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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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Bankruptcy order - 27th October
Never expected to be back here again after so many years! I went bankrupt in 2008 after losing my house during a difficult period in my life when me and my partner split up. Anyways..... here i am again for a different reason 7 years ago i set up a company and it went from strength to strength until Covid happened, demand…
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Old Charging order and bankruptcy
My husband went bankrupt in 2007 but has 2 charging orders that were put on prior to the bankruptcy. The house was jointly owned (mortgaged) and the debts were solely in his name. We are now looking to sell the house these orders were put on. We have tried to negotiate a lower payment on one (HSBC) and they would only…
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DRO credit file clean up
Sorry realised this is in the wrong place.
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Bankruptcy or IVA - Advice Please!!
Looking for some advice on whether to go bankrupt or go into an IVA. Im already in a DMP with PayPlan but I’m taking on another £40k of personal debt after my company going into liquidation. So my total debt is around £60k. I’m a home owner, but jointly with my wife and also we had help to buy as well. So realistically my…
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How does bankruptcy work?
Someone owes me over £5k. I have a ccs on them for part of the money but can get one on the remainder. 25 years old. So will have plenty of time to pay it off. I apply to the court for a petition. What happens when I get it? I realise that if he is made bankrupt he will not be able to get credit etc so it will hinder him…
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What are my options?
Hi, I'm considering my options - Have been online with Stepchange and the three options were 1) DMP, 2) IVA and 3) Bankruptcy, I'm thinking bankruptcy might be my preference given I have no assets and would like to be debt free and fresh start by 46. Whole host of reasons for my situation (£93+k) in debt, I'll not list…
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Seeking Advice on Bankruptcy and Relocation
I’m an EU citizen who has been living in the UK for the past 15 years. I’m planning to marry my girlfriend, but after reviewing the high costs of the UK partner visa, I’ve decided not to go through with it. Spending over £10,000 in visa fees over the next five years doesn’t make sense to me, especially since the UK no…
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Partner filing for bankruptcy & remortgage
Hi, I would really appreciate some advice as am getting worried and stressed about this! My boyfriend has recently moved in, he does have debts and is looking to file for bankruptcy soon as won’t be able to pay back what he owes. He pays for bills etc into my account each month. I am worrying that when I come to remortgage…
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Bankruptcy questions
Hello Everyone I am going to declare myself bankrupt following advice from Stepchange. I am trying yo get all the info they require to get breathing space before my actual bankruptcy. I am on UC and PIP living in housing association property. I understand that this should be a straightforward bankruptcy and I just need the…
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Bankruptcy 2nd Time with Questions
It looks like i will have to go bankrupt for a 2nd time went BR in 2016 both times family illness have just made it impossible to get out of about £40 grand in debt in council property i work full time take home about £2400 per month my wife can't work and gets pip and we get child tax benefit and Universal Credit which is…
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HMRC bankruptcy and loosing our house
My husband has HMRC arrears as sole trader we had been in a payment arrangement and then they asked for an amount we couldn't pay and basically (their words) they cut the ties and closed us down took away the equipment and our chance to earn and pay back and sold it all at auction. After a mental health breakdown we have…
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Bankruptcy or Lump Sum Iva?
My situation is I am 67 ,in receipt of a State Pension,( £9,000.00 pa) . I am Builder ,but physically now only able to do small jobs, a couple of days a week. I owe currently £50 k to HMRC ,£10 k in Vat,and £ 8k to Barclays in a BBL. Over the years, I have had a few jobs go sour on me and lost a lot of money. I personally…
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Property Charges
Hi, I hope I have the correct section. Please accept my apologies if not. I have roughly £172k of debt secured against a property that is worth £140k to £165k the house needs roof repairs of roughly 10k the and the £165k valuation is if the roof was repaired based on 2 local estate agents valuations. My mortgage is £145k…
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Life after discharge - 13years later
I wanted to share this here to give a tiny bit of hope to people who are in the thick of it right now. I declared myself bankrupt in 2013 after 6 years of struggling, hiding, burying my head in the sand, abject poverty, and personal tragedies. I found this forum extremely helpful at the time and I was a frequent lurker but…
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HMRC on Doorstep
Heya, Not like this wasn't inevitable. I have just missed an in-person visit from the HMRC - she dropped a letter saying she will come back to discuss how I am going to pay in full. Obviously I can't do this as I need to go bankrupt - was hoping it would be them making me bankrupt or IVA company. It says if I don't pay…
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Merged: Previous owner - debt letters
This discussion has been merged.
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OR notifying Landlord of bankruptcy
Hi everyone, My partner was made bankrupt at the beginning of this month. We rent privately in an assured shorthold tenancy. We received a letter today with our address but our Landlords name, which I only realised after opening and reading it. The letter was notifying our LL of my partners bankruptcy and requesting a copy…
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Just applied for bankruptcy
I submitted my application for bankruptcy today. I know the agency have 28 days to make a decision, but could anyone let me know of the actual approximate timescale? Days? Weeks? I have had a letter from a bailiff saying they will be visiting at some point, and am worried that they will turn up in the next couple of weeks…
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Wife possible bankruptcy/DRO?
So never thought I’d be typing in this section but here goes so we had a visit from a lady yesterday and it was from HMRC turns out my wife hasn’t paid or filled in any tax returns for the last few years to the amount of 20k!!!. Now putting aside I’m going to have a sit down and talk things through with her she has no way…
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Troubling Trust Deed - Potential Scandal?
My case highlights what I believe to be a systemic problem in how Trust Deeds are being sold, administered, and overseen, which risks leaving vulnerable people trapped, exploited, and paying more than they ever owed in the first place. When I entered the Trust Deed, I was put under significant pressure by the referring…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.7K comments
Most recent: Naively have landed myself in a pickle in relation to my IVA by fatbelly
28 October at 9:30PM
