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 bankruptcy postbag for april
 Does Bankruptcy affect other household members
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amanda
Junior Member

176 Posts

Posted - 13 April 2008 :  13:35:40  Show Profile  Reply with Quote
I am about to go bankrupt and I have just remembered that I read somewhere that if a person goes bankrupt - everyone at the same address could be affected.

My son is at university and my concern is that his credit rating will be affected and that he won't be able to get his student loans.


melanie_giles
Senior Member



1191 Posts

Posted - 13 April 2008 :  13:58:56  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
Your son will be able to file a "Notice of Disassociation" from you at the credit scoring agencies which will disconnect his from your credit rating if he runs into difficulties in the future.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
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amanda
Junior Member

176 Posts

Posted - 18 April 2008 :  16:05:41  Show Profile  Reply with Quote
Hi Melanie

Thanks so much for your reply.

Would my son be able to file the notice now or does he have to wait until or if he has difficulty?



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Helpful Advice
Average Member



United Kingdom
646 Posts

Posted - 18 April 2008 :  22:13:22  Show Profile  Visit Helpful Advice's Homepage  Reply with Quote
Hi Amanda,

He will be able to file it now, as soon as he disassociates himself from you financially this will be ongoing.


Kind Regards,

Brett England


Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk


View my personal story & blogs at:

http://brettengland.blogs.bankruptcyhelp.org.uk/
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amanda
Junior Member

176 Posts

Posted - 21 April 2008 :  16:12:37  Show Profile  Reply with Quote
Thanks very much Brett. You are all very helpful on this website.

One more question - should he file a separate application with each credit company or does the information get passed on?
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Helpful Advice
Average Member



United Kingdom
646 Posts

Posted - 21 April 2008 :  16:30:41  Show Profile  Visit Helpful Advice's Homepage  Reply with Quote
Hi Amanda,

Each of the reference agencies have different procedures and their own forms so to be on the safe side do them all.

Hope this helps


Kind Regards,

Brett England


Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk


View my personal story & blogs at:

http://brettengland.blogs.bankruptcyhelp.org.uk/
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amanda
Junior Member

176 Posts

Posted - 22 April 2008 :  13:27:57  Show Profile  Reply with Quote
thsnks again Brett
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