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Debt advice needed please
Hi... I wonder if you might be able to give me the benefit of your advice please? I have serious credit card debt problems which have been building up over a number of years - and reached crisis point three months ago when I was no longer able to make even the minumum payments. With debts of 80K, a house in negative equity…
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Decision Time
Hi All, I have been lurking for the past day or so reading all the helpful threads and kind words that are here. Now I feel its time I made a decision to sort my problems out. I have debts of just 25K. Recently my IVA failed as the payments were too high for me to cope with while also paying my rent ( IVA payments were…
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Managed to get a business account post BR with Barclays :-)
Hi all, Just wanted to share some good news re opening a business account post BR which was previously thought nigh on impossible. I had a meeting with someone at Barclays a couple of weeks ago with regards to opening a limited company account and mentioned that I had previously been bankrupt - she said it would have to go…
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Credit File
Hi all, Is there any info on here relating to cleaning up your credit file after BR? I.E. Letter templates etc - I would like to clear up all my defaults - especially with HSBC!!
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Bank account
I was awarded bankruptcy on 21st September I have an account with RBS so far my account has not been frozen is it certain that my account will eventually be frozen and how long after bankruptcy before a bank to takes action.
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Is it possible to be turned down?
Hi, So the stage were at is we have filled all forms out and will be ringing the court today for an appointment to file for BR. After filling out our budget (SOA) we will be left with a surplus or around £600 per month which seems quite a lot. I understand the OR will want to take some of this monthly, thats not a problem.…
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decided to take the plunge
hi all thanks for advice and pointers given, after weighing it all up and guided by cab and your invaluable advice we have decided that BR it the best solution to give us back some kind of life. now all we gotta do is get the money together and get the ball rolling THANKS AGAIN EVERYONE
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Help needed just had a visit from the Bailiff!
Hia we are just in the process of the start of bankrupcy weve filled forms in regarding income/expenditure with the CAB and they are trawlling through it. The only option for us is bankrupcy as my hubby only works 16 hours and we have 5 kids in the house so we are on benefits. When my hubby was working full time we had…
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Bankruptcy for one debt in Scotland........
Hi Everyone, I am writing this on behalf of my mum who lives in Dundee Scotland. My mum has recently retired. She had a loan and still owes £12,000 to Lloyds TSB. At present she is paying £310 a mth. However as she is not working anymore she has asked the bank to reduce the payments as she will only get her pension now.…
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groceries on soa (updated with soa)
Hi, After some advice on groceries for an adult and 2 children to put on my soa - what will I be allowed? Recently we have been scrimping week to week on the bare minimum but as I am going bankrupt I would like to put a sustainable amount. Thanks L
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Just got date for hearing need some advice
Well finally done it filled out my forms over the weekend and rang the court today and my hearing is on the 10th November. The query i have is i bank at barclays who i owe nothing too. I went in to see them today and explained my pending situation. They were so helpful, they have advised me to open my new basic cash card…
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Credit File Clean Up
Why does the letter have this line? I thought the whole point was to have the defaults taken off? • It is requested that if you intend to default the account, the default entry must be <Date if your bankruptcy>, in accordance with the Data Protection Act. Thanks
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Can I be refused br?
My oh and i are in courrt on friday, spending most of our time this week filling in forms. Can anyone tell me, have they, or do they know of anyone who has been refused br?? very nervous and worried that now we have made the decision it will be refused and taken out of our hands! Thanks
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Buying a property when bankrupt?
I was made bankrupt because of having joint accounts (unpaid credit cards/loans) with my ex-husband nearly four years ago. My ex kept the house and he lives in the property and pays the mortgage but my name still appears on the mortgage account. I asked him to transfer the property to his name only (he is not willing to…
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Bankruptcy Fees
Anyone know how much the fees are for going bankrupt in Scotland? I don't mean the £100, I mean the fees it costs to process the bankruptcy. I'm so unhappy being bankrupt. I really want to get out of mine and just wondering how much would be added to my debt. So I can get a figure to aim towards.
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iva forum
I've been thinking about an IVA and I logged on to IVA debt forum, I thought that it may give me some balanced views. It seemed to just promote IVAs for a person called Melanie Giles and a few others. Now we all know the power of the internet but to trawl for business in this way seems to be a bit below the belt. I noted…
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Buying hubby's beneficial interest
Good morning all, My hubby was made bankrupt in August, everything is very quiet and we are mostly getting on with our lives. He could keep his car as it was on finance and both the finance company and OR agreed to this as the value of the car was less than the outstanding balance. We have received a letter from the…
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wages & BR
Hi all, i've established from you helpful people that i need to take an average of my wages from when i started my job in March to put on the SOA as my wages change each moth slightly due to overtime. What happens when i get bonuses and extra overtime each month once i'm BR? do i have to inform them each month of my wage…
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soa does this look right?
Statement of Affairs & Personal Balance Sheet Summary Monthly Budget Summary Amount(£) Total monthly income 1,795 Monthly expenses (incl. HP & secured loans) 1,778 Available for debt repayments 17 UNsecured debt repayments 818 Amount short for making debt repayments -801 Personal Balance Sheet Summary Amount(£) Total…
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Accepted for Credit Card Today
Hi I went BR in Nov 2008 and dischaged in Nov 2009, I applied for a Vanquish card and have been accepted not that I will use it, I havn't checked my credit report to see if all my creditors are showing as settled or what ever term they use, I didn't see the need to but does that mean that I now have an average credit score…
