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Bankruptcy & living with it

Archives for March 2017

RE-mortgage after Bankruptcy
Hi, i was wondering if you could give me some advice. My husband went bankrupt in 2012 and discharged in 2013. We didn't lose our home and since then he has worked hard at re-building his credit file. We were looking to see if we could re-mortgage our home and either move, or extend our existing property - we have equity…
Bankrupcy question
I'm considering bankruptcy. I have Hmrc tax debt and its way too much than I can ever repay. I was stupid and hold my hand up. In already in a debt management plan and have been for the past 8 years. Bankrupcy seems the best way forward as I have no assets, I rent and now have a permanent job. My main concern is the fact…
Backdated benefits just before bankruptcy
Hi, I am sure of what to do here so any advice would be good. I'm expecting to declare bankruptcy in May. Since last July I have been making £1 token payments to my creditors. Unfortunately things got worse rather than better and bankruptcy is now my only way forward. The concern I have is that I just received a few months…
Debt Assigned to CAIS Member
Good evening, I am hoping someone can offer me some advice. I voluntary declared myself bankrupt in June 2015. Discharged June 2016. I recently checked my credit report and a debt of £4999 owing to Barclays has been sold stating Debt Assigned to CAIS Member. I have a new debtor appeared on my credit report from a company…
Company bank account for discharged bankrupt
Hello, new member here so please be gentle. I have recently been discharged from bankruptcy and have established a limited company, I haven't applied for a bank account yet but all my research has made it clear it probably isn't going to be straight forward. Has anyone had experience of getting a business bank account soon…
Life on hold because of bankruptcy
Hi! In 2012 I was declared bankrupt, i live in scotland so i believe it is called sequestration. I was at the time in a pretty abusive relationship which i had been in since 2003. My ex partner has (as i have since worked out) Narcassistic personality disorder and was very controlling, verbally and mentally abusive towards…
If I move home can I include this on my new SOA
Hi guys Just a quick question Me, my husband and 5 children are moving home in about 6 weeks. We are moving house to meet the needs of our youngest child (has autism) . Our current home is fully decorated and carpeted/flooring etc But the new home has nothing in a very bad condition. How would this reflect our expenditure?…
Please could you check the SOA?
Husband is bankrupt, I am discharged and we are a family of 2 adults and 3 children:- Income £1387.09 self employed earnings and £929.63 Child Benefit, Child & Working Tax Credits = £2316.72 per month Outgoings- Mortgage £600 Council Tax £106.42 Gas & Electricity £154 (OR has allowed this amount on previous calculation)…
RTB, bankruptcy and mortgage
I was made bankrupt 4 years ago this month and have been to a broker to apply for a right to buy mortgage. ( been discharged 3.5yrs). We have 3 defaults that were not cleared up at the time, we are waiting for Experian to be updated to show these as partially settled. He is struggling with the bankruptcy, defaults not a…
Self employed with slightly variable income.
Hello. I wonder if anyone has any experience of how often the OR will review a self employed person with slightly varying weekly income, for proposed IPA purposes please?
Post Bankruptcy Credit Card
I was declared Bankrupt way back in January 2011. During the last six years I followed the advice on this site and did the credit file clean up, I managed to get everything sorted without any great issues. All default dates were the same as or before my bankruptcy date. During the six year post bankruptcy period all my…
Mortgage Advice
Hi all, So just a quick question if anyone has any advice, I was declared bankrupt in March 2005 and discharged in October 2005 - so nearly 12 years ago. Just got married and we're thinking about a mortgage application in the coming months. We have around £60K deposit (saved by ourselves) and I was just trying to get a…
OR hasn't allowed our claim for gas & electricity
Hello. I wondered if anyone has had similar? We are due to submit an income and expenditure form to the OR (last IPA didn't go ahead as my husband changed jobs). However the OR forwarded his calculations from last time which had a proposed IPA of £44 per month. This amount is the exact amount he hasn't allowed us for the…
Getting a mortgage
Hi, just wondered if anyone has any experience or advice about my situation I was declared bankrupt in 2010 (my doing) and discharged in June 2011! I have cleaned up my credit file and never missed a payment of any kind since. My fianc!e and I have started to save a deposit with the view to buy back end of next year, but…
Bankruptcy on credit file
Hi ya Please can someone tell me how long bankrupcy stays on a credit report for and wheather it is from bankrupt date or discharge. Many thanks
IVA finished, when will it leave records?
We had an IVA that we managed to get through one way or another. It finished on 8 Nov 2012, does anybody know when it will stop being on our records and how we would delete it. Regards
Proposed IPA question
Hello. I wonder if anyone can help please? If the OR has changed the figures we gave them in the SOA (income and expenditure form they sent us), should they be telling us what amendments they have made? And should the OR be telling us what they have allowed for and what they haven't? He has stated that he told me husband…
IPA, no mention of it at interview
I've had my telephone interview, the gentleman was very relaxed & helpful, we went through my income/expenditure which all seemed fine even though I have a negative balance. He did not mention an IPA, does this mean that they are not looking to give me one?
My sisters debt, my address
The former partner of my estranged sister has been awarded a ccj against her. He has named my address on the basis he visited here some years ago and our 85-year old partially blind mother who lives with me. Apart from the infrequent email (which he has) we are not in contact with my sister and do not know her current…
Vanquis
I'm thinking of applying for a Vanquis card to improve my credit rating and give me the benefit of the insurance on purchases. However, Vanquis seem to want a 'continuous payment authority' set up and I don't want this - is that the norm for these cards?

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Bankruptcy & living with it

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