Help - Advice needed about Debt

[greg1978]

To cut a long story short, live with my girlfriend, she legally owned our old house, we fell behind with morgage payments, before the bank had time to re-possess we moved out, re-possession went through in May 09 (we moved out October 08) , since then the bank have been trying to sell the house so not heard much from them.

 

Received a letter today saying there is a shortfall on the mortgage of £17k, they are looking for their money as the house has now been sold.

 

However, my girlfriend already has her wages arrested for Council Tax, the solicitor dealing with the mortgage shortfall on behalf of the bank says they will apply for a conjoined arrestment, does this mean she has double the deductions from her salary or is is split or pro rata??

 

The solicitors for the bank also mentioned bank account arrestment, how does this work?? I have a joint bank account with my girlfriend and none of the debt for which has gone to Court is in my name. Can they still arrest a joint bank account??

 

How does it work, do they empty your account of all the money anytime money is paid into it, if so how are you meant to live. I have a 3 year old child. Or, do they stake claim to a % like they do with a wage arrestment. I can't get my head round how they could arrest a bank account and leave people with no access to their funds.

 

My girlfriend will be filing for bankruptcy in the next few weeks. We have no assets of any value, I own a car buts its only worth about £750.00 and is registered to me.

 

I live in Scotland incase that makes a difference.

[IdaInFife]

Hiya Greg and welcome to CAG.

 

 

Wages arressment: they can only have 1 Total amount so whatever is being deducted will be split.

 

Bank Arressment: the can only do this if there is over £370 credit in the account and they can do this with a joint account.

 

My advice is for you to open up another account with another bank asap and arrange for any monies to go in their for yourself.

 

all the info and amounts are in here:

 

http://www.aib.gov.uk/Resource/Doc/4/0000460.pdf

[greg1978]

Thank you for your advice re openining a new account, i will get onto this straight away.

 

I am struggling to find any info on that web page link you sent me re bank arrestment. Can you just briefly explain to me how it works. Ie does the bank freeze all of your money in the account or just a % like a wage arrestment??

 

Thanks

[IdaInFife]

if you read ukaviators post at no 2 in this link he explains it well

 

http://www.consumeractiongroup.co.uk/forum/dealing-debt-scotland/231330-charge-payment-received.html