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Business Loan Question
If somone took out a business loan (but lied about the amount of money the company was turning over in order to get a loan), where would they stand in bankrupcty? Would they be done for fraud?
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Bankruptcy form question - joint debts
Hi all, My former business partner and are jointly liable under personal guarantees for debts of 40k. I've been sent letters from the creditors for the full amounts. My business partner intend to go bankrupt to at which point I'm 100% liable for the debts if he goes BR before me. On the BR forms do I put down my 50% of the…
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Is it ok to simply close my bank accounts before going bankrupt?
I'm planning on going bankrupt very soon and what I'm wondering is if I'm as well to just close my two bank accounts before I do? Just to explain....neither of these bank accounts is a creditor and I don't have any overdraft with them either. One account is some kind of savings account I took out donkey's years ago and is…
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sequestration in scotland
Hi there, I'm in a lot of debt and was wondering if sequestration was the way to go for me. I live with parents and have no assets. Would anyone try to seize anything my parents own? Once sequestrated, will my wages be arrested until I pay off my debt? Thanks in advance.
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rental agreement
does anyone know when it comes to renewing our rental agreement for our house do you still have to do a credit check or is it an automatic renwal
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SOA Help please
Hi we have just got our forms for going bankrupt today and had a brief look at them and just wondered if theres anyone who can advise how much the receivers allow for 2 adults and 5 kids, regarding groceries etc. Any help would be appreciated thanks xx
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car crash/loss of earnings
Hi There, I haven't been on for a while - seems like lots of bad luck going on at the moment! Someone drove into the back of my Husband's car last week (he's a driving instructor) whilst I was driving with my baby in it. All ok except car gone into the garage for repairs etc. Anyway long story short hire car company cant…
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Bailiff charges
Can sombody help me please. I am in dispute with my local council and their employed bailiff who have stated that I owe charges for visits that they have not made and a vehicle that they should not have levied on (as it was not mine. I do not know who it belongs to). I have tried to contact herbie21 after reading some of…
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IPA help :(
I was declared bankrupt on 20th of August using the LILA bankruptcy in Scotland.. I had a phone interview today to discuss my income and expenditure and this has really thrown me so Im hoping you can maybe answer some questions for me please?? I had been advised by citizens advice that by going down the LILA route i would…
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Might be a silly question
I have been thinking regarding the 6 years BR on your credit file, is it 6 years for the date of BR or 6 years form discharge? Only if it is 6 years from discharge that would be 7 years in total
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Problems with my car.
Hi guys a quick question if anyone can please help. My car is on its last legs and I have a bad feeling that its just about dead. I'm about to declare bankruptcy in the next month, I've saved up the fees and am now just waiting on my letter from my IVA company saying that the IVA failed. My question is, would the OR take a…
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Family Member Made Bankrupt - No Contact 11 Months Later
A close family member was made bust in November last year for a large amount of money (Scottish courts) Due to their age and assets involved my Lawyer filled out all documentation sent by his trustee as soon as it arrived. He contacted us and told us that the trustee had lost all the info but luckly he had copies which he…
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House in negative equity!
Hiya, Just got back from a few days at the inlaws and there was a letter waiting on the mat from the OR confirming we can buy back our BI for £1 (plus the £211)!!!! Am absolutely over the moon, I only sent the valuations last week so was expecting to wait a fair while. Just have to find that money somewhere but am thrilled…
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getting a car loan when discharged...
Just to double check that the chance of getting a loan for a car after discharge (not homeowner and discharged less than a year) is impossible? OH just been offered a job on much better salary with a car allowance but we have no means to buy the car..... any thoughts/ideas? he would need the car to do the job... company…
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Bankrupcy contribution question help..... (SOA now included)
Good afternoon all, just joined so please be gentle!! I think I am going down the bankrupcy route-I am just swamped and after advice from various organisations, its the best available plan for me. One question I do have is how much does the officer take from your wages? Basically I take home £1800 a month, and my "must"…
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First step to becoming bankrupt? How 2?
Deep in debt, job seeking... How do i become bankraupt, where do i begin? Is it just a case of ringing the county court to begin? Anyone with experience please advise the process TY
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Utility Bill Before BR
Just a quick question, with BR pending within 2 weeks, I have my latest bill from Severn Trent Water that is now due for £114. Can I include that in the BR (to help me towards finding the BR fees), and if I do, what would the implications be (if any) of not paying the bill. Are utility bills any different to any other…
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advice on NR letter- post BR
Hey all, Just a quick one here... Went Br in July, did not give our debtors (except mtg) our forwarding address. Just had letter from NR (was a secured loan) asking us to call within 48 hrs, also states outstanding debt (this has been incl in the BR). Says 'there is matter that needs clarifying' Dont really wan tto call as…
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HELP I think I have made a booboo....
Hello I have been Br for nearly three months now I had a HBOS current account which had an online facility. This morning out of curiosity (The one that killed the cat) I logged into said account. I somehow managed to access my old account it appears to still be active I then realised perhaps I was in the middle of…
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Bancrupt and still paying TAX ?
Hi, My partner went BR back in July... She works 30 hours per week and gets that working tax credit.... She has no disposable income, so theres no IPA... We both read in the notes that when you become BR, you dont pay any tax for 1 year of being BR... Well, she is still paying tax at the moment, can anyone shed any light…
