•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating


•Bankruptcy News

Media Room:
•Press releases
•Media Coverage

•About BankruptcyHelp
•Contact us
•Debt Glossary
•Insolvency jobs

  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum

Save Password
Forgot your Password?

 All Forums
 2008 postings
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Starting Member

4 Posts

Posted - 25 November 2008 :  10:13:50  Show Profile  Visit rod's Homepage  Reply with Quote
Hi I am confused. What are all these letters eg. BI, IPA, RTLU etc.
Please let someone let me into this secret.

forum expert

United Kingdom
3290 Posts

Posted - 25 November 2008 :  11:17:18  Show Profile  Reply with Quote
BI - Beneficial Interest (the financial interest in your property)
OR - Official Receiver (government official dealing with bankruptcy
IPA - Income Payment Agreement (monthly payment that lasts 36 months)
IPO - Income Payment Order (as for IPA but enforced by the court rather than agreed between the OR and the bankrupt.
BRU - Bankruptcy Restriction Undertaking (undertaking made when OR feels the bankrupt has been reckless - the restrictions of BR are extended for up to 15 years)
BRO - (as for BRU but enforced by the court rather than agreed by the OR and the bankrupt)
ED - Early discharge (when BR lasts for less than 12 months)
RTLU - Regional Trustee Liquidation Unit (Unit dealing with assets)

I hope that helps, but if I've missed any (and I probably have!) I'm sure someone will be able to help!

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

Edited by - Skippy on 25 November 2008 11:21:21
Go to Top of Page

Junior Member

United Kingdom
344 Posts

Posted - 25 November 2008 :  11:51:43  Show Profile  Reply with Quote
Hey Skip

Great minds and all that i was just about to post on this one.


I know the jargon got to me at first, but over time it will all become clear. If you have anymore questions dont hesitate to ask them :-)


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06