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TROG
Starting Member
United Kingdom
31 Posts |
 Posted - 16 May 2010 : 19:29:48
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| Hi All, we went bankrupt back in December and we have been told recently that the OR wants to apply for early discharge for us and this will mean our assetts etc will pass to the RTLU. Our house has been valued and the OR has told us that there is 5k equity in the property, can we deal with the RTLU about buying the BI or will it be too late for that? If it isn't too late how long do we have to get the money together for the BI? Also, at the time of going BR we were both out of work and had been for some time, for the last 12 weeks I have been working full time hours but I haven't been taken on permanently as yet. We have been paying the mortgage and have paid the arrears (on advice from the OR) in the hope that the work will become permanent and we can afford to buy the BI. Our concern now is that the OR will give us a IPA, if that happens then we won't be able to save up to buy the BI. Is there a chance that the OR will allow us to save for the BI or is that unlikely? Any advice gratefully received. Many thanks. |
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debtinfo
forum expert
2826 Posts |
Posted - 16 May 2010 : 20:11:45
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| Have you told the OR that you are working, you can still buy the BI, tell RTLU that you want to,they wont make a specific allowance for you to save up |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 16 May 2010 : 20:58:27
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Hi
Debtinfo is right. However, I do know of a case whetre the OR gave the purchaser of the BI a period of 3 months - worth asking therefore.
Good luck, Richard
"There are no problems - only solutions" |
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Hi All, we went bankrupt back in December
