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Ask a StepChange debt advisor a bankruptcy question
September 2021: We have started a new thread as the previous thread was becoming quite long. If you’re struggling with debt and have a question around bankruptcy, this thread is here to help. There are many trained advisors from the debt charity StepChange here on our Forum ready to answer your questions. They’re…
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Credit Reference File Clean Up - Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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Bankruptcy & Living With It Sticky
Useful Forum threads from this board: * Ask a StepChange (formerly CCCS) counsellor a bankruptcy question * This board is for help not judgement If there are any other threads you’ve found to be particularly helpful on this board, do let me know. Related content from MoneySavingExpert.com: * Debt management solutions *…
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Credit Reference File Clean Up Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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Bankruptcy advice
Hi all, I am planning to file for bankruptcy around May this year. Most of my debts are now defaulting and that’s chugging away nicely, the ones that have defaulted, I’m paying £1 to, but I suddenly realised both my pay monthly car insurance (car needed for work in remote location) and my (and my partners) phones are all…
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Bankruptcy or IVA or DRO?
Person is Individual in England and has defaulted on unsecured Loans & Credit cards. Lost his job and now on Universal Credit and is in £10,000s of debt under £50k. Hardly any savings, no car, no assets apart from a couple of bank accounts in which he gets his UC paid into and probably has a few hundred quid to cover day…
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At wits end..... c.30K HMRC debt - no idea what to do...
This will be long, and may ramble, but my brain is in bits over this... flicking from "it will all be fine", to circling the drain of despair... i have also done a fair bit of 'ostrich approach' but sadly it isnt going away. Arguably should have posted this a year (plus) ago and it could be in the HMRC section of the forum…
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New here considering bankruptcy
hi all I am reading through all of the information to try and help me make a decision. I have a large hmrc debt and am struggling to manage the monthly arrangement with them. I am a bit overwhelmed with all of the information on here so while I am looking through thought I would ask a question here and there for a quick…
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Bankruptcy or IVA - Advice Please!!
Looking for some advice on whether to go bankrupt or go into an IVA. Im already in a DMP with PayPlan but I’m taking on another £40k of personal debt after my company going into liquidation. So my total debt is around £60k. I’m a home owner, but jointly with my wife and also we had help to buy as well. So realistically my…
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Tax bill after bankruptcy
Hi folks, hope everyone is well and had a good Christmas :) After some advice from you knowledgeable people please. I declared BR in May of 2024, released in May 2025. Life has been so much better and the whole process was far easier to live with than id expected. Ive kept up to date with all my payments including my IPA.…
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HMRC on Doorstep
Heya, Not like this wasn't inevitable. I have just missed an in-person visit from the HMRC - she dropped a letter saying she will come back to discuss how I am going to pay in full. Obviously I can't do this as I need to go bankrupt - was hoping it would be them making me bankrupt or IVA company. It says if I don't pay…
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Bank accounts / Direct debits following bankruptcy
Hi, we’ve just had our bankruptcy approved. (Our Debt is from negative equity when our home was repossessed due to redundancy) We believed we had a basic bank account but unfortunately it’s classed as a current account and has been frozen. They have cancelled all our direct debits and we have no access to any money. We are…
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Moved: widow needs DIY probate help re insolvent estate
This discussion has been moved.
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Kept Car Through Bankruptcy, Haven’t Paid in Years — What Can Finance Company Do Now?
Hi all, looking for some advice
on a complicated PCP car finance and bankruptcy situation. Several years ago, I took out a
PCP agreement but quickly ran into financial problems. I made only the first
couple of payments before stopping entirely. A couple of years later, I was
made bankrupt. The Official Receiver declared…
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IVA Complete 15 years but being chased for an old debt
i had an IVA back around 2005 and completed it around 2010/11. i received my certificate at the time but over the years this has been mislaid but also i have never needed it as all by Debt where cleared. ( or so i thought). my IVA was dealt with by Debt free direct who i know now was later taken over in 2017 by…
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Old Charging order and bankruptcy
My husband went bankrupt in 2007 but has 2 charging orders that were put on prior to the bankruptcy. The house was jointly owned (mortgaged) and the debts were solely in his name. We are now looking to sell the house these orders were put on. We have tried to negotiate a lower payment on one (HSBC) and they would only…
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Post Discharge "Non debt" sold on.
Afternoon, Long time since my last post on the forum.. All gone swimmingly and is the second best forum I've found ( Apologies, but the Urban Art Association ) took first place. So, declared BR in 2020, Discharged in 2021, cleaned up my credit file with all the lenders.... or so I thought.. A previous Credit card debt has…
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Bankruptcy order - 27th October
Never expected to be back here again after so many years! I went bankrupt in 2008 after losing my house during a difficult period in my life when me and my partner split up. Anyways..... here i am again for a different reason 7 years ago i set up a company and it went from strength to strength until Covid happened, demand…
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Limitations Act 1980
I am and NHS worker with one dependent. I have been told to pay back and overpayment in wages under the Employment Act. However, the first monthly overpayment was six and half years ago but accumulated to £11,500. How does the limitations act affect this? Furthermore, i been told they will deduct £141 next seven years. I…
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DRO credit file clean up
Sorry realised this is in the wrong place.
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How does bankruptcy work?
Someone owes me over £5k. I have a ccs on them for part of the money but can get one on the remainder. 25 years old. So will have plenty of time to pay it off. I apply to the court for a petition. What happens when I get it? I realise that if he is made bankrupt he will not be able to get credit etc so it will hinder him…
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What are my options?
Hi, I'm considering my options - Have been online with Stepchange and the three options were 1) DMP, 2) IVA and 3) Bankruptcy, I'm thinking bankruptcy might be my preference given I have no assets and would like to be debt free and fresh start by 46. Whole host of reasons for my situation (£93+k) in debt, I'll not list…
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Seeking Advice on Bankruptcy and Relocation
I’m an EU citizen who has been living in the UK for the past 15 years. I’m planning to marry my girlfriend, but after reviewing the high costs of the UK partner visa, I’ve decided not to go through with it. Spending over £10,000 in visa fees over the next five years doesn’t make sense to me, especially since the UK no…
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Partner filing for bankruptcy & remortgage
Hi, I would really appreciate some advice as am getting worried and stressed about this! My boyfriend has recently moved in, he does have debts and is looking to file for bankruptcy soon as won’t be able to pay back what he owes. He pays for bills etc into my account each month. I am worrying that when I come to remortgage…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.8K comments
Most recent: DRO Approved - What Happens Next by johnjs88
31 January at 11:19AM
