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Julie.19
Starting Member
1 Posts |
 Posted - 26 May 2011 : 20:19:00
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| Hi, i hope you can help, both me and my husband are going bankrupt at the end off July, i have a company called Clark Richards helping me, i am paying for their services, my question is that, on the 22 july i am being made redundant, but still employed till 31 aug, but work in a school so it is shut, we are going br end of july and i have asked clark Richards about the money that i am getting, £2200.00 and have been told that i can keep it, but will it be differnt once we go br, also i have asked this co about opening a new bank account and been told not to do it until after, sorry this is so long just worried. |
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loobylou
Starting Member
United Kingdom
13 Posts |
Posted - 26 May 2011 : 20:39:23
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Hi Julie,
I'm sorry, i don't know anything about using a company, but me and my hubby went br in Aug last year and did all the paperwork etc our selves with the help of this fab forum. It wasn't easy and took plenty of time but we got there.
We opened a new no frills bank a/c a good few weeks before the court date and xferred all direct debits and salary etc into it. The OR case worker asked about this account but it was never frozen or anything like that, we just explained that it was a new basic account, they expect you to do this i think.
Hope this helps, its a really horrible time eh?
Looby-lou |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 May 2011 : 20:42:36
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Hi and welcome to the forum.
As regards your bank account, open an account with the Co-op as soon as possible. If this is the account your normal wages get paid into then the OR will not be bothered about it.
How much is this company charging you to go BR? You can do it yourself for no charge at all.
If you want help then the experts on here would be much better to approach.
The world is broken, halos fail to glisten
We try to make a difference but no one wants to listen
Hail the preachers, fake and proud
Their doctrines will be cloud
Then they'll dissipate like snowflakes in an ocean
Jan
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debtinfo
forum expert
2826 Posts |
Posted - 26 May 2011 : 20:58:23
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| It is unlikely that you would be allowed to keep any redundancy compensation |
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glafy
forum expert
436 Posts |
Posted - 27 May 2011 : 08:20:34
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Hi Julie.19
Welcome to the forum.
So sorry to hear of your situation, this is such a stressful time for you.
There are plenty of people on here who can help you with your BR so do keep posting.
Do get your bank new account opened asap and sort out any DD's SO's and wage payments before BR. The co op cashminder account is BR friendly, there are some others too, and the OR's know of these accounts and don't freeze them. It will be a great help to have these things organised before the dreaded day!! 
A question for the experts on here.....Could Julie & her Husband use the redundancy payment to pay for their BR/court fees? Just a thought!!!
Good Luck Julie.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 28 May 2011 : 12:30:32
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Hi,
I would definitely say ignore advice given by the company that is helping you in relation to the bank account, open an account with the Co-op(cashminder) ASAP, so that it's up and running with direct debits etc by the time you're bankrupt, if you leave it until after it will cause you no end of problems financially.
As for the redundancy payments, I would definitely use it to pay the bankruptcy fees, especially as a proportion of it goes to the OR anyway!
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 May 2011 : 15:47:51
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Having looked at the website for this company I'm not overly impressed with them at all.
How much are they charging you Julie?
You do need to open an account as soon as possible.
The world is broken, halos fail to glisten
We try to make a difference but no one wants to listen
Hail the preachers, fake and proud
Their doctrines will be cloud
Then they'll dissipate like snowflakes in an ocean
Jan
xxx |
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Hi, i hope you can help
