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Debtandworry
Starting Member
United Kingdom
8 Posts |
 Posted - 04 July 2009 : 16:12:36
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| I am very worried about what is going to happen to me after discharge, i thought of cleaning up the files, then after 6 years they would be clear, but i don't want to get into the same mess, so am tempted not to do the clean up, but that would leave open the chance of the debt being sold onwhat does everyone else think ? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 July 2009 : 17:31:57
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Once you are bankrupt, then your debt is cleared. It cannot be sold on.
Your bankruptcy will fall off your credit record after 6 years, but you may find you still have default records after the date of your BR. You will need to write to the creditors involved and tell them to remove the defaults as they cannot do this.
Get a copy of your record from the three credit reference agencies -Call Credit, Equifax and Experian.
You will be able to start doing a clean up then, but you can take your time as your six years isn't up yet.
The glimmer gets brighter all the time
Jan
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Jane.l
Average Member
511 Posts |
Posted - 05 July 2009 : 09:47:28
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I have not cleaned mine up, I really cannot face it and I have no account numbers or anything so would not know where to start. I have no intention of applying for credit again so it does not matter, even if some debt collecting company bought the debt and contacted me, it does not matter, just tell 'em where to go, I do not owe any money anymore  |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 05 July 2009 : 09:57:31
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Whilst I never want another credit card or loan again, I shall clean my credit file as I will want a new mobile and may wish to change networks, and may even do a 'buy now pay later' on something (paying it off at the end of the interest free period).
I'd like to think that if I needed something, then I would be able to get it.
The glimmer gets brighter all the time
Jan
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Debtandworry
Starting Member
United Kingdom
8 Posts |
Posted - 05 July 2009 : 17:35:24
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quote:
Originally posted by Jane.l
I have not cleaned mine up, I really cannot face it and I have no account numbers or anything so would not know where to start. I have no intention of applying for credit again so it does not matter, even if some debt collecting company bought the debt and contacted me, it does not matter, just tell 'em where to go, I do not owe any money anymore
I feel exactly the same way, i have all the numbers and everything from my copy of the BR from court.
To be honest i have seen detailed accounts of do this and then do that and i just feel sick thinking about it, it does not matter to me either, the only thing i have seen to get me thinking is the debt may be sold to an agency 5 or 6 years down the line, but i have the BR copy and the debt would be included in that, it is supposed to drop off the file after 6 years itself anyway from the date of BR but i was just a little worried about it getting sold on. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 05 July 2009 : 17:41:16
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The debt cannot be sold to anyone as it is written off as soon as you are made bankrupt. No one can chase you for the debts.
Rest assured that it won't be sold on.
Your bankruptcy will drop off after 6 years, but if any of your creditors have defaulted you after the date of the BR, then this will still be showing.
You can write to your creditors telling them to remove the defaults as they should not be on your report after your BR.
The glimmer gets brighter all the time
Jan
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Jane.l
Average Member
511 Posts |
Posted - 06 July 2009 : 09:16:10
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A debt can be sold on, it happened to my hubby, 4 months after he was declared bankrupt, he received some court papers for a credit card debt that was included in the bankruptcy. The agency who bought that debt did not bother to check first if he was bankrupt  He sent the court and the creditor a copy of his bankruptcy order and the matter was dropped although the debt agency had to pay the £400 court costs, ah, sweet revenge |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 06 July 2009 : 10:53:06
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That would probably be a case of right hand and left hand. It shouldn't have happened, as you proved and the people who bought it couldn't do anything anyway.
It certainly will not happen 5 - 6 years down the line.
The glimmer gets brighter all the time
Jan
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Jane.l
Average Member
511 Posts |
Posted - 06 July 2009 : 11:24:45
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I agree, this should not happen but it does. We were lucky in a way as we still had the keys to our old house and went to get the post, otherwise we would not have known and could have been awarded a CCJ that we did not know about, in fact, this could have happened since as we have no access to the old house now.
Legally, a judge should not award CCJs or charging orders on someone who is bankrupt, but they do not check. We also got a charging order on the house after the bankruptcy date, as the judge did not know we were bankrupt. |
Edited by - Jane.l on 06 July 2009 11:26:25 |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 06 July 2009 : 11:55:27
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But because they are not supposed to do this, then you should be able to get it overturned.
This is why it is a good thing to regularly check your credit record after BR or IVA to make sure that nothing like this is recorded and if so, you can do something about it.
The glimmer gets brighter all the time
Jan
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Debtandworry
Starting Member
United Kingdom
8 Posts |
Posted - 06 July 2009 : 14:49:27
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| Thank you for all the replies, it has put my mind so much at rest. |
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Topic |
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After Discharge
