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Confused
Sorry this may be a really silly question, but i am currently considering bankruptcy for myself and my husband a Trust Deed. However at present i am a SAHM so i don't have any income of my own apart from child tax credits and child benefit. My OH and i have a joint bank account which all our money is paid into and we pay…
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non-essential spending during bankruptcy
I realised my last post was just, very long and for one reason or another, had no replies.. I thought I'd put the questions more plainly and directly... if when you declare a change in your income/expenditure to the O.R. (either voluntarily or when they ask by postal questionnaire as I was told they will towards the end of…
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Becoming a director of a company after discharge
Hi, Does any one know what the implications are for becoming a director of an already trading Ltd company since becoming discharged. Are thre any number of years after BR that you need to wait before being named a director. I was declared bankrupt over 6 years ago (20th Nov 2006) and discharged 5th October 2009. I work in…
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Joint account after bankruptcy
I was discharged from bankruptcy two years ago and have now cleared up my credit file. There is no financial link between my wife and I and she has an excellent credit rating. She has a bank account in her name only that is used for all household expenses and into which I transfer my salary. She is keen to make this a…
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Overtime after discharge
Hi guys, Just a quick question... I've been discharged since July but I've been asked to do some overtime. I'm paying an ipa monthly, do I need to let the or know I'm getting overtime? It won't be a regular thing, a few hours one month, then probably nothing for the next few, that sort of frequency. I'm just not sure when…
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Getting a savings account post discharge
Following my AD 3 weeks ago, I applied to my bank (Co-op) for an instant savings account (more to help me manage my money than to build up savings). I thought it wouldn't be credit checked, after all, I have a Cashminder account with them and I am not seeking any form of credit. Hence why I didn't wait until I had cleaned…
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informing OR re work offer/start date whilst BR
Hi Advice please I am aware OR has to be informed of any changes whilst BR. I am actively seeking work and am not AD until Feb 2013. My questions are:- 1) If I should receive offer of work do I let OR know and can IPA be applied from that date. 2) Or do I inform once I accept job and IPA is from the actual start date of…
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NRAM - Not accepting voluntary repossession
Hi My partner and I moved into rented accommodation on 1st November and went bankrupt on 9th November. We have vacated our mortgaged property and contacted NRAM with regards to what they wanted us to do with the keys etc. We have shut down all the utilities and contacted the relevant suppliers, we have building insurance…
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Sorry to ask again, but I'm a bit confused about repo responsibilities.
I've been trawling the old threads but I'm no clearer on exactly what the situation is with my flat once it's repo'd next neek. I'm seeing a lot of conflicting info so I'd like to just settle a few points once and for all (if possible!). The property is 'mine' once repo'd until the mortgage company manage to sell it. No…
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Help needed
Please could I have some advice. In 2007 I brought a property off plan in Cyprus, I was advised by Alpha Bank to take out the housing loan in Swiss Franc. This has caused me misery ever since, not only has my initial loan doubled the property is not worth a fraction of what I paid for it. In May this year I sourced a…
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CC while bankrupt
it looks like i will be going bankrupt due to divorce, but thats not my question, if i have 4 CC and clear 3 of them before i go bankrupt and default on the biggest CC, would i be able to still use my other 3 cards? Sorry if this is the wrong thread, if so please move to CC thread, didnt want to double post.
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I wish I could stop the telephone calls!!
So I wrote to all my creditors 2 1/2 weeks ago, explaining I was no longer employed, not able to meet my financial commitments and seeking help from the National Debtline. I asked (politely!) if they would refrain from contacting me by phone and instead write to me. Since then I have sent them another letter to tell them…
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First step : a few repossession questions and a board etiquette one
Hi, As I said in my first thread due to an impending increase in our mortgage payments we have been advised to go for a voluntary repossession and then a BR. We have both a mortgage (C+G) and a secured loan (Firstplus). Originally our plan was to pay both of these when they came due at the end of this month then default…
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Bankrupcy Advisors / Pensions / HELP!
I need to find a bankrupcy advisor. Someone who is really knowlegeable about pensions. I am 63 with 75k in unsecured debts, 3k a month net income and no assets. I am married and I support my wife. I do have a final salary company pension plan. This scheme is approved by the Inland Revenue (the scheme managers assured me).…
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Can you be re-possessed twice?
My wife and I went bankrupt in March. We had already moved out of the property in February, and tried to get Northern Rock to take voluntary possession, which they wouldn't do unless I signed one of their forms. After reading comments on this site I told them that I would not sign due to the liability cause. They finally…
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Moonbeaver tax
Hi, Im confused. From what I hear I am not supposed to be paying tax on my salary whilst bankrupt and I am supposed to be paying it to moonbeaver but I have never heard from anyone called moonbeaver and my employer still takes my tax off my salary like they always have. same for my hubby who is also bankrupt. we have been…
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When will i hear from the or again
Hi there, I was just wondering. I have been bankrupt since 12 March 2012. I had my first interview by telephone with the or a few days after that, then a letter saying my case had been transferred to someone else about 2 months later and then i have heard nothing since. Not a word, really quiet. Is this normal? When will I…
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Bankruptcy Help?!?
Hi, myself and my partner both declared ourselves bankrupt in 2008. we aretrying to build or credit up as we would really like to try and get a mortgagein the next 10 years. Can anybody advise what we can do? we are both 25, mypartner is with Barclays and im with Co-Op Bank. Are there any kinds of creditcards or loans we…
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Letter from OR
Hi all Been a while since I last posted on here I'm now about 2 months from auto discharge and I got a letter in the post from the OR stating that he is applying the the secretary of state for business innovation and skills to be released as trustee and also attached of copy of his invoice for my reference What does this…
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Barclaycard Incorrect Default Date... Do I Act?
Barclaycard have marked my credit file with a default 5 months after my bankruptcy date. They have satisfied the account on my discharge date which is correct. Is it right for me to get this changed with them, the default date? As I understand they cannot mark your account with a default any later than your br date. It is…
