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bankruptcy87
Starting Member
2 Posts |
 Posted - 23 April 2010 : 23:43:25
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| I've just had an IVA rejected (thank you Northern Rock) and am now looking at bankruptcy as the only viable option. I'm not at all worried about it, just concerned with a few logistical details. The main one is my bank account. As part of setting up the IVA I've already opened a Co-op Cashminder account which is now fully functioning with wages going in and all my bills coming out via direct debit. Am I now going to lose this account when I apply for bankruptcy? If so, what should I do to cover my bills when this happens and where do I go next for a bank account? My creditors are Northern Rock, Barclays, RBS and HBOS. |
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debtinfo
forum expert
2826 Posts |
Posted - 24 April 2010 : 08:13:35
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| Normally you will be allowed to keep the co-op cashminder account during bankruptcy, the OR will ask you soon after the bankruptcy order if there is an account you need left open |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 26 April 2010 : 10:01:32
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Don't panic! have you explored the IVA option with another company? I personally have no difficulty in getting Northern Rock IVA's accepted via the company i work for (we are rare!) If you would like me to have a look for you, i could let you know pretty quickly (during the telephone call) whether or not an IVA would be possible. Please feel free to contact me for a completely non-committal chat you will find my details on the 'experts' button on the left hand side of this screen
Melanie Nicholas
29 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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mackyjessa
Starting Member
United Kingdom
3 Posts |
Posted - 08 June 2010 : 17:12:34
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quote:
Originally posted by Melanie.n
Don't panic! have you explored the IVA option with another company? I personally have no difficulty in getting Northern Rock IVA's accepted via the company i work for (we are rare!) If you would like me to have a look for you, i could let you know pretty quickly (during the telephone call) whether or not an IVA would be possible. Please feel free to contact me for a completely non-committal chat you will find my details on the 'experts' button on the left hand side of this screen
Melanie Nicholas
29 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
yes i think this is the perfect answer and suggestion , i really like the contribution
thanks
http://www.iva.net - the site that really helped me !! |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 08 June 2010 : 20:24:54
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yes Melanie is one of the site authorised experts and very respected in the industry.
who i would suggest individuals that need IVA advice should contact or this forums sister web site http://www.iva.co.uk/forum,
not a company posting fliers with no track record
regards Richard |
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bankruptcy87
Starting Member
2 Posts |
Posted - 08 June 2010 : 20:40:01
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| Not the perfect answer at all. Melanie completely ignores my question and just posts an ad for her business. Useless! |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 08 June 2010 : 20:58:41
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Hi Bankruptcy
as long as your debts are not with the co-op and you have informed them that you are going BR (they may put you onto a cash minder account)the account should be safe
regards Richard |
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 08 June 2010 : 21:09:53
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Hi Bankruptcy
You have tried to pay something back to creditors but one creditor prefers not to accept, so bankruptcy it is, ensure you tell the OR of this in the interview,the CO-op account is good you can use the IVA docs to do your statement of affairs, Good Luck |
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just had IVA rejected (thank you Northern Rock)
