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Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

Workplace savings
Hi all, Quick question. I am entrolled on my company share and savings scheme. Currently £30 per month auto deducted from my wages. Would bankruptcy put a stock to this? TIA
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…
New to Bankruptcy. What’s next?
Divorce after 22 years later where no assets were involved and my ex took around £37 k loans in my name, I applied for bankruptcy at the start of this month and was granted on 5th of June. Since then I received a few emails, which I replied promptly. I never received a phone call and no documents being asked so far.…
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…
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…
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…
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…
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…
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.
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…
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…
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…
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…
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…
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…
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…
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.
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…
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…
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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MSE News

Martin Lewis: Mobile and broadband mid-contract inflation hikes are BANNED – but there are winners and losers
Inflation-linked broadband, mobile and TV price hikes have been banned. It means some will see bills rise by a specified amount in pounds and pence going forward. However, MoneySavingExpert.com founder Martin Lewis has warned that many WILL still see above-inflation rises in future despite the new rules.
'Catastrophic' Council Tax debt collection practices to be investigated by Government – Martin Lewis says move is 'brilliant news'
"Catastrophic" Council Tax debt collection practices – that can see bailiffs at your door within six weeks demanding payment for the whole year despite missing just one month – are to be investigated by the Government. It's a win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI) who've campaigned against this rapid escalation.
MoneySaver's 'unbelievable' £675 refund from Complete Savings – how to check if you can claim too
MoneySaver Ray secured a £675 refund from Complete Savings after reading our warning about the 'cashback with a catch' site's misleading 'click to claim' ads. And Ray's not the only one, as we've been swamped with similar successes.
Origin broadband customer? You'll soon be moved to Utility Warehouse – here's what you need to know
If you're an Origin broadband and home phone customer, you'll soon be automatically transferred to Utility Warehouse – but your service will continue as before and you should keep paying your bills as normal.
Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and savings
The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.
Is now a good time to fix your mortgage or should you wait? Brokers answer as rates continue to fall ahead of expected Base Rate cut
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait?
Fixed-rate mortgages continue to fall ahead of expected Base Rate cut – so do brokers think now is a good time to fix?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further?
Martin Lewis: How to call your bank by dialling just three numbers
How to call your bank by dialling just three numbers… simply dial 1-5-9. Then you know it's legit. Watch MoneySavingExpert.com founder Martin Lewis' video below, which explains it. And please share – the more people know, the fewer will be scammed.
Martin Lewis: How to call your bank by dialling just three numbers – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.

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Bankruptcy & living with it

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