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erikajayne
Starting Member



Australia
2 Posts

Posted - 05 February 2009 :  23:07:34  Show Profile  Reply with Quote
Keep smiling!

Edited by - erikajayne on 08 February 2009 01:41:17

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 05 February 2009 :  23:44:45  Show Profile  Reply with Quote
Hi

firstly you will need to review all the solutions to debt and see how each apply to your situation.

The solutions are:-

Debt management
Individual Voluntary Arrangement
Refinancing ( consolidation)
Bankruptcy
or a lump sum negotiated settlement.

The solution will really depend upon your individual situation, are you working and do you have disposable income each month.

If Br is the right solution for you then you need to do either

1. fly back to the UK and submit your Br petition yourself ( possibly at the High Court depending upon how long you have been away)

2. Hire a company who can act on your behalf at court. They will need to complete a Lasting Power of Attorney, have it authorised by the Office of the Public Guardian ( £150) and then they can represent you in the court proceedings and with the Official Receiver.

Typically these services start at around £700 plus court and LPA fees.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
08454 751 851

Real People ..... Real Debt Solutions
www.revivauk.com
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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 06 February 2009 :  09:58:24  Show Profile  Reply with Quote
Hi there

my advice would be to contact and Insolvenct Practitioner (IP) who will go through your personal circumstances with you and provide the right advice for our personal situation - you will find highly recommended IP's on the sister site iva.co.uk or by reading reviews on iva.com
Check the company you approach provide a free advice service (many do) and you can then provide all your personal circumstances and receive the appropriate advice

Hope this helps

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
01446 711780
melanienicholas@jonesgiles.co.uk
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