Bankruptcy & living with it

Archives for February 2018

Mortgage
Hello, we were discharged 2.5 years ago and have now managed to save a £50,000 deposit. Do you think we can get a mortgage now or is it best to wait another year. Thank you.
Questions Regarding Bankruptcy
Hi, thanks for taking the time to read my post. I'm not going to go into the how and why of it. Unfortunately BR is my only option. I do have a few questions to ask though which i am finding very difficult to locate answers on the internet searches. I am hoping this is a scenario someone has experienced before. 1) I have a…
Bankruptcy and my car
Hi, I have a car worth about £1500 pounds, if i was to apply to go bankrupt would i lose it. It is paid for and has no finance on it. The amount of debt i currently owe is around £4500 and i'm not sure what to do. MTIA
before applying iva
i got disposable amount around £140 to pay towards iva with tight budget expenses, after all priority bills paid. do i really need to apply full benefits before applying iva, i am avoiding to get full benefits, at this time just getting Tax credits with child benefit. I think as long as i pay priority bills including house…
Help with Business Truck...
Hi All, Have posted a few topics on here with reference to business vehicle finance etc but want some advice on this one. I had a vehicle on finance with VW which my Dad has very kindly taken over so I'm paying him the monthly instalments not the VW finance direct. VW purchased the truck back off me and then re sold it to…
IPA received, how do I respond?
Good morning/evening (delete where applicable) I have recently received my income payment agreement and I am unhappy with this, and would like to know how best I should respond. In short, I have underestimated my expenditures, and it has been proposed that I pay £602 a month for 36 months. In retrospect, I could have…
Bankrupt - complicated advice please.
A friend was made bankrupt a few months ago. He he has nothing and has been staying with family/friends since. He is living on the good will of family and friends and is getting no benefits or currently working. He has completely buried his head in the sand and has had no paperwork or contact with anyone regarding the…
OR taking money from bank account
I'm seeking some urgent advice. I was made BR at the start of January and had my F2F interview (I owed a lot of money to HMRC) on the 17th January. The OR said during the meeting that, since my income just about matches my share of the household expenses, they had no interest in my bank account, especially as the money…
Is it time to declare bankruptcy?
Hello MSE - I have led myself down a poor road and some advice would be greatly appreciated. Hopefully this isn't too long a post. I have been speaking to Stepchange recently. I am self employed (sole trader). I was set up on a TPP (through StepChange) in the hope that my circumstance would improve. If anything my…
Basic Bank Accounts
Hi all, I'm in the process of applying for Bankruptcy, as in I will be submitting my application tomorrow morning :eek: My question is regarding bank accounts; I opened two basic accounts last July ready for this process, one with TSB and one with HSBC, I've been using the HSBC one as my main account and about 3 weeks ago…
Bankruptcy in Spain? [any advice welcome!]
I am hoping someone here could give some advice are point me in the direction of where I could get some advice to help my brother who lives in Spain. He is an English citizen living in Spain. He took an expensive interest only mortgage out on a property over there around ten years ago just before there was a bit of a crash…
Need to go bankrupt - have questions
Hi, my debts have become too much and after finally admitting to and discussing with my DH we feel the best way forward is bankruptcy. The debts I will be including are credit cards and a loan with 3 years left. I am up to date with energy, council tax etc. I have some questions though. Currently my DH and I only have 1…
Basic bank account
Hi. Has anyone opened a basic bank account ,while bankrupt, with one of the banks they have owed money to ? Would there be any problems in doing so, as I've been accepted for a nationwide basic account even tho I owed them money. Thanks for any help :)
Now bankrupt
Well took the steps to go bankrupt and now it's offical just waiting for the deaded interview and hopefully things go in my fav.
Help me please!
Hi, I’m hoping to get some advice… I’m a 33 year old male with a wife and 2 year old child. I’m in the process for filing for bankruptcy as I owe approx £37k total to 4 creditors I get £1420pm after tax but also contribute £100pm to a xmas savings scheme via salary sacrifice, which gets paid out just before xmas, so I get…
Pension pot
Hi all i was made bankrupt in 2008 and was signed of a year later, during that time i had told them everything but last year i found out I had a pension pot from an old opt-out protected rights pension fund from the 80s that I knew nothing about. I am now 60 and would like to cash it in to pay for a few things, does anyone…
Santander updated credit file incorrectly
Hi We recently used the letter from the sticky to get our credit files updated from our bankruptcy and although Santander updated the default date they didn't change the satisfaction date which is still reading as 2015. Is there anything I can do about this, maybe a letter I can send of some sort? Its just they have 28…
Salary sacrifice
Hi everyone, I am considering going bankrupt after realising I will never be able to replay my debt and it’s getting to me. I have to be realistic that paying small amount not even the minimum is not keeping the away and I have to deal with it. I have on question: I currently have a brand new car through work, under the…
Mortgage after bankruptcy
Hi all Anyone had a SUCCESSFUL mortgage after discharged bankrupt of 5/6 years?? Thank you
Tax Credits Overpayment issues 7 months later.....
I’m STILL having problems with them taking 50% off my current claim for overpayments included in my bankruptcy!! This has been going on since July. I was eventually advised to put in a “financial hardship claim” in November which stopped the reduction but low and behold , it’s starting back up in April :mad: I’ve already…

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Bankruptcy & living with it

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