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janjef

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About janjef

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  1. not always. I had an account swanning around in the cloud doing nothing that was part of my Bankruptcy. Seems that they forget to do them all. Bank or OR fault I have no idea. But I resolved it by going into the bank with my dsicahreg letter cos it was only a few pounds and they just closed it and took the money which is what I expected to happen. Otherwise it would still be sitting there and I dont want any repercussions coming up a few years down the line. Fresh clean start is better. And BUDGETING Properly. Its nice to be debt free nd able to save for once in my life
  2. My OR removed a marker within days of asking. Just saying...reckons it depends on the one you are dealing with. Mine was fair and helpful and had a good negotiation on my house equity which i was able to save with help of some friends. Its all a bit odd this PPI after Bankruptcy. I have one I am going to try and see what happens. I have come back on here to find the spreadsheet to work out the interest. Anyone have the link for me please before I pull my hair out looking for it?. Lol Thanks in advance. p.s. You have been very honest. As they dont seem bothered about taking the money I would do yourself a favour r and just get it when you can sort this out.
  3. I've got nowhere with this lot either. Think it's a lost cause. My case is similar on a much larger scale so talking about a lot of money. It's all relative though isn't it. I wasn't happy at the time but we had no choice. I've since calculated they made me pay twice for the ppi on both loans and they were both paid off after 3 months. Same. First one paid off by second one and then that one 2 moths later. Two lots of ppi. No transfer of ppi. Surely that's incompetent so why would they be allowed to get away with it by way of a company name change. The FOS are no use. Sigh!
  4. Hi there. Can anyone tell me if they have had or heard of a successful claim with either Ocean Finance or Endeavour Personal Finance. I have asked before but throught I would see if there are any updates since my last try in 2013. Ocean were the broker and Endeavour being the Creditors. I have the agreements and neither party will admit to liability for a misold PPI agreement. Spoke to Ombudsman and said I could write to them but may not get anywhere and waiting list is a year. Also, the general consencus seems to be its a waste of time anyway so I am not sure what to do. I was thinking of putting in the hands of a specific PPI claim company but I do prefer to do these things myself. they probably have the better means to take it forward than I do. The amounts we are talking about are quite large hence the reason I am trying to claim this back. I did try at the time as they were two short term loans despite being quite large and litterally paid back within 3 months. But the amount we paid in PPI was extorinate. i.e. the full amounts, twice!! First loan paid off quickly with second loan as we neded a top up within 2 motnhs to do what we had to do. On each loan we paid the PPI fully back twice, despite the fact that the 2nd loan was also part paying the first. At the time we had no choice so swallowed it. I am saying this as I am not just on the bandwagon to get some money back. I truly beleive it was wrong. Any help appreciated.
  5. Oh ok. I was just wanting to know if anyone had been successful and if so who with. But if you cant then sobeitcheersJan
  6. Oh ok. I was just wanting to know if anyone had been successful and if so who with. But if you cant then sobeitcheersJan
  7. Not sure if anyone in here can help. I am looking for a short term loan to pay the insolvency Trustee for the purchase back of my house equity. I have managed to raise £10k already from friends and family but I need another £5k. I dont think anyone would lend me some money as I am still in my Bankruptcy Year. I also have another friend who said they would get a loan on my behalf. He was Bankrupt in 2012 but he can't seem to get a loan either. He tried Freedom Finance Brokers who claim to be able to help.Does anyone know of a loan company who might consider either of us please?The loan can be secured on the house or the equity can be transferred into my friends name and therefore secured against the house.
  8. Ok thanks. But once they take their money back that they have loaned me on the mortgage, I assume then the trustees of my equity would have anything left over after a sale. BUT I was wondering if the mortgage company will just sell it for what they are owed for a quck sale. I guess there is no answer to that until the time comes.
  9. I went to court and filed for persoanl bankruptcy as I persoanlly owed nearly £45k. A long story ex spent all money and put credit into my name. Bankruptcy was granted. Only asset I have is a house with about £16k equity in it after they valued the house and I counter valued it with local estate agents. When I last had it valued I was in negative equity so this has been a shock for me. They have suggested I could buy the equity back form them. They are just a normal legal firm who have been instructed by the bankruptcy courts to take on my case and try to get any money form me that they can. legally they own the equity on my house as it stands. If I sell the house they get all the equity after all costs. But if I buy the equity off them I am then free to do as I like with house. I have made an offer of £5k for the equity but this has been denied. I dont have any money and this was a loan form a friend. I doubt I could raise any more. if I stop paying the £900 per mth mortage so at least I have some money to rent somewhere later on when am re-possessed, will the mortgage company sel the house and the equity still go to the legal frim? OR will the mortgage company just sell the house for what is owed to them on the mortgage? This info will help me with my case of buying the equity as surely some money to the legal firm would be better than none. And when I say legal firm I really mean the trustee of the equity.
  10. Hi I hope that someone can help me with this question please. Was made bankrupt in Sept 2014. Just had the trustees of my insolvency contact me and advice I have so mnay thousands equity in my house that I can make an offer to buy off them. I have made an offer of £5,000 based on the fact the equity is about £16k. He told me openly it would costs them about £8k to take to court and would not be until at least December. Therefore I felt a £5k offer was reasonable. I also advised him that if they dont accept an offer, I would stop payng the mortgage (interest only at £900 per mth). Which means they would probably end up with nothing. My questions is. If I go down the allowing the house ot be re-possesed route, and the mortage company go and sell the house, are the insolvency firm entitled to any of the sale proceeds as they are on the documents as legally owning any equity. Thanks Jan
  11. Hi, In September 2014, I filed for Bankruptcy. Recently the Insolvency Practitioner arranged a House Valuation and has now sent me a letter requesting that I pay £26k as this is the equty in the property. The house is in my sole name. I am working full time and have just enough money to keep my head above water although may be able ot find £50 or £100 per month by cutting down more if I have to although it is so tight My plan eventually was to try and sell the property a few years down the line for a smaller more affordable one. I am only paying interest only on the house and so will never own it as it stands. I have two teenage kids. My questions are as follows and I will try to keep this short: 1) Can I request a re-valuation? With all the issues worng with this property and comparing to others in my area, I fail to see how they have vauled it so high. 2) Can I make an offer below the £26k? And if so, what are they likley to take? For example, if I offered £1,000 would this be laughed at or will they take £5k or £10k, or any other amount? Like 50% for example? Anyone any thoughts on this at all? 3) What will happen if I can't offer anything? Will the house just then be re-possessed or will they just ask me to sell it? 4) If I do nothing how long is it before anything happens? They have given me 14 days to respond to their request. Thanks for your anticipated help JJ
  12. Hi, In September 2014, I filed for Bankruptcy. Recently the Insolvency Practitioner arranged a House Valuation and has now sent me a letter requesting that I pay £26 k as this is the equty in the property. The house is in my sole name. I am working full time and have just enough money to keep my head above water although may be able ot find £50 or £100 per month by cutting down more if I have to although it is so tight My plan eventually was to try and sell the property a few years down the line for a smaller more affordable one. I am only paying interest only on the house and so will never own it as it stands. I have two teenage kids.My questions are as follows and I will try to keep this short: 1) Can I request a re-valuation? With all the issues worng with this property and comparing to others in my area, I fail to see how they have vauled it so high. 2) Can I make an offer below the £26k? And if so, what are they likley to take? For example, if I offered £1,000 would this be laughed at or will they take £5k or £10k, or any other amount? Like 50% for example? Anyone any thoughts on this at all? 3) What will happen if I can't offer anything? Will the house just then be re-possessed or will they just ask me to sell it? 4) If I do nothing how long is it before anything happens? They have given me 14 days to respond to their request. Thanks for your anticipated help JJ
  13. Thanks for your reply. He has now gone and I am told the IVA will officlaly fail sometime in August. Most fo the debts are in my name so I see a long way ahead trying to clear it all up. Despiute the fact that these are joint debts but he will never agree to contributing. He is now living with parents and now the lowest he can be. I am just gald to be rid. I will update this when I know more about the IVA and what I can do.
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