Bankruptcy Protection Fund

[Welsh Boy]

Can anyone help me with any information about what this is. Thanks Tony

F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products

www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk

Directly Authorised with FSA :304244

[Adam Davies]

Hi Tony
There appears to be a few of these companies about.These are Manchester based and I think they can help you if you have been made bankrupt BUT have sufficient equity in your property to pay all your unsecured debts off.It must be targeted at people who have basically had their head buried in the sand.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Welsh Boy]

Thank you Andy.

F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products

www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk

Directly Authorised with FSA :304244

[JulianSampson]

I come across them on a weekly basis- very aggressive but successful bunch. Will be happy to answer any questions you have on them Tony

Kind regards

Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine

[Adam Davies]

Hi Julian
Am I correct in saying that they can only help if you have sufficient equity/money to repay ALL your unsecured debts ?

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[JulianSampson]

Essentially, yes. Its the classic annulment scenario using a bridge and immediate remortgage so the latter (especially in the current climate) requires a good LTV

Kind regards

Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine

[Welsh Boy]

Julian

How do they make money, I don`t understand it,they tried explaining it to me but it just didn`t sink in, sorry to sound a bit thick. Tony

F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products

www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk

Directly Authorised with FSA :304244

[JulianSampson]

No problems! I expect its on the bridge....

Kind regards

Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine