an ipa/ipo.
ipa/ipo is separate to bru/bro but might happen at the same time. |
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pix1
Average Member
689 Posts |
Posted - 06 February 2009 : 00:10:18
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sott,
slight correction to last reply;
Whether you get one depends on your income levels during bankruptcy as the OR must set one up before your automatic discharge IF he/she decides you should get one.
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xmas baby
Average Member
537 Posts |
Posted - 06 March 2009 : 14:21:27
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Hi,
In my BK petition I declared that I had incurred gambling debts, however in the posts mentioned here, it says that that only internet/phone gambling can really be scrutinised. I did withdraw most of the money whilst in the casino using the cash machine, so surely the OR would be able to trace the transactions anyway. Should I be completey honest with them if they ask or should I just say that just because I withdrew the money in the casino didn't necessarily mean I spent it all at the casino. I want to be honest, but at the same time I don't want to dig a hole for myself if I can make a bad situation sound a bit better. Any advice please?
Not sure what to do now.
xmas baby |
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Topic |
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bro/bru is it a big deal ?
