Hi Melanie, I have sent the paperwork I already have by recorded delivery today and have also sent the letter to creditors and copies of them to you. Is this right? Getting a little confused.
Hi, I have been reading some posts about the old bank account. I have cancelled all the creditor DD's and changed my DD's for household bills, but I couldnt cancel the DD for the persoanl loan also held with the bank until I had cleared out salaries. Do I need to close the account or anything or just leave it until they know what is going on? Also my mortgage is also with Natwest (my old bank). When I ring them to change the DD account will they be ok or will they not change it because I owe money on the loan and overdraft?
Cancel everything (as I am sure Melanie´s team will tell you and ask your new bank to set up the relevant standing orders and/or ask those that require DD to send you new forms as you have a new account.
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.
If you have an overdraft with the bank, you may find they won't let you close the account (HSBC didn't with us). They may also continue to take out the payment for the loan even if you cancel the DD.
Don't worry though as any charges will be included in the IVA.
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
Hi, still going through the process. Paperwork took longer to get together than expected! Waiting now for proposals to be put together but have today received a card by post from one of out creditor (one of the smallest at that!) saying they are going to send a representative round. Sure the postman must be able to guess whats going on!! A little unfair I think but hey ho what can you do. Anybody any ides how long will probably take from here?
Have you provided all of the documents required to your chosen insolvency practitioner? If so, it should not take more than a couple of weeks for your proposals to be drawn up and then presented to creditors.
Hi Melanie. I'm with your company. Spoke to Sue today regarding the card received and she said at present finalising balances with creditors. But forgot to ask her how long process might take from here. Thanks
Give her a call tomorrow, as I cannot tell which one of our clients you are from your forum name! Or send me an e-mail and I can give you an idea in writing.
I also received a post card like that which said to give them a call if not convenient. It turned out to be a ploy to get me to ring them, I got put through to an Indian call centre who tried very hard to get me to make a payment. I agree it is not very private our postman always give me a funny look. I am sure creditors do not abide by the Data Protection Act.
I had one of those as well. I ignored it and nothing happened. It usually means they will ring, rather than physically call.
To be honest, I really wasn't bothered what the postman thought of me. I don't know him other than to say hello to and if he wants to jump to any conclusions, then let him.
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
Hi, We received a letter a couple of days ago from Halifax saying we had 30 days to pay the balance or they would take things further, then today we received a letter from an agency saying Halifax had passed the debt onto them and they would be contacting us! Is this standard practice. Worried now as I think we are still a few weeks away as waiting for a phone call to finalise details before proposal being sent to us. Any advice??
