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BR and Car insurance claim?
Hi As you can see from another thread I am lookign at going bankrupt. I currently have a car accident personal claim taking place. If i get awarded it is expected to be about £2500 - If i win the claim. My other car ( worth about £4500) was written off. After paying off the hp I was left with £900 to buy another car ( £500…
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Advice please from former Bankrupts
Evening All Due to a change in personal circumstances, my OH really does not want me to go bankrupt, even though I have debts of around £30,000, no real way of paying them off and being called about 20 times a day. He is worried about the effects it will have on us getting a mortgage etc in the future. I am looking at…
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dad going bankrupt
spoke to my dad earlier and he is talking about becoming bankrupt after struggling with debts for years, he is hoping that the council will make him bankrupt and get it over and done with, i suggested that if they wouldn't do it then i will give him the money (which he doesn't have) to declare himself, now, i am a bit…
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Income Payment agreement - quick question
We've had letters from the OR saying that they've prepared an IPA. The details are that while we're on a nil tax code we pay the money that would have been paid in tax over to the OR as a contribution to our creditors. Is this normal? I thought an IPA meant that we would pay a proportion of our disposable income after…
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Arrogant BIL not paying IVA
Hi I need a bit of advice re not paying IVA's. The partner of a family member (aged 23) has got debts of around £30k. He has a good job (going for promotion at work, potential salary £35K), and is choosing not to pay off IVA, am I right in thinking that because the he is choosing not to pay his debts that he could be…
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debt collecting
hello my partners mum recently had a phone call from a man who wanted to know the details of our address(my partner has an unusual surname and hers is the only name in the local book this person has rang few times got his phone number rang him up and he said it,s about adebt hailfax/link from 1997 said you can,t trace debt…
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HELP!-BR hopefully this week advice needed!
I had my lightbulb moment in May this year and realise there is no way I can struggle with my debt any longer. I have a business that was just closed down last week and another business that is struggling but should pick up early next year. The struggling business (B1)I had first and was doing really well in 2004 & 2005 so…
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On the verge...
Hi everyone I have been reading through this forum and just have some questions I am on the verge of taking the plunge and taking bankruptcy I owe about 30k to IR and about 130k business and personal debts. I have house valued 180k with mortgage and secured loan up to around 170k so very little equity after a sale - i have…
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Does OR use credit agencies
Does the offical reciever obtain information from credit agencies in order to build up a profile about you? The reason I ask. I have a current account which has regulry deposits in it, from the past, but I cant account for these monies, as yet. The truth is that I have been getting money from work that I have done abroad,…
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Where's my early discharge??
Hi all OH and i went BR in April with similar debts on the same day. All our paperwork has come through at the same time but OH got his early discharge letter yesterday but mine's nowhere in sight! How long are the BR notices in court for waiting to be finalised? Are they done on a daily basis? Or are they dealt with on a…
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Confused about ED
I went BR in April 07 and at the beg of November I received letter saying I had been discharged, as well as receiving this letter I had just started a part time so I rang my OR and she said I dont need to fill in a IPC as Im discharged but i have never completed one of these even before discharged ??? I have not worked for…
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Discharged
I have recently been discharged from br. Even tho i have been discharged, am i likely to find it difficult to obtain credit again? what happens if i want to get a mortgage will the prove difficult? please someone put my mind at ease lol.
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bank accounts for discharged?
Ive been discharged from bankruptcy on 16th Nov 2007. Is the list of undischarged accounts the same for discharged? Ive had a form stating that im discharged but what exactly does that mean? Is the slate as it were wiped clean? Obviously if i won the lottery tomorrow i expect id have to pay monies back? Anyone help? Cheers…
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Solictors Letters
Hi, I've just received a solicitor's letter from solicitors acting on behalf of one my creditors. Should I reply to the letter informing their solicitors I am bankrupt. Or should I just forward the letter straight to the OR?
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I've married a bankrupt - what problems will this cause us?
My husband was discharged last year (if not already in 2004). I have no problems with his passed but want to know if it will affect us in any way. I have bought a new house and we are moving. Can I put things in both names or do I need to keep everything in my married name alone? Will it cause us any problems? I have a…
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Is Bankruptcy my only answer?
Just like to take this time to say Hi and say what a great website this is, before boring you all with my story. Ok here it goes! After making my first step onto the property ladder with the purchase of a 125k apartment @ 20 with a great job earning in excess of 30k a year life didn’t seem to have any mountains to climb. 5…
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No Discharge notice
Hi I went BR in May 06 - I'm in an IPA with a company that the OR chose. I'm in this IPA for 3 years. Going by the normal 1 year rule I should have been discharged in May 07 and I've done a search on myself on the insolvency website and my details show me as being discharged from May 07 but I have never had any letter or…
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Discharge Certificate
Sorry if this has been asked and answered somewhere else - I couldn't find anything. I have been discharged since July 2006 but haven't paid the £60 for the official court certificate to show that. I am desperate to get a better bank acct but my credit report doesn't show that I am discharged so there is little hope of…
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Where Do I Start?
I dont quite know where to begin but here goes. Approx 7 years ago, my husband bought a black cab to drive as a taxi. All went well for a few years until he ran into debt(wasnt making enough money etc) To cut a long story short, it was reposessed and the vehicle was sold for alot less. Hence he was asked to make up the…
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COMPLETELY STRESSED OUT - Parents may lose rented property :(
Hi, I filed for bankruptcy two days ago after having undergone a year and a half of not being able to meet repayments, final demand letters etc etc ... I took advice from CAB and CCCS on it, and they assured me it was the right thing for myself to do .... Now at the time I thought that I had no assets ... when I was a…
