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a.s
Starting Member
26 Posts |
 Posted - 27 May 2010 : 23:41:46
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we went bankrupt july 09 or there abouts? lost my car, husband kept his, kept private plates, house no equity so buying deeds back, although it has been hell had 9hrs interviews with OR it seems to be over, yet I have heard awfull stories about people living in a caravan and having that reposessed? have we got things easy? or am I going to get a bombshell?
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 28 May 2010 : 00:46:37
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Hi AS
No glad it all went well for you
horror stories adn bad news stories make better news !
I maintain for those that properly plan into and out of bankruptcy, are upfront honest with the OR they should have no problems
regards Richard |
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Bridgewood
Junior Member
United Kingdom
222 Posts |
Posted - 28 May 2010 : 09:14:23
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Hi a.s.
As Richard P says, bad news is better news - "Person goes bankrupt and everything sorted out smoothly" isn't a headline - "Person goes bankrupt and now sleeps in cardboard box" is
Everyone's circumstances are different, and in cases where the property (be it a house, flat, caravan) has a value, and the bankrupt or a third party can't afford to buy back the equity it can result in repossession and eviction
At the risk of sounding like an echo, as Richard P says, the best way to ensure things run as smoothly as possible is to prepare in advance, seek as much advice as possible, don't rush into anything, and be honest
The one thing you can be sure of is that if you do get a bombshell, there'll be people on here who can assist
All the best for the future
Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.
We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support. |
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why was it so easy when Ive heard horror stories?
