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    • hoops1200
    • By hoops1200 12th Jan 19, 6:12 PM
    • 1Posts
    • 0Thanks
    hoops1200
    Going Bankrupt a second time
    • #1
    • 12th Jan 19, 6:12 PM
    Going Bankrupt a second time 12th Jan 19 at 6:12 PM
    I am considering the possibility of going bankrupt a second time. I owe around 4K on credit cards (with interest included) I am trying to see if I can get a family member to bail me out but I dont think that is going to work.


    I have an account with Barclays Bank (Basic) I have a question if I go bankrupt I wont have an account to use which will cause tremendous problems. I wont be able to take another account at Barclays again (or can I?) and I dont think any other banking providers accept bankrupts.


    I currently I am in mental hospital and have no form of income.


    Any help appreciated.
Page 1
    • Annie35
    • By Annie35 12th Jan 19, 6:59 PM
    • 245 Posts
    • 203 Thanks
    Annie35
    • #2
    • 12th Jan 19, 6:59 PM
    • #2
    • 12th Jan 19, 6:59 PM
    Hello Hoops, I spoke with the official receiver this week for my own application & basically he told me they have no interest in me as I have no income either.

    They won't close my account & are sending me a letter to show Barclays on the off chance Barclays put it on a temporary hold. This matches other people's experiences I've read & hopefully puts your mind at rest for this aspect.

    Have you spoken to any advisors (stepchange/citizens advice) to see if you have any options available?
    • silvercar
    • By silvercar 13th Jan 19, 10:18 AM
    • 38,466 Posts
    • 161,292 Thanks
    silvercar
    • #3
    • 13th Jan 19, 10:18 AM
    • #3
    • 13th Jan 19, 10:18 AM
    A 4k debt is a very small amount in the scheme of things to make bankruptcy an option. can you make tiny payments eg 1 a month?

    I hope your stay in hospital in beneficial and your mental health improves.
    • elsien
    • By elsien 13th Jan 19, 10:23 AM
    • 18,088 Posts
    • 46,126 Thanks
    elsien
    • #4
    • 13th Jan 19, 10:23 AM
    • #4
    • 13th Jan 19, 10:23 AM
    I am considering the possibility of going bankrupt a second time. I owe around 4K on credit cards (with interest included) I am trying to see if I can get a family member to bail me out but I dont think that is going to work.


    I have an account with Barclays Bank (Basic) I have a question if I go bankrupt I wont have an account to use which will cause tremendous problems. I wont be able to take another account at Barclays again (or can I?) and I dont think any other banking providers accept bankrupts.


    I currently I am in mental hospital and have no form of income.


    Any help appreciated.
    Originally posted by hoops1200
    If you're in hospital you can apply for benefits. Your consultant/Ward can provide evidence and sicknotes.
    ESA continues to be paid while in hospital and HB can be paid for 12 months.
    If you're in a universal credit area that can be claimed by phone as well as online but you need to tell them if you will have difficulty with the online account.
    You can also have benefits paid into the hospital client account for now if you need to.
    If you phone stepchange and explain your situation they have a dedicated line for people with mental health issues.
    Last edited by elsien; 13-01-2019 at 10:27 AM.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
    • debt doctor
    • By debt doctor 13th Jan 19, 3:23 PM
    • 4,385 Posts
    • 6,061 Thanks
    debt doctor
    • #5
    • 13th Jan 19, 3:23 PM
    • #5
    • 13th Jan 19, 3:23 PM
    Hi,

    Assuming that you have no assets, I would think a Debt Relief Order would be a more appropriate and far cheaper option for you.

    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
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