OR interaction help please.

northwestv

mwarby wrote: »

Looks like there is scope to economise on the tv/telecoms bills, although of course if your in contract thats not so easy

£99 is for landline, broadband and television. Contract signed in August unfortunately. Ironically it’s cheaper than I was paying before but not essential and now in an 18 month contract.

terrence45

northwestv wrote: »

£99 is for landline, broadband and television. Contract signed in August unfortunately. Ironically it’s cheaper than I was paying before but not essential and now in an 18 month contract.

May be a case of contacting the company, explaining you're bankrupt so they cancel the contract (and can't claw anything back as it was signed prior to bankruptcy). You may be breaking the T&Cs anyway by being bankrupt (not that most companies care if you continue to pay).

pcoventry

Hi northwestv

I am currently 8 months into my BR and I also had the same thing with my car - The OR told me that basically it means they have no interest in it but the agreement must not continue in it's current form - so my PCP finance company just gave the agreement a new number and a family member took over the payments - all was good after that.

pcoventry

northwestv wrote: »

£99 is for landline, broadband and television. Contract signed in August unfortunately. Ironically it’s cheaper than I was paying before but not essential and now in an 18 month contract.

I assume this is a Virgin deal? Like the OOmph bundle? Sounds like it and I have the same! - The problem is that if you signed this agreement after BR then you are liable for any ETF's they want to put on - you can't just write it off due to being BR

The ruling is simple - anything before BR is written off (and you can dump any and all agreements you wish) But anything you sign after BR is liable - I am not 100% sure if this is after discharge or during BR, Not sure if you could cancel something you signed after BR but get rid of before discharge, but I don't think it works that way.

56kicks

I got told I could keep the bike I had on finance (only £69 a month payments) as my commuting vehicle, but after the bankruptcy was notified, the finance company still took it back, so I was left with no vehicle, and bought a car for £500 to commute.

The my tax code was applied and the £165 tax I normally would have paid made my ipa payments from £260 to £425 until the new tax year (April 2019 - I declared BR October 2018)
Then paying £260 from then on.

The expenses budget set by the OR was very reasonable, considering I’ve been living on nothing for the past couple of years trying to pay off old debts, so now living comfortably.

Hope this helps.

northwestv

Thank you all for your replies and help.

Update is that I have been able to keep the car, which whilst expensive is the perfect solution immediately as I have no savings to buy a new one.

The OR has told me that an IPA isn’t suitable at the moment but maybe in a few months time. I’m assuming by that they plan on checking my statements etc in a couple of months to see if it matches my SoA? This seems strange to me as things are unlikely to change given the contracts I’m in (rent etc). Is this normal?

Are there guidelines on how the monies for daily living (food shopping/ prescriptions etc) should be spent? Should it all be on card or is drawing cash out ok?

mwarby

Well as far as I know the OR can't compel you to spend in cash or on card, so its up to you. If the OR is suspect as to the amounts your spending on say medical, and the figure is genuine, it makes it much easier for OR to validate this.

If you havent until now been spending with cash and you now switch to moving most of spending to cash this might make the OR suspect you are hiding something

TheGardener

mwarby wrote: »

...
If you havent until now been spending with cash and you now switch to moving most of spending to cash this might make the OR suspect you are hiding something

Although I see your point - I found that post BR it was easier to learn to stick to my new budgets by doing so in cash. I withdrew similar amounts each week and budgeted the 'old fashioned' way with real money. I doubt the OR would have a major issue with that.

northwestv

Hi All,
Is it normally the case with Barclays that if you’ve gone BR with a Barclays product (Barclaycard) that they don’t allow you to have internet banking or Pingit with the basic account?

Alongside Barclays which other banks allows BR individuals and do you know if they allow internet banking ?

RattyIrk

I got an account with Santander which has online banking. You have a separate top up debit card account, works like pay as you go. Few things it can't do like pay at pump and contactless but has worked fine overall. No overdraft facility obviously.