Official Receiver Interview
Three days after the Judge made the bankruptcy order, I received notification of the Official Receiver’s intention to interview me by telephone. From what I have read I envisaged a pleasant and polite person who will want to know the reasons for my debt and past behaviour, full details of my current position and someone who wants to make sure that the statement of affairs form I completed is accurate.
To be perfectly honest I didn’t know what outcome to expect. Questions were whirling around in my head such as:
The interview was exactly as I envisaged. I spoke to a young man who was very professional and polite. He walked me through my statement of affairs form and asked a series of questions. He established how I accumulated debt with various creditors and looked at the expenditure I detailed on the form. It lasted about one hour.
As I had prepared I was able to answer all his questions in full. I was informed that I could not include Internet as an expense and that I could have an allowance for medical prescriptions. Further to this I was told that I should be able to keep my car, as I need it for travelling to and from work. Obviously if the car was worth a lot of money I may have been asked to sell and buy a cheaper car.
The interview was also an opportunity to ask questions. I was worried about my car, as it is quite old, and questioned what action I would need to take if I need a new one. Quite simply if I have disposable income they would give me a monthly allowance to purchase a cheap car. My income and expenditure would then be recalculated with that allowance included. Any Income Payments Agreement would then be recalculated.
The interview, just like the court appointment, was nothing to worry about. The key has been taking advice and preparing so that I was 100% sure of what I was doing and I could answer all questions honestly and in full. At least then I have done all I can and the rest is out of my hands. I can go through bankruptcy and come out the other end with my head up high.
Discharge from Bankruptcy
To be perfectly honest I didn’t know what outcome to expect. Questions were whirling around in my head such as:
- Would I have an income payments agreement put forward to me?
- Would I have a bankruptcy restrictions undertaking put forward to me?
- Would I have to attend a second interview?
The interview was exactly as I envisaged. I spoke to a young man who was very professional and polite. He walked me through my statement of affairs form and asked a series of questions. He established how I accumulated debt with various creditors and looked at the expenditure I detailed on the form. It lasted about one hour.
As I had prepared I was able to answer all his questions in full. I was informed that I could not include Internet as an expense and that I could have an allowance for medical prescriptions. Further to this I was told that I should be able to keep my car, as I need it for travelling to and from work. Obviously if the car was worth a lot of money I may have been asked to sell and buy a cheaper car.
The interview was also an opportunity to ask questions. I was worried about my car, as it is quite old, and questioned what action I would need to take if I need a new one. Quite simply if I have disposable income they would give me a monthly allowance to purchase a cheap car. My income and expenditure would then be recalculated with that allowance included. Any Income Payments Agreement would then be recalculated.
The interview, just like the court appointment, was nothing to worry about. The key has been taking advice and preparing so that I was 100% sure of what I was doing and I could answer all questions honestly and in full. At least then I have done all I can and the rest is out of my hands. I can go through bankruptcy and come out the other end with my head up high.
Discharge from Bankruptcy
You may also like to view my bankruptcy website.
If you have any questions regarding my experience then please feel free to E-Mail me.
posted by Piggy Bankrupt at
9:48 PM
2 Comments:
Piggy,
It is interesting looking over your blog but you don't really say much about your financial circumstances leading into bankruptcy. Especially I am interested to know if you had any debts causing a deficiency over income, i.e., if you were insolvent or not. Also, if you were at all reckless (as many are) in your spending leading into bankruptcy. As you got your discharge early presumably you did not do much wrong and were a victim of business circumstances. Nevertheless, please provide more detail. That is, if you are still updating the website comments.
By
Anonymous, at 12:39 PM
Hi Anonymous. Please feel free to read other posts in this blog. You will find all of the information that you are looking for. Also look out for new posts. In the next couple of months I shall be describing how bankruptcy has affected my life 2-3 years on! Thank-you for showing an interest in my blog.
By
Piggy Bankrupt, at 2:14 PM
Post a Comment
<< Home