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IVA Failure - what next?
Due to a change in circumstances my family will need to move house in the near future. We plan to rent out the current property as it is in negative equity and rent elsewhere (albeit at a higher cost) as we need to be near London. The result of this change will mean that we will no longer have any surplus income at all so…
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Anyone been theatened with a "Field Officer?"
Quick recap is that i am going to let my house get repossessed then going for Bankruptcy, i had to stop paying my IVA and the creditors have just been informed recently so i am expecting plenty of calls and letters. I got a letter from the bank that i have my mortgage with and they are now threatening to send out a field…
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tax credit lump sum
Hi I went bankrupt on the 25th of jan this year. I have just received the final bank statement from the halifax which was overdrawn and part of my debts. There was a payment from the working tax credit made on the 11th of feb of this year. This was a back dated payment from the last few years. I had not updated the tax…
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Head Out the Sand, and Looking to a New Start
Hi all, Further to my post in the Welcome thread, here is my situation in a bit more detail. * Married (separated) * 5 year old son (wife & I agreed 50/50 time with him, though this is more like 70/30 with me as there are a lot of "could you have him..." cases from her) * Mortaged House - Valued @ £150-160k (on market…
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ooops!
Hi Everyone, I was declared br in June 09 and received ED early Dec 09. My careeer history is banking and mortgages and despite looking for a job outside of banking for almost a year I have had no joy in anything customer service or sales related despite having loads of experience and the salaries being way less than I…
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Collection Agencies
We went bankrupt at the end of march and today we have a lot of letter off different collection agencies for all of our accounts with Lloyds TSB and also a Voluntary repossession letter of C&G. Should i contact the agencies and tell them were BR or leave it? Also am i right in thinking i should just leave the C&G letter as…
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bankruptcy here and in France
Hi My daughter and her husband bought a property on a mortgage in France a few years ago in which they lived but then was subsequently diagnosed with MS and moved back to the UK. They are currently living in rented property in the UK with a fair amount of debt left back in France. Their income here is quite low and they…
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Renting In Bankruptcy
Hello Everyone, Please could i ask a few question about renting in bankruptcy. I am due to go bankrupt in the next few week as i owe 22k and due to me losing my job i have fallen behind payments and have started a job which is a trainee job and pays only 10k for the next 12 months. There is a bit of commission around £350…
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Maths question
Wonder if you can help... Following advice from business debtline we can either go BR or to at least try to continue the IVA route that we are currently on. So I am thinking figures today, and would appreciate your thoughts. Can you help make sense of these figures? Here's the figures: Currrent Debt: IVA £90K Repossession…
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Help please - rules on cars
Hi guys, I'm starting to get really worried about going br, not so much for me but how it's going to impact my partner. At the moment we have 2 cars on finance, both finances in his name but one car registered to me. We have a 70 mile commute everyday so need a reliable car. I appreciate we can get by on one car so one of…
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New Bassic Account pre Bankruptct
Hi All. I am going BR this month and have a quick question. I have read conflicting vies on opening opening a new account. Can this be done before BR or not?? Thanks
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After the 6 years?
I really wish I’d found this board when I was going through my BR 4 years ago as the non-judgemental support and help people are given is fantastic, but sadly I didn’t and I ‘suffered’ those dark shameful days on my own... ....but I did discover you all 18 months ago, and in that time based on the advice I’ve found here,…
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Release of Trustee
;)Please could someone help me with my query, I am about six weeks away from AD. I read on a few threads that people had recieved a letter from there OR saying they had applied to be released as Trustees. I have not recieved a letter like this yet. My case was put to RTLU quite a few months ago. I have had no communication…
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Coming clean, reality check - my way to BR
Been on those forums for a while now but normally sitting in the Pets section. 2 letters came late last week that toppled the scale for me. The current situation: Myself, 1 large dog (GS) and 4 cats in a 2 bed council flat. Since 1st December I get full HB and CTB and £65 per week contribution based JSA. My normal bills…
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change of circumstances a month into BR....
Hi! After going BR a month ago my son has now found out he is losing his job...i only work 17 hrs a week and his weekly contribution has paid the difference in our rent and housing benefit, we now can't afford to stay in our home! Just when you think things are getting less stressful! He is desperately looking for another…
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Savings
Hi I'm almost certainly going to file for bankruptcy in the next few weeks, but I have a question (Probably won't be the last either!) Over the last few months I've been able to save a couple of hundred pounds in my savings account for the purpose of buying a pram, cot etc before the baby arrives in the summer. What will…
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What will the OR say to spending credit on education pre-BR?
I am due to go bankrupt when my remaining credit runs out, I have about £3000 left on a credit card. My only concern is what will the OR say if there is a cheque for £2000 paid out shortly before my BR application that paid for a training course? I read something about a BRO if you gamble/waste/take out a loan right before…
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Court fees have gone up
Court fees have gone up I rang the court today, they advised me it is £625 each to go BR. Court fees have gone up last week to £175 + £450 towards the OR costs. For info, not seen this elsewhere. Insolvency site still says £150 court fees.
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Windfall
Iv'e not had one but was wondering what amount was classed as a windfall. If someone gives you £50 for your birthday for eg. is this a windfall that has to be given to your IVA/BR if not what is the highest amount not classed. On the other hand if someone was to give you £2000 to 'help you out' no doubt this would. SB
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Unwanted BR
A DCA is wanting to make me BR for around £3500. After a load of emails between me and their Solicitors asking for a settlement figure before the court hearing, they have sent me an email demanding the full amount plus around £1500 costs. Question is can they do this. Ihad begged ,borrowed, and used all my savings to pay…
