www.iva.co.uk

Posted: **Mon May 05, 2008 1:16 pm**

hi guys
thought i'd let you know that we had a phone call on friday from or who said we could keep the car as it wasn't worth them selling it so we are well pleased.
We have to send in life policies now then pay £50 to get them back, she was unsure how much we would have to pay to get the joint one back ( maybe half??)
Also she is phoning again a week on wednesday as she has some more questions. She said that rob has a lot of creditors,but he has 8 (3 are lloyds, 2 egg,hsbc,mbna,halifax) she also said he may have to be undischarged for more than a year not sure why. If this happens does anyone know how this affects rob and if he had any inheritance during that time would he lose it to the or.
thans again guys

Posted: **Mon May 05, 2008 1:22 pm**

There should be no reason why his discharge ought to be delayed, but he will be subject to after-acquired asset provisions until the discharge is confirmed. As the OR's examiner to explain what she means by this comment - and great news about the car by the way.

Posted: **Mon May 05, 2008 1:30 pm**

hiya melanie
she said his level of debt was high (75K) and so it may have to be longer than a year will know more when she phones i guess.
thanks for getting back to me

Posted: **Mon May 05, 2008 1:39 pm**

The level of debt has absolutely no correlation with the timing of discharge and even if they apply for a BRO this will not stop the discharge either.

Posted: **Mon May 05, 2008 6:18 pm**

Good news about the car [:)]

Debbie

Posted: **Mon May 05, 2008 7:33 pm**

That's great news Jayne, you must be so relieved that you can keep the car. Try not to worry about the other questions, you'll be ok.
As for the amount of creditors, I had 2 full pages of creditors in my br petition...not sure how many that is but it's got to be more than 10... our OR has said nothing about this delaying discharge.
xx

Posted: **Mon May 05, 2008 7:37 pm**

another hurdle crossed jayne! thats brill news about the car!

love barb x

Posted: **Mon May 05, 2008 7:52 pm**

Great news about the car, hope all goes smoothly for you in the future x

Posted: **Mon May 05, 2008 8:17 pm**

Jayne, that's really good news about the car, I know how worried you were. You're nearly there now, I'm sure it will all work out, good luck. Viki X

Posted: **Mon May 05, 2008 10:51 pm**

Really pleased to see this update Jayne and Rob as I know you were really worried about losing the car[:D]