Questions re , children , banks ,baliffs , car .

sadnblue

Hi, [1] childrens accounts with builing soc . in my name , do i need to change into theirs or not ? same for child trust fund , although they say on paperwork you have to be 15 and they aren,t . looking at earlier thread makes me think i might be ok .
[2] banks what happens to pay as it is paid straight into the bank , how can you get hold of it , is there a differant way of being paid somewhere else?
[3] baliffs , when do they appear and what do they leave you with ?
[4]car , its a people carrier , i have three children , live in the country ,no buses and i have a back problem so its automatic . Its worth about £2000 , would this be taken away .Its not on lease or anything . I couldnt get to work if that went !
thankyou for your help , trying to get through the minefield as bankcruptcy looms .:(

fiveyearplan

sadnblue wrote: »

Hi, [1] childrens accounts with builing soc . in my name , do i need to change into theirs or not ? Yes, change into their names! same for child trust fund , although they say on paperwork you have to be 15 and they aren,t . looking at earlier thread makes me think i might be ok .
[2] banks what happens to pay as it is paid straight into the bank , how can you get hold of it , is there a differant way of being paid somewhere else? Open a basic account with either the Coop or Barclays - they are the only 2 banks guaranteed to allow bankrupts. Have you direct debits and pay transferred to the new account before BR - unless you live in Brighton area.
[3] baliffs , when do they appear and what do they leave you with ? No one will come to your home - they accept the information you put down on your forms.
[4]car , its a people carrier , i have three children , live in the country ,no buses and i have a back problem so its automatic . Its worth about £2000 , would this be taken away .Its not on lease or anything . I couldnt get to work if that went !
thankyou for your help , trying to get through the minefield as bankcruptcy looms .:(

Nothing about cars and bankruptcy is certain but it looks as if you will probably be able to keep the car if it is a necessity. Generally you need to have it for work.

sadnblue

I thought baliffs came in once bankcrupt , maybe i,m watching to much telly !! very glad if they don,t , breath a sigh of relief .THANKYOU .

fiveyearplan

Nope - they definitely don't come to your house - I think they used to years ago but they simply don't have time for that sort of thing now.

Have you spoken to any of the debt charities and read through the BR information sticky on the front page of this forum? All very useful information.