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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…
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Post-BR & Utility DDs
I came out of BR almost 12-month ago, which was a positive event after the anxiety of the previous 12-15 months. OFGEM recently announced the new Gas and Electricity price cap, which was a reduction of just over £400 on a typical household usage/bill per 12-month period. However, on the same day of the announcement, I…
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Bankruptcy, is this normal?
Hi, I went bankrupt 4 weeks ago, and I'm just really confused about the process so far. I did lots of research so I knew what to expect as I have ongoing mental health battles mainly with anxiety. So far everything had been done via email... Some of it seems to be standard they send out but I then had to reply to an email…
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Considering bankruptcy
After a long time of consideration I am very close to declaring myself bankrupt. I have around 55k in personal debt (25k BBL, 2 personal loans and a couple Credit cards). i'm not behind on any payments, but I did a debt management plan and it would see me paying around 500 a month over 10 years. After doing lots of…
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I desperately need some help/advice...
Hi everyone, I desperately need help to decide how to proceed with my self-made debt crisis! Can anyone please help advise me? I formed a LTD company in 2021 to pursue a business idea (only me employed/involved) and having foolishly gambled on marketing spend have run up a (100%) personally guaranteed overdraft and…
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Post / After bankruptcy Self Employed Sole Trader buying stock or personal vehicle Catch 22
Hello all. Checked the forums re this subject but found nothing but pre-bcy advice. As a sole trader Motor Trader starting from nothing I have encountered these issues: how do I get stock? Yes I can get a few cheapies on consignment to make a few £'s but I still have expenses and to live so how then if I make a good profit…
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Ex-bankrupt and job in financial services
Hey, I’m sorry if this has been answered before. I can’t find a relevant thread. I was declared bankrupt in 2012, discharged a year after. Worked up towards a good credit file. I’ve had credit cards to build up my score and they’ve always been paid off on time. I’m looking for new jobs just now and some have caught my eye…
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IPA Quickies
Hi All, and just a couple of IPA quickies if I may. Once an IPA figure has been 'agreed', any idea when the first payment is due from that date? Is it also advisable to mention that you have have taken budgeting advice from any of the debt charities? Thanks All.
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Letter from the insolvency service
Hi all I received a letter from the insolvency service informing me that there remains a surplus of funds in the account and that they will be returned to me. They are asking for my driving licence or password and a utility bill. I was declared bankrupt 12 years ago and I am no longer bankrupt. is this a scam or is it…
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Bank account after Bankruptcy
Hello, I went bankrupt in 2017 & this is due to be removed from my credit file later this year. I currently have a basic bank account, but would like to get a current account and a joint account. has anyone tried this once their bankruptcy had been removed? I don’t want it to be refused, thus impacting my credit score. The…
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Pet Health Care plans - are they worth it?
Hi. Grateful for any help/advice. We are just about to add a puppy to the family and I've seen that many vets, and places like Pet at Home, offer annual Health Plans that cover things like vaccinations, boosters, annual health checks, flea, worm and tick treatment etc. for a set monthly fee (often with a one off sign-up…
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Mortgages after bankruptsy.
Hi all. Been on here for a while. But cant really find anything more up to date. I went bankrupt in April 2021 and discharged a year later. When I got discharged I got in touch with multiple mortgage advisers to see when in the future I could look as possibly obtaining a mortgage. They all seemed to say after 3 years of…
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Suspension of discharge hearing
If you're not contesting it do you have to a attend a suspension of discharge hearing? Can't find any info on this elsewhere. Thanks.
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Pros & Cons of a DIY Bankcruptcy V Creditor Petition ?
Hi everyone, I'd be grateful to get some info on pros and cons of a self-bankruptcy application, Versus, Bankruptcy via a creditor petition? The only asset is the house with limited equity, that could be shared between a number of creditors, once they sell the house (House in joint name, only one partner to become…
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Facing up to my debts.
I’m so ashamed of my debt and have been burying my head in the sand but need to face reality. I have about £30k of debt. I earn £47k per year ( single parent working full time with a small amount of Universal Credit.) Debt is made up of credit cards, loan, store card and overdraft. My monthly income is around £3000…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
