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 Right of Off-set after Bankruptcy

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T O P I C    R E V I E W
sjbyron Posted - 11 June 2009 : 09:38:40
Hi

I have just applied for a nationwide cash card account and been accepted, got confused on a couple of questions such as are you currently in the action of bankruptcy which I answered no, as I have been bankrupt since Jan 26th this year and have completed EDREV on 13th May.

Anyway they have offered me this account but they were one of my biggest creditors with an Overdraft, Credit Card and Loan if I use this account will they use the right of offset and keep my monies.

Any advice appreciated

Stu J Byron
4   L A T E S T    R E P L I E S    (Newest First)
sjbyron Posted - 11 June 2009 : 16:34:17
Thanks

Hopefuly



Stu J Byron
Niobe Posted - 11 June 2009 : 16:31:29
I'm not 100% sure on that, so hopefully one of the experts will come along and either confirm or otherwise.

Nationwide seem happy to give you the account though.

The glimmer gets brighter all the time

Jan
xx
sjbyron Posted - 11 June 2009 : 16:04:40
Thanks Jan

Think I need a cashcard account i get too silly with my debit card sometimes



Stu J Byron
Niobe Posted - 11 June 2009 : 13:19:08
I don't think they can if you are made bankrupt. The debt is written off straight away as far as I know, unlike an IVA where it remains intact until the completion of the IVA.



The glimmer gets brighter all the time

Jan
xx

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