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Pre Payment cards when entering bankruptcy
HI there My partner is about to go bankrupt. She is self employed and needs to ensure that important direct debits for the business (Zoom subscription for example) are not interrupted. I'm wondering if pre-payment cards are treated the same as bank accounts when entering bankruptcy, and could be an alternatice Could she…
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Budget and IPA questions.
As I mentioned before I am a bit late finding this forum but any help is very much appreciated. I suspect I will have an ipa :neutral: I am still waiting for my interview and want to make sure I get my figures right so I'm looking for advice. I am a single parent of a 17 year old and my income is £3496 including work,uc…
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Bye Bye Bankruptcy
Unfortunately my threads from 5/6 Years ago have been closed, but today my Bankruptcy disappeared from my Credit File. I moved from Scotland to Wales six years ago in order to go Bankrupt with £100,000 plus of debt mainly owed to Cabot et al ... The reason for the relocation was to ensure that I never faced an IPA as in…
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Do all bank account get frozen?
I was declared bankrupt on the 29th and I have opened a new account with Monzo. But I am unclear what is meant to be happening with my old account. I thought it was meant to be frozen immediately. Direct debits are going through as normal. Am I able to use this account or does the freeze take a few days?
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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.…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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?
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Bankruptcy
Hello, I’m currently looking at bankruptcy as my only option, I have a lot of debt from an abusive ex partner. Anyway 1st question I have a car, I’m not sure how much it’s worth but I use it to drive my kids to school and for my university and placements so will this be taken off me? I read that they can give you money to…
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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…
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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…
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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?
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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…
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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…
