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pauld172
Starting Member
17 Posts |
 Posted - 11 July 2011 : 23:21:14
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just to let everyone know (i have seen similar posts on the iva forum) - i received a letter today from a company based in manchester that they could have my bankruptcy annulled (on a no win no fee basis!) the fee they do charge if they win it is £5350 + vat!!! needless to say i will be binning the letter as they have obviously got my details from the IS register!
oh and they can arrange a short term loan through private funding whilst the annulment proces takes place!!
leeches!!! lol |
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Viki.W
forum expert
United Kingdom
2211 Posts |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 12 July 2011 : 07:59:34
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Thanks for that Paul - these companies should be banned shouldn't they?
I'd like to know where they think you will get this money from to pay them! You certainly won't be able to afford any loan repayments!
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 13 July 2011 : 15:35:21
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Hi,
it wouldn't be the Bankruptcy Protection Fund by any chance?
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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pauld172
Starting Member
17 Posts |
Posted - 13 July 2011 : 15:54:33
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hi Bigal!
yep they would be the cheeky monkeys! |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 13 July 2011 : 15:58:49
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The BPF(bankruptcy protection fund) are a very expensive way of getting an annulment, as you mentioned, they charge ate least £5k for doing it. They stump up the money for the annulment, but the debtor has to sign an agreement, that they will obtain a secured loan on the property post bankruptcy, to pay themn back.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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pauld172
Starting Member
17 Posts |
Posted - 13 July 2011 : 17:20:33
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hi again big al
just checked agin the letter - if your debts are higher than £35k, the £5k fee then becomes a "bespoke" fee!!! |
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be aware!!
