The Bankruptcy Club & Supporters Club

sandralovescats

L3ighton wrote:

what do i say about the payment? should i answer phone or not as i get worried everytime my phone rings and they ring me at work too, should i pay or should i just leave it?

Whether you tell them or not will not make one jot of difference! They will continue to phone, they will continue to write. This will go on until the OR writes to them after your bankruptcy.
You can tell them and tell them but they will think you are trying to fob them off!

L3ighton

sandralovescats wrote:

Whether you tell them or not will not make one jot of difference! They will continue to phone, they will continue to write. This will go on until the OR writes to them after your bankruptcy.
You can tell them and tell them but they will think you are trying to fob them off!

i have £150 per month left after my outgoins, i could split that between my 4 credit cards, but wht about my loan? thats £238 per month

sandralovescats

L3ighton wrote:

i have £150 per month left after my outgoins, i could split that between my 4 credit cards, but wht about my loan? thats £238 per month

If you are going bankrupt you must stop paying your creditors - keep the money for the bankruptcy fee. It is a waste of money paying any of your creditors at this stage.

L3ighton

ok thanks for the help

tight_jock

L3ighton wrote:

what do i say about the payment? should i answer phone or not as i get worried everytime my phone rings and they ring me at work too, should i pay or should i just leave it?

If you have DEFINITELY made the decision to go BR then you must stop paying loan and credit card companies as you will need the money to pay for your hearing.
These companies will ring you and write whatever you do but be aware and take advice if you feel they are harassing you. I was told to quote the office of fair trading guidelines and the banking code of practice regarding debt management and collection to them. ! Also note the time and get somones name every time they call and ask if the call is being recorded.
If they would not listen I used to just hang up after telling them I was going to end the call as they were not listening and I believed they were harassing me

Happy new year to everyone. Just think - those of us who have taken the BR route in 2006 will all be discharged and free this time next year!!! Only six years to rebuild our credit rating :eek: Who needs credit any way?

sarah_skint

worth noting if you are considering BR on your own and have accounts etc with a partner/wife/husband/mistress then it may be worth getting hold of a copy of your credit files from the 3 agencies to seperate yourselves/ break the financial associations then the BR will not affect your OH.

I went BR end of nov and when i checked my files my OH was mentioned on a loan that I had applied for but didn't get - as he is over 18 and lives at the same address so the bank linked him to my file.

Sandra posted a link(s) with all the address on a while back.

Hope that helps

Quick question, my children have accounts with the abbey, I had an account with abbey that was included in my bankruptcy - I have recieved a letter from them listing my childrens accounts as frozen because I am the trustee for the accounts - does anyone know where I stand on this? one has 217 pounds the other 57.

tight_jock

Our boys accounts were untouched and we were allowed to keep paying into them but they were not with the same bank as our account. I think it is the bank and not the OR who freeze accounts so you will have to take it up with the branch. Even if you are the trustee, this is not your money it is theirs and they are not the bankrupts.

Brokeandbothered

Hi all, hope you had a good new year xxx
I have a question - I am going bankrupt this month -
My catalogue (even though I've not paid them properly) put up my limit by another £2,000 just before xmas. Stupid them, or stupid me? I bought some xmas pressies for some family and now I'm panicking. Of course, I know, I know I shouldn't have, but I did - what will happen when the OR sees it? Will the stuff have to goback? How will I tell people I need their pressies back? I know it was stupid, but it was xmas and it's done now. What will happen :-(

Richard_S

Brokeandbothered wrote:

Hi all, hope you had a good new year xxx
I have a question - I am going bankrupt this month -
My catalogue (even though I've not paid them properly) put up my limit by another £2,000 just before xmas. Stupid them, or stupid me? I bought some xmas pressies for some family and now I'm panicking. Of course, I know, I know I shouldn't have, but I did - what will happen when the OR sees it? Will the stuff have to goback? How will I tell people I need their pressies back? I know it was stupid, but it was xmas and it's done now. What will happen :-(

Hi Brokeandbothered,

I think the letter of the law says that when you realise that you are unlikely to be able to repay your existing debt you should not incur further debt.

If you made the court appointment before Christmas knowing that you were insolvent then it might prompt a few difficult questions, but I don't think there's any chance that gifts would have to be returned.

If you didn't make the decision until after Christmas then you've absolutely nothing to worry about.

The commercial and emotional pressures of Christmas are enough to make a lot of people temporarily lose their ability to think rationally. I would imagine that the number of people who realised that they were likely to declare bankruptcy or make arrangements with creditors post Christmas took the opportunity to "max out" whatever credit they had available.

There's a couple of people on here that work for the Insolvency Service so you're bound to get a definitive response at some point.

All the best for the next few months and hope everything works out ok,

Regards

Richard

Mike_St_Helens

sarah_skint wrote:

Quick question, my children have accounts with the abbey, I had an account with abbey that was included in my bankruptcy - I have recieved a letter from them listing my childrens accounts as frozen because I am the trustee for the accounts - does anyone know where I stand on this? one has 217 pounds the other 57.

I had an abbey acc, never really used and not a creditor. I went into branch and they allowed us to keep the account, with the electron card, even though I told them about the B... Last week I applied for an online saver account with cash card also with them and they gave me the account, I know my B is also on my credit file.

Have you spoken with them to appeal maybe ?