Posted: Tue Jul 01, 2008 9:24 am
I have decided to go BR after considering other options but have a few questions.
1: I am going to be moving house in the next few weeks, shall I petition for BR now at my current address or shall I wait until I have moved into my new address which will be more rent and then file for BR immediately.
2: A few months while I have been considering my options I opened two bank accounts. One with Lloyds and the other with the Co-Op. I only asked for basic accounts with both and as of yet neither account has been used. I do not owe any monies to either Lloyds or the Co-Op but I noticed on my Virgin credit card paying in slip that its says Co-Operative Bank - MBNA? Does this mean I will not be able to use my Co-Op account?
3: I am worried that although I have 2 accounts setup is it likely that the banks will shut my accounts down once I have filed for BR even though I dont owe them monies?
4: I am at the stage now where I am still so scared at the whole process but last night I paid all my credit cards again and in one month the minimum payment has shot up from £280 to £430 a month on one credit card even though only £300 was spent on the card during the last month? This has now put me in a negative, there is no way im going to be able to do the same next month.
5: Do the courts notify my lanlord or letting agents of my BR once it has been approved and will I get chucked out of my rented home?
6: I travel alot for my work and need to pay out for fuel, this is currently done using credit cards. Will the courts allow me to keep some money for me to do this. With out doing this I would lose my job for sure and our company do not use company credit cards?
Thanks
1: I am going to be moving house in the next few weeks, shall I petition for BR now at my current address or shall I wait until I have moved into my new address which will be more rent and then file for BR immediately.
2: A few months while I have been considering my options I opened two bank accounts. One with Lloyds and the other with the Co-Op. I only asked for basic accounts with both and as of yet neither account has been used. I do not owe any monies to either Lloyds or the Co-Op but I noticed on my Virgin credit card paying in slip that its says Co-Operative Bank - MBNA? Does this mean I will not be able to use my Co-Op account?
3: I am worried that although I have 2 accounts setup is it likely that the banks will shut my accounts down once I have filed for BR even though I dont owe them monies?
4: I am at the stage now where I am still so scared at the whole process but last night I paid all my credit cards again and in one month the minimum payment has shot up from £280 to £430 a month on one credit card even though only £300 was spent on the card during the last month? This has now put me in a negative, there is no way im going to be able to do the same next month.
5: Do the courts notify my lanlord or letting agents of my BR once it has been approved and will I get chucked out of my rented home?
6: I travel alot for my work and need to pay out for fuel, this is currently done using credit cards. Will the courts allow me to keep some money for me to do this. With out doing this I would lose my job for sure and our company do not use company credit cards?
Thanks