Depending on your reasons for declaring BR this time you may end up with a BRU but this will really depend upon you reasons for BR last time and this time.
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
HI My last bankruptcy was credit cards and bank loan this time its same thing but my bank made it worse as I kept going in saying struggling with the payments all they wanted to do is lend me more and more till now am in the same situation only thing I did do is buy new tv but thats 1 + 1/2 years ago
Chances are that you will end up with a BRU as you will be declaring BR for the same reason twice. Although a BRU isn't good it isn't the end of the world. It will mean that you won't be able to get any loans or credit cards for a few years, which isn't a bad thing.
If BR is your only option then it's best to go for it and try not to worry about a probable BRU.
Hi there should be no BRU for a double bankruptcy in this case as the one in Jan 2004 was under the old legislation. The BRO/BRU cannot take into account the first bankruptcy as it was under adifferent legislative system
I was discharged from BR in Jan 04
Posted - 13 July 2009 : 10:08:25
