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Bro/bru
Following a significant judgement debt (no criminal charges) I petitioned for bankruptcy. The judgement debtor has proved debt. The OR is now seeking a BRO alleging serious wrongdoing based on the Judgement debt. I have challenged this by saying that The cause of action has merged into the judgement and that the OR is…
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Help with car please
I had my bankruptcy approved last week and official receiver rang today about my car. It is worth approx £3.5k and he said I cannot keep it. He said I can ask a 3rd party to pay for it and I can keep it. What I need to know is, am I able to offer him an amount or does he decide how much I have to pay.? I have someone who…
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Strange situation, feeling guilty
Good evening all This is a strange one and I can't see any advice about this. Essentially I have a range of debts due to profit-less self employment. I expect these to be written off at the beginning of my bankruptcy but one of my debts is about £1000 on a credit card which is personal and nothing to do with my business…
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Keeping a car that my wife owns but it is registered to me?
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Using credit card while Undischarged
Hey everyone, i was made bankrupt on 30th December 16. IPA and everything is up and running. I had an MBNA credit card with a 1.4k limit which i had never used or even registered. After being made bankrupt, i got a letter through the post saying they had reduced my limit to £500. Now from reading i know that you cant…
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Limited Company and Personal Bankruptcy - in which order?
I'd like to start this thread with a big, fat 'mea culpa' and to confirm that having spoken with my accountant, an insolvency practitioner they recommended, to the Citizens Advice Bureau and Business Debt Line closing my limited company AND declaring personal bankruptcy are the only routes left to me & I'm at peace with…
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Selling or keep car ?
Hello everyone! New member here. For various reasons (and after getting advice) I am going to be going bankrupt. My question is about cars/assets. I have a car for daily use, an old banger bought for a couple of hundred quid. I also have a classic car which is SORN and off the road. Not insured or taxed. It is a bit tatty…
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A big massive slushy grateful Thanks thread
In 2009 I was declared bankrupt. Majority of debt was mortgage shortfall/council tax arrears. I had 2 young children and pregnant with my 3rd. We ended up having to move into a privately rented house, far too small for us and the children (but it was what we could afford). We were both juggling minimum wage jobs, budgeting…
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Newly Bankrupt and nervous over OR call..
Hi All, I appreciate that this might just be going over old ground previously covered in this amazing forum but... I've just had my BR approved (less than 24 hours after hitting the button) and am in that limbo stage waiting for the OR contact. Having read through these threads it seems that some people do not have to have…
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'Reckless spending'
May I ask, if 'someone' paid for a something like a training course or holiday or flight or whatever, maybe a grand or two, on a credit card a few months before going BR what's the worst that can happen? I realise this may be seen as being reckless but at the time that person was not planning on going BR. However of course…
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Preferential payment?
Hello again. What seemed like a potentially straightforward personal BR seems to be getting more and more complicated the more I look into things and I am quite stressed with worry! If I go bankrupt this month and the OR looks into my finances and sees that I made a £10k payment to my sister in law in November 2015, what…
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I'm I fooling myself - rent to buy
Having got through bankruptcy with little problem I'm now 2 years from discharge. Only 4 more to go lol Anyway I'm in a property that's rent to buy the deal is in two more years the developer gives me £20,000 and I can buy the property at the market value the day I signed the agreement. What does this mean .... I will need…
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Advice re Bankruptcy with a Help to Buy Mortgage
Hi everyone New to the forum and looking for advice regarding the likelihood of losing my home if declared Bankrupt? I'm looking for some advice re my finances at the moment. My husband and I moved in to a new house in September last year. We used help to buy. The property price was £185,000. We paid a deposit of £10,000…
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Company credit card
Hi Waiting for my bankruptcy to happen and bit worried about company credit cards. The cards are registered to the company i work for so guessing they wont be affected ? Advice appreciated
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Income?
Hello. If I have just finished self employment (closed a loss making business) and am technically unemployed, therefore should I put zero in the income section of the BR application form? Probably a silly question but if it's a matter of days since ceasing trading I am not sure whether to say I'm 'earning' the amount of…
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Credit file clean up, debt sold on, zero balance?
I did the credit file clean up and got my debts marked as 0 balance and partially satisfied. There is 1 account Barclays, that sold my debt on almost straight away - so I have had my credit file marked zero and partially settled by the debt collection company PRA. My default with Barclays still shows, so I have 2 defaults…
