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can they chase me
can the mortgage company & secured loan company chase us for any outstanding debt plus interest after the house is repo & sold. situation is we owe £165000 on mortgage plus approx £10000 on secured loan, we are in negative equity & house has been valued @ £157000. we bought for £183000. we are due to go b.r on 10th sept…
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New Forum Functions Being Launched Today
See this thread... http://forums.moneysavingexpert.com/showthread.html?t=1782869
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the clock is now ticking!
Right guys, after much wailing and gnashing of teeth my OH and I have a court date in Banbury of the 17th July and are now clawing our way thru the forms. Our SOA leaves us with around £130 disposable income (we're still fine tuning it) but my biggest question is whether we will get an IPA/IPO as I am nearly totally on…
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Cashplus Creditbuilder credit card
Hey, I am trying to re-build my credit rating, so that one day (2013 hopefully!) someone will consider offering me for a mortgage (plenty of time to save a deposit!) I have applied for Vanquis and Aqua cards, but declind for both, so was looking at the Cashplus Creditbuilder card. Has anyone used this card to try to…
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A few questions.....
Hi guys, Been on here since Jan this year. Still haven't done the deed. My unsecured debt totals about £14k. Some days I'm adamant that BR is the only way forward but the next day the thought of losing my home terrifies me. I know the OR isn't interested in secured debt so I may have the opportunity to keep my house. I…
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Ebay, CCJ, Parents, Bank Account, Stress, Unaccounted Money, Gambling
I have checked the forums and can't seem to find answers for the following.1) How long does the process take to go bankrupt?2) Will my CCJ be included?3) Will I need to show bank statements?4) I have a lot of money drawn out, which has been used for gambling. Even though now, I'm seeing a councillor, through Gamecare. What…
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Confused by the letter i got from Co-op this morning!
Had a letter from Co-op this morning about "Improvements to the way we charge for unpaid items. Basically its about the way they charge if you go overdrawn as is to too i guess in part to the over charging by banks if you go overdrawn. What confuses me is it seems quite friendly (to a point) if this happens but as i…
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Help!!! big depression about going bankrupt! what about my car finance??
Hi all, cheers for reading me!!! Very briefly I/we are in serious debt and looks like only option available is bankruptcy....approx £75k after house repo'd. Living in rented but work some 50 miles away from home and a car is very much needed. Our exsisting car has zillions of miles and needs plenty of money spending on it.…
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c tax and c nenafir ,is it income?
Hi Child tax credits and child benefits. I know you have to tell them about these but do they count as income as far as working out whether you are going to be given an ipa?
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getting credit post br illegally
not after a lecture of whats right and wrong. but do ppl apply for credit after release but still within your obligation period to inform. just wondered if lenders check 100% of the time and what are the implications other than a refusal to lend if checked and found to be recently discharged eg?
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help needed!
Thanks for all the help given in my last post guys:money:, If I go BR I understand my bank account gets frozen however how would i get to pay mortage rent bills and food etc in this case and would I have time to set up a new account to get my salary paid into ? Also if my IVA supervisor was to suggest BR to my creditors…
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Full and Final Settlement
OK - please bear with me, I'm mulling ideas over in my head before we see the debt advisor again, and I just want/need the benefit of other peoples experience/thoughts. My DH owes somewhere in the region of £80000 to Northern Rock - £25000 (but due to front loaded interest they say he owes £50000 should the loan have gone…
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Please Help Me .. I havent heard from the official reciever ??
Hi I was made bankrupt approx 3-4 years ago as I was working at the time I had to pay a set amount and my tax to the office and to the official reciever. However due to too many reasons to list on here I didnt, since I left work, and am now on benefits, I havent heard anything since up until approx 3 months ago, asking my…
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BR last wednesday 24th
I haven't been contacted yet, but how long does it take for the OR to contact you normally, and will this be to make an appointment or to actually get down to the questioning there and then? cheers Mark
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Scottish trust deed question
I signed a Trust Deed last year and it has 2 years to run. At the time I agreed with the adviser that as my mortgage lender would not give me any further capital at that time that my share of the equity in the house plus half my endowment value ie. £ 19,000 would be raised at the end of the 3 years. I think it was hoped…
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Dishcharged
Well since i went Br june 16th 2008 i presume i am now dishcharged? the only letter i have had says that the Or has requested to be signed off from my case.
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Can I have some help with my clean up?
Hi, I was discharged on 9 May 2009 (made br on 8 May 2008) and have got my credit files (well I have Experian, as Equifax couldnt complete my order online, so am waiting for that in the post), so am working on the Experian one at the moment. I have noticed that not all of my ex-creditors are on the Experian one, so should…
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Options!!
Just over a year ago I discovered my DH was hiding massive debts from me - and I mean massive in excess of £80,000. After much weeping a wailing (by me!!) he finally opened up and dished the dirt. I got him to see a debt councillor and he was advised to try for a Debt Arrangement Scheme (DAS), we're in Scotland by the way.…
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Some more questions!
Hi again, Thank you very much for the replies on my last posting.. it was very reassuring. However, i am panicking about the whole Br thing, and it's making me really nervy. Couple of things I thought about.. what shall i do about child benefit? Should i open a Br friendly account beforehand to get it paid into? What about…
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bankruptcy
I am applying for bankruptcy. I have two properties in germany which i have a 3rd share in. These properties are not held within a ltd company. What rights do the two other persons have over the properties. Would it be possible for them to offer an amount to settle, without having to sell? Or do the properties have to be…
