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6 Years Later.
Hello. Just thought I'd pop on and say as of today my Bankruptcy order is off my credit history. Time has flown by and I am now in a much better financial position than I was 6 years ago. The help I received from this group has been absolutely fantastic and was a godsend. So for anyone about to declare bankruptcy, do your…
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Bankruptcy and mortgage
Hi All, Looking for some advise please. I was made bankrupt many years ago and during this process my ex brought my shares in the property. Now many years on I am still on the mortgage and TR1 however i have been trying to get off this. I now understand that my ex owns the whole property as she brought the shares and I am…
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Bank Account Confusion
Hello, my brother is looking to become bankrupt but we're a little bit confused about how to manage the bank account situation. He has a current account with Natwest which has a fully utilised £2000 overdraft which his salary gets paid into. He also has a Basic Co-op Account with £50 in it. When he takes the step should he…
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Is Bankruptcy right for me?
I am retired with an occupational pension. I am in receipt
of Industrial Injuries benefit and Carer’s allowance. My wife, a wheelchair user, receives PIP and ESA
(contribution based) but will receive her state pension in 2024. I will not receive my state pension until 2028. So far, we have not missed any payments. We do…
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Old debts prior to bankruptcy made new
Hi all. Bit of background...when my Dad passed away it was found in his Will (made in 2007) that I, but not my 2 brothers, should repay any money out of my inheritance (a third of his half of the house). My youngest brother is an accountant and is executor for my Dad's Will as well as my Mum's and is financial LPA should…
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Self employed bankruptcy
Good afternoon all, I was looking for some advice, my wife is staring down the barrel of bankruptcy. She is self employed approx 10k net with a 12.5k gross. And currently averaging at around 900 take home this year. Her "books" have always just been done using the bank statements, filtering out expenses etc as she is a…
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Workplace savings
Hi all, Quick question. I am entrolled on my company share and savings scheme. Currently £30 per month auto deducted from my wages. Would bankruptcy put a stock to this? TIA
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HMRC Tax refund issue
I have been issued a £125 tax refund which I can claim online within 21 days of 5th July. As yet I've not claimed it and I'll wait until 21st July to check then if its still saying I can claim it. I'm bankrupt but now very, very close to discharge, I'm now under the 21 day maximum notice period to tell official receiver of…
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New to Bankruptcy. What’s next?
Divorce after 22 years later where no assets were involved and my ex took around £37 k loans in my name, I applied for bankruptcy at the start of this month and was granted on 5th of June. Since then I received a few emails, which I replied promptly. I never received a phone call and no documents being asked so far.…
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Overtime/salary
I am finally going to be apying for bankruptcy next month or September. I have recently been doing overtime to stay afloat and manage unexpected expenses etc. With a change in my circumstances with my child I will no longer be able to any overtime so my next 2 payslips will be my basic salary. How will this work for…
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Joint loan still causing problems
I went bankrupt in early 2020 as my ex had left me with a lot of debt in my name and we had a joint unsecured loan which was a consolidation of his debt before we met. This is still on my credit file which was an annoyance as it made it look like I had a lot of credit however as it was being paid by my ex it didn't really…
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Is this debt included in my old bankruptcy?
Hello. I've had a search around and couldn't see the answer so I hope you don't mind Ive asked a question. Sorry if it's been asked before. I am 54 and I was declared bankrupt in 2017. I am disabled (MS, COPD, stage 2 respetory failur) and my partner at the time who, without me knowing, took out two 30k loans in my name.…
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Pros and Cons
Hi I wonder if those with experience of this situation could provide some information please? Thanks in advance When it comes to bankruptcy, does it matter whether you do it yourself, and or let a creditor make you bankrupt? If you apply for bankruptcy and end up becoming homeless, what that be seen to be "Intentional…
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MIB - Bankruptcy Claim
I was involved in a personal injury case whilst uninsured unfortunately - the case went to court and the driver was awarded a sim of money from the MIB. Subsequently they have now passed the debt to Weightmans solicitors who are acting on their behalf. I was made bankrupt in June 2018. The actual personal injury itself…
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Public Liability Insurance
Hi, I had a DRO which discharged in December 22. I am now finding it imposible to get public liability insurance for my new handyman business. Obviously I don't want to be ripped off by a charlatan outfit. Any advice?
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the advert on Face book
an advert on face book saying you say Brit con as a money making investment is that a scam
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Cant get bank account
wonder if anyone else has similar experience. I was discharged from bankruptcy November 2022. Not much else on my credit file since then. Want to apply for new bank account with more features and looked online for 'bad credit digital banks' Applied for Starling got turned down. Then tried Monzo who state clearly for bad…
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IVA or remortgage?
Bit of a complicated situation I have, and one I could really benefit from getting some advice on... I've been living with unsecured personal debt for as long as I can remember. Currently 1 personal loan that was initially taken for debt consolidation, 2 credit cards, 1 loan for a new boiler, 1 loan for a new kitchen and a…
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Simple Assessment Letter
Hi guys Today I have recieved a Letter from the HMRC stating I have not paid tax during my bankruptcy. But, my understanding was my tax was paid to the Bankruptcy? What's are my options? I've sent an email off to the people I'm paying my IPA to as I can't find contact details for my bankruptcy. I was discharged April 2022…
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IP taken over as trustee
Hello all, This is my first post so please forgive me if I waffle. I was declared bankrupt back in November 2022. Had interview with OR and IPA assessment with no IPA set. My case was then taken over ant the end of January by an IP due to my name being associated with my husbands business that is in liquidation. He has…