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paying tax when bankrupt?
Okay this might be a dumb question so apologies if it is :) I went bankrupt in March 10 due to a failed buisness, I was self employed. I had a baby in March also and returned to work in oct this year self employed again but completely different buisness. For the tax year 09-10 do I pay tax? I am still expecting to get a…
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Advice?
Hello, I was hoping someone may be able to offer some initial advice. A relative of mine has told us about some issues she has had over the last year. The short version of all this is as follows: Debts £7k-£8k No income. No assets. Due to mental health concerns she may not be in a posiiton to look for work for the near…
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Going BR in Scotland in Jan 2010
Good morning all, After burying my head in the sand for so long,ive decided to declare myself BR and after all my research about it,its the only way forward for me if i want to get a mortgage in the near future. Currently,im a full time student studying for the next four years (started in Sept 2010),with a debt of…
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Bankruptcy - milestones and timescales
Thanks for the replies... Not sure whether the protocol is to open a new thread but wanted to bring this to the top again I have found that getting to talk to the bank (about either the business or personal debt) is way harder than anyone would believe... I will be talking to them (or trying to)next week, but I am…
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Welcome,welcome,welcome 2011
As the title says, welcome to this forum. The new year often brings the realisation of financial troubles and is often a time when people come looking for help. As the stats bare out, this board often has a number of "viewers" who are looking for information, but find it hard to commit themselves to making a post.…
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Another bankruptcy/house question!
Hi again! Have just read through the new rules and now even more confused than ever! In my situation, bankruptcy order 15 December 2010, property worth around 80k, outstanding secured lending of 91k, property in joint names and neither party (due to relationship split) living in the house. Mortgage a month behind and…
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Happy Christmas!
Hello all! Hope everyone had a good Christmas? I just wanted to come on here to tell everyone I got a letter last week, I've got early discharge from my bankruptcy in May! Am very happy. Have had a cheaper Christmas than usual but feel great. My husband, my children and I were all very happy. The new year brings a new…
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Bankruptcy
Merry Xmas all, My business recently ceased trading due to the collapse of a supplier the global economic downturn (Greece) and lack of support from our bank (after 10 years) The bank have now told me that I am personally liable for £25k under a directors guarantee I signed in 2003. I do not have this. My options are to…
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HAPPY Christmas All !!!!
Wishing everyone out there a happier Christmas than maybe past years have been. Thanks to everyone...Contributors, lurkers, all in need of help and advice (all of us at one time or another), even I suppose you trolls! (As it's Christmas). ESPECIALLY best wishes to those of you who are at the early stages of making your…
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2nd debt free Christmas :)
Hi everyone and Merry Christmas, Well here I am cooking the dinner with laptop in hand and realised its nearly 2 whole years since discharge! 1 year to go and I will be free from the IPA. Just a little message to say that time really flies, and it only seems like yesterday I was sitting in the court with my 500 quid and…
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merry christmas
Wishing all of my friends here a very Merry Christmas and a stress free 2011. With love and blessings to you all Lili xxxxx
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i wish you a merry xmas
everyone:beer::beer::beer::beer:
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Merry Xmas everyone
I hope this forum (+ DFW & MSE as a whole) has helped people somewhat this year. :xmassign: All the best for the next. Cheers.
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Merry Christmas
Merry Xmas everybody, hope you all have a good one:) Thanks to everyone who has helped me this past 12 months, it has been really appreciated:T To all the regulars on here and to ones who are absent:( I would like to say a very special thank you and send you and your families very good wishes:) Dojo and family Got to go,…
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IPA letter and consequences
I made myself bankrupt in late November this year, and have today received a letter telling me I need to pay £70 pcm for three years. Anybody knows what happens when I miss payments, which is more than likely, thats why I became bankrupt in the first place... trying to keep up with spiralling costs etc. So when my car…
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Happy Christmas
just wanted to say Happy Christmas and thanks to all the people on here who helped me this year. Its been a tough year for me but the help and advice I have had from people on this forum have helped me to see that br is not the end of the world. It was not an easy choice for me to make, but it was my only choice in the end…
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IPOQ for ED recieved
I just got these forms yesterday. Talking about early discharge ect. I have been asked to fill out the income/expenditure form. AGRRRRRR. The bad thing about the whole thing is that I am now working part time (25 hrs/week) with take home of £185 a week. I am seriously considering about deliberatly getting myself sacked. I…
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Help & Advise please
I am posting this on behalf of a good friend, so I do not know all of the details however I will provide as much as I can. He owns a small Pub and provides a few rooms B&B. Over the past few years business has gone downhill due to the recession and a failed business venture (which involved a loan secured on the property,…
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The january 2011 br club.
Hi everyone, welcome to the January 2011 Bankruptcy Club. This club is for everyone who has gone through the process of Bankruptcy during January 2011. So please feel free to join and post. Pop your name on here, the date that you went Bankrupt and the stage that you are at now in your Bankruptcy. And then just keep…
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Mortgage Shortfall Post BR
Hopefully someone may be able to answer this question, It is related to a couple of threads going on at the moment. My OH was recently AD, our home is in significant negative equity (we can, at the moment afford the mortgage due to the low interest rates.). He was offered to buy back the BI for £1+ fees but we did not have…
