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When will i Hear
Hi, I was originally meant to be made Bankrupt on the 18th Feb but it was postponed until the 23rd of April, I have had no contact since the 16th Feb from anybody regarding it and was wondering if there is anyway i can find out if it went ahead or not, or if not how long I will have to wait to hear from someone, cant sleep…
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Discharge after BR
Hi all Husband went BR on 18th April 2018. Insolvency register still shows him as BR. Is this something we should chase up with the OR or will it change by itself? (I know its only a week but its a big deal to him, fresh start and all that) Thanks L
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6 months in , new job offer.
I’m 6 months in my bankruptcy, I’ve been working solid and just getting by. I pay a chunk of £260 per month to my payment plan. I’ve been headhunted / offered my dream job, same money as I’m on now, but walking distance from home. I currently commute a 50 mile round trip. (That’s about £200 a month in fuel costs) This…
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Iva
HI guys Bit of advice needed please. I entered into an IVA last June, at the time I was very depressed and just didnt care, I really wish i had have thought about the impact of an IVA at the time. Anyway, my debts were roughly 15K, and i was due to pay £120 a month I have got a new job however and its much better paying,…
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BR or IVA and Child's DLA?
I'm trying to work out what options we have to deal with our debts, I owe about 22.5k and my partner owes about 42.5k, all to different creditors. All was going well until I had to stop working 18 months ago, since then I've buried my head firmly in the sand and now the situation is getting really bad, I've already got one…
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Worried about catalogue credit !!
Everything seems to be coming to a head with my debts- credit cards, loans and catalogues and I am beginning to think that bankruptcy is the only way forward. However, I'm really worried that the OR will want to go through all my statements to see what I've foolishly spent my money on. Last summer, a blow-up hot tub seemed…
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Last resort
Hiya I’ve been keeping my head above water (just) for the past year. I can off the top of my head recall around £20 grand of loan/credit card/ catalogue debt and water board. I’m on a low rage, working 20 hours at £9 an hour, a single mum of 6, 3 are adults 1 working, 2 on apprenticeship. And 3 under the age of 10. I have…
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Opportunity to earn more money - can I negotiate?
Hi, I was discharged from bankruptcy after a year in October 2018. I did pay an IPA (of £30) briefly, but haven't been paying it since before I was discharged. However, I know that as I was given an IPA at one point in my bankruptcy, I still need to declare a change of circumstances to the OR or to the company that used to…
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trustee being unreasonable
hi i am having issues with a bankruptcy trustee, i am trying to make an offer to settle the debts to stop them selling a property. they are charging interest on debts that were previously in a debt payment plan, they have also said because i failed to pay a CCJ of £2200,00 before i was made bankrupt the debt has now gone…
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Notice of Intended Dividends?
Just found this about our case online what exactly does it mean? In Bankruptcy NOTICE IS HEREBY GIVEN THAT, Pursuant to Rule 14.29 of the Insolvency Rules (England and Wales) 2016 (as amended), that the Trustee of the above mentioned Estate in Bankruptcy intends to declare a first and final dividend to ordinary, unsecured…
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Bankruptcy being threatened.....Urgent Advice Please!
I am being threatened with bankruptcy by a most unprofessional individual who will not listen to reason. I owe around £19K to company (doesn't matter why) and I admit the debt. I am selling my home, and I have over £300K in equity in the property. I have received an offer on the property and we are about to exchange…
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Receiving letters from creditor post bankruptcy
Hello everyone. I declared myself bankrupt over 2 years ago and was discharged 12 months later. Anyway, I haven't heard anything since from any of the creditors except for one, who keep sending me letters every 4-6 weeks. The letter is a "notice of sums in arrears" showing a breakdown of the amount owed etc. I've phoned…
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IVA Firms reccomendations please?
Im concidering an IVA and would like to seek futher advice. Does anyone have any recommendations as to who to approach please? Im particularly keen to avoid firms that want you to take out a secured loan if you cant remortgage. Im looking for great communication and customer service with direct acess to the IP rather than…
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IVA help - Car finance
Hi, I have entered a IVA with creditfix (wish I did more research but that’s another problem), As part of my agreement I have to hand back my current car and get something under £250 a month, I was happy with this and obviously said I need the car until I have the new one on my drive otherwise how would I get to work, I…
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Advice on dro
Hi just a bit of advice needed im considering really sorting my debts out my spending as spiralled out of control and a really need a fresh start. im lookin into a dro what someone told me about so just any information a can get off here would be much appeirated. I have posted a soa basically all the debts we have are in…
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debt management and business credit
hi, i have a capitol on tap business credit card, would they close my account or would it be effected if i personally go in to debt management on my personal credit card debts ? i am a director of ltd company and capitol on tap gave me 6k limit on card. thanks in advance
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Student finance and bank accounts for IVA
Im currently a student working full time plus 9k student finance loan. Im considering an IVA. Im going to assume that my SF loan wont be taken as part of my income for assessment as its a loan? If it wouldn be then i wont bother having it. I bank with Llyods and Halifax... i will need a bank account that is run by an…
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Default after 6 years. Nram
Hi I want to thank you for the support over the last 6 years + I check this forum 1-2 times a day! I went bankrupt in Feb 2013 (due to being sued by an ex-employer) Discharged in 2014 Have had a vanquis, marbles and capital 1 card - all managed well for purposes of credit building. In march 2019 (6 years have passed) -…
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Credit file help
Hi Asking for my partner but we are having a few issues with our credit file with NRAM We did our BR in April 2013 and discharged 2014 we done the credit file letters as advised and credit file was all good We have now had our credit reports this month and our BR has gone from the reports ( hooray) but my partner has…
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My journey
Hi all, I thought I’d write a post to share my experience of Bankruptcy. With around £35k worth of debt and Baliff’s constantly at the door I was always on edge. Sunday’s and bank holidays, after 9pm and before 6am were the only times I felt safe to relax! Took the plunge on the 17th April 2018, less then 24 hours later I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
