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Ask a StepChange debt advisor a bankruptcy question
September 2021: We have started a new thread as the previous thread was becoming quite long. If you’re struggling with debt and have a question around bankruptcy, this thread is here to help. There are many trained advisors from the debt charity StepChange here on our Forum ready to answer your questions. They’re…
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Credit Reference File Clean Up - Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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Bankruptcy & Living With It Sticky
Useful Forum threads from this board: * Ask a StepChange (formerly CCCS) counsellor a bankruptcy question * This board is for help not judgement If there are any other threads you’ve found to be particularly helpful on this board, do let me know. Related content from MoneySavingExpert.com: * Debt management solutions *…
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Credit Reference File Clean Up Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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General questions and worries for bankruptcy..
Hi there, I'll be going bankrupt later this month after discussions with Business debtline etc, but I won't lie - I'm absolutely terrified of going bankrupt and what's to come with it to the point I am crying 24/7, on meds to try and help, not eating so I've lost over 3 stone in a couple of months.. I've spent months upon…
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Understanding HMRC repossessing ex's home impact on my charging orders and ongoing arrears
Apologies if this is the wrong part of the forum. I'm trying to understand at what stage I get officially notified by HMRC or the Courts as my ex has been declared bankrupt and HMRC are applying to the Court for an Order of Sale for his house, which he owns but his current wife has an interest and I have 2 charging orders…
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Opening a basic bank account but with no credit file?
Hello, I'm an undischarged bankrupt and looking to open a basic bank account. I'm of somewhat elderly years and have ZERO credit history: I've had no credit cards, personal loans, energy bills which have been in my name, phone contracts, TV subscriptions, etc, etc. So nothing on any credit file about me. I've been using a…
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Can we talk BRO/BRU stories?
Obviously reality has smacked me in the face and the anxiety’s creeping in… I’d love to hear people’s reasons why they got either of these… I’m pretty sure I’ll be getting one when the time comes…. And I’ll suck it up… but hearing others experiences might help settle my mind right now
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Can the hmrc withold my tax rebate?
I was made bankrupt 18 odd years ago managed to rebuild my life and now last year I overpaid tax on when employed and now hmrc are withholding it due to my bankruptcy, which was discharged many years ago. Any advice would be appreciated
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Moved: What do I do? Bankruptcy dro or worse
This discussion has been moved.
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Pre-BR- SOE for review
Good Afternoon everyone. I'm hoping you would take the time to comment on the figures supplied (which are pretty accurate). I'm thinking ahead to a possible IPA. Suffice to say, I have had a horrible few years with illness, taking on my (soon-to-be ex) wife;s debt and now, having sold the house and awaiting the final…
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Bankruptcy and Inheritance
So a Co-executor and main beneficiary (50%) of an estate (house) of £200,000 is most likely to run out of funds before any sale is completed, basically he will go bankrupt What is the stance of the IS in cases like this?
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Bankruptcy and tenancy agreement..
Hi there, I'm currently getting advice about me and my partner going bankrupt - but I'm getting a few different answers in regards to our rental property. We rent privately with an estate agent (no contact with the landlords themselves) in a 12 month assured shorthold, but the tenancy has a bankruptcy clause which says…
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IPA & possible redundancy
Hi all, I've had a quick search through the forum, but can't find any reference to this. Currently in an IPA, which is due to finish May next year. Work have just announced a round of redundancies. I think I am going to be safe, but preparing for the worst, if it did hit me, what would happen to any redundancy that I would…
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Moved: Finding A Reasonably Priced Adverse Credit Mortgage Broker
This discussion has been moved.
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limited Company
I am recently bankrupt. Come theb12 month anniversary and everything being well I will be discharged and will be able to then be director of a limited company. If I own the company and am director what happens to any assets within the company? I am talking about mainly equipment used in the daily workings of the business,…
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Car Insurance
Hi, I have recently been sequestrated (bankrupt in scotland). I am wondering what people's experiences of vehicle.insurance were post bankruptsy. We had a quote for a vehicle that has been inflated by 1000% of what it was before declaring the bankrupsy. I this the norm? I wasn't made aware prior that we would encounter…
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Coast Finance removal of charge
Hi, I am pretty desperate, I have sold my property, but the solicitors have found a charge that was originally welcome finance and is now Coast Finance. I have evidence that this was settled, but the charge was not removed and I now cannot trace any contact information for Coast Finance. What can I do? as we need to…
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DRO confusion
Hi all, Firstly, apologies if this is in the wrong place. So I've been a bit stupid and helped people over the years by using my credit in my name, then got royally screwed when they didn't pay so ended up paying out of my own pocket. The thing is I'm now getting to the point where people have borrowed and I'm unable to…
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Urgent Guidance Please
Morning, I have just been declared bankrupt. I and my wife each have state pension as only income. I also have a small military pension of £222 per month. I had a call from the OR office going through my expense sheet and in the end she said that there was about £239 surplus so would like to set in place IPA for the next 3…
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Statutory demand
So after receiving a letter bank in November 2024. Today some 6/7 months on at 6am. I was served with a statutory demand. My worry is and always has been my jointly owned house. I'll feel terrible my partner will have to lose his home. He didn't create this i did . And I've since moved out. Amy advice on steps from here…
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Bankruptcy (Sequestration) Scotland Help
Hi As the title says, I’m looking for advice with bankruptcy
in Scotland. Hugely embarrassed to say that I have debts of almost £54k. I currently earn £34k and have a private
pension of £9k. I’ve been ill with work
related stress since the end of last year and have now been told that my
employment will be terminated at end…
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Missold car finance & IVA
So in 2 days time I have finished my IVA but on Friday last week I got an email from my IVA company saying they are using a company to see if I have any car finance that was mis-sold, now what I dont understand is am at the end of my IVA, how can they claim back money once it is finished as the earliest any money will be…
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Getting a job before discharge - Early Dishcharge and IPA/IPO?
I am due to be discharged from bankruptcy in December.. When I entered into bankruptcy I was a full time student and will finish my course in August so will be looking for a job from September (3 months before discharge). I am not in an IPA/IPO so if my income increases, will I be made to enter into a 3 year payment plan…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Should I get an IVA? by Bunnyburrows1968
Today at 9:31PM
