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T O P I C R E V I E W
lauraj
Posted - 01 February 2009 : 13:22:43 Hi I am in the process of putting everything together to go bankrupt. I have been in an IVA for just over a year and i have decided its not for me. I wanted to know if going bankrupt would effect me going to live abroad and for how long will it effect me getting a good mortgage rate and habing a better bank account? When the bankruptcy is put in the local paper will it state my full name, occupation and address?
3 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 01 February 2009 : 15:44:34 The advert inserted in the London Gazette and your local paper usually states your description as per your BO - name address and occupation.
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service Insolvency Manager Jones Giles 01446 711780
Skippy
Posted - 01 February 2009 : 14:41:21 You may struggle to get a mortgage for a few years after you are discharged, especially in the current climate.
Regarding upgrading your bank account, you may find you have to wait until the BR has dropped off your credit file after 6 years.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
20 IPA payments made, 16 to go - on the home straight!
chester2005
Posted - 01 February 2009 : 14:21:13 Hi Lauraj welcome to the forum As far as i know living abroead will not be a problem for you as far a mortgage goes , as soon as you are discharged you will in theory be able to get one but the rate will be higher than normal and you'll need a decent size deposit eg.30%. As far as banks go they are all different and yes the OR will put in the paper your name address not sure about your occupation.
If i;m wrong about anything ive said i'm sure someone will point you in the right direction
