| T O P I C R E V I E W |
| captaincash |
Posted - 02 March 2011 : 21:08:28
I was forcibly made bankrupt just yesterday and really know little about; eg can I still hold a bank account with a debit card as most purchases and bills etc are on-line?will bailiffs enter my rented accommodation and seize goods etc? |
| 15 L A T E S T R E P L I E S (Newest First) |
| captaincash |
Posted - 04 March 2011 : 14:14:40
I am very a positve person and will try and use this experience to its best advantage
what criteria are there for early discharge also can I register for zero tax for the remaining period of tax year
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| Housing |
Posted - 04 March 2011 : 11:59:28
Hi
Sorry to hear your plight - be positive and things will get better.
The normal period for discharge is 12 months. I should work on that basis and in the event of an early discharge, that will be a bonus.
An early discharge could happen and generally would not be before 6 months
Good luck, Housing
"There are no problems - only solutions" |
| captaincash |
Posted - 04 March 2011 : 11:04:37
can you tell me how long it could be before discharge |
| captaincash |
Posted - 04 March 2011 : 11:02:15
Hi Richard
to be quite honest te ammount is so small I wouldn@t relly care cos I was going to pay it this week anyway. The fact that I could carry on as before keeps life feeling quite normal. And hey, just opened a letter from HMRC demanding a paye payment from 3 years ago! demanding just over 2K. didn't know about or expect that, so who's the real winner during bankruptcy? |
| Richard P |
Posted - 04 March 2011 : 10:38:15
Hi Captaincash
have you had it confirmed that you were made bankrupt, are you on insolvency register ?
The last high court creditor BR i helped the details were posted on insolvency register night of the court.
That is a notable change in attitude from lloyds, they have been notorious anti BR.
I would however encourage you and other posters to open a bank account away from any of your debts. (or debts related to sister companies)
Banks have this uncanny knack of finding small print that will enable them to transfer funds from one account to another account. better safe than sorry as once they have the money its gone.
Richard |
| captaincash |
Posted - 04 March 2011 : 08:26:49
Hi Richard
Judgement made on tuesday (3 days ago)as yet have received nothing from OR. Am expecting anytime now.
Out of interest for anyone reading this,I approached Lloyds TSB and spoke to a senior manager at my local branch who in turn spoke to their bankruptcy dept. It transpires that I should be able to keep my accounts as they are, albeit with a debit card that does not allow one to go overdrawn, no overdraft facililty and no loans. stangely enough that is exactly what I already have with the exception of one more payment to make on an old loan which they say they will write off. so maybe not all bad. |
| Richard P |
Posted - 03 March 2011 : 15:59:29
Hi Dave
can i confirm that you have received a creditor petition from the High Court ?
if so the OR will or already has sent you a lengthy questionaire. This lengthy questionaire will give you the chance to list of all of your creditors
or have they sent you a notification that they intend to make you bankrupt on a date in future ?
if it is the later you need to speak to one of the experts soonest.
Richard |
| glafy |
Posted - 03 March 2011 : 07:07:26
Welcome to the Forum Dave.
I hope you will be able to use the great advice & support that is offered on here.
I can reccomend the co-op cashminder account for use during your BR.
They are BR friendly & the OR's are "usually" aware of these accounts and will leave them unfrozen during your BR.
Good Luck on your journey
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
| Niobe |
Posted - 03 March 2011 : 06:40:49
Anybody looking in can see all of the posts made on the forum.
Consider doing a blog - it lasts a lot longer than a post and people love reading them.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
| captaincash |
Posted - 02 March 2011 : 22:44:31
Ok
out of interest (cos I haven't got my head round round this website yet), can people see this chat?
If they can I will post a more a detailed transcript of my circumstances hopefully in time to come that people aren't so scared of "the system" and will let know how I progress over time. Good or bad.
Thanks so much
in the meantime I will sleep peacefully
lots of burden just washed away in the cauldron!
keeping the hounds from the door
Dave
xx |
| Niobe |
Posted - 02 March 2011 : 22:22:12
Most of those debts should be included in the BR, however CSA debts won't be. You won't be able to adjust your tax code at all. As it is so close to the end of the tax year you probably won't end up with a nil tax code but that will be up to the OR.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
| captaincash |
Posted - 02 March 2011 : 22:09:01
PS.
xx you too
also I have small tax liabilities from paye and NI from 5 years ago when self employed, Can I politely tell them to XXXX off? and possibly have old gas bill. CSA payments arrears? and up to date PAYE tax, can I adjust my tax code in any way? |
| Niobe |
Posted - 02 March 2011 : 22:07:35
It's up to you, but if they are a creditor I would think about possibly changing.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
| captaincash |
Posted - 02 March 2011 : 22:02:30
quote:
Originally posted by captaincash
Thanks Jan
Toil bubble & squeak etc fills me with confidence..
should I alter my monthly salary to cash till I've sorted bank account, and in your opinion is it even worth speahing to Lloyds TSB aboutb staying with them. Bin there for years through the ups and downs.
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| captaincash |
Posted - 02 March 2011 : 22:00:25
Thanks Jan
Toil bubble & squeak etc fills me with confidence..
should I alter my monthly salary to cash till I've sorted bank account, and in your opinion is it even worth speahing to Lloyds TSB aboutb staying with them. Bin there for years through the ups and downs.
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