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Response to Halifax, the latest from them

from pendle (pendle_666@yahoo.co.uk)
Declaring yourself bankrupt is actually quite expensive - court fees and stuff like that and it doesn't stop Halifax claiming against you and it would be more likely that they would be able to claim their full 33k as you would not be in charge of your own financial affairs any more and not in a position to question it. Although bankruptcy would last about 3 years, in some cases, where there might be a legacy or other large sum of money to come to you in the future, the Trustee in Bankruptcy could still come and take it away.

Filling out an Income and Expenditure form is, to all extents and purposes, admitting that you owe the debt. As Too Scared to Say mentions in her posting, they will continue to harass you for further financial details on a regular basis. If you do not believe that you owe the Halifax 33k, then there is no reason to fill out their I&E forms. You're disputing the amount, and until both sides can agree the shortfall amount (which will take ages) then there is no reason for Halifax to know your financial details is there?

You say that you have followed the advice on the website. Do you have all the supporting documentation from Halifax to prove their claim? Have you gone through it with a fine toothcomb and questionned every amount their claiming from you? If not, then you've still got a long way to go.

As most people who post questions and answers on this board will tell you, getting a "completion statement" from the lender is not enough. If for example, your lender claims 5000 for repairs to the property - ask for copy invoices, question why there was so much to be done. Did they get several quotes for the work etc etc etc.

You will find that the Halifax will claim that how they arrive at their shortfall figure that they say you owe is none of your business - well it damned well is. If they don't answer your questions, just keep asking them. Learn to be like a parrot, because repeating yourself often is something you'll have to get used to!

I would suggest that you avoid coming to an arrangement with Halifax over your current shortfall figure. If you, say, agree to pay £50 per month until its paid off, you can guarantee that after 6 months or a year, they'll be back asking you to increase your payments and it will keep on like that. Surely you must agree that this is not the way to have to live your life. Look at the example letters, and read up on what others have done and work towards getting the shortfall brought down to a reasonable figure which you can pay off in a realistic time period.

If you don't have alot of supporting documentation, then its not too late. Filling out the I&E form isn't the end, although you've not done yourself any favours. Write back to the Halifax, using the sample letters on this website and ask for their proofs.

Good luck.

(posted 8084 days ago)

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