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| T O P I C R E V I E W |
| jayne1970 |
Posted - 02 March 2009 : 18:32:35
Started to complete the forms on line, and could do with a little help with the following.
step 3. We had an endowment that we cashed in about 10 years ago, when we switched mortgage to repayment, do we need to include details?
step 4.Where it asks for date incurred, in relation to credit card debt that has accrued over last say 5 years, what date do I put? If it's the date I obtained the card, how do I find that out? (please don't tell me I have to ring them)
step 5. Do we include details of credit/bank cards that are now destroyed? also, I've seen it advised before on forum that you do not need to list a basic bank account with no overdraft, and not linked to any debt, but this isn't what it says on form, so not sure what to do.
Many Thanks
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| 5 L A T E S T R E P L I E S (Newest First) |
| jayne1970 |
Posted - 04 March 2009 : 14:52:28
It seems our account at Barclays is not basic enough, but the very helpful lady we spoke to in branch advised if we contact her as soon as BR, she will open new account, and transfer all DDs.
She didn't seem to think there would be any delays, but to advise OR on the day.
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| jayne1970 |
Posted - 03 March 2009 : 13:34:00
Once again, thanks for your advise. The account was opened for those purposes, when we applied for IVA, December time. We asked for basic Barclays account, but did not explain purpose. It is not linked to any debt.
My husband has just gone to branch to ask them, so will see what they say.
If they are ok with us keeping account would this be ok to not enter on froms?
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| Melanie.n |
Posted - 03 March 2009 : 12:28:02
The advice is given with regard to not including a bank account on the SA when it is a new basic account openend for the purpose of salary etc prior to filing for bankrupty, not a long term existing account, not an account which is linked to any other creditor. If you open a new basic account such as the Co-op cash generator account prior to filing for bankruptcy transfer salary etc into this account it does not need to go onto the forms, that way there is no risk or delay in the access to funds as the account will have been frozen.
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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| jayne1970 |
Posted - 03 March 2009 : 11:49:12
Thanks for your help.
All our cards linked to any debt are now destroyed, but I will still list them.
Can you comment on the posts that advise you do not need to list an bank account with no overdraft, and no debt, but just advise the OR of the account at meeting? Is this advise deffinately incorrect?
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| John |
Posted - 02 March 2009 : 21:10:38
Hi
re step 3 - no this happened too long ago to be relevent.
re step 4 - yes it is the date you acquired the card but just the year and "approx" in the box will do.
re step 5 - if you have any card it should be listed in the appropriate part of section 5. Likewise all bank accounts, sole and joint, should be listed in that part.
If there is an outstanding balance on any of the cards, or there is a minus balance on any of the accounts, then these should also be listed as creditors in section 4.
John White
England Jackman & Spacey |
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