Default Notice from M+S Bank after bankruptcy

Mahugsy

Hi,
Just had a scary letter from M+S Bank telling me I have a ‘default notice’. Says it includes a demand for repayment by 5 October. They obviously know I have gone bankrupt so I thought creditors weren’t supposed to contact me demanding payment now. Do I need to take action or is this letter a formality? It never ends, more to worry about !

sourcrates

It`s absolutely nothing to worry about.

Yet I`m kind of concerned that you should re-act in this way to a statutory default notice.

You're a bankrupt, you must understand the reasons why you went bankrupt, and that bankruptcy releases you from all your debts, so why would you take any action with this? yes, it is a mere formality, as you must surely know.

The debt this default notice pertains to will be included, as will all of your debts, so the creditor has no remedy against you, that is the bottom line really.

It`s just a bog-standard default notice anyway, there are certain letters a creditor must send under the terms of the consumer credit act, in the case of bankruptcy/insolvency, some do, others don`t bother, I would regard it as for information purposes only, and move on, when does your bankruptcy end by the way, what is your dis-charge date?

Mahugsy

I only filed three weeks ago so it’s all a bit overwhelming- sorry, I am a worrier! 

Thanks again for your reassurance and wisdom 

sourcrates

Mahugsy said:

I only filed three weeks ago so it’s all a bit overwhelming- sorry, I am a worrier! 

Thanks again for your reassurance and wisdom 

Ah, OK, don`t worry about it, you can expect more of them to drop on your doormat.

Just keep at the forefront of your mind, the fact that whatever demand/letter may come in the post, your bankruptcy usurps everything.

Good luck.

TripleH

It's the problem with 'one size fits all' computer generated letters. They can be quite blunt. I suspect it's a bog standard rather than customised letter using a mail merge type process

HMRC letters use quite an aggressive template.