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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…
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Pre 2000 bankruptcy
I was made bankrupt in 1993 and the OR is now chasing me for my pension. Legislation was changed in 2000 protecting personal pensions but was not made retrospective. I do find it perplexing that the Official Receiver can ignore 20 years of legislation that protects personal pensions in the case of bankruptcy and can insist…
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Breathing Space 20 day challenge
Hi all, Does anyone have any experience of a creditor challenging their breathing space application within the first 20 days? I am considering breathing space and wondered if anyone has faced this challenge or what reasons are their for them to challenge? Many thanks.
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Will payment
Would a solicitor in Scotland check the English Insolvency list if paying a will to someone in England or just the Scottish one as a matter of law ?
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Inheritance whilst bankrupt
Hi, This is a hypothetical question but one I feel I need to know the answer to before potentially filing for bankruptcy. If someone is bankrupt and then has inheritance come to them in the next 6 year period, does that inheritance pass down to them without any problems or does that inheritance have to go and pay off all…
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Interest only mortgage with mortgage term ending and struggling to sell, thinking of going bankrupt.
Hello, I'm in a bit of a pickle which is stressing me out massively and wondered if anyone has any experience. I took out a mortgage years ago which was interest only, that mortgage term end is now approaching so I have 2 options, either sell the property or remortgage it. The problem is I can't sell it as the lease hold…
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start LTD during IVA and secure company money
I have dilemma. i'm halfway through IVA. an opportunity arose to stabilize income through franchises. I want to do this by setting up a LTD company and paying myself as a director a salary and dividend that will cover the expenses of normal living and the rest of the company's income for future investment in the company…
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Bankruptcy questions
After months of worry, I finally applied and was declared bankrupt 2 weeks ago. I’m due to have ‘the telephone interview’ and was wondering how much depth I need to go into with the OR. Also, I took a cash advance on a credit card to help fund a business (solely in my husbands name) should I be honest about this? the aim…
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Income/Expenditure Check
Hi All, I've recently started a new job and have moved to a new address, so the OR office has been in touch to provide an income/expenditure form. I have posted the proposed figures below, I'd be really grateful if someone could review and comment and whether it looks acceptable or whether anything should be adjusted? Many…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
