Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

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…
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…
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 *…
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…
Lost all - will start with DRO - if that help ?
Hello everyone, I am looking for help in a difficult life situation I am facing. I lost my job and I have big problems paying off my debts. I do not know what to do. I'm thinking about Dro but I don't know if he qualifies. I haven't had a job for 3 months and I live on a Polish pension of GBP 415 a month! My son helps me,…
question about bankruptcy
hi everyone just a couple of questions regarding bankruptcy, i have seen a couple of debit advisors in my local area [fully regulated] after writing to all the people i owe money my options are rather limited [had D.P.R few years ago] cant have another not been long enough [discharged], only thing I have been told is apart…
Salary sacrifice car in bankruptcy
Hi all, I am considering buying a car through my salary sacrifice as the one I own (no finance) needs work I can’t afford and this is the cheapest way - no deposit or credits check and insurance/road tax all included. Current car worth maybe 3k max. I will be applying for bankruptcy at some point soon so I don’t know if…
Thinking of Bankrupcy - Can anyone help
Hi All, I need some help with a question concerning bankruptcy and housing in the UK. I currently have a £25K debt which has accumulated from credit cards and loans over a period of 4 years. I am thinking of going bankrupt as I lost my job about a year ago and I am struggling with all of this mentally and need a clean…
Anulment is supossed to return you back!!! i need to know im not the only one going through this!
Background of where we are up to: My husband owed HMRC - awful, yes, but we knew we had to pay them somehow. It was non-payment due to hitting some really hard times owning a fishing trawler, and he was the skipper, boat has long since been sold thankfully. Fast forward to HMRC coming knocking, threatening bankruptcy, and…
Bankrupt still affecting me after 30 years
Can an insurance company find out if I was bankrupt 30 years ago? My home insurance is £50 more expensive if I declare it.
Bankruptcy/IVA help
Hi there hoping for some advice from the brilliant people of the forum. I am in around 28k of debt, no assets apart from a car on HP. The car is worth around £5900 according to Parker’s and I gave £7300 left on my finance agreement. I have been speaking to a payplan advisor who has given me options of bankruptcy or an IVA.…
Inheritance and bankruptcy
My father died in June 2022 but as my mother was entitled to live in the family home until she moved into a care home, an application for probate is only now being put in by me, my sister and my nephew as joint executors. However my nephew who is a an executor and beneficiary was made bankrupt in November 2022 and now he…
Help with DRO and creditor letters
Hi everyone, I recently entered a DRO. I have 3 accounts with Lloyds bank, one is a current account with overdraft, one is a loan and one is a credit card. i received 3 letters today regarding the DRO, for each account. For the overdraft and loan they are saying it needs paying back. The credit card letter doesn’t say…
Failure to close a credit card during my bankruptcy
Hi I have just been notified that 6 years have passed since I was declared bankrupt and my CCJ has been removed from my file. However, when I went to upgrade my bank account, it was refused because of my credit report. On further investigation, a credit card with the Halifax I opened before bankruptcy is showing default…
Removal of IVA from credit file
Hi anyone with experience of IVA dropping off credit file, and how long it took. 6 year mark was 13th March and it’s still showing on all credit files. Is this normal? I know someone will say send completion cert but I don’t have that yet and can take up to 6 months apparently
IVA finished but I am getting emails, texts and calls saying I owe money. Please help
Hi, I am really stressed and don't know what to do. I have had an IVA for almost 6 years now. It was to be 5 years but they reduced my payments when the cost of living shot up so put an extra year of payments on me. My payments are done by recurring payments on my debit card each month and I have never missed a payment. My…
Bankruptcy or DRO while living abroad
Hi guys, I have £30000 credit card debt that I soon won’t be able to make minimum payments for. I would like to apply for DRO or bankruptcy but I now live in Czech Republic. I meet the criteria as I have been a UK resident in past three years. Does anyone have any experience with dealing with DRO or Bankruptcy from outside…
Self Employed and thinking of going bankrupt but not 100% sure
Hi, I’m after some advice for a family member who doesn’t use the forum yet and is considering bankruptcy. Essentially, she is self-employed, requires a car to get to work 3 times a week 100 miles away and works in Milton Keynes 1 or 2 days per week. She has a car on HP and pays £400 per month with the half to be paid off…
Bankruptcy while in debt management plan
I have a debt management plan (DMP) but its getting increasingly more difficult to keep up with payments. I haven't worked since Dec 2022 because of illness so am in receipt of PIP. The DMP company have reduced payments but of the £90 I pay monthly they take 50% for commision. Is this normal or can I go bankrupt still as…
Need advice on going bankrupt with a business
A company I owe money to is trying to make me bankrupt. The debt is large and is 5 years old. I have no means of paying the debt at the moment and probably won't for a while. I can pay say £500 a month. But they would not accept that as the interest is eye watering and compounds daily! I am however self-employed and have…
Bankruptcy notice wrongly added to Title Deeds
My son is buying a new house but the solicitor has found a Bankruptcy notice on his Title Deeds dated 2016 which is nothing to do with him. He called the court where it was issued and explained whats happened and they asked him security questions. Name, ref Number date of court hearing, which was fine, then address which…
Help needed
In 2022 I was made involuntary bankrupt. The whole thing been a nightmare as when the ruling was made I was sectioned under the Mental Health Act, couldn't attend the hearing and then had appeal blocked. To add to it I knew all along I was owed more than what the creditors would be but hadn't got the funds in due to…
Ask a StepChange (formerly CCCS) counsellor a bankruptcy question
StepChange Debt Charity (formerly CCCS) has several counsellors answering questions in our forum. There are three ways to contact them: 1 - To ask them a question please post it below and Allen, Linsi, Kirsty, Rachael, Joe or Patience will post a reply here. 2 - If you would prefer to ask a question in private you can send…
Bankruptcy approved - what next
I applied for my bankruptcy Thursday evening and got approved today. It happened much quicker than I thought it would and havnt had to provide any pay slips or bank statements etc Will I still need to provide these and will I still have an interview with the OR? There's no mention of an IPA, I don't think I would by my…

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