11
Jan
2016
A question about : Reclaiming Bank charges and Bankruptcy
My brother has a is going to hopefully be made bankrupt ( CCCS advised him that due to the size of his debt and the lack of money coming in )
But during his working life he has been hit many times with bank charges and when he gets made bankrupt if he is able to reclaim any bank charges what will happen to the money or what will he be expected to do with the money if he can reclaim any.
Best answers:
- I am also looking at this, but I would assume that any reclaimed charges would need to be reported to the OR and could, possibly, be treated as assets, and in theory payable to OR for distribution to creditors at time of BR order. That is only my opinion and I would also welcome clarification.
- I wish tha i knew of being able to clain back bnk charge when i went BR 2 years ago.
If i had of done it and won i wouldnt have gone BR - Monies accrued after being made br can be taken by the OR. It depends on how much money it is. For example, if you earn overtime money, the OR will take 50% from you, etc.
Martin says that it would be impossible to get bank charges back from before 6 years ago - I heard him on GMTV one day last week. Something to do with the way the banks are structured now that makes it all different
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