I am seriouslly considering BR I have done and still doing a DMP but after a year of it just not working out. Doing a IVA I will be left with no money at all. I was discharged from BR 4 and 1/2 years ago and the debt was mostly bank loan and credit cards and its the same again and I would like to know what restrictions the courts can put on my as its worrying me a lot what they could do.
I think that you may very well get a BRU this time if it has been such a short time since you have been discharged, but you are in the same situation again.
Thank you for the replies I was discharged from BR Jan 05 and was wondering whats worse things they can put in place as the debts are same as last time
Thank you for the replies I was discharged from BR Jan 05 and was wondering whats worse things they can put in place as the debts are same as last time
Your were last declared BR under the last legislation so that BR will not count so it will be as if this is the first time you have declared BR.
The worst an OR can do is implement a BRU. They cannot send you to prison, put you in front of a judge to explain why you ran up the debts, etc.
Can I ask one final question me and my wife need to file bankruptcy can we do this together or does it have to be seprate times and there is no joint debts
You canot petition jointly - you would both have to file seperately
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
I am seriouslly considering BR
Posted - 14 July 2009 : 20:22:43
