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DMP vrs IVA?
Well I phoned CCS and thery told me to ring the insolvancey service, cripes my spelling is crap! explained incomings and outgoings to them today and they told me I have 2 options, stay with payplan dmp @ £150 per month or to do an IVA @ £63 a month? seems strange to me... So any helpful information on IVA's would be good,…
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light relief ! fun question
Had lots of smiles on my face today - so i thought that i would share it with all of you lovely people. :D :D :D :D :D :D :D :D :D I have been listening through my old record collection - apart from giving my age away - found an old Bay City Rollers LP :j he he :rotfl: :rotfl: of course had to play it, so was dancing…
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Six months in...what happens next?
Hi everyone, half the course will be completed on Thursday. I haven't had any real contact with the OR during this time. I had the usual forms to fill in concerning the declaration of changing circumstances etc. but have had no news concerning the (old) car I own but am not bothered by that. It's off the road at the mo…
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BR tomorrow !
Dear All I go to court tomorrow to petition for BR. There is lots of useful information on here. I'd appreciate some advice on a couple of things. I petition for BR tomorrow 17th and get paid 28th. My account is with nationwide and has never been in debt and is a basic account with only a cash withdrawl account. Is there a…
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What would happen if................
Hi Folks. I have a general question to ask before I post my main query and hopefully someone will have a definitive answer. When submitting the forms for BR what would be the penalty if they were found to be incorrect at a later date? By this I mean not declaring any part time earnings to the OR at the time of filing the…
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Bankruptcy Help/Advice
I currently have around £24,000 worth of debts, I have two personal loans. One being with Northern Rock and the other being with Welcome Finance. Both loans are joint with an ex-partner and both companies are unwilling to split the loans. Because I have only two creditors an IVA is not possible. I do not really understand…
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Does anyone know the legal position on the taxman and bankruptcy.
Hi, I'm 5 months into my bankruptcy. I have just received a letter from the taxman saying that he has obtained information upon which he wants me to complete 4 years tax returns from 2003 to 2007. Included in the forms were capital gains forms. During those 4 years I renovated 3 houses. One was let out for 5 years, the…
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moral dilemma
Ok I have a moral dilemma, I have sold my business at a personal loss of over £30,000 and I have debts of around £50,000. After the sale I have around £5000. Do I keep this and try to pay of the mortgage for the next few months? Do I try to pay small amounts to all creditors to ease the issue? Or do I not spend any of the…
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Form filling help Step six
on step six of the online bankruptcy forms I have checked the radio button for Unemployed but in step 6.3 it wants your average monthly take home pay, is this where i put my benifits I receive. That would be my Incapacity Benefit and my Disability Living Allowance? or would i put 0 there and put the figure under benefits…
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Earnings between BR date and IPA/IPO
Lorum ipsum
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clearing up the credit files
hi have recently gathered the strength to get my credit file to see what it says and to my surprise it wasnt too bad. One of my debts has dissapeared completely thats NW credit card. I have looked at the rest and there are just 2 or 3 that have got the default date wrong, one is morgan stanley credit card but state…
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Bankrupt as of 10:59 am today!!
Well i am now BR very straight forward as well, Got to the court at 10:45am signed in at the desk and sat and waited, i was booked in for my hearing at 11am, at about 11:15 they came to get me and informed me that she had seen the judge and my BR was granted. i was then taken to her office and had my short phone call with…
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Court Date, 3 July - Eeeek! Edit - Help with SoA pleeeeease.....
Well, I have a date now. :eek::D I started my journey on this thread. http://forums.moneysavingexpert.com/showthread.html?t=931599 I was scared, a lost soul, didn't know where to turn at the beginning of that thread, which was only about 5 weeks ago, but here I am, forms filled in, Court date booked and ready. Well, sort…
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partnership debt
hi all, me and a business partner owe money. i have been singly made bankrupt cos of this , he has not been made br, is he liable for half of the partnership debt?? helpppppp ta
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free
i just seen my OR today he was a nice chap he let me keep my car . and I have to pay him £200 a month. this is the best feeling i have had for 5 years or more from today its a new start !!!!!!!!
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CTC payment after Bankruptcy
I'm eight month through my bankruptcy living with a partner and two kids. We have received a payment from the Tax Credit because we were underpaid during last financial year. the payment corresponds Child Tax credit and Workig Tax Credit for my partner. Do I need to mention this to the OR as gain? unsure any advice would…
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The car and the BR forms for Assets
Another question about the car, honestly Im worried Im going to loose it as ive mentioned before in other threads, but if im being honest on my forms the situation is like this: My partner (who is not going BC) doesnt drive, but her backpay for Incapacity Benefit bought the car for cash privatley, but its registered and…
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Mmmm. Car again!
I enquired after my car. Yes, some of you may call me daft as I had to stick my head above the parapet as I have not heard from them since my interview in March. So - I received this back: "With reference to your vehicle, as you do not legally own the vehicle, we cannot exempt it, and therefore it cannot vest in your…
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We took extra advice and ....
Hi A while ago I posted that we had gone to Payplan and they were very helpful. But when we did our sums it still wouldn't work because we have 2 very small businesses (one we live in) and these would have had to manage on their own. The reason we are in such a state is because 1 is leased and of course you have to pay…
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need to open a bank account today, who?
I need to open a seperate bank account with someone but i need the account number/sort code sorting as my pay goes in friday but if i put it in my current bank ill loose like 200quid as i went overdrawn. im going to add that bank as a creditor to my bankruptcy any suggestions? does barcleys?
