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Overtime/salary
I am finally going to be apying for bankruptcy next month or September. I have recently been doing overtime to stay afloat and manage unexpected expenses etc. With a change in my circumstances with my child I will no longer be able to any overtime so my next 2 payslips will be my basic salary. How will this work for…
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Joint loan still causing problems
I went bankrupt in early 2020 as my ex had left me with a lot of debt in my name and we had a joint unsecured loan which was a consolidation of his debt before we met. This is still on my credit file which was an annoyance as it made it look like I had a lot of credit however as it was being paid by my ex it didn't really…
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Is this debt included in my old bankruptcy?
Hello. I've had a search around and couldn't see the answer so I hope you don't mind Ive asked a question. Sorry if it's been asked before. I am 54 and I was declared bankrupt in 2017. I am disabled (MS, COPD, stage 2 respetory failur) and my partner at the time who, without me knowing, took out two 30k loans in my name.…
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Pros and Cons
Hi I wonder if those with experience of this situation could provide some information please? Thanks in advance When it comes to bankruptcy, does it matter whether you do it yourself, and or let a creditor make you bankrupt? If you apply for bankruptcy and end up becoming homeless, what that be seen to be "Intentional…
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MIB - Bankruptcy Claim
I was involved in a personal injury case whilst uninsured unfortunately - the case went to court and the driver was awarded a sim of money from the MIB. Subsequently they have now passed the debt to Weightmans solicitors who are acting on their behalf. I was made bankrupt in June 2018. The actual personal injury itself…
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Public Liability Insurance
Hi, I had a DRO which discharged in December 22. I am now finding it imposible to get public liability insurance for my new handyman business. Obviously I don't want to be ripped off by a charlatan outfit. Any advice?
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the advert on Face book
an advert on face book saying you say Brit con as a money making investment is that a scam
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Cant get bank account
wonder if anyone else has similar experience. I was discharged from bankruptcy November 2022. Not much else on my credit file since then. Want to apply for new bank account with more features and looked online for 'bad credit digital banks' Applied for Starling got turned down. Then tried Monzo who state clearly for bad…
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IVA or remortgage?
Bit of a complicated situation I have, and one I could really benefit from getting some advice on... I've been living with unsecured personal debt for as long as I can remember. Currently 1 personal loan that was initially taken for debt consolidation, 2 credit cards, 1 loan for a new boiler, 1 loan for a new kitchen and a…
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Simple Assessment Letter
Hi guys Today I have recieved a Letter from the HMRC stating I have not paid tax during my bankruptcy. But, my understanding was my tax was paid to the Bankruptcy? What's are my options? I've sent an email off to the people I'm paying my IPA to as I can't find contact details for my bankruptcy. I was discharged April 2022…
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IP taken over as trustee
Hello all, This is my first post so please forgive me if I waffle. I was declared bankrupt back in November 2022. Had interview with OR and IPA assessment with no IPA set. My case was then taken over ant the end of January by an IP due to my name being associated with my husbands business that is in liquidation. He has…
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Bankruptcy Home - Charging Order
Hello, I had a bankruptcy petition served by a creditor in July 2019 and was made bankrupt in June 2020. In September 2019, my previous mortgagee (on a prior property) applied a charging order to my current home which otherwise had no mortgage (the amount of the charging order far exceeds the home value). Since bankruptcy,…
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How can I save our home
15 years ago my husband coerced me into taking out a loan and using our house as guarantee. I did not want to do this but was pregnant at the time and he said if I didn’t we could lose our house due to his low wage. The business failed, but prior to this he took out a 15K loan as a sole trader with the other business…
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DRO & Classic Car Valuation
Hi there, I am posting on behalf of my father. Step Change suggests he go down the DRO route because he does not have assets worth more than £2k. His car is a 1993 Daimler that needs a LOT of work on it - currently off road. Money Wellness have looked at Autotrader & say the value should be £8,000 based on the 3 currently…
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Friendly banks for loan for an ex-bankrupt?
Hey all, I was a member on here a good few years ago but I can't remember any of my details so I've created a new account. So I went bankrupt around 2016, no IPA and was discharged as normal after a year. Since then things have improved for me drastically (trust me, life does get better post-bankruptcy!) and I'm looking to…
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Bankruptcy in Northern Ireland
Hello all I am going to have to declare personal bankruptcy. I'm in Northern Ireland and have a couple of queries about procedure if anyone can help? Do the forms have to be witnessed by a solicitor? Can I contact any firm and how much is it likely to cost? Once I submit the forms to the court what are the time frames? I…
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Repaying back a Social Fund after Bankruptcy?
I became bankrupt Nov 2011 - Year later , DWP have now wrote to me saying I have to repay the remaining balance. Is this right? I believed at the time that the whole amount was cleared.
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Getting payment from friends/others
I'm now over 10 months into my bankruptcy. I've not had communication with official receiver/IPA person/s since early April 2023. I'd hope to think this a good sign. I am now less than 2 months from discharge. To clarify I am not working currently, I am on a sick note, and I have not to date been told to sign up to an…
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Request CCA after Defaults Drop Off
Hi, ive got around 11 defaults due to drop off in 2025, all will still have a balance to pay which i will continue to pay. Ive heard that i could request the CCA from the original lender, and if they cant provide this the debt is not enforceable, is this correct? thank you.
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Moorcroft help
Hello Posting on behalf of relative. They have received a phishing letter from Moorcroft but they think it could relate to either council tax or mortgage shortfall debt. The mortgage shortfall debt should have been covered in their bankruptcy. This was 15 years ago. Do Moorcroft deal with council tax and mortgage…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: How's your experience been with a DRO? by elsien
26 August at 8:45PM
