Thanks everyone!!! I phoned!!! What a load of B******s!!!!
If you have equity in your property and there is sufficient to cover your debts after they have worked out the p in £ with the OR, they in effect pay your creditors, you have to remortgage and pay them back!!
Now, if I had equity in my property, I would have remortgaged (providing I could pay the increased mortgage), one would have thought that I had the where-with-all NOT to have petitioned for BR!!!
They must think that we are all just a bunch of muppits, aimlessly wandering around running up debts just to say "stuff it, I'll declare myself bankrupt" and 28 days later apply for an annulment because I am so sorry, I did actually have the money to pay my debts.
To jump on my soapbox - Companies such as these should be restricted from operating. All they do is waffle in your ear, talk absolute **** because they actually have no idea what they are talking about in the first place and want to make a quick buck out of people who are struggling to make ends meet.
Ok, I'll get off now!!!
Sue
Ho Hum! Think I'll bang my drum!
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