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IVA and cost of living crisis
There was an excellent article in the Guardian on Saturday regarding new guidance issued by The Insolvency Service to insolvency firms who are now obliged to take soaring living costs into account if you are struggling with IVA payments. Because many IVA agreements were drafted before the individual had knowledge of the…
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Link Financial
Hello, I've been discussing my credit accounts that Link Financial have for me, I called in relation to my discharge from bankruptcy and asked for information on their data controller to update the accounts on my report. I was flabbergasted when they told me it stays as default which is correct, but they told me the…
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Car
Hello, how soon after Bankrupcy order is made my car will be taken away ? I am just wondering as I will be still working for 4-5 after and there is no other way of getting to work then by car. thank you
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Post BR mortgage options
Hi, I was discharged in June 2020, income approx £105k p.a., around £50k deposit. Does anyone know of any specialist mortgage people who can assist? I'm guessing the regular channels won't be any good, as the market is beaming right now, and they can go the safe business? Thanks Skiv
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Changed default date to after bankruptcy
Here is the last letter I received “ We are writing to you in regard to the Bankruptcy you have recently informed us about. We would like to apologise for the late response and thank you for your patience regarding this matter. Kindly note that due to the discharge we are unable to confirm your bankruptcy using the…
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What happens next after discharged but huge debt again?
been discharged but not larger new debt since cost of living crisis plus UC sanctions mean many just can’t pay bills? what happens when council tax, utilities and other bills have not been paid for a long time? if all the court appearances have been ignored and no bailiff or debt collectors are ever answered when calling…
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Insolvency (Scotland) & passing away
Looking for a bit of help on my understanding on something.... My late mother was unfortunately made bankrupt due to unpaid council tax (around £5,000) back in September 2019. She was co-operating with the appointed Trustee who advised that they would not force a sale on the house due to her disabilities and all debts…
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IPA
Is an IPA reviewed automatically after a year in to agreement?
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PIQB/SFS Question
Hopefully this is a quick question. In the PIQB booklet for income and outgoings, is this used as the basis for setting up an IPA? (I will be liable for one). Or do they send you the Standard Financial Statement to complete? I'm sorry if this is a totally stupid question but I am unsure if an SFS is used for an IPA or not…
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Bankruptcy indefinite suspension of discharge - limitation
If an individual 1999 bankrupt had automatic discharge suspended in 2001 is it still effective 2022? The original bankruptcy was pre-Enterprise Act 2004.
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Insolvency and asset service has not removed restrictions againt the property
After going through a
bankrupts period, we had a letter back in 2020 from the insolvency
service stating the property has now been re-vested to us, enclosing
re-vested certificates and that they/he had instructed the Land Registry to
remove the restrictions. Our solicitors informed us that this has not been done and it
may…
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Considering IVA - end of my tether
Hey guys Please no bashing! I have already spent the evening in tears. I feel like such a failure. Like a sh*t mum and absolute mess. I don't know how this has all spiralled so much. Now that my 0% has ended on everything in the last year, my outgoings are crippling me and now I've started to miss payments. My monthly…
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Charging order after repossession and bankruptcy
Hi I've had my home repossed and was declared bankrupt but I've just been sent a county court hearing date asking for a charging order the claimant is mfs portfolio. I'm really not sure what to do next
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can I now include HP car in bankruptcy
Hi I took out a HP agreement in October 2021 and made bankrupt in March 2022. The official receiver has said I could carry on paying the HP agreement. within 2 months of the purchasing the car I've had to carry out nearly £1000 of repairs since purchasing. the dealer has said he will refund me the amount which he hasn't…
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Is it worth using Bailiffs to seize goods from debtors house ?
Any advice would be welcome. I have a county court judgement in my favour for over £10k, against an individual. The guy lives in a four bedroom detached house with wife and two children ( both over 18). There is a car in the driveway worth £7-8k. I am checking who the registered owner is and if there is any hire purchase…
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Creditors Petition Bankruptcy - What Next?
I have recently been made bankrupt (personal) by a single creditors petition. Although I knew this would be approved it was over 2 weeks before I received confirmation of this from the county court and I have heard no more 2 weeks later after receiving this. The CAB have just contacted the petitioner for clarification on a…
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Newly bankrupt questions
Hi everyone I was made bankrupt beginning of January I have had a telephone interview with the OR he asked me to send him a few bits of information and I've had a letter to say he will not need to interview me again but today I had a call from his colleague who said hes been asked to investigate my house sell this was very…
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Enforcement officer & an issue that cannot be resolved.
I am not sure this is the right catagory but I do need serious help. There is no bankruptcy but it is a debt related. I got a phone call from an enforcement officer today stating he was visiting my property (it's not my property as I live with mum as her full time carer) to seize goods for a two and half thousand pound…
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Cheque Held After Bankruptcy
Hello all I declared myself bankrupt in 2019. A year later my status changed to completed or whatever the term was. I’ve had no issues with it since then, apart from a few months ago my local nationwide wouldn’t let me withdraw any money over the counter because they misunderstood the bankruptcy warning on my account. I…
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NatWest Accounts still open
Hi guys when I provided all my financial affairs in my bankruptcy I included 2 accounts I held with NatWest which both had historical unauthorised overdrafts. (There’s no interest or fees being added) the accounts have remained dormant for a few years. These accounts have remained open throughout. Shouldn’t these have been…