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Bankruptcy & living with it

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

AiB in Scotland
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Help with elderly mothers bankruptcy B136 received
* Evening, I’m writing on behalf of retired mother, she was made bankrupt in Jan 2022 after my father died and we found that he had taken loans / credit cards even added her as guarantee for a business loan, she was totally unaware of all of these as didn’t have her own money etc or deal with any correspondence. This was…
Bankruptcy and The Missus.
I'm heading towards bankruptcy or possibly DRO but one of my many debts is a joint one with wife. She does not want to go bankrupt. This debt is some 12 years old and I have been paying £10 a month towards it and four others for the past 8 years or so after advice from Stepchange Any advice please. Cheers.
IVA - Sprout Loan
Hi, Looking for some inpartial advice from people who used Sprout Loans to take a loan for a F&F offer. We hit all the criteria already and with another reviewing looming in 4 months, we are really considering it. I know its not for everyone, but we're homeowners and the freedom it would offer os worth it in our situation.…
Bankruptcy Feb 2022
Hi, my son went bankrupt in Feb 2022 because he lost his job and was in debt up to his eyeballs, he was living in a rented flat and was behind with all his bills. He eventually moved out of the flat in May 2022 when a court order ordered him out, during this time he did not pay anything including council tax. Now he has…
Moved: Creditor…
This discussion has been moved.
bankcruptcy and living with husband
I got in touch with stepchange and they advised bankcruptcy. I have personal debt of around £17000 and a car on HP. I live with my husband and children in a house that husband owns and pays the mortgage and he paid the deposit. I have not paid toweards repairs/maintenance. I pay towards the utilities and food etc. I have…
Moved: Divorce & Debt
This discussion has been moved.
IVA Inheritance and Solicitor Help
Hoping to get some advice, feeling really stuck and defeated about the whole thing. This is a bit of a strange one. So unfortunately I lost my job in the pandemic due to being severely unwell, leaving me with a chronic illness and no longer able to work. I already had some debt before I lost my job, and when I was super…
Moved: Looking for advice "for a friend"
This discussion has been moved.
Shared living expenses
I live with my elderly mother whose only income is the state pension, she owns the house. As part of the agreement to live there, I share the household bills. I am on Universal Credit, and not working. I have sold all my assets just to pay for food and other essentials, all I have left is my laptop and computer equipment…
Can I declare bankrupcy after house repossession with negative equity?
I have a mortgage with an ex. I moved out of the property 13 years ago and he paid the minimum interest payments on the mortgage whilst he lived there. He moved out several years ago (without letting me know) and then stopped the payments last year (also without telling me). I tried to get the property on the market…
Bankruptcy and Shared Living Expenses
My husband is currently facing bankruptcy following the collapse of his business in 2019 and a particularly aggressive creditor. The original lender sold the debt which was in the region of £45k, and the purchaser has now escalated it to over £100k including all the interest and costs and obtained a CCJ. They’ve refused…
Can HSBC do this?
In 2022 I had no choice but to declare myself bankrupt. In 2018 I had purchased a flat with a mortgage from HSBC and two years later found myself needing to move. Initially valued at £160k I had a buyer within a couple of weeks. Five months later my buyers mortgage lender withdrew the offer at the eleventh hour and the…
IVA - 3 questions
1). I am going through work (NHS) for a new car as my current one has been ok but getting more expensive with the repairs. I do need a car for my job. However I am in the middle of an IVA. The payment for the car is taken out of my pay at source (before tax and national insurance) and over all it is going to cost me way…
Moved: CCJ
This discussion has been moved.
Shared ownership mortgage in my name only
Hi, looking for advice on if my husband was to go bankrupt. I have a mortgage on our home which is a shared ownership property where I own 25%? the Housing Association owns the other 75% which we pay rent on. My husband is on the tenancy but the house was purchased by myself before we met. If he were to go bankrupt would…
Anniversary of bankruptcy
Hi all, I went bankrupt 6th February 2024 so today is the years anniversary. I didn't earn enough to be able to afford an IPA. Should I expect anything else to happen? Or fingers crossed, is that it done and dusted? Kind regards
Iva’s and buying a new home
Good evening ! I am in need of advice please. My IVA is finished this June. (5years) it will be on my credit file for 6 years. Will this disappear from my credit record after 6 years?. I own my home and desperately need to move due to anti social behavior affecting the street and horrific next door neighbors. I’m hoping…
How to remove charge from property
I have a house, I want to move house but have noticed a bankruptcy notice on the titles, this is “pending action” (I have never been made bankrupt, but the notice was made in 2011!! I don’t know who brought about this notice, I cannot get thru the relevant Count Court to find out who issued this in 2011…HM Land registry…

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Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
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Bankruptcy & living with it

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Bankruptcy & living with it

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