I'm a bit thick, so can I ask?

mike1966_2

If i offend by asking these things, i'll say sorry in advance.
I allways thought that your money and things were frozen, so what about my internet, mobile contract, home phone and all things like that.
What about my car, it's a 51 plate galaxy because we are a young family of six, and it was bought with finance.
Sorry to ask these basic questions, but these are the first things that come in to my head.

TIA

sieve

No offence whatsoever Mike!

Bank accounts are frozen when you go BR so take out what you need for the month the day before. It is my understanding that your internet/mobile/home phone etc will generally keep going as long as you are not including them in the BR. Your receiver might not let you have some of them (eg mobile & internet if they're not required for work) but you can generally pay for them out of your surplus if you have one and want to keep them.

Car, if it's on finance you will probably lose, but if the OR decides you need one rather than it just being a convenience, you should be given an allowance to buy a replacement.

HTH,

S

tmcd01

You are entitled to keep a car under a certain value, but a 7 seater for large family seems fair. You need to justify internet or pay from surplus. Bank account is frozen but you can open another with barclays or co-op. Home phone not affected unless you owe BT. and i was allowed to keep mobile contract so....

Hope that helps a little!

get_me_out

Money you need for everyday living will not be totally frozen. When you talk to OR after judge made you BR. You just tell them with account you need to keep (must be basic one) most allow you to keep them.

Can't help on Mobile, internet will have to come from your surplus money you can't have it in your income and expend sorry. Home phone should be allowed with out a problem.

Car depends on the finance company, as it is still theirs until paid for in full. I have not had dealings with this others will advise more.

Zandytobedebtfree

Hello mike1966

No you are not thick, and I will try to answer as best my knowledge!

Your bank accounts are frozen, but if you open a co-op cashminder or Barclays cash card account, then these accounts are BR friendly, and the OR should not close these (if you open them post BR)

Your Internet is not really allowed, unless needed for work/school, and your Mobile phone bill will be included in BR. So you will most probably have to go over to PAYG. But these amounts will have to come out of your surplus amount to pay each month.

Your Home phone you are allowed a certain amount per month to cover bill.

If you fill in this SOA and put on here then we can have a look and make any suggestions - follow this link - http://www.makesenseofcards.com/soacalc.html

As to your car, unless this is needed for work of taking the kids to/from school, then unfortunately you may lose this - It depends on the OR at the time!

Any other questions however silly you make think they are, just pop on here and we will all try to help you.

mike1966_2

Thanks to all for that, the mobile and internet i need for my self employment, as for the car, can i sign it over to my father and him take over the repayments?

dubiousone

Hi all. Sorry to hijack the thread but how exactly does OR give you an allowance if you lose your HP car with finance still on it but you definately need one (not for convenience)?

Zandytobedebtfree

Hi mike1966

Don't sign over the car to your Father as the OR will look upon this as you trying to dispose of your assets, which is not allowed, and will be frowned upon!!

Just tell the OR that is needed for work, and you should be OK. HTH

skylight

Is the car on HP finance?? I ask as my "car loan" was not a car loan, but in fact a cash loan that the car company used to pay for the car.

HP contracts tend to have clauses in them that state the car will be taken back if you go bankrupt. Now, although there may be a clause it does not always happen that way - it depends on the value of car, value left of loan, term of loan and so on. You are not going to know whats going to happen with an HP car until you call them. So. *IF* the HP company are happy for you to continue paying the HP back and keeping the car, your OR then decides whether or not to allow the amount to be included in your SOA. He cannot take the car as its not an asset (unless there is a very short period of time left on the HP payments and its soon to be legally yours). He can though, refuse to allow the amount in your SOA. Of course, more ifs and buts, but again this depends on the amount you are paying each month.

Do not transfer the car into your Dads name. The OR cannot take a HP car anyway but it can cause issues with insurance and so on.



As to the other posters question - the OR would not give you an allowance under these circumstances if the HP company took the car. That has nothing to do with the OR and he won't be interested. If the OR took a car at £5k that you owned outright, then that would be a different scenario for him to give you an allowance back to purchase a lesser value car - but I do not know the procedures for him doing this. The OR can only give you something back from the asset he realises. A car on HP cannot be realised by the OR.

dubiousone

Cheers skylight. I see what you mean now, much appreciated.