Help with bankruptcy

josephine1_2

thanks skylight for quick reply

dalip

For once i have to say i would tell them. Sorry to disagree skylight:o . Perhaps some of those who also opened co-op accounts before bc could tell us if they mentioned bc when opening the account.D

skylight

:shocked::shocked: You don't agree with me Dalip??

(Imagine crying smilie here, not posted it cos its rubbish!!)


I opened my Co-Op after BR, and didn't mention it cos they didn't ask. I did open my Natwest one before BR and didn't tell them then either.

Jaks

I am in the middle of opening a co-op cashminder account. I applied over the phone and told them I was going bankrupt (I go to court on 04/09/08), my application got refered to the banks underwriters. I was given a reference number and was asked to call in 3 days.

I rang them yesterday and was told that my account had been opened and that I would get a welcome pack through the post in the new few days.

I recieved my welcome pack this morning and the letter also had my sort code and account number on it. I am now waiting for the Visa Electron Card and pin number, It said in the letter that I should recieve my card within 7 days of recieving the welcome pack.

Jaks

josephine1_2

will await the verdict on this then dalip want to make sure we get this right, we have to have a bank account that partners wages and my maternity allowance etc can go into and not be frozen during bankruptcy as we have no family really that can help if we were stuck with no money for a month or so whilst opening an account post bankruptcy.

skylight

Josephine - there is no account that you need, that has a guarantee that it wont be closed at BR. Just highly unlikely. I needed to let you know in case the worst case scenario happened. Almost all of us here have had our basic accounts kept at BR and we could carry on using them as the OR's tend to have no interest in basics without a debt on them. Especially when you tell them that you need it for day to day living expenses.

But forewarned is forearmed and all that!

Geordie_Mick_2

Hi Jospephine, I can offer the following relevant advice:

I'm a 34 year old that went BR in Apr 07 for £122K. At the time I had a letting agency so as long as their is no clause in your agreement you don't need to inform your LL, the receivers/court won't need to either as long as you are not in arrears.

Don't worry about having a new contract every six months, the reality is if the LL/agent is sloppy enough to allow it, they (not you) then have reduced rights one the tenancy has reverted to a 'statutory periodic tenancy', so don't pester them to do so.

Put down EVERY single person you owe money to on your petition (especially Barclays and Co-op), if you don't they can come back for it post bankruptcy. I forgot to put talk talk down on mine and owed them £40, they added a £70 early termination fee and I had to pay it after I was BR'd.

Don't open an account before your BR'd, it will be closed on the day of BR. The court order you to close your bank accounts and then authorise you to open new ones. If your hubby isn't connected to Co-op or barclays then get him to open a CASHCARD account with barclays, it takes about a month though, they were utter useless when I applied, it's a postal application only and no debit card or online banking.

Go and open a Co-op CASHMINDER account, which has a VISA electron debit card facility, online banking, but beware, the first few months for me post BR were tough, I was using my debit card too much and ended up skint too quick, and if you get ONE DD rejected in first three months of your time with them they close the account, I had mine reversed but only after a fight and proving the DD shouldn't of come out at the time it did causing the overdraft.

Have you explore every avenue?? Has an IVA been ruled out??

Other general advice is don't worry too much, I was !!!!!!!! myself, £16K of my debts was clients monies that I'd dipped into to try and tide me over until better times, many of them lived in the same area as me, had visions of them painting 'fraudster' (not that I had been) etc on my house but everyone in the process handled me with dignity and respect.

The month after I was BR's I immediatley felt better off and my whole life changed, for the better, keep this in sight. Bankruptcy is a life changing process, normally for the better, but you should only do it if you HAVE to and only do it once.

Good luck

skylight

Geordie Mick - you should never have paid Talk Talk as if the debt was incurred before your BR date then it was included - in your petition or not. Thats why we are listed in the local papers, London Gazette and the online insolvency service, to notify any creditors of our bankruptcy and to lodge a claim if need be.

And as the hundreds of posts on these boards, basic bank accounts are not neccessarily closed down. I understand what you are saying, "technically" the courts close the account and the OR can release them - I think you will find (as in the majority of cases) that the closure doesn't even happen now. If the OR has non interest in the account you can continue to use it (you need their permission though and not assume).

And BR does make you feel a lot better, doesn't it!!

Geordie_Mick_2

skylight wrote: »

Geordie Mick - you should never have paid Talk Talk as if the debt was incurred before your BR date then it was included - in your petition or not. Thats why we are listed in the local papers, London Gazette and the online insolvency service, to notify any creditors of our bankruptcy and to lodge a claim if need be.

And as the hundreds of posts on these boards, basic bank accounts are not neccessarily closed down. I understand what you are saying, "technically" the courts close the account and the OR can release them - I think you will find (as in the majority of cases) that the closure doesn't even happen now. If the OR has non interest in the account you can continue to use it (you need their permission though and not assume).

And BR does make you feel a lot better, doesn't it!!

Hi Skylight, Yes, I apologise, I think I can remember them saying as long as the bank had no objections than you could open one before the event.

I was with Halifax at the time, I approached them and was told as long as my £1500 overdraft was paid off they would keep my account open, so I paid it off with some of the funds I had, cheeky bleeders closed it straightaway, reported them to the receivers, because they then had £1500 that could of gone into the fund, needless to say the OR didn't get the money back.

With regards to talk talk, the mone was for the month after the BR, they claimed I should of handed my month's notice in before my BR, so they got their way in court, I lost!! Paid the money before it was registered though, couldn't believe it!

skylight

Swines.... I hate Talk Talk. Not that I owed them etc, but when receiving really nasty midnight phone calls, they did bu**er all to help. I had to leave them to get help.

And Halifax have a haters club here too! When chasing payment, they actually phoned one posters OH on his hospital ward to prove he was really ill.....