-
mortgages after BR
I am recently out of BR (may 16) and im in the process of cleaning up my credit report. I am currently saving x amount a month towards a deposit for the house we currently rent. i have calculated the approx. deposit and approx solicitors fees etc. and I'm glad to say all is going well and I'm enjoying a fresh start. My…
-
Correct Income and Expenditure
My wife and I are planning BR (having taken advice from the CAB). We are working out our Income and Expenditure. I know that any surplus income must be given to the OR. The CAB mentioned you are allowed a £20.00 a month emergency fund. Is this correct? And I think they said you are also allowed £10.00 per person in the…
-
Newbie help needed!
[FONT=Verdana, Arial, Helvetica]Hey Been lurking for a while and think you are all marvellous for the advice you give. I have a whole range of problems and not sure what the best thing to do is - any advice gratefully received. Right here goes! We have endless amounts of bills that we cannot afford to pay ever - they are…
-
BR ending
Hello all, i have now been bankrupt for 5 years and am coming towards the end of the road.... i weas officially discharged in 2007 but the credit file for 6 years still continues, will this fall off automatically and will i ever be able to get any formal kind of mortgage etc again??
-
Potential IPA
Hi everyone, Currently I'm working and hubby is stay at home dad and job hunting. I currently don't have an IPA. We know if he gets work that he'll have an IPA for "excess income" and I presume I will stay without an IPA. What would happen if I then got a payrise? Would I then have an IPA? singingsister
-
Decisions, decisions!
Ive recently split up from my partner and i have a lot ov debtts which have got out of control and i have been thinking ov going bankcrupt, however my name is still on the mortgage and i dont want my ex to lose the house if i do, is there any way round it?
-
what to do now?
The title says it all really My OH declared himself bankrupt in April 2012, we have had the IPA from the OR but it doesn't mention how long this is for, only stating that it is until the end of the financial year - is this normal? The allocated OR has been very unhelpful, we have had to chase her on numerous occasions, and…
-
Question about cars in BR
Hi all Just need to clarify issue re. cars. Me and my husband are going to file for BR soon and at present have a car each (no more than £1k in value each). I know it is likely I will lose mine as I will only need it for 2 x days per week for work. Both cars are reg'd to me with DVLA and ins in my name with hubby as…
-
Questions re BRO/U
HI I have accepted an undertaking on a BRO prior to my AD early 2013. I understand the restrictions that exist prior to AD and after AD. i. no credit £500. MP etc ec. However I do have a couple of questions and would be glad if anyone could clarify them for me. 1) Currently not under any IPA due to illness and not working…
-
debt management plan
i was wondering if any one could help i am currentley in a dmp i was told after 7 years it would be paid i have been in it for 5 years i recently got told that i still have 8 years left so i want to get out of it by getting a secured loan i have plenty of equity . would this repair my credit file and is there a way of…
-
private flat rent leading up to bankruptcy
hello everyone In the lead up to my imminent bankruptcy (I'm expecting a Statutory Demand from the HMRC anyday now...just had a hand delivered letter last week informing me of this intention...but they have certainly taken their time over it..over 18 months in fact!), I will be moving city for a new job starting beginning…
-
Barclays Bank Account
Hello Forum! Although I've not posted for some time I still do check in from time to time - I've not forgotten how helpful the community can be. I just wanted to offer a small update, whilst I appreciate each BRs circumstances are different it might be of interest: Background: I finally reached my patience threshold with…
-
JOINT ppi claims post bankruptcy
The sticky thread above is closed-so apologies for a new thread. I understand that any ppi for a bankrupt lies in the hands of the trustee as they are entitled to the 'asset'. Am i right in assuming however that there is no reason for my wife (who was not made bankrupt )to pursue her own couple of ppi claims? More…
-
Default with "everything everywhere" (orange), removal of....
I have a default with orange for £264. Have been following the learn money.co.uk guide to getting it removed by claiming that I was never issued the correct notification etc. Orange have come back to me with a letter to say that although they have no records of the default, they have strict procedures in place to ensure…
-
Question re IPA
Quick question guys, with an IPA if you are discharged but you have a payrise does the ipa change in line with your salary? What if you're discharged and get a bonus?
-
Rebuilding with Vanquis credit card - Better to pay with direct debit or manually?
Hello, I'm hopefully getting a Vanquis card to rebuild my credit, just waiting to hear back from them. Planning to spend up to 30% of credit limit each month, assuming I get it. Waiting for the phone call from them. I will pay off 100% of the balance each month. Is it a good idea to set up a direct debit to pay it off, or…
-
Variable Salary
I'm trying to get myself prepared for bankruptcy now I have managed to raise the fees. One concern is the income/expenditure form and how much I should put down for my income. I receive a basic salary which can be boosted by overtime during the month. The overtime is never guaranteed and quite often I will earn just a flat…
-
A year and a bit on :0)
I just thought I would take a few minutes to bring hope to persons going BR or in their 12 mth BR period. My wife and I went BR in May 2011. We kept the car and were told the house would be dealt with in three years. Our OR interviewer was quite aloof and always left me feeling that he held us in contempt, but everyone…
-
bankrupt Seller Effecting house, Need HELP
Hello I received some money after a bereavement, so with this I thought about buying another property, I Currently live in a 1 Bedroom flat and after looking around I found a nice one bedroom house, which would be a massive upgrade for me and I could buy with cash, then rent out my flat. which is mortgage free also. I…
-
IPA query, delay in setting it up...
Although I went bankrupt at the beginning of May my IPA still isnt anywhere near being finalised, because I am in the process of changing jobs - the OR has asked for proof of income for a start, but I wont get a payslip for a full months pay in the new job until the end of July! I'm really not sure what happens in the…
