Avoid HSBC why???

[steve532]

I have opened a bank account with HSBC but today i see posts saying Avoid HSBC why???


steve

[scaredkez]

hi steve welcome to the forum, apparantly some people who have had iva's accepted and have opened bank accounts with hsbc have received letters once the iva has been approved giving notice of account closure. i am sure someone who this has happened to will let you know
kerri

[MelanieGiles]

Because they have a trend of closing down accounts when they find out that their customers are subject to IVA proceedings - whether you owe them any money or not.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[steve532]

Thanks Melanie
This might be a stupid question but if they are not one of my creditors and my account is in the black how would they find out about the IVA?
steve
also i read yor ex forces as I am.
I have delt with resolveuk that specialise with forces cases. Do you have any experiences with this company?

steve

[MelanieGiles]

Hi Steve

They search the "on-line" IVA register and compare this to customer records. You would think that they had better things to do, wouldn't you!

Yes I know the firm resolvuk - I think it is run by a chap called Wally Stone who I used to know quite well. Did you see them advertising in the Soldier magazine? They class themselves as H M Forces specialists, but then there are a lot of IPs who work with serving and ex-forces personnel.

They are not actual IPs themselves, but will undoubtedly refer your case to a firm called McCambridge Duffy who are based in Londonderry in Northern Ireland. Have you commenced your IVA yet?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[steve532]

Melanie
You know ur stuff, yes i had my initial interview with wally. Lovely guy, and yes they passed me on to McCambridge Duffy. My creditors meeting is next Wednesday. im offering 46p on an £84k debt with 10 creditors. Please tell me McCambridge Duffy are a good company and i have a chance of my IVA being accepted i have no house but am selling my car and cashing an endownment to put £16k cash in to start.

steve

[MelanieGiles]

I'll let you into a little secret shall I. I was the insolvency practitioner at McCambridge Duffy for a short while in their early days of IVA processing. I left for personal reasons and to branch out on my own in 2002, but I hope a lot of the practices I put into place have remained behind.

Good luck with your creditors meeting.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[steve532]

Thanks Melanie I will keep you informed

steve

[herbek]

I used McCambrdgeDuffy and got my IVA past first time. All i can say is when I was loosing it and screaming down the phone at them that I had court orders etc etc (ok not literally screaming but those that have been through this know what I mean) they told me very calmly at every phone call to not panic - usual creditor standard procedure - get the letters to them ASAP. You're scared I can tell you BUT they were right. They all came to nothing and the IVA was approved.

In hindsight I've learnt you need to rise above the tricks the creditors play in that you are doing the right thing and though ultimately they could send the bailiffs round (with a court order to enter your house) a court has to approve that.

[steve532]

Herbek.
Thanks for your message, yes they gave me a short paragragh to read out to any creditors calling me. And suprise suprise not 1 of my creditors has called twice. I will be much happier after next wednesday.

steve