Question:
I am a divorced single parent and am considering going bankrupt.
I already have a basic bank account with natwest as my credit history is poor. Will they let me keep this account. If not is it a good idea to open a post office account for benefits before I declare myself bankrupt. Would a [...]
10 March 2010
Can I Include A Joint Debt In Bankruptcy?
Question:
If I go bankrupt can i include a joint debt thati have with my ex. It for 28 k and they say we can not split the debt i am lost?
Answer:
In bankruptcy all your unsecured debts are included so yes, you can include that debt in your bankruptcy.
It will be discharged and you will not [...]
10 March 2010
How Long Does A Repossession Stay On Your Credit File?
Question:
As part of our debt problems we are handing the keys to our house back to the bank, how long does this information stay on our credit file and /or on a central mortgage repossessions record ?
Thanks
Answer:
Everything stays on your credit history for a period of six (6) years.
Then if it isn’t removed [...]
10 March 2010
Can My Father Buy Me A House While I Am Bankrupt?
Question:
hi i have been bankrupt in 25 july 09 and i will be discharge on 25 july 10 i want to know if my father can buy me a home in dubai as i am planing to move to dubai and leave there can he do that or he can not,will i lose my home [...]
10 March 2010
How Long Does Bankruptcy Last For?
Question:
How long does bankruptcy last for? After one year what steps can be made to start builiding credit scores back up? Thanks
Answer:
You are in bankruptcy in most instances for 12 months. It stays on your credit history for 6 years.
Once your bankruptcy has been discharged you can obtain a copy of the discharge [...]
Question:
I have recently been discharged from bankruptcy, but i am now being pursued by one company for the outstanding debt, can they legally do this. I thought the whole idea of bankruptcy was to clear these debts. Thank you for your time in answering this question.
Answer:
Once the bankruptcy has been discharged your debts are no [...]
Question:
I was declared bankrupt in June 2004 which I have now been discharged from. My partner and I have no financial ties, ie he owns the house which we both live in and only his name is on the mortgage, however, can you adivse whether his credit rating would be affected by my own poor [...]
