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What is better for me - IVA or BR?
Hello I am a 24 year old single guy earning around 26k per year I got into quite a bit of debt over the past 4 years since moving out of my parents and now I am struggling to pay it off I owe around 26-27k today 15k is bad debt with collection agencies and the other 11-12k is a loan with the bank and Credit card. Whilst I…
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bankruptcy re repossion
Hi again all another question which has prob been answered b4 so sorry if its old ground for you if and when i go BR but stay in mortgaged house how long roughly will it be b4 they repossess and evict us the reason 4 this question is that once i have saved up for us both 2 go BR i then have to save 6 months advanced rent…
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Any advice Welcome
Hi, this is my first post but I have been lurking for quite some time. OK, Here's my story My husband and myself found ourselves in financial difficulty back in 2006, we went bankrupt in June 2007 as we were advised by CAB this was the best thing to do. In December 2006 we had a CO placed on our home by NR this was for a…
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what 2 do? bankruptcy
Hi all. new 2 this 2day i have been reading this site for a couple of days now and spent a lot of hours reading basically we r in deep s*** spoke to cab cccs and debt advice people all have said bankruptcy except cccs who advised iva but this doesnt seem viable in the others view we have 86000 mortgage (equity of about…
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it's my anniversary today!
hello everyone, i have just realised that today is the 24th of October and i have now reached the end of my 6 years having bankruptcy on my credit file! :j i will be getting an updated credit report in a week or two just to be sure its gone!! i didnt have the boards here when i went bankrupt but i do so wish i did as the…
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BR scotland
wheres the best place to start looking for info on going BR in scotland?
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how long to force a repo ?
My OR has given me a choice to remain in the house until it is sold as long as i agree to vol put it on the market next year. if i dont does anyone know how long it will take them to get a court hearing to force a repo/evict me there are no arrears yet with mortgage? regards out of cash
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Discharged bankrupt - way round setting up business bank a/c?
I am a discharged bankrupt (now 6 months from discharge) and was turned down by NatWest recently for a business bank account. I understand they may be the only bank that opens account for those with poor credit histories but was refused because I had been discharged for less than a year. Unless someone knows better...... I…
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Car and BR...
Guys, Just looking for a bit of assistance with this one... Over the summer I was declared sequestrated (BR in Scotland). I had my meeting, and due to circumstances, agreed to pay £35 a month from my very basic self employment income. My only assets at the time were: 1- My oldish Transit Van (5q plate with 167000 miles on…
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O2 Contract - BR and need to split account
Hi pips, Need a bit of advice here. I am now sequestrated (BR in Scotland). I have an account with O2, which is paid monthly. They have never questioned the account. On the account, I have three separate phones, one for me, on for my ex and one for our son. All three are contracted until the summer next year. Due to our…
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ebay and the or
i am thinking of opening an ebay account to sell stuff we dont need anymore i have been told that you need to open apaypal account for the money to be paid into and that i can then use the money in the account to buy stuff [kids clothes mainly]. my question is do we need to inform the or about it and would we get one of…
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Question re SOA
Morning all and happy Saturday :j I petitioned for bankruptcy on Thursday and obviously listed all my credit debts. I've just realised that I didn't include 2 mobile phone accounts. I'd like to get rid of them and go for PAYG. Is it too late to do anything about it now or am I better just to contact the phone companies.…
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Tax rebate
Can anyone help. I was declared bankrupt in september 2009 then discharged early in June 2010. I have filed my self assements for the past 5 years in June 2010. Although I work for a company I have claimed for all my business miles as my employer pays me 10p per mile so I claimed the difference. HMRC have sent a cheque for…
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Bankruptcy question
If I go bankrupt will my bank statements be examined and every debit/credit be questioned? And also, how many years bank statments will I have to provide/they will need to go through?
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Bankruptcy and self employment.
I am self employed and will need to file for bankruptcy, but wish to carry on trading. I do not have a personal account. I have a business account as a sole trader and a joint account (Coop Cash Minder) with my wife. I need to know what will happen to my accounts when they are frozen, how I can get paid by my clients -…
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Childcare vouchers and the 0 tax code
Hi, Has anyone gone BR while received childcare vouchers through their work? I only just found out that your tax code goes to zero after br and childcare vouchers are a tax efficient saving, basically you pay £170 from your salary and get back £243 childcare voucher cause you don't pay tax on the £170 amount. does anyone…
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forgot to disclose something
myself and my husband were made BR in March. We had our 6 month follow up questionairre through and it asked if we had had any 1 off payments eg. work bonus, inheritance etc. I automatically ticked no. I remembered this morning whilst number crunching that we received a refund of £200 from Scottish Hydro as we had too much…
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do I need to advise the OR?
i've been told at work today that we are getting a pay rise in jan, but mine is going to be pretty much wiped out by a slight descrease in my hours. ive worked it out and after deductions my salary will probably only be an extra 40p a month. do i need to bother advising the OR for such a small increase?
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attachement to earnings
hope I have posted in the right forum. about 7 years ago I got myself in a lot of money trouble, I had to sell my house and move back in with my parents, I debts just ignored until I got an attachment to earnings on a couple of them paid these for about 3 years, and made arrangements with the other smaller debts and paid…
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Post BR - Question on form re. 'Are you insolvent?'
Hi everyone. I haven't posted for a while. Went BR in May - one of the hardest but best things I ever did. Thanks again to this forum. I even got early discharge this week - just over 5 months - couldn't believe it! I still work part-time and run a small business as well, so I'm managing to live. I have been offered a…
