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Minimum level of income for IPA/IPO?
Dear all, Anyone know what is the minimum level of income the OR will look at before slapping an IPA/IPO on someone BR? Currently IPO free due to being unemployed- but want a job. However, don't want a job paying high enough to be shackled with an IPO for 3 years.....want to do my 1 year 'sentence' and start again, as fed…
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Mobile phone contract
I was declared bankrupt in jan 2013 and discharged Jan 2014 the question I have is regarding a mobile phone contract with orange. I had the contract pre bankruptcy however due to a moderate size IPA I have found it difficult to keep the monthly payments going I have spoken to orange who aren't the slightest interested. Can…
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Pension and IVA
Hi When I hit 55 I had to cash in 25% of my pension to pay to the IVA company and the other 75% had to be used to buy an annuity which I now have for life. If I could have been able to access the whole of my pension pot I could have paid off my IVA and started saving for my pension again. Now, 18 months down the line I…
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Post Bankruptcy Clean up question
Hi Everyone, I am 5.5 years on from bankruptcy and have had to complain to the ICO about my mortgage provider. My Mortgage was included in the bankruptcy (I lost the house). I was unable to make payments long before my bankruptcy date so technically "Defaulted" long before the bankruptcy date. The creditor has refused to…
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Received Bankrupcy Petition
After threatening for a long time, HMRC have issued me with a bankruptcy petition. I made it worse on myself by not not making myself available receive and they had to get the go ahead to issue it via the post. It says I have a hearing in the county court in London, but there's no way I can get down there. I saw online…
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Bankruptcy and the home
I would like to know if anyone can help me with the following question. I am about to file for bankruptcy for old credit card debts run up years ago. My husband owns our home and got a mortgage in 2001 in his name only as my credit history wasn't great. Stepchange say that the OR will say that as I have lived in the house…
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nursery fees
I have just over one thousand pounds in nursery fees outstanding-can this be included in my BR?
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BR forms
The below are my figures from my BR forms. Am I expected to pay the difference between 6.8 and 7.1 even though the other £970 is what my partner pays to the house and I use practically all I have. The wording on the forms is confusing me. :( 6.3 £553 Maternity Allowance-take home pay 6.6 £82 Child Benefit 6.7 £970 other…
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Cleaning up my credit file after being discharged
I would like to know how to clean up my credit file as I have been discharged from bankruptcy and still have a few creditors saying defaulted and not settled
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County Court Judgements on Equifax without Date Satisfied
Hello Sorry I think I could find this somewhere on the Board but haven't been able to yet... I am in the process of cleaning up my credit report and getting things marked satisfied. This is straightforward with my credit agreements, but under 'court information' I have 2 CCJs. One is marked satisfied, and the other does…
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Filling in forms
I am in the process of filling in my BR forms. I really have little idea when my most recent loan started as it was renewed/consolidated several times over and no clue when i got my credit cards. My banks have handed over my debts to various companies and therefore my online accounts etc are not available. What do I put…
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Question on bankruptcy
hi, abit of a lurker here. I became bankrupt in september last year so almost through. It was hard but needed. my question is that I paint a lot in my spare time. Im looking for work at the moment, i sometimes get a few labour jobs which i always inform receiver about but with my paintings i was wondering that if I was…
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Six years after Bankruptcy, now what?
On Friday 31st July 2014 will be 6 years since I filed for Bankruptcy in 2008 :j. I am a member of Experian (goodness knows why) anyway, do I have to contact them and if so what information would they require for me to have a 100% clean slate again. I contacted them by email in June but haven't heard back from them. As…
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OR released as trustee???
Dear all Hope someone can help with this... 4 months into BR, and I get a letter from OR saying he has asked to be released as my trustee- there was a short note, but didn't really understand it....what does this really mean?? - have they given up trying to impose IPO/ get anything to creditors? - do the new…
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House ?
Hello I am currently 4 years into a personal 6 year IVA - year 6 having been added to remove the possibility of equity release after 5 years. Part of my forthcoming divorce may be that a house that is jointly owned (currently rented out with IVA provider permission) would be transferred entirely to me. Would this have any…
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Credit Card Debt & Brankruptcy
Over the years debts have mounted with various credit card companies and I now owe £25,000 (approx). I have kept up regular payments, in spite of the financial hardship I am experiencing. There is little hope that I will ever be able to repay the debt fully and now I have just lost my job it makes it even more unlikely. I…
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Bankruptcy / Director shares in Startup question
Hi, Looking like bankruptcy could be the best option for my situation: - No assets / renting / no car - Currently self employed with variable income £500 - £1200 per month - Approx £28k of debt including £14k for VAT which I owe HMRC The only issue I can see is that I am a founding shareholder in a new start up company.…
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can i be forced into an iva ?
can i be forced into an iva ? I don't want to do it but its going to take about 15 years to repay debts on a dmp but I would prefer that than an iva also are you forced to sell car if you are on iva thanks
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Debtor chasing after bankruptcy: mortgage related
Hi ... That dreaded moment when after being made bankrupt 2 years later a letter drops on your mat and you feel sick! I went BC in 2012. Today I received a letter from my old mortgage lender stating that after repossession of my property, and the sale of my property that there was money owing. Am I still liable to pay…
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August’s 2014 BR Club
:staradmin Hi Everyone and Welcome to the August’s 2014 Bankruptcy Club :staradmin This club is for everyone who has gone or going through the process of Bankruptcy during August 2014. So please feel free to join and post. Pop your name on here, the date that you went/are going Bankrupt. Then just keep everyone in the club…
