Preparing for bankruptcy

terrence45

pcoventry wrote: »

I had a Starling account - I had a £500 OD and they were not even included in the BR as I was at £0 - the amount of OD means I didn't have to tell them but I did - and they closed it anyway

The OR did ask me to break down to the best of my knowledge how I spent a 25K loan I got 6 months before I had to go BR - but nothing after that. I had to go BR as I lost my job due to being on long term sick, which in turn has degenerated my health and I am now disabled.

4 months to go before I can even start to look at sorting my life out again

Chin up, unless sorting your life out means taking out lots of credit or starting a limited company, you can do it NOW! :beer:

[Deleted User]

I was never asked to provide the OR with any bank statements etc.

I did SAR the IS a few years later, and I see they obtained lots of statements for Natwest (who I owed quite a bit too) and a few credit cards. From the data sent back, they don't appear to have done much else with the other banks, even though money was owed.

Interestingly, they also do searches on you with Experian. The Experian search they ran on me revealed my housemates and about 5 pages worth of previous tenants! I guess they then use that as the basis for how to proceed (Along with your SOA etc.) and what they do/don't need to request/query

Tillyjack3

If you don’t mind I’m in a similar situation did you get any sort of help. How much did it cost? My only option at the min is IVA which could just have me in the same hole further down the line.

mwarby

Tillyjack3 wrote: »

If you don’t mind I’m in a similar situation did you get any sort of help. How much did it cost? My only option at the min is IVA which could just have me in the same hole further down the line.

I would start your own thread, explaining your own situation and if possible your incomings and outgoings. The fees for bankruptcy are £680, but it might be that a DRO, or DMP would be better options (or indeed an IVA)