www.iva.co.uk

Has anyone ever hear of The Bankruptcy Protection Fund? I have just received at letter from them today and they claim the following

"We are very sorry to hear that you have recently been declared bankrupt, however if you are a homeowner the Bankruptcy Protection fund can help you."

the fund was set up to stop the increasing number of house repossessions as a result of bankruptcy."

"Our service will ensure that your creditors are repaid and that the bankruptcy is cancelled, making you solvent again. We will also instruct the credit reference agencies to correct their records."

Dodgy or not?????

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

I think someone else had the same thing, sounds very dodgy to me, they are on the make at your expense, no doubt. Stick it in the recyle bin, theres a chance it might be made into loo roll.

lily

No doubt Lily! But I have an ever enquiring mind and would love to know how many thousands of £'s they want for the privelege of their "expertise"!!!!

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

Can you not look them up on line see if they are a reputable company sounds a bit iffy to me.

Tracy

Yes I did - www.bpfltd.co.uk

for those who also want to take a look!!!!

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

being as its a freephone number with your enquireing mind did you call them.

Scared to!!! But I will to appease my mind and no doubt others!!!???

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

Sue, I have had a look into this one and checked them out (I have access to companies accounts via Companies House) - personally I would steer clear! D.

Would still be interesting if they actually do have a magic wand.More than interesting a small miracle maybe.

Thanks everyone!!! I phoned!!! What a load of B******s!!!!

If you have equity in your property and there is sufficient to cover your debts after they have worked out the p in £ with the OR, they in effect pay your creditors, you have to remortgage and pay them back!!

Now, if I had equity in my property, I would have remortgaged (providing I could pay the increased mortgage), one would have thought that I had the where-with-all NOT to have petitioned for BR!!!

They must think that we are all just a bunch of muppits, aimlessly wandering around running up debts just to say "stuff it, I'll declare myself bankrupt" and 28 days later apply for an annulment because I am so sorry, I did actually have the money to pay my debts.

To jump on my soapbox - Companies such as these should be restricted from operating. All they do is waffle in your ear, talk absolute **** because they actually have no idea what they are talking about in the first place and want to make a quick buck out of people who are struggling to make ends meet.

Ok, I'll get off now!!!

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

Sadsack

Could you please let me have their details - this is restricted and illegal - I will report them to the proper authorities

Got their details off the site - and reported them, they are not authorised to offer mortgage advice

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

This happened in Scotland a couple of years ago where a Mortgage company was writing to people in Trust Deeds offering them mortgages as they made need to release equity for their creditors. I contacted the FSA regarding it and was told that as the names and addresses were public knowledge, London and Edinburgh Gazettes, and that as the mortgage company were not telephoning them but were writing to them, that they were actually allowed to do it. I just told clients to not open them and return them unknown.

They use the information to build up cheap databases for mailshots, just ignore them.

Just looked at this website though, sorry should have done before I posted back, total scam. I am reporting it as I type.



Jo Rolland
Debt Alternatives
www.debtalternatives.co.uk

With the greatest of pleasure Mike!!!

The Bankruptcy Protection Fund Limited
1 Lowry Plaza
Salford Quays
Manchester
M50 3UB
T: 0161 601 4919
www.bpfltd.co.uk

They have a freephone number as well - 08000437150. The person I spoke to insisted that I gave them a reference number for them to "retrieve" my details, so I guess without a relevant number, they won't speak to anyone! Sneaky little ....... oops nearly said it!!

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

Oh well, seen as we are all using public information, here is their balance sheet

Their company credit rating: Caution - Credit at your discretion

Balance Sheet
Annual Accounts 30/09/2006
Tangible Assets £20,806
Intangible Assets £0
Total Fix Assets £34,417
Total Current Assets £84,292
Trade Debtors £83,546
Stock £0
Cash £746
Other Current Assets £0
Increase In Cash £0
Miscellaneous Current Assets £0
Total Assets £118,709
Total Current Liabilities £401,607
Trade Creditors £401,607
Bank Overdraft £0
Other Short Term Fin £0
Miscellaneous Current
Liabilities £0
Other Long Term Fin £0
Total Long Term
Liabilities £0
Bank Overdraft & LTL £0
Total Liabilities £401,607
Net Assets -£282,898
Working Capital -£317,315

Looks like they might be using their own services soon, hope they have something to remortgage

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

Just a note
I have checked this address with Royal mail website and its showing as "does not exist"
Z
x


Zoe
x
Keep your chin up - everything happens for a reason!
View my blog http://zoes.blogs.iva.co.uk/