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What do I need to take to CAB?

2

Comments

  • yorkie77
    yorkie77 Posts: 169 Forumite
    Thanks, will take a look.
  • concerned43
    concerned43 Posts: 1,316 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yorkie - I would say BR is an option for you but best let your local CAB advise you.
  • yorkie77
    yorkie77 Posts: 169 Forumite
    I had a look at the budgeting tool but my outgoings are a minus number before debt payments come into it.
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    If you go to CAB they also advise on maximising your income and talking through other possible options, we don't just deal with debt :)
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I agree with angel:)
  • yorkie77
    yorkie77 Posts: 169 Forumite
    I have had my appointment and it looks like bankruptcy is best option. I have a joint account with my partner at barclays, this account is not overdrawn and have no intention of making it so. Once bank know I'm bankrupt what will happen to account and how will it affect my partner. Thanks in advance.
  • beentheredonethatstilhere
    beentheredonethatstilhere Posts: 968 Forumite
    Is it the basic Barclays Cash account?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • yorkie77
    yorkie77 Posts: 169 Forumite
    No it's not a basic account as I have an overdraft option, sorry don't know name of account but it's the account we use for paying bills by DD.
  • beentheredonethatstilhere
    beentheredonethatstilhere Posts: 968 Forumite
    You will not be allowed an OD facility. Are you in the OD at the moment? If not go and get your name taken off the account and then everything can carry on as normal with that account.

    If you want an account as well the Cash account is the one you want.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • yorkie77
    yorkie77 Posts: 169 Forumite
    The account is not OD, do I need to tell the bank I am planning to go bankrupt?
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