1st Post Newbie and totally confused!

deedee_3

I had an Alliance and Leicester account and ran it beautifully, as soon as they heard I was bankrupt it was ' sorry don't want the likes of you round here.'

I would open a Co-op Cashminder or a Barclays cash account, they are both bankrupt friendly and Co-op don't seem to freeze accounts if you go bankrupt. Most of us on here seem to have one.

Edited to say it is up to you if you go bankrupt before they make you then you have more control of matters though you will have to pay fees. Also HMRC can opt to choose the IP if they petition you.

fiveyearplan

Shattered_Dreams wrote: »

Also, one other point - I have run my current account with Alliance & Leicester really carefully and have never gone overdrawn. I don't have a credit card or OD facility with them -does anyone know if there is a high incidence rate of banks allowing you to keep your accounts with them? My only issue with this that the OH has a loan with them (totally separate to me) which would be included in the BR

I was quite sentimental over my Barclays account that I had for 18 years and felt quite upset that they bounced one direct debit and started all their charges eventually £400 in charges over a very short time and then they started CCJ proceedings. I had never been overdrawn over my limit in all of 18 years but it just goes to show they don't look at the history of the account just the here and now. I went BR before the CCJ so its all wiped out now! If creditors listened more and agreed to lower payments people may not be in such financial mess and so much debt would be repaid. I don't know how they figure they 'win'?

LilyBart

Curiously enough, it seems the same company operate as trustees in bankruptcy. Interesting, eh?

Shattered_Dreams

Bumping this thread to avoid starting a new one.

Well it looks like we're going BR :embarasse The HMRC have got their CCJ against us and if we don't pay up (which we can't) by next week they will start proceedings against us.
I've been taking advice from the Business Debtline, but they're so busy at the mo, it takes ages to get through, so I thought to ask here first - a few questions:

1. As we are going to let the HMRC make us bankrupt (to avoid the fee), do I need to get an IP sorted beforehand or wait for the statutory demand etc to come through from them?

2. After the pub failed, I was head-hunted back into my old company and now have a good full-time job. As I'd been gone 18 months, my employment started again as new, with a new pension scheme and all my previous years service wiped clean.
My question is this - my old pension (paid into for 27 years and a pretty good one, hopefully for my retirement in 15 years) was frozen when I originally left. In bankruptcy, can the OR lay claim to that pension and will I therefore lose all that money for my retirement?. As a side point - OH is self employed and doesn't have a private pension at all, although he does pay his stamp.

3. Also, I pay into a work scheme that gives both me and OH life assurance. Will they sieze that too?

4. When doing a SOA, do I include my work benefit scheme or just put down my take home pay. Just to explain - the company give us a "pot" of money on top of the basic salary from which we use to have LA, medical insurance, dental insurance etc. I just pay for extra holidays and have Life Assurance. The excess is included in my take-home pay and is fixed for the year.

Our debts are quite significant, so I'm wondering if they'll take anything and everything

Sorry for all the questions, just when I think I know what we're doing, I think of another pitfall! I know I could trawl through the site and probably find these answers, but please forgive -I'm so pushed for time!