Ask a CCCS counsellor a bankruptcy question

mnik

I was discharged from BR a couple of months ago. I have a cashminder account with Co-Op and a step account with Natwest that used to be current but had to be downgraded when I went bankrupt. The problem is that I really need a chequebook as my kids' school are constantly asking for any payments to be made by cheque and not cash. I constantly have to ask their dad who doesn't live with us to send cheques and that sometimes takes weeks.
I have spoken to both of my banks. Natwest, who I have a very good relationship with,told me that I would need to rebuild my credit score first. Co-op refused to consider a current account because I have a record of bankruptcy for the next six years.
Is there any way at all to get an account with a chequebook? Maybe on a student account?
Grateful for any advice

IF

mnik wrote: »

I was discharged from BR a couple of months ago. I have a cashminder account with Co-Op and a step account with Natwest that used to be current but had to be downgraded when I went bankrupt. The problem is that I really need a chequebook as my kids' school are constantly asking for any payments to be made by cheque and not cash. I constantly have to ask their dad who doesn't live with us to send cheques and that sometimes takes weeks.
I have spoken to both of my banks. Natwest, who I have a very good relationship with,told me that I would need to rebuild my credit score first. Co-op refused to consider a current account because I have a record of bankruptcy for the next six years.
Is there any way at all to get an account with a chequebook? Maybe on a student account?
Grateful for any advice

Hi mnik and Welcome, I'm afraid you are unlikely to get a current account for a while yet unfortunately.

It may be worth your while cleaning up your credit files too. Please see Fermi's sticky.

You'll need to get all three credit files, click on blue links below:-

Experian - Click here

Equifax - Click here

Callcredit - Click here


They are £2 each for paper copies. Some people have used the online one's and have said the information was very poor compared to the paper copies.

Fermi’s, Credit Reference File Clean Up Post Bankruptcy Sticky - [URL="https://forums.moneysavingexpert.com/discussion/677875
"]Click here[/URL]

And Fermi’s thread ‘credit clean up discussion’ - Click here

Help in regaining those green ticks:-

TF's post is very helpful - Click here

Best wishes
If...x

mnik

Thanks a lot for your reply. Have started the clean-up so will just have to be patient.

samyantha10

I am about to be declared bankrupt. I have a Virgin mobile contract which I've always paid on time etc. Will I lose my contract when I am declared bankrupt and is there anything I can do to prevent it?
thanks
Sam

System

samyantha10 wrote: »

I am about to be declared bankrupt. I have a Virgin mobile contract which I've always paid on time etc. Will I lose my contract when I am declared bankrupt and is there anything I can do to prevent it?
thanks
Sam

Hi Sam and welcome to the forum.

If there isn’t a debt to Virgin the contract is unlikely to be affected.

I hope this helps.

Kind regards,

Mat

oplus

Can a creditor use an overdraft to offset another debt?

StepChange_Pavan

oplus wrote: »

Can a creditor use an overdraft to offset another debt?

Hi oplus and thanks for your post.

Yes, your creditors can take money from an account to cause you to go into or over an overdraft.

I hope this answers your question.

Kind regards,
Pavan

kittywitty

Im seriously thinking bankrupsy. my question is:- I married my husband 17 years ago. My name is not on the morgage. When I met my husband he already owned the house as I did have my own house and have sold it some 12 years ago. Since then I have had loans to inprove the house. Does this mean I have a interest in the house and would it affect the bankrupsy i.e. could the advisor make us sell the house.

oplus

CCCS_Pavan wrote: »

Hi oplus and thanks for your post.

Yes, your creditors can take money from an account to cause you to go into or over an overdraft.

I hope this answers your question.

Kind regards,
Pavan

Even if it increases their exposure in an IVA? Pointless.. why do I feel a need to keep the account 'clean', no overdraft, hardly ever used one but with this in mind I might as well spend the overdraft money on paying the bills then?

What do they do If both husband and wife have credit cards with the same provider yet only one is going down the IVA route?

SteveABC

Hi

Hope you can help with a few questions I have.

Background first - walked away from mortgaged home 7 months ago and now in privately rented accommodation. Went BR March 2011 (due to be discharged March 2012). Mortgage on my previous property and secured loan all included in my bankruptcy debts (home is in substantial negative equity). I have now had letters from the mortgage lender's solicitor stating the lender is taking repossession of the house, which is what I expected to happen.

Questions:

(1) Do I legally have to attend court in person? I'm not contesting the repossession and all the secured debt is included in my bankruptcy. Will the case just be heard in my absence?

(2) The letter from the court giving me the date of the court hearing includes a "defence form" asking lots of questions about my income and expenditure. Again, do I have to fill this form in and return it to the court?

(3) The letter from the court also mentions a court cost of £100. I am still within my bankruptcy and 100% of my disposable income is forming an IPA, so I cannot afford the £100. Do I have to pay this?

Many thanks.