| T O P I C R E V I E W |
| endisnigh |
Posted - 27 July 2010 : 16:01:03
How long after you have been discharged can the OR still take inheritance? Someone has told that this is for ever is it true?? |
| 9 L A T E S T R E P L I E S (Newest First) |
| Richard P |
Posted - 28 July 2010 : 12:57:18
NO a massive relief |
| endisnigh |
Posted - 28 July 2010 : 12:51:39
I have moved home a number of times due to repo and work relocation. I dont get any letters apart from the repo letters. I have a little boy and i am worried they will start coming to our home and scaring him. I have the papers and will hopefully by October will have the money.
Was it as bad as you expected?? |
| Richard P |
Posted - 28 July 2010 : 12:44:03
Hi endisnigh
do not rush into the decision get the planning done first and then go at the right time for you
I was about 18 months getting things sorted and yes it did get very tense and hot, i went BR when i got my second home visit.
very few of your creditors may actually take you to court they prefer to send letters , threats , phone calls
your expert or legal specialist will be able to judge how far you are down the line with the language on the letters !
good luck Richard |
| endisnigh |
Posted - 28 July 2010 : 12:35:14
Thank you I just need a big shove in the right direction. If i was to carry on the way I am how long would it be before they took further steps?? |
| Richard P |
Posted - 28 July 2010 : 12:22:27
hi endisnigh
If the step is the right one go ahead and take it.
It is scarry (fear of the unknown) but it is such a relief to enable you to draw a line and have a fresh start.
My advice as ever is to get all of your planning in place before you petition, cars, house, pension, wills etc
If your solicitor is not a specialist in the BR field ask him / her to arrange a consultation for you with a specialist, alternately contact one of the experts to the left
regards Richard |
| endisnigh |
Posted - 28 July 2010 : 11:24:57
I have been to see a solicitor and the only way is to BR as my ex has already taken the step and therefore left me liable for all of the debts.....
I know what i need to do but im scared of taking the step!! Im desperatly trying to save the fees up. |
| gettingoutofdebt |
Posted - 28 July 2010 : 10:00:49
The debt advisor was incorrect and debtinfo is correct.
Maybe this 'debt advisor' was trying persuade you to have a DMP or IVA in order to sort out your financial issues rather than declare BR. Unfortunately, there are a lot of cowboys out there who will tell you anything in order to make some money. If you take out a DMP or IVA then the firm will get part of your payment as their fee and over several years this can work out to quite a large amount. If you declare BR the firm will only get a one-off fee if you use their assistance to declare BR. As most BRs are pretty straight-forward people can normally complete the forms and petition themselves. |
| endisnigh |
Posted - 28 July 2010 : 09:33:02
No one has died and i havent inherited any money. A debt advisor told me that if in the future once i was discharged and in many years when my parents were had died. I would then still get the inheritance taken away?? Im so confused as I would never want my parents money to get swallowed up in my debts i would rather my sibblings, children and nieces and nephews have it rather than my mistakes!
|
| debtinfo |
Posted - 27 July 2010 : 17:25:51
What matters is when the prson died, If it was before you are discharged then the OR gets the money, if it is after discharge you get to keep it |
