I would like to give some feedback to this forum which was a great support when I went BR. 2 1/2 years from discharge I am still under an IVA but on the way to rebuilding my credit file and more importantly my life as a self-employed consultant. A major bank graciously agreed 6 months ago to open a business account. My great breakthrough during BR was due to my partner's negotiating with my BR Trustee to buy out my interest in the house. The trustee wanted to be paid a price based on half the equity in the house at full market price. Due to the fact that at the time underpinning work was being discussed with the insurers, we argued successfully that the house was difficult to sell. The trustee backed down and agreed to sell my interest to my parner at 20% of the price he originally demanded. I still have an issue on my IVA which I will post separately.
That is absolutely brilliant and it just goes to prove that OR's are human. You should not just accept what the Insovency Service tells you. If you have a good argument, you will be heard. I know that bankruptcy can be daunting and bankrupts just accept what is being said. Please give your partner my heartiest congratulations and I just wish more people would stick up for themselves!
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
21/2 years on/buying out house
Posted - 18 June 2011 : 18:13:59
