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IPA yearly review
So my IPA is all set to go, just need to speak to the agency collecting it as my wage situation does fluctuate month to month ( i gave a six month average for setting up the IPA). I'm just interested in what happens when they review it after a year and if anyone has experience. Do I have an appt with an assessor again?…
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Debt advice needed
Hi all, Currently 2 months into a DMP with step change for debts totalling 32k. A mixture of personal loans and credit cards. Paying £330 a month at the moment but think in my initial assessment I may have understated costs of food shop etc. Exploring the option of bankruptcy but don’t have a great deal of knowledge. I…
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What is my best option going forward - over £120,000 in debt
Hi All This is my first post, so please accept my thanks for reading and providing any guidance you can offer. NB I'm also hoping I've posted this in the correct area. I'm currently over £120,000 in debt, this is mainly due to a gambling addiction that I have recently take ownership off, I have banned myself from the…
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Bank Accounts for Bankruptcy
Just a quick update, which some may find helpful in the future. Starling have confirmed that I am okay to carry on using the account. Their default stance is bankrupts can use their accounts, as long as there is no overdraft, and no debt with them, although they do take this on a case by case basis. Good to know their…
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Notice of Disclaimer on HP car
Hello everyone and thank You for all support received so far. This my another post regarding my Car on HP during bankruptcy. I received today Notice of Disclaimer Where OR state " disclaim all my interest in hire purchase agreement .... " Please correct me if I'm wrong but I understand that OR letting me to keep car and…
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IVA private rent :(
Hello everyone, Just after some advise. So I am on an IVA (since 2019) we've been with the same LA for 5 + years now, when we moved to my current rental they skipped the credit check. Now after 4 years the landlord is serving a section 21 to sell. We're back on the rental market, which is now an extremely competitive…
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Bankruptcy - allowable living costs
I’m preparing an income and expenditure statement as I’m applying for bankruptcy. Can anyone help please? Do you know if there’s a list of reasonable living costs to include and how much the receiver would accept if I go bankrupt. Many thanks for your help.
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Budget Help
Hi, I am creating my budget for stepchange and have some questions or any advice. I have a partner and two children, I am confused about how much i should put down for things like clothes etc and is there a set amount you have to put down. I am new to this so very confused at the moment
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Hp finishing before discharge
Hello there, I'm looking for helpful advice regarding my case. I'm undischarged bankrupt science Jan 23, currently having car on HP to be finished before my discharge. I have no IPA , and HP company let me keep car as long all payments are up to date. Will my car be claimed by OR when I pay it off ?? I'm bit confused how…
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How long does it take to remove a charging order from the land registry
Hello, I've recently settled an old finance agreement where the lender had a charging order registered behind my mortgage on the land registry. I was wondering if anyone had had any previous experience of how many weeks it takes once the debt is settled before the land registry record is updated? Assuming that people do…
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Debt relief Order...
What agencies can apply for a DRO for an applicant? They have a Stepchange personal plan, sent it to Moneywellness a month ago who have not been contactable (hours spent on phone)
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Finding Accounts
So a bit of a back story I left an extremely abusive relationship which ended in prosecution of my ex partner. I worked up to a couple of weeks ago but have accepted defeat that my mental health and my children’s mental health needed fixing. Unfortunately due to debts I was advised the best way forward would be to go…
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Access to accounts after Bankruptcy
Hi all, I have been browsing the forums for a little while now, and just wanted to get some specific answers to my situation. It's looking likely that I should go the Bankruptcy route (50k debt, no appreciable assets and rent a property), just need to confirm this with one of the advice charities once I have all my figures…
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Scottish Insolvency for a deceased person ...
Hi My other passed away just over 6 months ago, and my dad discovered that she owed around £20,000 in loans / credit card debts due to letters that came via the post. They own the property they live in, but have previously take about a third of the value out in equity. After paying mums funeral there was around £6,000…
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Car Finance charging order against my property, will they take an offer to short settle.
Thanks for everyone's contribution. The finance company took 50% reduction offer so I've now settled it.
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Are StepChange no longer a DRO approved intermediary
Are StepChange no longer a DRO approved intermediary? I was under the impression when I first contacted them last year that they were but now I have uploaded all of the info they need and I have been recommended a DRO by them online, I have got to apply either via Citizens Advice or Money Wellness.
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Can students get a refund if the institution has gone into insolvency?
I am a tutor and the company I was working for announced their dissolution recently. The course I taught cost between £6,000 and £10,000. Some of my students have managed to get a refund some have been told they can't 'because they paid by standing order' and various other reasons. Does anyone have any advice?Is this a…
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Bankruptcy and gambling stories
Hi I've had all necessary advice and currently working with citizens advice. I am going to go bankrupt soon. I owe around 52k its mix of cost of living, spending silly then getting money transfers from cards back into my account and some gambling. I'd like to hear your stories regarding how the or interview went with…
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Bankrupt. Can I request a lower salary to avoid an IPA?
I went bankrupt in February. I’ve managed to find a new job and the salary on offer will mean I will pay towards an IPA. I’m currently not signed up to one because I had no income in the months leading to the bankruptcy, so they’ve delayed the discussion for a few months until I’m settled. Can I request from my new…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by Thymeforchange
Today at 6:48PM
