statements

chrisindebt

hi guys ,we have filled in all the br forms and are good to go! can you please tell me what i need to take to the court to petition, ie do i take bank statement cc statements life policy etc or do i do that later? thanks, chris. sorry another thing, you all advise clearing out the bank acc before petition, wont the or ask why and were the money is??

fermi

At most courts you won't need bank statements etc as you don't see the OR that day, but are asked to provide them later.

However, there are the odd few places where you will see the OR that day (Liverpool and the High Court for example). Even then I don't think you need all the paperwork like statements etc on the day, but surest way is to check with your court.

Unless it involves withdrawing enormous amounts, then yes, clear your accounts out before BR as long you are not depending upon continued payments being made from an account you want to be allowed to keep (DD's etc).
If challenged by the OR, you are simply withdrawing your living expenses from the accounts so that you can continue to meet your needs in case your accounts are frozen. That's perfectly reasonable as you need to be able to live.;)

chrisindebt

thanks fermi ,should i leave some money in the account to cover dd's then? its just on my soa i have put there are no funds in the account? will that not contradict what i have told them? the only big dd is my mortgage which will come out 1st oct and i am hoping to go to court this tues so do you think that the account will be unfrozen by then ,the nationwide said they would not freeze it, so only if the or does.sorry for all these queries i just want to do the right thing.

fermi

You need to be truthful about the status of your accounts on the days you go BR however you play it.

It's really up to you whether you feel that the risk of the account being temporarily frozen for a few days might jeopardize your mortgage payment (assuming you want to continue payments). There are two many ifs/buts to say exactly what will happen. There is always a risk in trying to take an existing account through BR.

To a certain extent it is going to 'flying by the seat of your pants' time.

I timed all mine so that I could open a brand new account the day after BR and avoid all that hassle.

betterlatethannever

As Fermi rightly says, be honest. I had over £600 in my account at time of Br, but had put on my SOA that i had zero int he account. The OR questioned it when i spoke to them by phone after the court bit, but when i explained that DDs and SOs were due out in the next day or two and that they were for rent and council tax etc, the OR was fine.

chrisindebt

thanks again guys, the reason i opened the nationwide acc was that we owe money to barclays and coop banks and as nationwide dont allow you to open acc after br i had no other option, i will leave a hundred in to cover all the little dd's and like you say tell the or that the money was already spoken for.thanks again !!;)