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Ade65
Junior Member
187 Posts |
 Posted - 21 April 2008 : 19:51:13
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Hi,
It looks like I may have to declare bankruptcy, much as I wanted to avoid it, as I can't afford a reasonable IVA repayment right now.
I have a joint current account with my wife (who has no debts) with HSBC, and there is no debt with the bank. Are they likely to allow us to keep it if I declare bankruptcy but have no debt to them?
Thanks,
Adrian |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 21 April 2008 : 21:53:23
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Hi Ade
what is the level of debt and your disposable income?
have you investigated the other possibilities or is your situation likely to change in the forseable future?
You may want to talk to Andrew Graveson at Bright Oak first.
If you are sure then we will be pleased to give you whatever advioce you need.
Re HSBC I have always struggled for any client to maintain an account in Br even a joint one with partner.
You may want to arrange to remove yourself from the account before filing and open another account with the COOP first. Their Cashminder account is a good solution.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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melanie_giles
Senior Member
1191 Posts |
Posted - 22 April 2008 : 00:45:07
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What do you class as a "reasonable" IVA payment?
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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Ade65
Junior Member
187 Posts |
Posted - 23 April 2008 : 07:13:14
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Hi,
At present it's inlikely I could offer more than £50 per month to avoid increasing debt. Thanks for the advice - I'll be in touch with one or both shortly.
Regards,
Adrian |
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storm
Junior Member
United Kingdom
232 Posts |
Posted - 24 April 2008 : 13:56:50
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Hi Adrian
I have been looking over this forum over the last few days and found that the COOP cashminder account is a good one IF you can get it as a few people have been tured down for it. I got my account with Think Banking after reading posts on here and not havng any lick any where else.
Hope this helps with the bank side of your problems. |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 24 April 2008 : 14:27:02
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I would definitely recommend the Co-op Cashminder account. As far as I'm concerned Think Banking are a last resort due to the (as far as I'm concerned!) extortionate fees.
If you apply to the Co-op, make sure you do it either in a branch or on the phone. You cannot apply for a Cashminder account online and a few people have made that mistake and applied for a full current account.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 24 April 2008 : 16:19:35
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I have just this minute rung the Co-op and been accepted for a cashminder account. Don't even want to see proof of id/address. Did it all over the phone.
Lovely chap - I would give you his name but he might get inundated!
Skippy you're right - I too am converted to the co-op cashminder! x |
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whatever
Junior Member
United Kingdom
208 Posts |
Posted - 24 April 2008 : 18:40:58
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hi m & v
just a word of warning.I too was accepted over the phone for a cashminder until i recieved a letter a week later turning me down!. I am in full time employment and they knew this ...really only wanted somewhere for my wages to paid into direct.I was accepted by Think Banking,I know not everyones choice but at least i can get paid.!!
They do charge but at least it gets me back on the credit good books,plus you can use lloyds for any over the counter stuff.Don't mean to put a wet blanket over things but i was so relieved to hear prior to Bankruptcy co-op accept bankrupts that it was a major let down when i was declined.I have never owed them money or had an account previous to Bankruptcy.
Good luck :) xx |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 25 April 2008 : 08:27:55
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| I'll be sending them a bill for the phone call if they turn me down! Lol! Must have taken nearly ten minutes! I will update the forum one way or the other - fingers crossed its good news. x |
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pix1
Average Member
689 Posts |
Posted - 25 April 2008 : 22:48:23
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| One other option is a prepaid Mastercard. You can get your wages paid into the Titanium prepaid Mastercard from Moneyshop. |
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storm
Junior Member
United Kingdom
232 Posts |
Posted - 28 April 2008 : 12:35:36
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| Think banking fees are around the same as some pre-paid credit cards, £12.50 a month. there is a start up fee of £25, these figures are increased by £5 if you opt for a second card. As Skippy has said try the Coop Cashminder account 1st . If you have no success like a few on the forum then you are guarenteed an account with think banking. Hope this helps |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 April 2008 : 14:34:44
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I would disagree that the fees for Think Banking are the same as a pre paid card - I pay £4.99 a month for my pre-paid Tuxedo card (Maestro) and I know the Cashplus Mastercard is the same. If you can get a Cashminder account and a prepaid card it will work out cheaper.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 28 April 2008 : 16:19:34
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| Have you guys seen the quidity card - pay £10 for the card and the first annual fee - but then no monthly fee. Not sure how it compares to others to use it day in day out. Have a google! |
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 28 April 2008 : 16:29:15
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quote:
Originally posted by whatever
hi m & v
just a word of warning.I too was accepted over the phone for a cashminder until i recieved a letter a week later turning me down!.
I got it!!!
Rang them today and was given my sortcode and account number. Phew!
I'm considering it a lucky omen and going out to buy a lotto ticket!!
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 April 2008 : 21:19:12
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That's really good news, and good luck with the lottery!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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storm
Junior Member
United Kingdom
232 Posts |
Posted - 29 April 2008 : 12:16:14
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Hi m & v
Congrats on the bank account 
How about spreading the luck abit for the lottery then??? a lucky dip for Friday's Euro millions and one for Sat main   |
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Topic |
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Bank accounts
