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Letter from OR
Hi All, Another ( hopefully ) quick question. Before going bankrupt I was in an IVA that failed in Feb 2010 ( I was in this for 12 months ). I presented my certificate of IVA failure at the courts and had my OR interview a week later. I have recently received a letter from the OR requesting that I send them a copy of my…
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What happens after bankruptcy when your circumstances improve?
From what I understand, when you declare bankruptcy you are placed on a IPO or IPA, provided that you have a certain amount of disposable income each month. What I'd like to know is, once the IPO is worked out do the payments stay at the same level for the duration of IPO (i.e. the full three years), or do the payments…
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Registering as self employed
Hi All, I unfortunately went bankrupt on the 20th April. My company is looking to outsource my job in a few months time and I will more than likely be made redundant. I fancy a change and becoming self employed. Can I do this? Would I be able to register a business name?
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Repossession - visit from mortgage rep
I'm about 6 months into my bankruptcy and so far it's been fairly smooth. However the next phase of our journey is regarding my flat. Basically, I want it repossessed. We really do need to to move for various reasons and we have zero chance of selling it, due to required renovations (no £) and the fact that the lease needs…
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Rent after bankruptcy
Hi all. My husband and I have been served notice on our current rental property - nothing bad, the landlord's son is coming home from abroad and he needs somewhere to live which is fair enough! I was declared BR in June 2009 and discharged March 2010. I have spoken to a couple of letting agents and I'm always very upfront…
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Noddle shows a CCJ?
I have recently been checking up onmy credit file after initially writing to my creditors to update my details as settled. Today I have signed up with Noddle.com and was surprised to see a CCJ showing from 2009 - this did not appear in any of my other credit checks (experian/equifax) before or after bankruptcy so why has…
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Question
I am separated from my wife about 6 months and bankrupt almost three months. OR interview went fine and I have no assets worth mentioning except I did declare my interest in the old marital home. The property is in my wife's name and I have since been informed that she is putting it up for sale. At best there is about 5k…
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Bankruptcy and Joint Loans
Hi Folks I am 3 months away from ED but suddenly wondered what happens to the joint loan entry on my credit files. I'm aware that your debts get marked as settled with the date of BR, but what happens if there is a joint loan and the other party is continuing payments, does it get marked as settled on my credit file only?
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Inheritance
Hello OH might inherit a share in recently deceased mothers house. We have spoken to a solicitor who has warned us that the best way to proceed is to borrow the money to annul the bankruptcy and then pay back the lender when and if he inherits. He has warned us that to pay back the original figure is not enough as with…
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Need an advisor
Hi In a month's time my bankruptcy will come off my credit file and this week I was approved for a Vanquis Credit Card. My partner and I recently moved in together and he doesn't know about my BR so I am keen not to adversely affect him or his propensity to get credit in the future. Once my BR comes off my report, I would…
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BR and DLA back payment
Hi everyone Hope everyone is well. I wonder if anyone can help. My husband has just been awarded dla and has been told he is getting a back payment of approx £600. :jI know we have to inform the OR of the dla payment but does anyone know will they take his back payment? His esa payments stopped in april which is why we…
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Just a simple thanks
Just wanted to say thank you to everyone who contributes to folks questions. I'm about to start my BR journey soon and the information I have read on this forum has taken the worry out of my situation. So once again a million thanks to all the contributors, keep up the good work Susie:D
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please help !
hi guys my first post in here as I'm going crazy and really depressed with a nervous breakdown on the way I think (literally) For years I always paid my loans and cc on time and never defaulted I have lost my job 8 months ago for the 1st time in my life and stopped paying my debts about 3-4 months ago, my only option now…
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OR interview done..
Hi there...:) Just thought that I would share my experience with you. After a few sleepless nights worrying about this, after approx 45 mins on the phone this phone today...its over...phew!! I sat patiently looking from phone to clock and back for 15 minutes beforehand, with paperwork in front of me....then it rang!! After…
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Call credit discharge date
Hi Ive received my CRFs from equifax and call credit, still waiting for experian, so I can start the cleanup process. I looked at the BR info on call credit report and they have my discharge date as 8/9/12, even though I was given ED back in March. The equifax report has the correct date. How do I go about getting this…
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Being a signatory on a business bank account...
is that allowed as an undischarged bankrupt? I have never seen anything to say it isnt allowed, but wanted to be sure. I have been a signatory previously on a business bank account and my recollection is that you simply sign forms, and no credit check is done on you as an individual - I am now desperately wondering whether…
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Bankrupt in March
Hi all, I declared myself bankrupt in March. All went smoothly. Had to pay an additonal £500 towards keeping my car. Didnt hear anything from Moonbever until late May and have made my first payment of £599 this month. They have said this will be for 3 years. The OR (who was amazingly friendly and easy to get on with) has…
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Home Insurance
Hi, Im in the process of becoming bankrupt after seeking advice but have herd that as i live with my parents my bankruptcy can void their home insurance. Has anyone had any experience of this or have any advice please? I really dont want to drag them into my problems or for it to have any bad effect on them.
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Creditor placed charging order before BR demanding payment.
Hi everyone, I went BR in March of this year. Following the BR and OR interview, I have no had any problem so to speak until recently, when my former advisor contacted me. He said that a creditor of mine contacted his company chasing payment so he told them I had become BR in March. They said they did not care and have…
