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Formal Solutions: Bankruptcy, Administration Orders and IVAs Advice on some of the formal debt management solutions


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Old 4th August 2007, 21:00   #1 (permalink)
The Phantom
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Default Bankruptcy- default issues after being discharged

Hi

I wonder if anybody can help
My OH is due to be discharged from bankruptcy in approx eight weeks time.
I had subscribed to a thread somewhere on the forum ( I think it may have been in the legalities forum, can't remember now) but it has gone, might be too old and has been taken off maybe. Not sure, just can't find it
It had information about removal of incorrect default entries with CRAs after discharge from bankruptcy
Apparently a lot of creditors leave debt entries with the CRAs standing as unfulfilled / not satisfied although bankruptcy should leave these as settled.
So the person who started the thread at the time wrote to all his creditors who were affected by the bankruptcy to confirm to him that the relevant outstanding amount was set to 0 and would show as fulfilled / closed with the CRAs.
Apparently there were some who refused to do this and he subsequently took them to court for "gross extortion of fact" (or something like this)
Now I can't find the thread or any info on how this ended.
I wanted to write these letters once OH has been discharged, does anybody remember the thread, the original poster or has any personal experience with this or any templates ?
Any info would be appreciated !!
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Old 25th September 2007, 00:00   #2 (permalink)
Gingerheid
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Default Re: Bankruptcy- default issues after being discharged

If they managed I'd be interested to find out how!

Settled is where something is paid off, so unless the bankruptcy ended with creditors being paid in full I would have thought that showing the debts as settled would be factually incorrect.
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Old 25th September 2007, 09:03   #3 (permalink)
The Phantom
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Default Re: Bankruptcy- default issues after being discharged

No, they have to show as 0 balance as bankruptcy writes these off
The person in question got confirmation that all outstanding balances were set to 0 OK from his creditors, apart from one which he took to court about it, and that thread is gone, probably wasn't updated and then got too old, not sure how that works here on the site
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