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johns
Junior Member
United Kingdom
269 Posts |
 Posted - 23 September 2008 : 15:08:15
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Hi ,
I have had good advice from Julian before, however i am getting increasingly concerned and would welcome comments.
Went br august the 5th no mortgage arrears and i had a secured loan/ overdraft with barclays as a second charge.
The day after i went bankrupt i let the manager know who advised me to write a letter to negotiate i e- mailed and sent hard copy. I have also sent a further 2 e- mails and 3 calls and i spoke to my bank manager about my cocern 2 weeks ago, eventually she got back and said not to worry about the delay as they have a huge backlog with the current climate.
My worry is them issuing proceedings without any consultations and next thing the bailiffs arriveng.
Would appreciate advice
Regards
Johns |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 23 September 2008 : 15:27:20
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Hi John,
I assume you are referring to making payments in connection with the second charge? If so, what was the original repayment agreement?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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johns
Junior Member
United Kingdom
269 Posts |
Posted - 23 September 2008 : 15:35:36
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The original payment agreement was 945 per month on 80k i have got the loan down to 41k and a business od of 26k, i have offered 850 per month but yet to no avail, as we speak they have not contacted the solicitor about my guarantee or the mortgage company.
Thanks for shedding any light on this situation Julian
Regards
Johns
I assume you are referring to making payments in connection with the second charge? If so, what was the original repayment agreement?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 23 September 2008 : 15:38:38
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Hi Johns,
I would suggest that in the current economic climate, the bank would rather take an £850 pm payment than go legal. Wait for their response, but you should be ok.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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johns
Junior Member
United Kingdom
269 Posts |
Posted - 23 September 2008 : 15:43:44
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thanks yet again!!!quote:
Originally posted by JulianDonnelly
Hi Johns,
I would suggest that in the current economic climate, the bank would rather take an £850 pm payment than go legal. Wait for their response, but you should be ok.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 23 September 2008 : 16:27:48
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Glad I could help!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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barclays
