bankrupsy - scottish laws

Miss_Fluffy

My friend as asked me to post this as she cannot get her messages on for some reason. Can you pm her? she is wordsfan -
I live in scotland and am in too much debt to qualify for a DAS I have been told. Am not working due to ill health and no idea when I will be fit to work. Local advisory service has basically said I'd be best going bankrupt but it sounds very scary. However I'd like to get it all sorted obviously. I'd need to still have a bank account I can do direct debits from as owe the electric from LAST winter and for TV licence. I'd also like to still have a debit (not credit) card for online shopping. Also would it stop me from getting a student loan here in SCOTLAND in future? Laws up here very different from elsewhere. Any advice or opinions would be greatly appreciated.

tigerfeet2006

Here's the infomation from the Bankruptcy Help sticky at the top of the front page.

Information for those in Scotland.


Advice on bankruptcy.

• Consumer Credit Counselling Service (Scotland) - Website: CCCS Telephone: 0800 138 3328
• National Debtline (Scotland) - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)

Others:

• Business Debtline Scotland - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

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Accountant in Bankruptcy (equivalent of the English Insolvency Service).

Main website: www.aib.gov.uk

For general queries about insolvency (but not debt advice) you can contact: General helpline - Tel: 0845 762 6171 - Email: [EMAIL="Helpline@aib.gsi.gov.uk"]Helpline@aib.gsi.gov.uk[/EMAIL]

Bankruptcy

Low Income Low Assets.

Debt Arrangement Scheme

Trust Deeds

Bankruptcy after 1 April 2008

• DAIP - Debt Advice and Information Pack
• Debtor's Guide
• Creditor's Guide
• Bankruptcy Restriction Guide
• Trust Deeds Guide

Bankruptcy before 1 April 2008 (follow for links)

There is no problems getting student loans in the UK, there are several undischarge BR's on here who have got them. I doubt that it will be any different in Scotland.

The 2 BR frindly banks are Co-op and Barclays. From the Bank Accounts sticky.

Bank accounts for Bankrupts As questions come up quite often about what bank accounts are available to BRs, I thought I'd put this together for everyone. Obviously, you'll have to weigh up the pros & cons of each account according to your own situation, & your original bank may have allowed you to keep your bank accounts with them (:j- lucky you), in which case the info below may not be of use to you. Hopefully it will be a help to those who won't be able to keep their accounts & need to get their money paid in somewhere asap.


Co-op Cashminder account

Good points -

• Comes with a Visa Electron card, which can be used online, high street shops, for bill payments & at Link machines.
• You can also set up direct debits on the account, & it has internet banking.
• You can pay money into it at the Post Office, as well as at Co-op branches.

Bad points -

• Can take anything from 1-4 weeks to set the account up, depending on the amount of applications they've got.
• They don't seem to have publicised it, but they seem to operate a "3 strikes & you're out" rule (see this post), so you have to be prepared to keep a close eye on your account otherwise you might lose it.
• The internet banking isn't always up-to-date at the close of business, so your online balance may not be a true reflection of what's actually in the account.
• Not all branches are open on weekends.
• There aren't many branches.

Barclays Bank Cash Card Account

Good points -

• You can withdraw money from the post office, Barclays or Woolwich cash machines.
• Transfer money to other accounts by phone 24 hours a day.
• Can pay bills by direct debit or standing order.

Bad points -

• Only comes with a cash card.
• No internet banking.

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