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Inheritance
Hi all, Just wondering if anyone has been allowed to keep any of their inheritance that they became entitled to during BR but didn't become aware of until after discharge. I know this has been discussed a lot at length lately, but just wondered if anyone with experience of this could comment? Eg. If you were left approx…
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Allowances / expenses in BR
Hi all, Does anyone know what the guidance is for allowances for food etc. I don't want to put the wrong thing. Is there a guidance document which shows all the maximums/guide levels? I'm a little worried about petrol as I drive over 100 miles at the weekend and 100 miles in the week to work and back. Public transport isnt…
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preparing for bankruptcy
due to my circunstances and advice sought, unfortunately, i am about to file for bankruptcy within the next few months, and want to make this big transition in my life as smooth as possible. i would be appreciative if anyone with experience or knowledge can provide answers to my questions 1-i currently have a basic bank…
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Finally got my date
Ok people, I apologise for my rant in my last post, I was just annoyed at some of the responces and after message of support I find myself back and I have good news, I have finally phoned and got my appointment it is the 9th May I didnt think it would be that quick, now im all nerves and Im still down, but thanks go to all…
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BR fees - JSA (contribution based)
Sorry, bit confused here perhaps someone can help? I am currently on contribution based JSA (since 1st December) - looking at the BR info it lists income based JSA as a reson for some of the fees being reduced (waived?) - what about contribution based JSA? How much would I have to pay to put in a BR application please?…
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Official Receiver release as trustee.
Hi all, I received a letter from my official receiver today saying she intended to apply to the secretary of business for release as trustee, but her letter doesn't tell me what this means exactly. I'm assuming it means that she has finished administration, and that her asking for release means I will be soon be moving…
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credit rating after bankruptcy
I was declared bankrupt at the beginning of 2005 but was discharged in November that year. I have had a Natwest step account for the past 4 years and my income is paid into this account regularly and all my direct debits are paid through it and I have always had a good balance in it. Natwest rang me last asking if I would…
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crises loan
Hi, If your'e declared bankrupt will a social fund crises load still have to be repaid?
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Inheritance
Looking at the 6.28 form, question 3.18 asks if you have any property or sums due to you under a will or trust. My Mum, who is in good health, has me named as one of the beneficiaries of her will, and one of my Uncles may well do too. Is the OR required to know this, or does it refer to assets that are due to be…
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When can the court refuse br?
Hi guys, I'm looking to go br in the next month or so but I'm getting worried about being refused br by the court. My debts are in the region of £100,000 (I was shocked when it was worked out at this) and the last time I spoke to csss they recommended an iva as I had £360-ish a month left over (that's not paying any of my…
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Life after bankruptcy?
Having failed to pay our IVA for 4 months, it is likely that bankruptcy is the best solution. In the last 3 months we have been unable to pay the garage bill, pay for our car (now repossessed), have had a house repossessed (rental investment and expecting huge shortfall bill), pay bills, nor buy food - the point where we…
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What happens at the end of an IPA?
Im finally coming up to the end of my 3 year IPA, what happens at the end? Do Moonbeaver send you a letter to confirm its ended or do you just make the last payment and thats it? I have a BRU for another 2 years i think, so not expecting anything from OR... Any help or experiences would be appreciated!
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tax rebate
we went bankrupt a week or so ago but are due a tax rebate, what would happen if i used this money without tellin the OR, to replace our car and to pay a big dentist bill (£900) for the wife, our car is falling apart and needs hundreds spendin on it. thanks
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RBS clueless?
just thought Id share my experience as Im about to be discharged. Id banked with Rbs for over 15 years and had numerous current, savings, business and isa accounts with them. For most of that time I had 6 figures invested and put much more through the accounts. Around 2005 I started suffering badly from panic attacks to…
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Salford Court
Hi Did anyone go BR at Salford Court? Just wondering if anyone would like to share how it went? Thanks J
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bank account not closed after bankruptcy
Im due to be discharged in the next week or so and prior to bankruptcy had accounts with nat west rbs and barclays. I had an excellent credit history and platinum cards with all. When I was made bankrupt I gave all correct details to the OR and listed all accounts. The nat west didnt have any funds in it and throughout my…
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IVA and change of circumstances
HI We have had an IVA for approx 6 months, term is 5 years at £150 a month, I have had a job oppotunity on a self employed basis, I have been advised for tax I would be better setting up a limited company which I have done, prior to me taking this job because of our current financial situation we requested a 3 month break…
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Bankruptcy repayments - help!!
Hello! I went Bankrupt last February. At the time I had no job and had debts that were around 25k. Recently I've been contacted by my bankruptcy people again to register my new job and that its been over a year. I'm being paid £960 per month. They've requested I pay back £535 every month for 3 years because of this. Thats…
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Can I still Pay My Pension during BR
I have a works pension, HMRC approved scheme. I therefore understand that it won't form part of my estate when I go BR. However, can I still pay my contributions each month before surplus income is assessed? It comes out at source before I get my take home pay. I'd really like to keep it going for obvious reasons. Thanks GU
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Need help after burying head in sand
Hi guys, I'm desperate for some help. I got a letter yesterday from the courts yesterday saying they're taking out a suspended attachment of earnings on me starting from 15th may. Last February (2010) I contacted the cccs and went through my debts with them and they suggested bankruptcy for me. It's been a year since then…
