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Post Bankruptcy debt
I went bankrupt a number of years ago - nearly 7. I'd quite a bit of debt at the time and went through a lot of personal difficulties. After the bankruptcy order I used a current account overdraft a few times. I didn't know I wasn't meant too as I administered by own bankruptcy. I was hoping I would keep his account until…
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Getting worried about old debt
In 2011 my life went a bit haywire then in March 2012, I was made redundant from my job. In Sept 2012, things had piled up so much that I could no longer deal. I stopped paying my debts and moved out of my unmortgaged house. The last payments on the debts were made in September 2012. The substantive debts (ignoring little…
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Discharged last year - but issue with outstanding secured loan. Advice?
I was discharged from BR in April 2016 (after being granted BR in April 2015). I had a lot of debts included - to be quite honest I was very financially irresponsible in my younger days and accrued over £35k of debt. I had over 20 different creditors. Anyway... At the time of BR, I also had a mortgage for a house I did not…
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Proposed IPA, council tax and tax questions
Hello. Trying to cut a long story short, I was discharged in February and my husband became bankrupt in September last year. The OR wrote to us with a proposed IPA in January but my husband had changed jobs. We calculated an excess of £9.80 per month but they proposed an IPA of £44 per month (exactly the sum they hadn't…
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Changes in BR?
Whats changed in 10 years? does the report still go in the local papers? can a BR applicant still go DIY at the court?
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The Moral Issue
Is it just me who gets irritated by the 'morally you should . . . . ' brigade? Is that a utilitarian, 'greatest happiness for the greatest number' principle in the wake of Jeremy Bentham or John Stuart Mill, or are you claiming it to be a categorical imperative along Kantian lines, or maybe an RM Hare form of…
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6 yrs post BR and creditor chasing me
Hi there, This has probably been asked before so apologies in advance! (I had a quick look through and couldn't find the answer btw) I am now 6 years since BR and I've had a debt collecting agency appear out of nowhere chasing me for council tax that was for a period prior to my bankruptcy. Apparently as I hadn't listed…
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Going BR
Hi I am unfortunately left with no choice but to go BR due to my marriage breakdown and inability to pay my debts alone. My debts total £28000. My question is should I file just before my direct debits/ card loan payments are due or after bearing in mind I can't really afford the cc or loan repayments anyway. Thanks in…
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Mortgage After Full and Final IVA
Hello, First post here, so my wife and I entered into a F&F IVA in June last year, which completed and closed in February this year. Our question is that we have a genuine need to move home in the next 12 months. We have a lot of equity in the house and would probably need around 65% mortgage. I have read on other post and…
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Need honest advice about potential bankruptcy
Hello! I really need some honest, but non-judgemental advice on bankruptcy. I am desperate to get out of my job and go back to uni. However, I've used all of my student finance and can't afford to fund myself. I'm already in a small amount of debt (about 3k) that i am currently paying off weekly - and even though i doubt…
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Question regarding paying towards bankruptcy
So as title suggests I am wondering how it works? I am on income related benefits due to a massive change and have put in my application for sequestration next stage is getting my fee together. If my budget shows an excess does this mean it should be paid to the potential OR? Or is it different when it's a benefit only…
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IPA Advice
Hi I have been trying to find answers to this question over the last 2 weeks. I have read numerous articles, cases etc an I am somewhat clearer but not that much. I entered bankruptcy at end of march 2017. I have not yet had an income and expenditure review for an IPA, the OR advised that they needed to cancel an…
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Help releasing equity
Hi, I am new to posting on this site but seen all the help and support offered to others recently and could really do with some advise on starting a new chapter for myself. Where do I start, well, I am 37 years old and get married in June to my wonderful fiance who I have been with for 5 years. I mortgaged my house in 2004…
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IVA or not to IVA?
Hi, I have just made the difficult decision to enter into an IVA in order to sort out my debt which is made up of credit cards. I have managed to pay my credit card payments each month, only to supplement my day to day expenses such as food shopping by borrowing more off the cards and using my overdraft. I contacted the…
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shared ownership repo
Hello, I've a hated shared ownership property in negative equity I think the only way out is voluntary repo & bankruptcy, in doing so I expect to build up a debt with the HA, would it effect re homing under a different HA? also does anyone know how quickly a HA moves to evict? Can they only evict at the same time as the…
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Credit file confusion
Just a query Imy husband and I are 3years discharged from BR and have started to get our credit files in tact We were BR due to a NR mortgage and negative equity We completed the clean up process and with equifax our files show all green and settled balances however we have looked at Experian after being declined for a…
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Just been discharged!!
Hello all, So I've now finally been discharged from Bankruptcy Woooo! :T When exactly should I apply for a credit building card such as capital one or aqua? All advice and suggestions welcome on improving my credit score. Many Thanks
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household income
hi, yet more questions arrising i am filing for sole bankruptcy next week, how and what of your household income do they take into account when they decide IPA? my husband is currently working for an agency so could be laid off at any time, his monthly take home pay would be approx 1000 once you take off his share of rent,…
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IPO and IPA
Hi guys busy completing a form to get assessed. I have went back to work part time and was honest with the of and informed them. The new form is scary and hope I don't have to pay it. Basically I come out with £1000 a month I pay childcare and contribute to bills and rent but hubby pays more has his own debts and 2…
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Advice needed
Hi, I desperately need some advice regarding my debts and the best options available to me. I have contacted Stepchange and the adviser was great, but before I accept their advice, I wanted to get other people's opinions on my best course of action. In short, I owe almost £80,000 in unsecured debts. I sold my house (no…
