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Car Insurance
Hi, I have recently been sequestrated (bankrupt in scotland). I am wondering what people's experiences of vehicle.insurance were post bankruptsy. We had a quote for a vehicle that has been inflated by 1000% of what it was before declaring the bankrupsy. I this the norm? I wasn't made aware prior that we would encounter…
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Coast Finance removal of charge
Hi, I am pretty desperate, I have sold my property, but the solicitors have found a charge that was originally welcome finance and is now Coast Finance. I have evidence that this was settled, but the charge was not removed and I now cannot trace any contact information for Coast Finance. What can I do? as we need to…
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DRO confusion
Hi all, Firstly, apologies if this is in the wrong place. So I've been a bit stupid and helped people over the years by using my credit in my name, then got royally screwed when they didn't pay so ended up paying out of my own pocket. The thing is I'm now getting to the point where people have borrowed and I'm unable to…
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Urgent Guidance Please
Morning,I have just been declared bankrupt.I and my wife each have state pension as only income. I also have a small military pension of £222 per month. I had a call from the OR office going through my expense sheet and in the end she said that there was about £239 surplus so would like to set in place IPA for the next 3…
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Statutory demand
So after receiving a letter bank in November 2024. Today some 6/7 months on at 6am. I was served with a statutory demand. My worry is and always has been my jointly owned house. I'll feel terrible my partner will have to lose his home. He didn't create this i did . And I've since moved out. Amy advice on steps from here…
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Bankruptcy (Sequestration) Scotland Help
Hi As the title says, I’m looking for advice with bankruptcy
in Scotland. Hugely embarrassed to say that I have debts of almost £54k. I currently earn £34k and have a private
pension of £9k. I’ve been ill with work
related stress since the end of last year and have now been told that my
employment will be terminated at end…
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Missold car finance & IVA
So in 2 days time I have finished my IVA but on Friday last week I got an email from my IVA company saying they are using a company to see if I have any car finance that was mis-sold, now what I dont understand is am at the end of my IVA, how can they claim back money once it is finished as the earliest any money will be…
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Getting a job before discharge - Early Dishcharge and IPA/IPO?
I am due to be discharged from bankruptcy in December.. When I entered into bankruptcy I was a full time student and will finish my course in August so will be looking for a job from September (3 months before discharge). I am not in an IPA/IPO so if my income increases, will I be made to enter into a 3 year payment plan…
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Is Bankruptcy right for me?
Hi all, Need some advice on whether bankruptcy is a good option for my situation and what I should expect to happen if I went ahead with it (length of time I'd need to pay, amount to pay, etc) I don't have any real assets, I don't own any property and have 2 cars (mine and my partners) with a total value of around £2500.…
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Moved: New car
This discussion has been moved.
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Debt sold to debt recovery firm TWO YEARS after DRO ended...
I received a letter just over two weeks ago from a debt recovery firm stating they have bought one of my former accounts. The account in question was included in a DRO that ended two years ago, I've gone through the paperwork and can 100% confirm that the card and full balance on the card at the time was listed in the…
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Bankruptcy
I'm ashamed to say that I committed fraud because of a gambling addiction. I have received amazing support from various people and organisations and am gamble free and putting the foundations in place to rebuild my life which is difficult with the amount of destruction I have caused and heartache to come. I have no assets…
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Final settlement - how much to offer
Good afternoon all, my IVA ends in August next year, I have 1920 left to pay. I'm going to offer a full settlement but wondered if anyone knows what sort of ball park figure to offer that will offer the most chances of it being accepted. I understand that the full amount will get accepted however it's most likely I could…
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Tidying Up Credit File
So I went through a bankruptcy in 2019 and since then have not really got involved in any type of credit other than a credit card which I use sparingly. I’m now at a stage where I’m very confident I can use credit responsibly and in some respects need to. I tried to take out a car loan but got refused for everything, even…
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Bankruptcy and home insurance
Hi. I am moving home in the next couple of months, and my partner will be moving in shortly thereafter. She was declared bankrupt in 2009 (significant bereavement and inherited loans on separation). She has never made an insurance claim. Once I knew the details, I added this information to compare the market home insurance…
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Limitations Act 1980
I am and NHS worker with one dependent. I have been told to pay back and overpayment in wages under the Employment Act. However, the first monthly overpayment was six and half years ago but accumulated to £11,500. How does the limitations act affect this? Furthermore, i been told they will deduct £141 next seven years. I…
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Bankruptcy questions
Hello Everyone I am going to declare myself bankrupt following advice from Stepchange. I am trying yo get all the info they require to get breathing space before my actual bankruptcy. I am on UC and PIP living in housing association property. I understand that this should be a straightforward bankruptcy and I just need the…
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Husband filed and paid fee on 9th April … how will he know
Hello and happy Easter 🐣 my husband filed from BR on 9th April, and paid the fee. He hadn’t heard anything yet. It says up to 28 days, will he simply just have to keep an eye on his emails for notification that he is bankrupt? Is that when a bankruptcy order is given …. Or is it after hearing from official receiver. He is…
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Bankruptcy and our house
I had a business that went into administration in August 2021. I have quite a lot of debt through personal guarantees, signed solely by myself. My wife and myself recently sold our house and split the equity. She then brough a 1/3 share in a part buy part rent property. My name isn't on anything. Most of my equity went to…
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Insolvency practioner failure - property gone bona vacantia / escheat
I was wondering - Has anyone else experienced the above? Basically I've discovered, upon trying to remortgage my house, that my insolvency practioner didn't do the necessary paper work, and my house (that had the beneficial interest purchased) has gone "Bona vacantia" / escheat. It's a year since we started the process,…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
