Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[05omegav6]

Way I read that was that you only relinquish credit accounts, which would only be my Lloyds accounts as my newly opened accounts elsewhere have no credit facility

[tigers_gonads]

Way I read that was that you only relinquish credit accounts, which would only be my Lloyds accounts as my newly opened accounts elsewhere have no credit facility

You will probably find that Lloyds will probably close the account for you siting you are a undesirable or some other 'dangle berries' 

Before you do anything, open a basic cash card account (I used The Cooperative) and stick no more then 10 quid in there then put the card in the draw until you have been discharged.
Also helpful if you open a building society savings account and do the same 

The idea is that once you have been discharged, no ficker will touch you with a bargepole so as long as you have these accounts sat in the draw, you will be okay 
The idea behind the 10 quid is 2 fold .............. you will have 2 accounts in credit with no bad history and last but not least ............. It will cost the official receiver 10 quid per account to transfer the money out of them into there account so they wont bother 

[deviator]

I would still suggest independent advice from an expert. I'm not saying you haven't thought it through, but they may suggest things we aren't aware of.

[The Sheriff]

It's not an uncommon thing these days. Some people make it sound like nothing, others find it more difficult. Although the process itself sounds quite simple, it would be the time after discharge I would want to find out more about.

[btc]

Brother was discharged just over 2 years ago and seems to be okay getting bank account's ect so he say's

[05omegav6]

Certainly alot to.think on, and certainly not summat to be rushed into...

[tigers_gonads]

Way I read that was that you only relinquish credit accounts, which would only be my Lloyds accounts as my newly opened accounts elsewhere have no credit facility

You will probably find that Lloyds will probably close the account for you siting you are a undesirable or some other 'dangle berries' 

Before you do anything, open a basic cash card account (I used The Cooperative) and stick no more then 10 quid in there then put the card in the draw until you have been discharged.
Also helpful if you open a building society savings account and do the same 

The idea is that once you have been discharged, no ficker will touch you with a bargepole so as long as you have these accounts sat in the draw, you will be okay 
The idea behind the 10 quid is 2 fold .............. you will have 2 accounts in credit with no bad history and last but not least ............. It will cost the official receiver 10 quid per account to transfer the money out of them into there account so they wont bother 

Just to clarify these 2 "other accounts" are used in conjunction with the newly opened account to re build your credit history after the discharge 

[Rods2]

You also need to check how it would affect your current employment?

[moggy]

You also need to check how it would affect your current employment?

No sorry mate it does not affect your current employment,it may affect your future employment.As i know fact it did not affect my employment at the time,nor has it since.Dean.

[05omegav6]

You also need to check how it would affect your current employment?

Nothing in either contract or conditions... Only obligatory declaration is for anything criminal or licence related...

[Sir Tigger KC]

You also need to check how it would affect your current employment?

Nothing in either contract or conditions... Only obligatory declaration is for anything criminal or licence related...

It may affect a future job application though.   

[The Sheriff]

You also need to check how it would affect your current employment?

Nothing in either contract or conditions... Only obligatory declaration is for anything criminal or licence related...

It may affect a future job application though.   

Only in public service or something security related I should think.

[05omegav6]

Legally it affects company directorships and some financial regulatory licences according to Gov site

[moggy]

You also need to check how it would affect your current employment?

Nothing in either contract or conditions... Only obligatory declaration is for anything criminal or licence related...

It may affect a future job application though.   

Only in public service or something security related I should think.

That is  right Ste,like tg i have been through this.I have the video and t shirt,if i can help anyone with info.Just ask its no problem there is life after bankruptcy.Dean.

[biggriffin]

You also have to surrender all bank and credit cards to the court

No you don't you just cut them up,and not use them again.From the day you file.Dean.

But what you do do is draw the money off the credit card in CASH first to pay the bankruptcy court fee's 

As TG says, make sure credit cards are maxed,after you draw the cash on them,if you was a mechanic,trip to machine mart,be in order.Its not cricket but within the law.