The Bankruptcy Club & Supporters Club

Mike_St_Helens

tammyfshr wrote:

ive been advised by the cccs but my husband hasnt.shall i get him to give them a call and will he need any proof from them that he has called.

I would - They wont need proof, But if you are both going B then make sure he knows the score and makes sure he sys he too has had the advice if you decide he doesnt want to go.

have you got your fees sorted ?

tammyfshr

i think maybe using some credit card balance might be used.just cant wait to make a date but cant ring till tuesday.too be honest i suffer from depression and used shopping as a cure.i was already on my plan and couldnt get any loans/credit in my name.so ran up dedt in husbands name which was killing me inside.my husband had to leave work due to ill health and we also have a one year old so we went from two incomes before baby to now none.had to keep getting more credit to make payments.finally broke down last noght and told husband everything.i was so scared of his reaction but hes took it really well.we just want to go back to being happy and feel this will help.really worried as we only bank online and dont have any statements to show.kept everything a secret from my husband.there is alot of large transferes between accounts and withdrawals.cant even explain what i spent it on.have been crying every day for months.

PAW75

A standard letter gets issued to the Landlord from the OR, its to establish if there is any arrears also to check the amount of rent your paying against what has been put on your outgoings.

I have in some instances seen accounts being closed if the people are on benefits, this was heartache for some people prior to xmas, so I would recommend you speak to your bank and see if they would be happy to keep you as a customer, if not at least you know and you can look to open a new account once your order has been made.

With regards to Direct Debits coming out of your bank again i would speak to the bank and see if they are happy to keep you as a customer, if not then I would personally withdraw the money and arrange for a third party to make payment to your landlord until a new bank accoun is set up.

I would speak to CCCS to advise them your circumstances have changed and ensure you send in those docs to the OR, what they will look at then is credit obtained after you entered into that agreement with them.

I believe you have done the right thing in being honest and open, look at this bankruptcy as a new start for you and your husband.

tammyfshr

we pay an estate agent who pays the landlord.they dont even know that we are not at work and are on benifits now.so i am abit worried.been on the housing list for 2 years.will they tell them that we are now bankrupt?we are always on time with payments.could they ask us to leave?

PAW75

I have never come across a landlord who has asked tennants to leave a property due to bankruptcy, I feel that all they care about is the money reaching them on time, try not to worry about it xx

AngieB666

Hi there,

I have spent the last couple of days reading through this thread, and thought I would take the leap!

Me and the OH have got ourselves in a pickle, and although we have not taken advice (as yet) we think that BR is the only viable route for us.

We both had many questions up until I started to read all your experiences on here. These have helped us enormously.

What we would like to know is:- we hold a bank account in the US, which does have funds in that we use when we are over there on holiday. We just put money in every now and then (nothing recently) so that we already have our 'spends' before we travel. Does this get taken into consideration with the OR? Or are our 'spends' safe as it is trans-atlantic?

If anyone could help it would be greatly appreciated.

We are hoping to file for BR in Feb as should have the fee's saved up for then!

sandralovescats

AngieB666 wrote:

Hi there,

I have spent the last couple of days reading through this thread, and thought I would take the leap!

Me and the OH have got ourselves in a pickle, and although we have not taken advice (as yet) we think that BR is the only viable route for us.

We both had many questions up until I started to read all your experiences on here. These have helped us enormously.

What we would like to know is:- we hold a bank account in the US, which does have funds in that we use when we are over there on holiday. We just put money in every now and then (nothing recently) so that we already have our 'spends' before we travel. Does this get taken into consideration with the OR? Or are our 'spends' safe as it is trans-atlantic?

If anyone could help it would be greatly appreciated.

We are hoping to file for BR in Feb as should have the fee's saved up for then!

It depends if there is any link which the OR can get hold of! Is the bank account a US Bank? Has it links with the UK? How do you usually transfer money to that account? It would be possible to trace payments made from a bank transfer here to a bank in any other country. However, if cash was paid in here to a US account I doubt it could be traced.

Also, I would expect that the Tax Office knows nothing of this account either?

A couple of years ago a friend of mine got divorced. Her Mother lived here, her Father lived and worked in Saudi Arabia. When it came to divorce settlements her Father had thousands and thousands of pounds in a Saudi bank account, which he never declared, so her Mother didn't get a penny of it.

I would be tempted not to declare this account at all.

AngieB666

Thanx Sandra,

The account is with the Bank Of America, and at the moment has no links here (although I beleive that Barclays are interested in buying it)

We usually take the money over ourselves, and have never done a bank transfer from our bank here. Due to people (including OH ex-wife) being too nosy for their own good, we have kept this bank account under wraps.

Also, and I'm sure this has prob been covered before, we have a mortgage on our house, and also a loan which as good as puts us in neg-equit, will the OR try to take the house (or share) in any shape or form? Will the BR cover secured loans? (we don't want the secured loan put in - we would rather keep paying it) We have no arrears on either mortgage or secured loan.

Just damned CC's!!

sandralovescats

All debts are included in bankruptcy, secured or unsecured. You have to include ALL debts whether up to date or not.

Where the house is concerned it depends on the equity, etc. and whether one of you or both of you are going br..

AngieB666

Mmm, that's kinda catch 22!

If the loan is taken from us, it puts the house in equity. Therefore the OR will want it sold. (we are both thinking of going BR)

(may be being daft here....but) The loan was taken out against the house, if we don't pay the loan - they take the house. If the loan was taken into consideration in court for BR - and consequently written off - they will enforce the sale of the house.

So will this be the case? Or, do they only write off un-secured debt?

I'm confused now