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question re repossessed house for br form
hiya had my house repossessed in Sept and now renting - they have not sold the house yet soooooooo how do i put this on the br form cos i still have the mortgage outstanding but not the property and I have not disposed of it they nabbed it off me:eek: !!!!ers!!!!!! thanks oh and there will defo be negative equity as the…
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Shared Ownership & Bankruptcy.
Hi All, I have a friend who is looking into going bankrupt, he has alot of debt (not sure exactly how much) but is living in a studio apartment which is shared ownership. What will happen to his apt if he goes bankrupt? As he doesnt have a "full" mortgage on the apt, will that still count as a debt? Sorry if this doesnt…
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Letter from Cap one.
Want to hear something funny. just got a letter from one of my creditors. Capital One who have said. " We have been advised there is a bankruptcy petition against you. We have issued you a default notice because the bankruptcy petition breaks your Capital One terms and conditions" Goes on to say " we may close your account…
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Date is set and cashminder opened.
So i phoned the local court today and they have given me an appointment date of Monday 19th January, less than 2 weeks away:eek: Also phoned the co-op and have opened a cashminder, no extra i.d required will recieve alll the information through the post by Thursday/Friday the gentleman said. I told him exactly why i was…
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Cashminder referal
Have just phoned up to open a co-op cashminder account and have been told it has been reffered to another department. I cany understand why as at the moment our credit rating and everything is ok. Has anyone actually been refused an account? I hope they do not refuse us as that would really throw a spanner in the works!
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The Date is Set!
Well i've just spoken to the court and hubby and I have a date of Monday 9th February to do the deed, they said we will be seen together which is good, hate the thought of going it alone. Just got to finish completing the forms online for us both and then its all go. Spoke to NR this morning about our mortgage as we are…
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Advice please-SOA
Hi everyone I am very slowly putting together a SOA. Any answers on my three questions would be greatly appreciated -Where do I put in my swimming expenses which come to about £20 a month. The swimming helps with my medical condition -Is disability living allowance taken into account? -I receive housing benefit and council…
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Worried Parent
Not used to asking questions on these forums but, here goes. Put simply, my daughter has debts of around £5000 from four sources. These are likely to increase fairly dramatically as two have been sold to debt collection agencies and we all know what they are like. She has initiated a payment plan with CCCS but has now…
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OR contact after BR
Hi Guys, What contact does the OR make after BR? I have had my telephone interview, and was advised I will not have to pay an IPA. Is that it? Will the OR write to me to confirm? I am not going to phone, as I would rather keep a low profile. I know they are very busy, as many creditors have yet to be informed of my BR ( or…
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Assets
Hi, Can anyone tell me what kind of assets the court will claim when we go BR. I know cars are the obvious but I have heard that TVs, DVDs, Games consoles etc will also be taken. Has anyone had any experience of this and can bailiffs come back throughout your bankruptcy to check on new purchases? Thank you
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Co-op cashminder account, When??
Hi Guys and Gals. I'm just wondering when me and OH should attempt to open a co-op account. Is it okay to open up 2 months before BR if you explain to them that it's for BR purposes? I'm thinking it will give me plenty of time to organise salaries and S/O etc before going BR. Will the OR freeze this one as well if it was…
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When will OR contact me
I was made BR on the 12/12/08 and have not heard from the OR yet! Is it normal to take this long or should I phone them and remind them about me...:confused:
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Question from sassyseph on house/debts - (Scotland)
we are in a very similar situation although i am now on benifits and my husband is looking for work we have been on a break with our lender and are due to pay this month, we can just about make that all other debts are the problem, we have no equity in the house mortgage and secured loan seen to that but we seem to have…
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Want to move out of parents` before BR
Hi Im now in about 6 months arrears on my unsecure debt (around 30k) I currently live at home but am desperate to move out and start renting somewhere now that i am finally in a position to have saved up my BR fees and the deposit and first months rent for a flat. However im not sure how my very bad credit rating (defaults…
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Informing creditors of my BR ... conflicting advice?
Hi All, I'm petitioning for BR in six weeks. Stopped paying creditors in december. Started receiving letters and phone calls - which I've ignored. From what I've read on this forum, the advice is to not inform creditors that I'm going BR ... my understanding being that the letters and phone calls will increase as a result…
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What Is Northern Rock????
Now guys keep it civil.....i know there maybe a few choice words as I have my own but seriously......I am know business woman or anything like that, I am an admin assistant for a plastics firm trying to make something of my life....but with the government deciding to use the tax payers money to bail them out, what kind of…
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Post bankruptcy?
Hubby and I went bankrupt on 30 April 2008 and we recieved notice that we've been discharged as of 20 November 2008. Yay. However, now what? We've not heard anything from OR recently other than asking us if anyone wants to buy the equity (if any) in the property for £260 ish for costs. We don't know if we have to pay…
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Bankruptcy very possible?
Hi, I am currently waiting for my appointment with the cccs, After working out my SOA I think bankruptcy is a big possibility, I am trying to read up on all the options available to my wife and I so we can hopefully make the right decision this time? Can anyone please tell me the pro's and con's of going bankrupt or where…
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OR question
Quick question re OR interview......I do not have up to date statements from my creditors...not even sure if I have any statements from some of them..[ was in IVA and foolishly thought I was sorted and shredded alot of paperwork] what will happen if I don't have these?
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Should we go for repossession and Bankruptcy???
Hi new to this but would love some advice. My husband lost his job whilst I was on maternity leave and we were also taking a payment break from our mortgage. This was a blessing at the time but now means that we owe our mortgage company more than we origionally borrowed. We have just under £20,000 in debts which we are…
