Nearly there
Registered User
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- 7
I went through the process with no adviser. Although my situation was quite straight forward I found the paperwork and process quite user friendly. I have jointly owned property and my share of that now lies with the OR, it is in negative equity but as IB2013 points out it is no longer in my control so it is another worry point I have put behind me. Don't underestimate the impact of Bankruptcy on your life but I am well in now and feel it was worth while for my future - I also believe that I learnt a lot about friends and family during this process and that it has been the best decision of my life to declare.
3. I am following the blog of the person who moved to Scotland from Ireland to declare bankruptcy, and he never mentioned having to go to court? Is it different in scotland? Or has he just not mentioned that part?
Hi, I had my OR interview recently too and although I was slightly nervous about it, I needn't have worried. It was a phone interview and took 20 mins. I must be a straightforward enough case or just lucky I guess! I was told I'd be contacted in 6months time to see if my earnings increased and then automatically discharged in a year.
One thing that has been mentioned already on this site but I can't reiterate enough is to pay for someone like Steve thatcher. Unfortunately I had already signed up with another so called expert and he was terrible and his legal advice was completely wrong.His incompetence caused us an additional 4months on top of the 6month comi rule so it took me nearly a year to get my bankruptcy order. I sacked him and met up with Steve for one consultation and I got more info out of him in that hour than the year with the other guy!
Is it set in stone that the OR has to have a interview with you, either in person or on the phone? For example, can they just work off your statement of affairs etc without going through the interview process?
It depends on the mortgage provider. AIB may agree to write it off - therefore no need for bankruptcy. I would suggest that you inform your bank in writing that your agreement to Voluntarily Surrender the property should be contingent on a full write off. If the bank don't play ball - contact someone like Anthony Joyce and his company might have more success in dealing with the bank on your behalf. Don't agree to anything until you've explored all of your options. If you have to go bankrupt - go bankrupt in the UK as opposed to Ireland. Your dicharge period - after being declared bankrupt - is 12 months in the UK as opposed to 3 years in Ireland.
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