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Letter recieved for Bankruptcy
I have recieved a letter today saying that my account be fast tracked to a bankruptcy division. I am more then a little confused by this because there are TWO companies both asking for the SAME amount of money for the SAME account.... All this jargon from Debt collection agencies does my head in because I do not understand…
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Income And Asset Questions
Dear All, I have some questions regarding income and assets for a SOA My monthly income is made up of a basic and overtime. The overtime varies from month to month. On the SOA should I only put my basic or include overtime? I also receive a bonus payment twice a year, once in June and a second in December. This is profit…
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NatWest Current
I just wondered if anyone could give me some advice regarding bank charges I have. When I went BR one of my current accounts was a NatWest Advantage Gold account. I had an overdraft of £5000 on it. The account itself I kept in the black so when I did go BR it had a balance of £0. I had opened a Co-op account and…
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Notifying OR of I/E changes
Hi I realise that the OR needs to be informed of any income changes within 21 days. Does that rule apply to outgoings increasing or decreasing too? I have managed to get my electric/gas dd reduced by £50 pm (still doesn't give us a surplus over £99). Im not sure if I need to ring OR up and ask for a new I/E form or can I…
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Valuations for BI
Hi all, I've today received a letter from my OR (a few days after discharge, I guess they were waiting) which asks if I am interested in buying the BI for my property, and if so, to provide a valuation and current mortgage statement. I definitely do want to buy this back from the OR but am not quite sure how to go about…
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New soa
Hi Folks, Can you take a look for me please and let me know if there is anything I'm missing. We are only showing £23 surplus but I am going to be having a £50 payrise next month which I will have to do a new SOA form then. Thanks. We are both BR. No of People in Household 2 adults & 1 ChildIncome Wife Wages2107Changed due…
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Or has written to my Landlord
As the title says really. It was just a basic letter asking if I was/am in arrears and such. We have a verbal agreement and the OR just needs a letter confirming this. My LL is ok with this but is a bit concerned she is going to have to go to the OR to be interviewed? I doubt it myself but just thought I would check with…
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Advice on being involved with someone else´s banruptcy
Hi, Just wondering if anyone can help in my dilema. A friend of mine lent me some money last year and I am now out of a job and unable to pay back the debt. She is now saying that she has to go bankrupt and therefore declare the loan as money owed to her. It was nothing formal, just friends helping each other out. What…
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Bancruptcy and the use of pre paid credit cards...
Hi newbie here so please forgive me if i am posting in the wrong section or if i'm going over old ground ( gets wrists slapped by admin!) :) I have recently been made bankrupt and have applied for basic bank accounts at at least 4 of the high street regulars but to no avail! It seems everytime i apply for a basic account…
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Post Office Savings Account
Hi all We go br next month and our fees are sat in our Co-op cashminder account which we are now using as our main account, all direct debits etc are set up and up and running so we hope we can keep this. However I would like to get the fees out of this account for the timebeing (just to help me keep track of my money…
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Early Discharge Question
Hi all, Despite never posting in the forum I've found it invaluable for information and genrally made me feel better about bankruptcy and my future... and I've thankfully received an early discharge 6 months after being made bankrupt. Question for you haven't had to pay any payments as the OR decided I didn't have enough…
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Very scared - can anyone give some advice
I've been reading this forum for quite some time now and have finally plucked up the courage to contact CCS and consequently have an appointment with their IP next week. They think my options will either be a DMP or an IVA. But here's the thing..... I owe £40k in unsecured debts ( through divorce, bad choices) and I know…
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Co-op and the visa/electron saga rolls on
there MAY now be light at the end of the tunnel.... http://forums.moneysavingexpert.com/showthread.html?p=25813957#post25813957
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ipa. damm
Hi all. I have been slapped with an ipa. they want £52.00 p/m . we have a surplus of 126.00 pm between myself & my wife & since br we now have 60.00 & the odds less a month dyue to our baby daughter being 1 year old. i guess i should tell them this & se if it can be changed.:confused:
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Early Discharge
Just check the insolvency website and I got an ED on 30/09/2009. So very happy. I have not heared from the OR / RTLU, will I get anything from them? I would like to get an Discharge Certificate as I understand from reading that I can then get Barclays to give me Online banking with this, how do I go about getting this?
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Advice needed on succesfull claim and what to do now
Morning all, Just a quick question that i hope you can help me with, I was made BR 2 months ago now but before that happened i put in a request to claim some payment potection insurance that was mis sold to me on one of my loans, well yesterday i received a letter from the solicitors saying i had won the case and would…
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Child Trust Funds
What will happen to the kids Child Trust Funds that have been set up. Money has been paid in regularly by us and the family since they were started? Anyone had any experiences with these as I have seen a couple of posts about the childs accounts being closed?
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Why would people choose other options and not bankruptcy ?
I'm trying to reason why people would not go BR as opposed to another option. I know you lose your assets but if you had enough equity in a house, shares or car etc. then you would surely have used them to settle your debts. I read umpteen case here of people who are miserable and struggling to pay back sums which they…
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any help welcome please
hi my parents r going br on the 16th but they went to cab today and they told my dad not to included his van in the br pay it along side his household bills after the br but they company what the arrears payed up and full payment every month but they can afford it what the best way to go about included the debt in the br…
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Utility companies - do they do any checks or have minimum credit requirements ?
I was thinking about this following a comment made by a CCCS counsellor who suggested running up a bill with one supplier and then changing, just before BR and effectively dumping the debt into the BR. What I want to know is if debt or a bad credit score or BR can leave you with a supplier saying "no" they don't want your…
