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Money back after discharge of Bankruptcy
Does anyone know if its normal to get money back after being discharged from a Bankruptcy. My elderly mother was conned out of her life savings and ran up large credit card debts while the man who stole her money kept telling her he would pay her back. She declared herself bankrupt when i found out what was going on. This…
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Bankrupt - British Gas Ignoring It
Not sure if this is in the right place. I recently went Bankrupt and all my creditors bar british gas have acknowledged it and taken the relevant action. British gas say they havent received the 2 notifications from the insolvency service (yet all my other creditors did). I have web chatted with them 3 times, they didnt…
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going bankrupt
Hi I have over 60k worth of debt after leaving abusive relationship and having to give up my mortgaged home, after they sold it, I was left with £54k debt as well as £2k on council tax for that building. I have debts of £5k-7K on gas and electric and old pay day loans from when I was in the abusive relationship, After…
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Sequestration recalled - what now?
Hi, I was sequestered because of one debt. I paid this debt and it’s been confirmed it’s ‘recalled’. when I have Googled how long after sequestration can I open bank account, apply for credit etc. but is the situation any different for me because my debts were paid off, nothing was written because of the sequestration. I…
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Mortgage transfer after bankruptcy
I was declared bankrupt in 2014 so my 6 years is well and truly over and my experience well in the past... I've just received a letter to say that my mortgage (that was included in the bankruptcy) has been transferred to another provider (NRAM to hessonite). The letter is not a demand for money but does give their account…
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Coming into some money after my discharge
Hi, I declared myself bankrupt back in July 2019. I was discharged as normal a year later in August 2020. I have been making my agreed payments to my trustee and everything has been going fine as far as I am aware. I am due to make my last payment to them this month. I am needing some advice as I am due to be paid some…
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Car Finance
Bankrupt in Jan 2018, discharged Jan 2019. Should fall off my file in Jan 2025. Debts were from crash in 2007, family building company went to the wall. I was never that annoyed by letters coming in that was all credit card companies. The big money was owed from the business to the bank and they never said much about it.…
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Overwhelmed by fear (and debt).
I’m paralysed by fear. I have an IVA since 2022 and have been making payments but I have ongoing issues with the HMRC. I’m very very anxious and worried that the authorities will think I have intentionally not managed my debt despite awaiting essentials from HMRC (a new UTR for eg as I am self-employed and they have not…
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Old Bankruptcy - when to CCJ, still being hounded 14 years later
Hi, I declared BR and sent notice to all the companies back in 2009. I got very little feedback from all the companies at the time (Northern Rock for example). I noticed at the time some of the debts ended as a CCJ but ignored it all at the time. 2/3 years ago I was credit-checked and a company is sending letters and…
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Steps BEFORE a creditor issues a CCJ
My wife had a business that folded 2 years ago. We sent all paperwork to our accountant and cleared everything or so we thought. Last month we had a letter from a solictor claiming monies from a solictor which we knew nothing about. We checked with our accountant and the paperwork and believed all debts had been paid so…
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Refusing an ipa
Can I refuse an ipa before signing and quit my job so i only have benefit income. Is this something that would get me into trouble with the OR?
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Dealing with Official Receiver (Creditor)
Hi This is not the normal question on this group but seemed the most appropriate place. I have earlier this year made a debtor bankrupt. After waiting 14 weeks and hearing nothing I phoned the OR. I was told that the insolvent was not cooperating and therefore they were going for a suspension of discharge. However, there…
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Should I go Bankrupt?
Hi All, I had a business that failed just after the pandemic, this was due to my business partner being a bit of a con artist (to be honest) as well as other factors. Despite this, I signed all the personal guarentees that has led to me getting CCJ's raised against me (one is for £27K). I did also take some agreements in…
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Historic bankruptcy and pensions
My father was declared bankrupt in 1992. In 2011 he became eligible to receive a private pension. However Windsor Life Assurance (pension provider) notified the Insolvency Service (TIS) of this and they duly claimed this last part of my father's estate. I've recently been looking at this documentation and wonder if my…
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Considering bankruptcy
Morning everyone. I am about to leave a toxic workplace due to mental health issues. Unfortunately I have 15k in unsecured debt and considering bankruptcy. I have a few questions that I hope you can help with: 1. Should I stop paying towards my debts now, knowing that I will be leaving my job very soon and applying for…
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dro with no income
is it possible for a couple to move of a dmp where eg I expect to land a new job very soon with much higher wages and hours which would equal our current joint wages which are being used in a dmp. then my wife gives up her work to (become a housewife )and not a job seeker and thus on a zero income. and she does a dro.…
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Disability Related Expenses
I have an ipa interview next week and one of the reasons I went bankrupt was so I could use my PIP to improve the quality of my life rather than paying back my debts. I would like to purchase a stairlift, scooter and a robot lawnmower. Do you think I will be able to ring fence my PIP to allow me to save for these items.…
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New charges after bankruptcy date
I went bankrupt on 29th September. But I am unsure what to do about my sky bill. I have broadband, 2 mobiles and sky glass from them. I have credit agreements for 2 mobiles and sky glass. And contracts for mobile service, broadband and TV subs. These are all in one linked account. I understand that I don't pay on the…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
