Help please: Bankruptcy and saving my house

Discussion in 'Legal Issues' started by smileyface, 24th Feb, 2011.

  1. ianvestor

    ianvestor Future Middleman

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    No idea! They get your permission (at least in the fine print) to check your credit history, so maybe there's also something in that same fine print mentioning NPII/facebook/best friend's buck's night checks also.
     
  2. Terryw

    Terryw Investor

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    I believe the lenders generally don't check the National Personal Insolvency Index ("NPII"). However, the application forms often ask the question about bankruptcy and if you answer "yes" they possibly then would. Not disclosing the information to the lender would be an offence.

    This is a public database so anyone can do a search for a fee - no permission would be necessary.
     
  3. ProperTee

    ProperTee Member

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  4. ianvestor

    ianvestor Future Middleman

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    That's pretty much what I said.

    From my understanding anything that touches the NPII even for a nanosecond is there permanently... completely different from the ins and outs of your credit file.
     
  5. ProperTee

    ProperTee Member

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    Sorry, I misunderstood.

    However, I think the question that is normally asked on loan applications is "are you an undischarged bankrupt", so no offence would be committed if you were to answer no. They will check your credit file, but I doubt they check the NPI, becasue if it's not on your credit file, this would in most cases mean that the bankruptcy is at least 3 years old and they're probably not interested in spending more money to check NPI.

    If however, there are defaults on the file, well that's a different matter. One of the benefits of running a business under a company structure is that the defaults are recorded on the company credit file.
     
  6. Terryw

    Terryw Investor

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  7. TomW

    TomW Member

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    I work in the insolvency field and the guy that runs that website (Fred Appleton) is regarded as an eccentric fool.
     
  8. Rolf Latham

    Rolf Latham Member

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    xcept where personal guarantees are provided.........?

    ta
    rolf