-
Removal of IVA from credit file
Hi anyone with experience of IVA dropping off credit file, and how long it took. 6 year mark was 13th March and it’s still showing on all credit files. Is this normal? I know someone will say send completion cert but I don’t have that yet and can take up to 6 months apparently
-
Failure to close a credit card during my bankruptcy
Hi I have just been notified that 6 years have passed since I was declared bankrupt and my CCJ has been removed from my file. However, when I went to upgrade my bank account, it was refused because of my credit report. On further investigation, a credit card with the Halifax I opened before bankruptcy is showing default…
-
IVA finished but I am getting emails, texts and calls saying I owe money. Please help
Hi, I am really stressed and don't know what to do. I have had an IVA for almost 6 years now. It was to be 5 years but they reduced my payments when the cost of living shot up so put an extra year of payments on me. My payments are done by recurring payments on my debit card each month and I have never missed a payment. My…
-
Bankruptcy or DRO while living abroad
Hi guys, I have £30000 credit card debt that I soon won’t be able to make minimum payments for. I would like to apply for DRO or bankruptcy but I now live in Czech Republic. I meet the criteria as I have been a UK resident in past three years. Does anyone have any experience with dealing with DRO or Bankruptcy from outside…
-
Bankruptcy notice wrongly added to Title Deeds
My son is buying a new house but the solicitor has found a Bankruptcy notice on his Title Deeds dated 2016 which is nothing to do with him. He called the court where it was issued and explained whats happened and they asked him security questions. Name, ref Number date of court hearing, which was fine, then address which…
-
Bankruptcy while in debt management plan
I have a debt management plan (DMP) but its getting increasingly more difficult to keep up with payments. I haven't worked since Dec 2022 because of illness so am in receipt of PIP. The DMP company have reduced payments but of the £90 I pay monthly they take 50% for commision. Is this normal or can I go bankrupt still as…
-
Help needed
In 2022 I was made involuntary bankrupt. The whole thing been a nightmare as when the ruling was made I was sectioned under the Mental Health Act, couldn't attend the hearing and then had appeal blocked. To add to it I knew all along I was owed more than what the creditors would be but hadn't got the funds in due to…
-
Need advice on going bankrupt with a business
A company I owe money to is trying to make me bankrupt. The debt is large and is 5 years old. I have no means of paying the debt at the moment and probably won't for a while. I can pay say £500 a month. But they would not accept that as the interest is eye watering and compounds daily! I am however self-employed and have…
-
Bankrupt still affecting me after 30 years
Can an insurance company find out if I was bankrupt 30 years ago? My home insurance is £50 more expensive if I declare it.
-
Bankrupcy Advise - Re House / Mortgage
Hi AllA friend has built up a large amount of debt (tens of thousands) over the past couple of years without telling his partner. He has since told his partner of the debt and is thinking of going bankrupt but how does that affect their joint mortgage? Thanks
-
Bankruptcy and allowable expenditure
Hi all, hope someone can share some advice with me regarding "allowable expenses", I've been doing some research myself but been unable to find. This would be personal debt related.As far as I understand there is a spreadsheet showing what is considered to be an allowable expense and I must fill this in but my problem is…
-
Bankruptcy 30 years ago
Just by chance I checked the London Gazette and friends bankruptcy still listed there. AND a new notice for people to claim dividends complete a form and apply to the receiver. Why would this happen now? And a court number.
-
DRO - Budget changes
DRO's soon to be free (no fees), upto £50,000 total debt and a car ignore value of £4000 Welcome news to many i suspect "In this week’s Spring Budget, it was announced that the government is removing the £90 administration fee for Debt Relief Orders (DROs) from 6 April 2024, and raising the maximum debt value threshold…
-
Opening a basic bank account but with no credit file?
Hello, I'm an undischarged bankrupt and looking to open a basic bank account. I'm of somewhat elderly years and have ZERO credit history: I've had no credit cards, personal loans, energy bills which have been in my name, phone contracts, TV subscriptions, etc, etc. So nothing on any credit file about me. I've been using a…
-
Bankruptcy approved - what next
I applied for my bankruptcy Thursday evening and got approved today. It happened much quicker than I thought it would and havnt had to provide any pay slips or bank statements etc Will I still need to provide these and will I still have an interview with the OR? There's no mention of an IPA, I don't think I would by my…
-
Paid off mortgage ( post bankruptcy) and money in suspense account
Firstly, I would like to thank anyone in advance who reads and advises on this post, and to say to anyone struggling that although I was devastated when made bankrupt, everything passes and things do get better. To my dilemma and some background for context. My O/H and I were made bankrupt after a business issue where the…
-
Creditfix iva
Hey guys, I won’t lie I’m stressed to death. I agreed to an IVA with Creditfix then I realised it’s not for me and I’m looking to stop the process, there hasn’t been a creditors agreement yet until the 4th of March, I rang today a few times to see if I could get in contact with someone to cancel this and they have kept…
-
Ending IVA
Hello, I have been on the phone to citizens advice this morning who feel that I was miss sold my IVA in October 2023. I am no longer able to meet the payments they require and will be terminating my IVA to go ahead with Bankruptcy. If I was to contact my IVA supervisor to terminate would they still want payment at the end…
-
How does joint income expenses and ipa work?
Just trying to get my head round things for impending bankruptcy. Me and my partner have just had to give up our business due to becoming unviable re energy costs. We lived above so also have had to move to temporary accommodation. One of our creditors has petitioned for bankruptcy which we won't be challenging. Obviously…
-
Debt Relief Order and Credit File
My Debt Relief Order was agreed March 2018 and discharged March 2019. Should the default stop showing on my credit file March this year or March 2025? Thank you
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.9K comments
Most recent: IVA and Trading prop firm by ManyWays
31 August at 4:51PM
