Don't worry about not being able to be contacted - that makes no difference to your record. A lot of people on here are either like that now, or have been like it.
As Skippy says, you can get an account from the Co-op, Yorkshire Bank is another one that others have used.
You can also have a pre paid card on which you can have your salary paid and pay bills. One of the experts who posts on here does that, just have a look at the experts page.
You have the Official Receiver when you go bankrupt. That will cost you £495 by the way.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
That's for the bankruptcy hearing by the way - not the official receiver!
I also meant to say that your record will be shot now as you haven't paid, but it makes no difference whether you can be contacted or not.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
You need to speak to one or two IP's and discuss your total income and total expenses. Bankruptcy is always the last option in my opinion but might be the appropriate advice. Without having details of exactly what you financial position is it is difficult to give you the appropriate advice. Snapshot information as indicated could result in wrong advice put forward.
Speak to an IP and give him/her full details and I am sure you'll get the correct and appropriate advice.
Last edited by David Mond on Sun Nov 09, 2008 12:46 pm, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
With little equity in your property, as I assume that it is being marketed at £250,000 to perhaps achieve £230,000 upwards, you may need to seriously give thought to the merits of banruptcy proceedings.
Your budget presently looks very tight for and IVA, and a DMP will take forever to repay, but if the house is sold, then presumably you would move into cheaper rented accomodation and perhaps then release some more disposable income from savings made on not having to service a mortgage and secured loan.
I suggest that you look at rental options, and then have a chat with an insolvency specialist to see what options there currently are, and may be available into the future.
