-
Finally facing up to the issues
Hello all Okay, here goes..... I am currently around £44,000 in debt. £35k of credit cards, £5k overdraft, £4k store cards. My take home salary is around £2k per month but my debt repayments are around £800 per month plus £750 rent and you can see there isn't much left to pay other bills and put food on the table. My…
-
Am I going to be arrested for fraud?
Ok so I'm now at the stage of applying for bankruptcy and doing some last minute reading before pressing the button, I skimmed over something about debts obtained via fraud. Long story short, my debts (over £65k in total) are 75% brought on by gambling. This was never the intention, I was going to buy a new car but…
-
SOA Advice
Hi all, Would it be possible to have a quick look over my SOA please and let me know if figures need revising at all? About to press the button and hopefully get a decent nights sleep once again. There is a shortfall between my wages and expenditure. My partner has agreed to help me out with whatever amount this may be,…
-
Having problems with tax credits after I have been made bankrupt...please help!
Ok sorry, but this might take a bit of explaining so try bear with me :-) I incurred two over payments from tax credits for working tax credit and child tax credit for the years 2011-2012 of £15,000. Since I was made aware of the overpayment (end of 2012) I stopped claiming and started to pay back monthly installments of…
-
Additional card holder on credit card account
So I had an account with cahoot who know I have gone bankrupt. I was also an additional card holder on my Dad's cahoot credit card account. It hasn't been used in about 10 years. The balance is zero. I today removed myself as a cardholder. Cahoot have written to my Dad saying he is the one who has gone bankrupt and has a.…
-
'friendly' bill after BR
This morning received a smallish invpice (hundreds) from my therapist for treatment this year pre-bankruptcy, I forgot completely I was due one, in and amongst the other more serious issues around the BR date he's a great guy, freelance and I rather need to keep him onside for possible future situations, some old friends…
-
Utilities bill after BR for vacant property
Was made BR in early Dec 2014, handed keys back in voluntary repossession end of Dec 2014. House officially repossessed April 2016. I have just received and electricity bill for the period between voluntary repossession date and July 2016. Should this amount be classed as a contingency debt in the BR?
-
Stuck ,no way out
Don't know what to do ! Due to a reduction in income I can no longer afford my DMP with stepchange they have advised bankruptcy ! I have over the weekend spoken with my parents telling them of my situation and if they would be able to help with the bankruptcy fees. . All hell has broke loose I explained that the car that…
-
Potential Additional Debt From CCJ AFTER BR Has Been Approved.
Long story short. I worked as a contractor for a firm for 6 months in 2015. Three months after I left I received a polite letter asking me for around half of the money I was paid or I would be taken to court for the full amount, due to alleged wrongdoings on my behalf whilst in their employ - I dispute this. I was sent…
-
Bankruptcy vs Settlement
Hi, Sorry if this has been covered before, I looked but couldn't find a thread. All the interest is frozen, and am making token payments on my debts but I'm in a situation that is looking like bankruptcy is an option for me. There's a possibility of making settlements if that could be negotiated. Before I bothered with…
-
IVA - Insisting we apply for mortgage
My IVA organiser NTF Financial Solutions have written to say, due to my 5 years coming to an end and us having approximately £100k equity in our property, we need to apply for a remortgage. We have been informed, if we are unsuccessful in an application for a mortage, the IVA has to run for a further 12 months. They are…
-
IPA and child on the way
Me and my girlfriend are expecting our first child on Xmas day. I was made bankrupt in February 2015 and I'm about 18 months into my £107 a month IPA. If I ring the official reciever to inform them of future changes does anybody know what I should expect to happen? Many thanks
-
Can creditors do anything else to recover funds after BR?
I was in court today to answer questions in response to the lawyers who brought a ccj against me. I've been honest and the judge was satisfied. The lawyers however intonated that they would go away and discuss "how else they can recover the debt". This has left me feeling sick and distressed. This firm (Lovetts) are very…
-
is a mortgage possible during an IVA?
our landlord is selling up, has offered us a cheaper price (as we have no deposit) to help us out if we wanted to buy it. but we are in an IVA - so where would even consider us? Housing situation is stressful... The council wont accept us for housing as we are just above their household income line! and there is nothing on…
-
BR and car insurance renewal
Hi all, I made myself BR in September of this year and my car insurance is up for renewal during the first week in December. The renewal offered by my current company, even though it's gone up a tiny bit since last year, is still extremely competitive. I had a quick look around the price comparison sites anyway and nothing…
-
Spoken to OR...
So I just got off a call with the OR. She was so incredibly nice. She was very sympathetic and understanding and gentle with me. I expected to cry through the call but she never pushed me and said that it looked like I wouldn't get an IPA, unless my tax code goes to zero and then they'd just take what I would have paid in…
-
Having a weird day
In 2003 I was declared bankrupt, worked my way through it, came out the other end and spent 10 years rebuilding my credit history. Today, I went to visit my mother who handed me 4 letters, I opened them and there is 4 identical demands, from a company dlc chasing my credit card debit with an agreement date of 1997!!!!…
-
Clean Up Help
I went bankrupt on 18th November 2010 and was discharged on 18th November 2011 I duly conducted the clean up operation in 2012 and then life got busy so I forgot to check the credit files again. Fast forward to today, six years and 2 days from the bankruptcy and I checked my files. Whilst the bankruptcy has disappeared and…
-
Bankruptcy Restrictions Undertaking (or Order)
Hope you're sitting comfortably, I'll give London1973 a run for his money here! Yesterday marked 11 weeks until my discharge. 11 weeks until the monkey would be shed from my back and I could start again properly. Or so I thought... At 09:30 yesterday morning I was contacted to request my attendance later that same day at…
-
BR and EDF
Hi everyone, declared bankrupt a month ago, have been notified by utility companies with new installment plans proposed (almost straightaway)-apart from EDF, have just called them and they say they haven't been informed yet and the balance is still outstanding-it goes back months and pre-bankruptcy I was getting about a…
