Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

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…
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…
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 *…
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…
Coming to an end of bankruptcy 12 months period
Hello everyone, First of all big thank You to people sharing experiences and advice here was very helpful over time. Currently I'm approaching end of 12 months of bankruptcy process. I shall be discharged just after new year. I know is still few months to go however I would like to be ready for whatever comes on discharge.…
Help please. Is this something from my bankruptcy 14 years ago?
Morning all, This forum was an absolute godsend all those years ago and I find myself needing you again! I’ve had a letter out of the blue today from a company called Capquest. It’s in my maiden name which I stopped using in 2005 but the name I would have used for some pre bankruptcy debts. It tells me my debt of over £4K…
About to go Bankrupt. Need help with SOA please
Hi everyone, Just for a bit of backstory. I had a business and a decent paying job in 2020 but after a series of bad money management and poor investments, it's finally come to bite me. My business owes around 52k (limited company) and my total personal debts tot up to £42,800. I have been on a DMP for a number of months…
Bitten the bullet
Today I have finally bitten the bullet. Paid the money and submitted the application. I came to this forum a bit late but I did speak with stepchange. I feel relieved but anxious about whether it will be accepted. It says they will run a credit check but my score is currently good. It has already warned me that there is…
Finally doing it
Hi all, I've been reading bits and pieces on this forum the last few days and it seems you advise to create a post before doing anything tangible: So, long story short I've racked up lots of unsecured debt over the years (mostly loans and CCs) Somewhere around the £50-£60k mark. It's that bad I don't even know the exact…
Ex-Wife Bankrupt Help needed (Land Charges Register)
Hi All, So my ex-wife went bankrupt back in 2019. We split just before this as she had huge gambling debts that I didn't know about (hence the fact she is now my ex-wife!). I bought her share from the Bankruptcy Trustee about 3 years ago now to stop the house being sold. I am in the process of doing a Transfer of Equity.…
Just to say there is light at the end of the tunnel!
To summarise, due to a financially controlling (now ex-) husband running up joint debts then deserting, I had to go through bankruptcy, divorce and house repossessions (yes, plural- they were included in my bankruptcy but still got all the paperwork and harassment, my ex occasionally paid money towards the mortgages to…
Bankruptcy and expenses help
So bankruptcy has been on the cards for a while now. I’ll start at the beginning. I made cakes for a living and back in 2019 I decided to buy a business so that I could sell supplies, make cakes and even have a little coffee/cake shop, all incorporated. The lady I bought the business from had everything in ordered. Had it…
Small business after bankruptcy
Hi All, My husband and I declared bankruptcy in 2018. Since then we've remained debt free. Through our jobs and freelance work we've saved enough money to launch a small business. We're all set to launch on December 3rd. One of our final tasks is to get public liability insurance. We need this to be able to sell our…
Nearing the end of the 1st year
So I was made bankrupt on the 26th of Oct 2022, that year is coming up soon and my credit report still shows defaults on my report and no bankruptcy. Is this normal? Does it change after the 1st year? Can someone also explain if there are things I need to do in October? If there are things to expect etc please?
End of IPA issues
I was given an IPA at the beginning of my bankruptcy. Over the 3 years it's gone up and down with change in income/bills etc. for the last year after our rent went up we've paid nothing and Advantis ring every so often to check for any change of circumstances. 3 years since the start of the IPA were up last month and I've…
Bankruptcy unable to sell proeprty
I have had my flat on the market for nearly a year. I’ve had 2 buyers drop out and my fixed term has now ended, I am unable to afford the mortgage as it will double. I have taken advice and believe bankruptcy may be the best option. The property is negative equity anyway so I’m not worried about keeping it. Does anybody…
Is my post-bankruptcy mum's money now safe?
My mum was bankrupt in 1998. She assumes it is discharged after all this time but does not have any paperwork. We cannot find her on the Insolvency Register. However when she tried to cash in a pension pot of £35k in 2017, the pension provider informed the official receiver who then claimed it all and she never saw it. I…
Bankruptcy affected by cash in hand earnings prior to applying?
Long story short...I've been sitting on a pile of debt for a number of years and been an ostrich about it by ignoring it because the thought of facing up to it gives me severe anxiety, but I need to sort it for my own mental sanity and to be able to move on with the life. I currently owe the bank approx £50k for a…
Civil National Business Centre claim form (United Utilities)
Hi I have received a claim form from UU via Civil National Business Centre. I need to respond to it today and I do owe the money they are requesting. I am just wondering if there is any advice on the best way to respond to it? Possibly to slow the process down?
End of my IPA...
Evening folks, My final IPA payment is due at the start of September. Once that is made, am I meant to inform/contact anybody? Still have another year of a BRU and was wondering the same when that ends? Thank you
IPA
Hi Firstly, apologies if I get some of the terminology wrong but I need some more advice please. My Brother had his Bankruptcy Order granted on 02/08/2023 and has been contacted for a cpl of pieces of further information but not much. Today he received an email which said after reviewing all the information they saw no…
I feel stuck!
Sorry if this is the wrong place I just don’t seem to know what to do, I’ve sought advice from different places - basically I owe around £7.5k in total, £3500 is council tax arrears , it was £5000 but I’ve been paying £200 a month through debt recovery company and I feel I’m constantly playing catch up as once I’ve paid…
Council still taking money out of my benefits (After Bankruptcy) who do i contact? x
Hi. I was signed off from bankruptcy about 4-5 years ago due to a partner taking out three loans in my name and vanishing (long story). 7 months ago I received a letter telling me the council would be taking money out of ESA due to an overpayment in 2012. (I went BR in 17). I spoke to CAB who said I should write two…
Bankruptcy company shares
Hello, I hope everyone is well. I help some help and advice. Myself and my business partner have a 50/50 split in a company. He is about to close down another company he has and look at personal bankruptcy. He wants to transfer his 50% to his wife before and then file for personal bankruptcy. He is a essential part of the…

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