Young Couple with no income and small debt

intreast

i had 2 debts in total 45000 pounds one with hsbc and natwest they where credit card debts . i seet my debts with each for a mer 7000 pounds it hsd gone to debt collector i was paying then 10 pounds each and they stopped intreast it got to the point where they where !!!!!! of with me in the end i offered them 7000 pounds each they went away and got back to the bank and they ok it the thing i had nothing in the uk i ahve a house in france but they can not touch it as it is not on uk soil. my credit file is marked as ok sett. and guess what i have another c card now with tescos now with a limit of 3000 pounds thank u very much ; be cheeky and firm dont be scared . joe cheek to burn

Toomuchdebt

Well I think it's very stupid to have another credit card with a limit of £3000 if you've already had debt problems once-who's to say you won't find yourself in £45000 worth of debt in a very short time?

iolanthe07

In other words, buy a property abroad, run away from your responsibilities, and two fingers to the rest of us.

Mike_St_Helens

iolanthe07 wrote:

In other words, buy a property abroad, run away from your responsibilities, and two fingers to the rest of us.

Eh? im lost with this one... cant find the post that says they want to move away or where someone has suggested it ?

Sorry....

Penelope_Penguin

joolz43 wrote:

If all the debt is unsecured a bailiff cannot come and take anything away.

I think you and your son and his partner need some proper advice here, perhaps as previously mentioned ring the CCCS or payplan. I found CCCS really helpful.

Hi, there! First bit is nonsense, I'm afraid! However, unless you let the bailiffs in, they can't insist on entry without a court order.

Second bit is sound, but don't forget CAB.

Penny. x

Penelope_Penguin

ixworth wrote:

Bailiffs: I know what the law says about bailiffs rights but I have also read tales of bailiffs pushing past women as they put babies into pushchairs, of pushing past people as they open the door and then saying they were invited in, of lying about who they are and then denying it afterwads, of banging loudly on doors for hours on end. We expect bailiffs to arrive and know what to expect. The original question was intended to seek information about the sort of protection against bailiffs bankruptcy would afford.

Hi, Ixworth! Sounds like you're being a really caring dad (and grandpa in waiting!) so well done on that.

As for your specific question, bankruptcy should give complete protection against bailiffs. Once your son is declared bankrupt, his debts are immediately written off, so bailiffs no longer have a right to visit. If bailiffs then visit (they may not get notification immediately) then your son needs to show them his paperwork and they are required to leave.

Hope that answers your question! I'm a CAB Money Adviser, so if you have any further specific questions, please post, or PM me.

Best of luck, Penny. x

ixworth

Unfortunately CAB were short-staffed today and my son didn't get to see the money expert. Now going to see them next week.

We'd already been advised to cancel all payments to bank, DR, storecard (but not the council tax, rent and utilities) and are worried that the DR in particular will come after then as soon as they see the DD has bounced. We haven't spoken to them yet about bankruptcy for the same reason and are worried the protection it offers won't come soon enough.

We're now worried about the bank too as my son tried to cancel the DD for the managed loan and was transferred to someone who got quite aggresive with him; in the end they refused to cancel the DD (I didn't know they could do this), and informed him he would be increasing the interest and also incurring unpaid DD fees as well as overdraft fees. I'd almost recommend bankruptcy on principle now so that they don't get one penny of this disgraceful debt. BTW: I'm quite proud of the way my son keeps his cool with these peolple on the phone, perhaps there's a clue to a career path for him.

Anyone tell us how long bankruptcy takes to go through if that option is taken, as now seems more likely than agreeing reduced payments to the creditors.

Thanks again for all your support and advice

Dad/Granddad

justruth

In the short term, look on the consumer action group website, https://www.consumeractiongroup.co.uk (martin has it here somewhere) which is the one for reclaiming bank charges. There may be a letter in there to stop the bank imposing the bank charges, I have seen several along some of the forum posts. The process of reclaiming them will take some time, but in the short term you can certainly get them to cancel the one's that they are about to take out.

You have to tell him he can do this and show him this thread. We've all been there, we all wish him and his family the very best of luck.

Penelope_Penguin

Hello, again! It's the same all over in CAB. We're completely overwhelmed, underfunded and understaffed. We have about 5 people come into our office for every one that I'm able to take onto my case load. So the fact that your son has a worker is good news, though it may not seem like it, currntly.

From what you say, your son's loan is with the same company as his current account (please correct me if this is wrong). The bank is completely within its rights to take the contractual payment, as soon as his benefit hits the account, and that's what they'll do. If he were a client of mine, who was seriously considering bankru[ptcy, I'd advise him to open a "basic bank account" with an institution with whom he has nothing at present. This way, he may, with the agreement of the bank, keep this open throughout the bankruptcy process. It will alos mean that the loan payment (is this unsecured, btw) will not get paid.

Regarding how long the bankrupytcy takes, the form takes a couple of hours to complete, and getting a date at court takes, in my experience, between 1 day and 4 weeks. Can I suggest you phone your nearest County Court, give them the town where your son lives, to check that's where he needs to file, and ask them. Court staff are generally very friendly and helpful.

Penny. x

Penelope_Penguin

Oooh, forgot to mention, once you have your court date, I've had clients have success phoning on a daily basis, as Courts often have a cancellation, if you can get there at short notice.

Penny. x