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Selling a home after bankruptcy
My partner and i divorced 8 years ago and i went bankrupt in 2012 as the house we had together was in £100k negative equity. My partner now wants to sell the house and my name is still on the deeds. Do i have to pass my part of the house to the official receiver as the house was part of my bankruptcy? Also am i legally…
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New bank account not basic....
I’ll be submitting my bankruptcy application on 2nd May once my household dd have been paid. I applied online for a Barclays basic account and moved all my income and house direct debits to secure my income as I was with Natwest with a large overdraft and didn’t want to be left without any income for the essentials. I have…
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Gambling addiction
Hi, I'm hoping someone can answer a question I'm too ashamed to ask face to face. When filing for bankruptcy, will having a gambling addiction mean they will still treat you as any other debt you can not pay?
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Bankruptcy / IPA Question
To be brief, I'm going bankrupt next month. Most of my debts are credit cards, one loan, and one overdraft. I was self-employed but my income has dried up recently so I have applied for universal credit. From what i've read, i will not be given an IPA because my sole income is benefits...but i was wondering - does this…
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Npower advice
I have significant arrears with Npower for gas & electric which I included in my BR application, which was approved this week. I'm wondering what is best to do next... I am on the most basic of tariffs they do as I never switched when we moved in in October (ill health, bereavement... I'm usually better than that) but now…
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OR interview
Myself and my husband applied for BR on Monday which was approved on Tuesday so now we are waiting to hear from the OR. I'm absolutely dreading it. I know everyone probably does but I am currently suffering extreme ill health, physically and mentally including severe debilitating anxiety. Am I right in thinking, under…
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Declared Bankrupt December 2016, discharged 2017, just bought a house :)
Hi everyone, not hear to brag but wanted to share with you all that i just got a mortgage, with a 20% deposit, just over 2 years after being discharged :) Hopefully in these crazy times people will find some comfort in the fact that it is definitely possible, and bankruptcy isnt the end of the world!
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Bankruptcy in Northern Ireland
Hi Can someone advise if they ever declared bankruptcy in Northern Ireland and what it means and how it affects you and living? Thanks
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Loan deferment to pay bankruptcy fees
I will be submitting my bankruptcy once I get paid and my household direct debits come out at the end of the month. I can pay the fee if I don’t pay the creditors the loan payments this month. They are due out the same time as the bills though. I can defer them though due to the covid help. Would this impact my bankruptcy…
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Reasonable Expenses
I'm sorry if this is something I could find elsewhere - I tried and failed! Is there a guide to what reasonable expenses would be considered on bankruptcy application? Maybe per adult/child or whatever. I have a feeling some of mine are higher and would be frowned upon so I'd like to be prepared to justify if necessary!…
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Adverse mortgages
Hi everyone, hope you are all well. Not the best time for asking, but does anyone have an idea what deposit would be required and what rates would be at this present time for a 2 year, discharged bankrupt? And if you could, what that would look like at 3 years discharged? Thanks
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Redundancy whilst in sequestration
Hi, wondering if anyone has experience of this and what to expect. I may be made redundant and I have just over a year to go until I complete my sequestration. I know that the trustee of my sequestration will take a good chunk of my redundancy package, I'm just wondering if I will be left with anything that I can put by to…
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Company bankruptcy question
Hoping someone can help a friend of mine out... If someone sold something at auction, the purchaser paid for the item but before the seller was paid the auction house declared bankruptcy, what would happen to the money? He’s not had his money for an item they sold for him before lockdown came along, and he’s panicking that…
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No income company director
I am the sole director of my limited company. Trading has ceased altogether due to the coronavirus. Personally I now have no income and am entitled to nothing from the government. I have just recently successfully applied for universal credit. My company is due to pay c. £10k in corporation tax on 1st Jan. It is unlikely…
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From an IVA?
Hi. I just need a little advice. I know it could be completely the wrong time to be thinking about this too. OK a couple of years ago I got into bad debt through payday loan cycle and gambling (which I got under control now) so took out an IVA. I pay £152 a month and they say I have at least 2 years of monthly payments…
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Considering bankruptcy
hi, this whole Coronavirus impact has made me lift my head from the sand and realise I can’t carry on like this my debt just doesn’t seem sustainable, I’m a single mum, 2 children. I work part time and owe 30k in loans, cc & catalogues. I was depressed after my divorce and I think I just got in this mess trying to carry on…
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Sequestration (Scotland) rules re keeping car.
Hi I'm hoping someone can help. Made BR and my car is valued at £3250. The rules in Scotland re valuation are different and £3000 is the limit. I was under the understanding having been advised this by debt charity and reading it a lot online that if you can show that the car is necessary and it's value is £3000 or under,…
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A month and in limbo??
Hi, just wondered if anyone else is in a similar situation? I was declared BR on 5/3/2020 today its the 5/4/2020. Two weeks after I submitted my application I had my telephone interview with the OR. I had to resubmit my income expense form as I messed up a few bits but that was OK, it's just to see if I need to pay IPO I…
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Council Tax liability order
Good afternoon I went BR in Feb 2020 and subsequently my attachment of Earnings for CT was stopped for the remainder of the financial year. I received a letter from the district council saying they have submitted a claim to the OR for outstanding council tax for 1 April 2018 - 31 March 2019 and 01 April 2019 - 31 March…
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12 years post BR
Hello, 12 years ago today I went to the Royal Courts of Justice to file my bankruptcy. I used to be a frequent poster here in the Bankruptcy and Living with it forum but I don't come in here often now. The current situation we are all in with Corona virus reminded me that I was so thankful for the financial crash of 2008…
