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Posted: Sat Apr 19, 2008 2:49 pm
by buttercup
I forgot to post this but it arrived a few days before my Creditors meeting when I did not know whether I was Arthur or Martha. It was a letter from Barclay who was my largest creditor saying that as long as I did not go overdrawn I was more than welcome to keep using my Barclays account. I must admit that letter went a long way in my estimation. They then voted Yes a few days later at my CM
Posted: Sat Apr 19, 2008 3:57 pm
by jpj
Barclays were my biggest creditor (£80k)they voted yes, and I still have a mortgage,current account and business account with them up and running...
I like Barclays they are nice...they didnt bear any grudges...apart from taking my platinum card off me ..but I guess you cant have everything!! :O)
Posted: Sat Apr 19, 2008 5:08 pm
by Soulgrowth
That's really nice ... although I have become a real cynic and wouldn't trust my money with a bank that was one of my creditors! One of the nicest psychological elements for me of my IVA was being able to have a fresh start with a new bank after having been with Lloyds for over twenty years.
Indeed, according to the paper today The Royal Bank Of Scotland look to be in a bit of trouble at the moment ... I'm not too sure I would trust any bank much with my money at the moment!!
Debbie
Posted: Sat Apr 19, 2008 5:15 pm
by kallis3
I too was with Barclays, and because I had a credit card with them I was advised to swap, which I did, to Nationwide. My Barclays account is still open but there is very little in it. I didn't want to run the risk of them taking all my money out.
It does look as though the banks are going through the mill at the moment. My meeting is on Monday and one of my creditors is Lombard Direct and another Direct Line, both owned by RBS. Hope this doesn't make any difference to the way they vote!
Posted: Sat Apr 19, 2008 5:26 pm
by Soulgrowth
I don't know whether my rationale is correct (with my own creditors meeting scheduled for Monday) but I was hoping that with the banks and the credit crunch as it is at the moment ... my creditors might take the approach of voting 'yes' on the basis of them being able to take the money when they can.
Debbie
Posted: Sat Apr 19, 2008 6:05 pm
by jpj
Im sure that greedy landlord will want to get his hands on your coffers too!!
)
Posted: Sat Apr 19, 2008 6:12 pm
by kallis3
I hope you are right about them wanting to get money anyway they can. My only saving grace is that if I went bankrupt they would only be getting 13p in the pound which is not a lot!
Posted: Sat Apr 19, 2008 8:13 pm
by Soulgrowth
I think my bankruptcy return works out at 12p ... so hopefully they will vote yes to 20p!
As for the Landlord ... my only reassuring thought is that it is he at the end of the day who has a mortgage on a shop that remains empty still after a year!
Debbie
Posted: Sat Apr 19, 2008 9:34 pm
by jpj
Yeah Debbie....and its been falling in value for at least the last 6-12 months as commercial property has been falling!!!
Maybe you can recommend him a good IP when his negative equity gets too great!!
)
Posted: Sun Apr 20, 2008 9:12 am
by Soulgrowth
Didn't think of that! And he bought at a time when retail was doing brilliantly and property prices were high!
Our lease was just over £10,000pa ... the landlord has been advertising the premises as a new lease for £14,000pa for the last year ... and that's with empty shops all around him.
Debbie
Posted: Sun Apr 20, 2008 10:15 am
by jpj
Oh God...I just said how super Barclays were, then listened to my answerphone and there was a message from wednesday to call Barclays!!! EEEK...I hope i dont end up eating my words on how super they are!!