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  • FIRST POST
    • neilva4
    • By neilva4 17th Oct 16, 3:59 PM
    • 15Posts
    • 185Thanks
    neilva4
    Bankruptcy Help
    • #1
    • 17th Oct 16, 3:59 PM
    Bankruptcy Help 17th Oct 16 at 3:59 PM
    I hope someone can help me. I was made Bankrupt in February this year by HMRC for 82,000. I had a meeting with the receiver and i provided proof of all debts, and savings i had along with my bank statements etc and any assets which is only my car which is worth around 2500. Since then i have heard nothing from anyone, it has now been over 8 months and i have not heard a thing from anybody. I have also checked my credit file and it has the bankruptcy on there with a 0 balance. Hope someone can give me some advice. Many thanks, Neil.
Page 1
    • TheGardener
    • By TheGardener 17th Oct 16, 4:26 PM
    • 1,714 Posts
    • 1,550 Thanks
    TheGardener
    • #2
    • 17th Oct 16, 4:26 PM
    • #2
    • 17th Oct 16, 4:26 PM
    With the OR, the best policy is to speak when your are spoken to. They wont have forgotten you, just sit tight and if they need you - they'll call.
    • NotEvanAPot
    • By NotEvanAPot 18th Oct 16, 7:26 AM
    • 216 Posts
    • 126 Thanks
    NotEvanAPot
    • #3
    • 18th Oct 16, 7:26 AM
    • #3
    • 18th Oct 16, 7:26 AM
    TheGardener, as always, is spot on. Do not rock the boat. In 4 months you will be discharged and they can take no further action.

    Sit under the radar, even if it causes a few sleepless nights, it is better than the car and assets (disclosed, as you are required to) being taken away.

    On the car, who said it was worth 2,500? They depreciate quickly, so if you hear anything, just state it is necessary for travel to work and is now worth significantly less.
    • neilva4
    • By neilva4 18th Oct 16, 1:15 PM
    • 15 Posts
    • 185 Thanks
    neilva4
    • #4
    • 18th Oct 16, 1:15 PM
    • #4
    • 18th Oct 16, 1:15 PM
    Thank you for the advice. I was just getting concerned as when I first saw the OS he said it should take about 6 weeks but has now been 7 months and not heard a thing. This is all new to me so wasn't sure how it all works. As for the car, I'm only going by what others cars are selling for that are the same as mine so is a rough figure. What happens after the 12 months?
    • tigerfeet2006
    • By tigerfeet2006 19th Oct 16, 1:53 PM
    • 13,778 Posts
    • 29,831 Thanks
    tigerfeet2006
    • #5
    • 19th Oct 16, 1:53 PM
    • #5
    • 19th Oct 16, 1:53 PM
    You are discharged from bankruptcy and the OR can't do anything as he's lost the chance.
    BSCno.87
    The only stupid question is an unasked one
    I now live in a country that is 4 hours ahead of the UK so you may now find I post at weird times
    [/COLOR][/CENTER]
    • deannahupp369
    • By deannahupp369 19th Oct 16, 4:00 PM
    • 3 Posts
    • 0 Thanks
    deannahupp369
    • #6
    • 19th Oct 16, 4:00 PM
    • #6
    • 19th Oct 16, 4:00 PM
    Bankruptcy can help rid you of debt that would otherwise take years to clear. But it has serious implication for your future and should never be undertake lightly.
    • NotEvanAPot
    • By NotEvanAPot 19th Oct 16, 4:32 PM
    • 216 Posts
    • 126 Thanks
    NotEvanAPot
    • #7
    • 19th Oct 16, 4:32 PM
    • #7
    • 19th Oct 16, 4:32 PM
    Bankruptcy can help rid you of debt that would otherwise take years to clear. But it has serious implication for your future and should never be undertake lightly.
    Originally posted by deannahupp369
    Without coming across as rude (and regulars in this section will be aware I can be quite abrupt and direct...), this is a fairly specialised sub-forum, general commmentary does not really help any former, current or future bankrupts seeking support, advice or just to speak about their issues.

    By all means, if you have something positive to add, feel free to frequent, but the quoted post is unnecessary, inaccurate and (as a grammar Nazi) poorly written.
    • hollydays
    • By hollydays 19th Oct 16, 6:19 PM
    • 14,705 Posts
    • 10,484 Thanks
    hollydays
    • #8
    • 19th Oct 16, 6:19 PM
    • #8
    • 19th Oct 16, 6:19 PM
    She/ he seems to be spamming the Internet using google translate or similar to try to flog some kind of screening service/ phishing .Doubt very much she's in the USA.
    • neilva4
    • By neilva4 11th Dec 16, 3:01 PM
    • 15 Posts
    • 185 Thanks
    neilva4
    • #9
    • 11th Dec 16, 3:01 PM
    • #9
    • 11th Dec 16, 3:01 PM
    So even though I will be discharged what will happen on my credit file, it currently has a zero balance under the bankruptcy section.
    • TheGardener
    • By TheGardener 11th Dec 16, 3:21 PM
    • 1,714 Posts
    • 1,550 Thanks
    TheGardener
    Cleaning up your credit file is something not worth doing until a month or two after your auto discharge. Have you still not heard anything from the OR? If not then sit tight and wait - but be prepared for the OR to pop up anytime - once your AD date has come and gone - then you can start cleaning things up.
    • neilva4
    • By neilva4 15th Dec 16, 8:49 PM
    • 15 Posts
    • 185 Thanks
    neilva4
    I've still not heard anything from them and my year is up next March so not sure what to expect. I thought I may have heard something by now. If they do not contact me by March then what would happen to a bank account I had frozen with money in it, would the money have been taken by the OR?
    • KeepOnKnitting
    • By KeepOnKnitting 16th Dec 16, 7:17 PM
    • 93 Posts
    • 111 Thanks
    KeepOnKnitting
    Accounts are frozen by the bank, not the OR. If March comes around and you have still not heard anything, I think you will be entirely in your rights to contact the bank to ask for the money. If the OR have not set up payments with you in that time, it is too late for them.
    On a yarn diet, knitting my stash in a year of tight budgeting.
    • TheGardener
    • By TheGardener 16th Dec 16, 10:50 PM
    • 1,714 Posts
    • 1,550 Thanks
    TheGardener
    I've still not heard anything from them and my year is up next March so not sure what to expect. I thought I may have heard something by now. If they do not contact me by March then what would happen to a bank account I had frozen with money in it, would the money have been taken by the OR?
    Originally posted by neilva4
    How much money? Is the account still frozen? normally the bank either close the account and send you or the OR a cheque, they don't just leave them frozen indefinitely. Do you have a working bank account?
    • Mouse007
    • By Mouse007 16th Dec 16, 11:34 PM
    • 27 Posts
    • 16 Thanks
    Mouse007
    Accounts are frozen by the bank, not the OR. If March comes around and you have still not heard anything, I think you will be entirely in your rights to contact the bank to ask for the money. If the OR have not set up payments with you in that time, it is too late for them.
    Originally posted by KeepOnKnitting

    Disagree, it still belongs to the OR however long after bankruptcy.

    I had 6 in a building society account. Over a year after bankruptcy I was still receiving statements from BS so sent email to OR asking if they were not interested in account, could I keep it?

    Snotty reply about failing to disclose assets prompted me to send them a copy of the receipt showing I had handed over the passbook.

    Roll forward 5 (yes 6 years after BR) I get a letter from BS saying they had just handed over the 6.

    Still don’t know if account open or closed though.
    Last edited by Mouse007; 16-12-2016 at 11:36 PM.
    • neilva4
    • By neilva4 17th Dec 16, 6:45 PM
    • 15 Posts
    • 185 Thanks
    neilva4
    I had about 800 in the account. It's with nationwide and they just said the account will be frozen until they hear from the OR. I do have another bank account that I told the OR about and he just said that's fine as I need the other account to pay bills and wages etc.
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