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Does child maintenance get included as income?
Hi everyone I was wondering if Child Maintenance gets included as income, i don't think its classed as a state benefit and its not a wage, so i'm unsure whether or not it would be included in an IPA/IPO? Thanks in advance!
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Help I thought I was already discharged???
Hi all. 16 months after my bankruptcy order I have received a letter informing me that my bankruptcy has been transferred to the Long Term Asset and Distribution Team. I am very confused by this as although I have never received a letter confirming my discharge I have never received any correspondence informing me that my…
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Letter from Aministrator re car
Received a letter today stating that they have an ongoing responsibility to ensure that the vehicle is properly insured. Have asked for copies of the following documents Insurance Certificate MOT Certificate (Car is a 12 plate so not MOT required) V5 HP/Finance Agreements (There was no finance on car) Has anyone else been…
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anxiety post BR...please advise
Hello all, I had hoped that post BR I would feel less anxious but it is worse! Instead of fearing threatening creditor letters I am now afraid of letters from the OR. I am 5 weeks into it, she told me I would have the 'tax' IPA, I returned the forms promptly, sent the car insurance settlement payment and explained that I…
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cars, jobs and bankruptcy
So this is a theoretical question at the moment but... I am (still) looking at bankruptcy by the end of this year. Currently I am self employed and do not own a car. I'm applying for jobs at the moment as the self employment is not bringing in enough money, and two jobs I have seen that I would like to apply for involve…
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BRO...scared
Had a letter in the post about consideration for an application for a Bankruptcy Restrictions Order. Dont know what to think and why I have this. I have not been dishonest about anything. I feel sick as it sounds so scary. I know I cant do anything until i can speak to them on the phone tomorrow when they are open but just…
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IVA to Bankruptcy - Advice Needed please...
Ok so here's the situation... My Dad is currently in an IVA to repay debts run up on credit cards/loans to assist one of his sons keeping his company afloat through quiet times, on the promise it would all be paid back... It wasn't so my Dad went into an IVA, with the son promising to cover the payments... The son never…
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Nationwide, not on my side !!!
I went to my local Nationwide to open an account last week. Just the basic card cash account nothing fancy. I choose this bank after reading on this website that bankrupts can get accounts here. Today I opened a letter from them advising me that my application was unsuccessful as I didn't meet their criteria of being clear…
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IPA and nil tax code
so at the OR phone interview on tuesday she said on my budget i wouldnt get an IPA, but that I wouldnt pay any tax and would pay my unpaid tax towards the creditors. and yesterday i got a letter basically asking me to sign an agreement to that effect, an estimated £68 a month that I would pay for the rest of this tax year.…
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bankruptcy help please
Hello I am new on here and need some advice please. I am in debt of around 50k due to my house being reposessed. I have had advice from Stepchange and being advised bankruptcy is my best option. I have been putting it off for months now as I am scared they will make me get rid of my car. I work full time and have 2…
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fell off my credit file
Br and defaults have fell off my experian credit file this week after the 6 yrs of being made br. I now have a excellent score. Will i be able to upgrade my bank acc from the coop cashminder now i have no bad recorded debt on my credit file, no br and a good score? Thanks
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BR Advice BTL Married
Hi New to the forum and been reading all night and wow what a forum ! Anyway I am looking for some advice please. In short I am married and have a large BTL portfolio which is ok at the moment. When / if interest rates go up things could change and I have been off work stressing about it. Most of the portfolio is in my…
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DRO and debt collection agencies
In January of 2013 I got advice from the CAB and they helped me get a DRO, all the companies were contacted in the process. My DRO was active from Jan 13 to Jan 14. In that time it appears that one of my debts was sold on to 2 separate debt collection agencies, both of them asking for different amounts for the same debt.…
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disclosure scotland check
Hi I have applied for a call centre job (telecommunications) and have been offered a position subject to satisfactory reference checks and disclosure Scotland check. I am unsure as to what exactly shows up on this disclosure report. I am a bankrupt (in may of this year) so not discharged, and I have been banned from…
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Life Insurance options
Today I've finally received a letter in regards to my life insurance policy. It was one that pays out on death only and it was for me, the only bit of security left to give to my son to inherit should I die. I knew there would be something coming up but wasn't really explained properly. So now i have 1 of 3 options, Pay…
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What I am allowed to pay for during Bankruptcy?
Could someone point me out in the right direction to find answers to: Am i allowed to spend money on things like new equipment, repairs to vehicle or if I need to obtain a second hand vehicle to replace old one. How does it work with regards to profit from my business - do I contact OR straight away and inform them of…
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repossession and 30K short. Advice needed
My daughter is in a right pickle. Briefly 1 split from boyfriend 4 yr ago after buying a house together. 2 daughter offers bank to hand over her half to him. they refuse 3 he is still living there and for 3 and half years defaulted on the mortgage payments. 4 Bank is now considering repossession 5 after the house is sold…
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Vanquis
Hi, I've been discharged 6 weeks now and today I applied for a vanquis card and it was approved :j. Obviously I am just going to use the card for small purchases and pay in full every month but I finally feel I am on my way up! I hope my 31.50 topcashback tracks, that will be the icing on the cake :) I hope this helps…
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Catalogue of mistakes
Hi Our business and my husband and I as individuals were declared bankrupt on 28/5/14, in Scotland. There are a few issues that maybe some of you may be able to help with. Our house was mortgage free so we used this as security to purchase a public house in 2008. It was bought with the intention of giving me and my two…
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Recent Loan With Bankrupcy
Hi was just looking for general advice or guidance with an issue. A friend of mine has taken out a £6k secured loan on her house and now her circumstances have changed just 2 months after taking out the loan. So she is considering bankrupcy. Her total debt is over £40k and her incomings are virtually the same as outgoings…
