Discharged Bankrupt

no1_non_moneyexpert

I recieved my Letter of Discharge last week but am still unsure were that leaves me.

Im not an expert in this as was made bankrupt by a company my business owed did not declare myself bankrupt.

What happens to my mortgage as i've continued paying throughout my bankruptcy.

Can i get a bank account other than co-op cashminder or barclays basic account?

There seems plenty of info for people in there bankruptcy but not much for when its finished(discharged) any help or info greatly appreciated.

tigerfeet2006

Hi and welcome to the forum.

You just carry on paying your mortgage as normal. I am assuming the OR did not show any interest in the house at all. Have you bought your Beneficial Interest (BI)?

You will only be able to get basic accounts for a liitle while. The further you are away from your BR the easier it will get.

You will now need to clean up your credit reference files, will just get link to the sticky for you.

http://forums.moneysavingexpert.com/showthread.html?t=677875

no1_non_moneyexpert

No i never bought the BI never really heard anything from the OR regarding it.

I'm sure if i try to sell it will rear its ugly head then(the situation not the OR)

I was told by Natwest that they do not provide bank accounts for Discharged bankrupts after the 15 minute detail capture call!.

Rang RBS and the man on the end of the telephone said and i quote "they are talking out there hole" lol.

I'm going to follow the advice on here about clearing the credit report and will report how easy it is/or not?

tigerfeet2006

I think it might be worth getting some advice about your BI. The OR has 3 years to declare an interest in it I think, but may be wrong. If you are in negative equity then you can buy your BI for £1 plus costs of about £250. If I were you I would give someone like National Debtline a ring and talk through your situation. I would hate for you to suddenly have to pay out £1000's to the OR years down the line.

fiveyearplan

Yep, thats all correct Tigerfeet.

tigerfeet2006

Thanks 5YP for confirming that. It's much appreciated. Should hate OP to loose his house down the line.

no1_non_moneyexpert

I'll take the advice you've given me here.

Am about to embark on clearing my credit score, well making sure everything shows as settled.

kevker

no1_non_moneyexpert wrote: »

I was told by Natwest that they do not provide bank accounts for Discharged bankrupts after the 15 minute detail capture call!.

This brought up an interesting conversation I had with the local Natwest manager. I was in reclaiming some charges they had levied on an account I had for all of 1 day. Anyway, he said that if you are discharged you won't even get a step account. Furthermore, if you currently have a step and you try to upgrade (which I did successfully), they then go into more depth on your report, and if they even get a whiff of bankruptcy they remove all banking facilities (which they did to me). He also said he has had it happen to five of his customers over the last month.

So the moral is, if you have a basic account at the moment, keep your head down.

fiveyearplan

tigerfeet2006 wrote: »

Thanks 5YP for confirming that. It's much appreciated. Should hate OP to loose his house down the line.

Especially as free legal advice is so easy to obtain. Things like houses can be complicated. I haven't even got that far yet and I'm sure it is more complicated than the car and that has given me nightmares!!:eek: