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So keeping a long story short I was declared bankrupt in April 2011 and discharged in October 2011. Part of the bankruptcy incorporated my Natwesticon bank account and loans.

 

Moving forward I was contacted by Natwest in 2014 regarding the mis-sellingicon of PPI and eventually they awarded me money as a compensation settlement. As I had been declared bankrupt I contacted both Natwest and the Insolvency Service (Birmingham Office who dealt with my case) and was told that between the two of them they would sort the situation out and I guessed that the money would go towards those companies who had been owed money when I filed for bankruptcy.

 

Jumping forward again I am having problems with my local council which led to me having to contact Natwest and that in turn has led to the revelation that I have an active account with the bank.

 

I therefore went into my local branch today and after some investigation I was told that I do indeed have an account and that there is a little over £4600 in it, they also told me that the account was frozen, most likely due to being inactive since March 2014. They gave me a printout of the balance which shows that the account has been open since at least October 2008 which is obviously over two years before my bankruptcy took place.

 

The best I can figure is that it is my old Natwest account and that the money in it is the compensation that I was given in 2014 for the PPI mis-selling, this ties in as the money was deposited into the account in March 2014. This of course is surprising to me as I was under the impression that the insolvency team would have contacted the bank and taken the money, I did after all let both parties know of the situation when the compensation was paid to me.

 

So anyway the bank have advised me to contact the insolvency people and find out why they have not claimed the money, they have also made a note of the conversation I had with them today in order to back up my claim that I was not aware of this money and had not been keeping it secret from the insolvency people.

 

I have tried to call the insolvency office today but just got through to a voicemail so I didnt leave a message as obviously al of the above is not the easiest to leave a message about.

 

I will of course try calling them again in the morning but thought I would run this by you guys in the meantime for advise as to why this has happened and where do I stand? Now obviously it would be very nice to stumble across over £4000 that I didnt know I had but Im assuming that even now almost 5 years after being declared bankrupt that the money will be going to the insolvency office, im just at a loss as to why they never claimed it in the first place.

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Thread moved to the appropriate forum.

 

Regards

 

Andy


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Info for you;

 

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/ppi-claims-after-bankruptcy/

 

However, for now Id hold off. Natwest contacted you right?

 

Natwest contacted me in 2014 regarding ppi and i just completed the form, I'd never even considered making a claim.

 

Once they paid out i looked it up and realised that the money was not meant to be kept by me and that's why i contacted both natwest and the insolvency office and left it in their hands.

 

Jump forward two years and here we are with the money still sat there in my name

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Can you not drop your IP an email silentmovieman as a matter of urgency as its effecting your benefits I assume with your referring to the Council ?

 

If you've been discharged from bankruptcy, this doesn't change the situation. The official receiver or trustee still owns the right to claim and any money that results from a claim, unless they've agreed to transfer the right back to you.

 

Regards

 

Andy


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Lets keep that on a seperate thread for now......


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Absolutely ,just wanted to show that the two aren't connected .

 

Is it likely that the OR would sign back the right to any claims?

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Well that's a sucky way to start the day . Got hold of the OR and they are going to write to natwest for the cash .

 

I know it should have been done a long time ago but still get the old hopes up when something like this falls in your lap out of the blue.

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As previously stated I was declared bankrupt in April 2011 and discharged in October of the same year.

 

Obviously we have passed the six year threshold now so my bankruptcy does not appear on my credit file anymore.

 

This is all good but I am looking to move my family back home and as we rent we are having to complete the necessary forms as we have found a property we want to move into. There is one issue with this in that the form asks whether I have had any ccjs, bankruptcys etc.

 

I believe I am right in saying that if I was applying for a mortgage that I would have to declare a former bankruptcy regardless of how long ago it took place. Is this right and do I have to do the same for the letting agent?

 

I'm asking because if the answer is yes then I'd imagine that its highly unlikely that any letting agent is going to give us the greenlight due to the former bankruptcy even though it is no longer on my credit file.

 

Any advice on this matter is greatly appreciated.

 

*I did try to start a new thread regarding this but the site kept throwing me round in a loop so I was unable to do so.

Edited by silentmovieman
Adding information

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Yes you would have to declare it...but also that you are now discharged from date xxxxxxx


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In closing the original matter that drove this thread I can confirm that the bank reopened the account after my 6 years was up and i was able to access the money.

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Many thanks for concluding your thread SMM..thread title amended.

 

Regards

 

Andy


We could do with some help from you.

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 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

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