-
Specific Question Regarding IPA Please
Good evening and thank you for reading my question. I am officially released from BR however I had an IPA placed on me. So far have never actually had to make a payment as for several reasons my income and circumstances changed immediately after. I am now hoping to move in with my new partner asap. If I do so, will his…
-
Statutory demand includes 6.5 yo CCJ
I have just received a statutory demand for the sum of two CCJ's from a debt company (assigned loan and credit card), one of which is now 6.5 years since judgement. I had been paying them off each month then I stopped paying the first when it reached 6 years since judgement. The other has 18mo until 6 years old. The demand…
-
Think Money
Anyone use Think Money for their basic account? Convienient online set up, help with managing money and the pre paid MasterCard - but £17.50 a month!! Doubt that would be a justifiable expense to the OR would it?
-
bankrupt oaps soa advice please
Hello again. I would like your opinion of our soa information. I have split the expenses 76/24% to match our income as the CAB suggested. My only income is state pension. Is it correct that this will be treated as a benefit and therefore not liable to any IPA? Household Information[/b] Number of adults in…
-
Missing payments ... worst that can happen?
Hi - just a quick one from me. With BR being the most suitable and sensible way forward for me I’ve stopped paying credit cards and my loan to save money for the fees and emergency fund. I’ll prob have missed 3 months worth of payments by the time I submit my BR application. At this point what is the worst that will happen…
-
My SOA
Can someone check this? I know I will have an IPA. That is not a problem but I just cannot afford the minimum payments on my CC anymore. They anounted to over £550 a month and that was just the minimum payment. I’ve had to do this by hand as I have no computer to do this the other way. Basic Wages fluctuate between…
-
Undischarged income tax query
I was declared bankrupt last October and my tax went to 0.00 within the first month of BR order, My tax code stayed the same but not tax was paid. I have no payment plan or order and believed the no tax thing lasted the whole period of my BR - So would automatically revert to a usual tax code paid on discharge? However for…
-
Question for a friend.
Hi people. I'm already bankrupt myself, I did this before my accounts defaulted. My mate is thinking of Bankruptcy as well, owes 25k on credit cards, loans, and only earns 18k a year. His cards and loan have already defaulted, would you recommend bankruptcy now? He can't afford settlement figures or can't really afford to…
-
Child injury compensation
Hi, I am currently undischarged bankrupt. I have received yesterday cheque for injury compensation for my child (£700). As it was settled before court, so the cheque was issued on my name. Can I keep the money? Do I need to let OR know? Should I simply transfer that to Child ISA, as it is not my money? Do I still need to…
-
Discharge Notice
Hi all Hope all is well. Just a quick question if anyone can help. I've almost sorted cleaning up my credit file with just one remaining (NEXT). They are saying that in order for them to update their records I need to supply proof of discharge. I don't think I received anything in writing as from what I can remember…
-
A Query about response time.
Hi all, I've been lurking on here for a couple of weeks and the posts I have read have been very helpful. I took the step of sending in my forms for bankruptcy last Wednesday evening, I paid the fee etc. On Thursday morning I received an email stating that I couldn't be found on the credit files and they needed more…
-
Damages for distress - included in bankruptcy?
Hi I know i have similar questions on here regarding this, it now boils to down to the issues of whether damages for distress as awarded by a county court can be included in a BR/DRO I have a free 30 minute advice session with an insolvency practitioner on Thursday but wonder if anyone here might be able to advise in the…
-
bankrupt oaps
Hi everyone. We are both over 70 and after advice from CAB are about to apply for bankruptcy as we have run up huge debts after a business investment failed to turn into a profit. I only have a state pension of £517 per month but my husband has a couple of private pensions which add up to £1632 per month. We live in…
-
My bankruptcy is effecting my wife's credit rating
I was declared bankrupt shortly before I married my wife. She has never had any defaults, missed any payments etc but the bank has said they get the following message as she is considering paying off a loan and taking out a smaller one for a car with lower interest rates and repayments "Do not apply for a loan adverse date…
-
Renting while in Bankruptcy
Hi all I am currently renting a house with my husband and children. Our landlord has just decided that he wants to sell up. We will be given 2 months notice. I'm currently under Bankruptcy until the end of October. Is it going to be impossible for us to find somewhere that will accept us? We have a joint income of £45K and…
-
spouse liability scotland
Hi I was helped by this site 10 years ago when my husband declared bankruptcy. Debts were mostly business apart from 1 joint bank loan of £16k. He was discharged 2014 and we have moved on since then. However, someone mentioned recently that the bank could pursue me for the debt. They didn't pursue me at the time and have…
-
"Beat the Bailiffs" FB Group
Hi everyone, apologies if there's already a thread about this - what do people make of the FB group where they advise against Step Change/CAB and bankruptcy? I have c. £30K of debt, probably more and I really don't know how to proceed. Is there any truth to this '3 letter' process whereby debts that have been sold to debt…
-
Consolidation
Hello Are there any companies out there who would give someone with a fair credit rating a consolidation loan to pay off a debt? Will these credit card companies not prefer to offer an interest free 4 year offer to pay a debt off instead of losing it if their customer can’t pay because the interest is too high? I’m…
-
Credit report - lLoan included in BR has become active after discharge again.
Hey Folks, During my BR ( discharged 30 days ago) All my Loan commitments showed up as default on my credit score which was to be expected apart from one - Ratesetter loan. This loans was showing as still active. I phoned them to ask why this was as it was included in my BR and they said its fine and will take a while to…
-
Is bankruptcy the only option?
All, Supporting a close friend st the moment, they have around £30k worth of debt. They are currently up to date with all payments however this is because they have been borrowing money from their partner. Their partner has now refused to lend any more money as its slow dragging them down also. They have no assets (rent,…