Bankruptcy...should I contact my creditors?

Davemac

I left a post the other day (see link below) and following helpful advice, I contacted CAB and also spoke to someone at CCCS.

http://forums.moneysavingexpert.com/showthread.html?t=1220495

I have chased the solicitor and DMP company mentioned in that post and am no longer entertaining the idea.

After much delibaration, I have decided do go down the bankruptcy route, which as a non-home owner with no dependants, is I feel, the right move for me personally. Being totally debt free is what I feel I need to be and this will help me achieve that, although I am well aware of the implications.

Even so, there is one or two things which are still nagging at me and any advice would be appreciated.

Firstly, I now have the Bankruptcy forms and have made an appointment with the local County Court for November 12th, when I will formally file for bankruptcy.

Although that date is less than a month away, in the meantime, the credit card companies will doubtless contact me. I have taken on board what was said in reply to my original post and will attempt not to enter into conversation with them.

However, having just spoke to a very helpful guy at CCCS, he suggested it might not be a bad thing to put into writing a short letter to each creditor, explaining that I am seeking legal advice from the CAB before filing for bankruptcy, given my perilous financial state. This way, I would display a helpful attitude and avoid looking like I was burying my head in the sand.

Would this be worth doing? Something tells me it will only invite earlier communication? Should I leave my creditors be and wait for November 12th to come around?

As i live with my parents, I don't want this to impact on them, so the last thing I want is bailiffs knocking round, although I'm told that given the timescale, this would be unlikely (although not 100% unlikely). Bailiffs are a worry, I must be honest.

Also, does anyone know whether, following bankruptcy, I might be unable to rent a flat further down the line? Are all letting agents and private landlords likely to check credit history or is it down to each individual organisation?

I am aware of my right to open a basic bank account too, but as I have worked overseas previously - and might do again in future - I was wondering whether I would be unable to do the same with an overseas bank should i need to open a foreign account.

Once again, a million thanks for any help. Great site.

Dave

GeorgeUK

I'm afraid i've nothing that can help, but if someone from CCCS said it may look better to the court, then i can't see any harm in doing this. It's not like the creditors you communicate with will threaten you with bankruptcy.

You may get more response to the other questions if you post on the bankruptcy board.

Good luck with this.

Davemac

Thanks George.

Mistakenly missed the Banruptcy forum. I've now posted it there instead.