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Bankruptcy advice needed please
Hi All, I am hoping for some advice for a friend of mine. Originally the plan was to go via DRO but her debts are around £24k and following conversations with Step Change it was decided that bankruptcy was the only option. Its highly unlikely that the debts could come down to under the £20k in a reasonable amount of time,…
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Lloyds insolvency team
I went to see my local branch when I was made bankrupt (27/10) and they assured me nothing would happen to my account like it being frozen or anything. I was told that if anything was going to happen, I would be written to and it would all be handled with me. The OR wrote to them, letter dated 2/11 say they had no interest…
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Post OR, part 2
Part bored, part fixated with this whole BR thing and part paranoid..... What is actually happening behind the scenes right now, I appreciate the entire Insolvency Service aren't plotting my downfall but what are they doing? To re-cap, declared BR by HMRC a month ago, c20 other creditors, genial meeting with OR 10 days…
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Assets (To Sell?)
Hi all, Just a quick question, I'm starting the bankruptcy process soon and will have to tell the OR about my assets. I do have a couple of low value assets for example PS3 and a few games, old iPod etc that will be worth maybe £200 in total. I don't think the OR will be interested in these to be honest and as I have no…
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post OR timings
hi all-appreciate this is a classic 'how long is a piece of string question' but wondered if anyone could feedback from their own experiences-had my OR interview about 10 days ago and waiting to hear as to whether a trustee is going to be appointed - i think its unlikely but there is an outside chance they might take an…
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Just done it - submited
Hello everyone hope you all have great day After few months asking question today it was the day when I submitted my application for BR Very confused TBH regarding some aspects like self-employed and court fines as heard very different opinions but at the end of each one was - its up to OR So fingers crossed and pray for…
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Renting, Partners DRO advice needed
Hello this week my partner and I have found ourselves in a rather desperate situation. on Monday we were informed by our letting agency that the landlord wants to rent the property to a family member and that we have 2 months to vacate the property. having looked into that there is nothing we can do and well within his…
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Bank Accounts
Hi, I had a debt with Nationwide many years ago and it is now with a debt recovery company and I am paying it with my DMP. Could I now open a basic account with Nationwide as the debt has been moved to a different company?
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Starting Bankruptcy
Hello everyone, I am at the stage of filling out my bankruptcy form online, a family member is loaning me the fee so everything so far seems ok. My question is about my bank account. I'm concerned that it will be frozen and I won't be able to pay my rent, bills and child maintenance. I have read somewhere that I could have…
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also think I have done a stupid thing
I changed address a year ago but I didnt tell the OR should I have? genuinely this was an oversight from when i moved. I did decide not to tell the mortgage lender my new address, my bankruptcy was discharged in 2012 but I'm still on a mortgage with an ex (he wont move out, sell or take my name off) I just got fed up with…
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New debt after bankruptcy
Hi all, Im nearly at the 6 year post bankruptcy, an ongoing issue is ex lives in a property with my name on the mortgage it has arrears, he wont remove it and the lender NRAM who have a repossession order wont enforce it as he pays them the minimum secured mortgage payment. The only route is me taking it to court and I've…
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lazy question...sorry
i'm sure I could find the answer to this if I trawled a bit-but if anyone is minded to be kind does one need to inform the OR of a new bank account post bankruptcy date? that's it
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Car, please advise
Hi all, I am seriously thinking about going bankrupt as I just cannot cope anymore. My concern is that I have a car registered to me which my mother pays for. She took the car finance out 2 years ago and has another 2-3 years left on it. Can they take this car even though I don't own it? Any advice would be much…
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credit file conundrum
I've just looked at my credit file on Equifax having buried my head in the sand with this for about 3 years-a new lease of life and all that, I chose Equifax as the OR examiner told me that's the one they use, and in fact can see a search was conducted the day before my meeting, some questions arise 1. I have an M+S credit…
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mobile strategy while bankrupt?
i appreciate this is in a similar vein to a recent thread but I'm loath to hijack! i'm about 1 month in to bankruptcy, so far so good with my mobile contract (with EE), just keep paying the bills-my iPhone and ipad are on the account and it runs at about 100 a month the contract is due to expire in the next few months-does…
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Lived overseas after IVA
So in 2009 life was tricky and looking back I feel I was almost forced into an IVA by my then bank. As it happens I was then made redundant, worked in UK for a while longer and left to work overseas (I have dual nationality and the work was more freely available in the other country). I was clear with the company I…
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Going bankrupt
Decided to go bankrupt cuz I have £80 a week to myself, all wages arrested. Got council tax arrears, rent arrears (to a housing association)) and just only option left for me. I'm in Scotland but panicking that I'l get evicted. Landlord is taking me to court this week but I don't know what best to do? Going to cab tomorrow…
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Mobile phone contract after bankruptcy - Guide
Just a quick post to let anyone interested in rebuilding a credit history get a foot in the door. I recently became discharged in October 2016, my credit file is shot - with 4 CCJ's, Bankruptcy and various defaults, I am currently starting the process of correction for those default dates and getting the accounts marked as…
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IPA Query
I became bankrupt in July, at the moment I have to pay an insolvency agent the monthly payment I would have paid in council tax and the additional wages I am receiving as I now have an NT tax code. What happens come April when my tax code is no longer NT and I have to start paying council tax? Will I still have to pay them…
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Moving Out?
Hello all, To cut a long story short, I am in debt of approx £60,000 (gambling - stupid I know!!) and I think bankruptcy may be the best option for me. I currently live with my parents (crowded 3 bed house) and I'm receiving help for the gambling problem, I haven't gambled for over 2 months now. My partner and I have been…
