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Income and Expenditure
I'm currently paying into a bankruptcy cpa or whatever it is called. I've lost all the paperwork to do with my income and expenditure information that I provided back in 2021, (I've since been dischsrged) With the increasing cost of living I wanted to take a look at it before I got in touch with Advantis Credit who I'm…
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Bankruptcy.......earnings.................tax code
In the back of my mind i seem to recall that the Insolvency service and HMRC monitor a BR's wages via a special tax code to channel taxes to creditors (or something along those lines)?... Is this only if a 5 year payment plan is imposed? again my recollection is a big hazy
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Employment after Bankruptcy
Hi I am new to all of this but need some advice. I was made Bankrupt in 2011, obviously since then I have been discharged, done my 6 years and life is normal. However I have recently been offered a bank job as a manager. It didn't even occur to me that my bankruptcy would be a factor and indeed I had forgotten about it.…
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Dro advise
Hi all. Bit of a back story I owe all together 23k this is from a natwest loan and credit cards. Over the last year I've been with stepchange paying £60 a month to pay off these debits, as a payment plan with the company's how i owe money to. if I carry on paying this my debts will be cleared in 2055. However due to the…
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Bankruptcy and wife’s car
Hi. After many sleepless nights and a lot of stress I’m now considering declaring myself bankrupt. Through very poor credit choices and misguidedly thinking I could shuffle things around and secure better deals, it’s all caught up. Unsecured debt of £53k, loans and credit cards. Now too much going out an not enough in. I’m…
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Few questions for early bankruptcy
My bankruptcy got approved on Monday. I didn’t have any spare cash to remove for day to day spending before I put the application in. I don’t get any money until the 8th November. I’ve been waiting for a refund from wizzair since July which has just been put in my bank. I will leave my 1st month direct debit amount in but…
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Charge on house from approx 2007
I’m asking on behalf of my bf who has just found out that there is a charge on his ex partners home, he wants his name off the property (divorced 2014)but they did a quick thing!! stupid I know), but as they took the 11k loan in 2005 when together it is still in both of their names, but he hasn’t lived with her or their…
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IPA rules
Income payment agreement How can it be 'fair' to force those employed to go onto an IPA and be stuck with it around the neck for three long years, compared with someone who isn't employed for one year? So in theory a person could benefit by not working for a year and escape the IPA? I've have a very unstable year for say…
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IPO question
I was made bankrupt 1st August 2022. As yet no IPO is started but will likely do so when I start work again (likely). How exactly does the process work and are you allowed to negotiate on an agreed budget? How exactly would they base a budget? On my past history in terms of spending on bank account or would they allow me…
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IVA on BBC... 09.15
On rip off Britain May be on the i player later
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Stolen identity
Long story short we had a serious mugging in the family two guys in balaclavas with knives. They got phone and all information on it. the police and victim support were very good at the time, but it wasn’t until sometime after we found out it was their MO organised criminal gang who used the information to steal identity…
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no offers after bankruptcy wiped clean?
Hi all, My bankruptcy recently fell away from my credit files, yes have checked all of them, and its now officially super clean, have paid all my credit cards religiously for 6 years as well as phone bills etc.. naturally all the ‘scores’ went through the roof once the BR fell away but i’m not getting any offers from a…
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Help with bankcruptcy
Hello Im looking for advice in relation to going bankcrupt ive built a large debt with the likes of the hmrc vat credit card and few other things mainly to do with running my business. Ive wrestled to fix these things for years but struggle with paperwork. In relation to going bankcrupt do I just ring an insolvency…
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Frozen bank account experiences
Hi, I was just wanting some help regarding my bank account - I filed for bankruptcy two weeks ago. One of my accounts have been frozen (with the Nationwide, nothing in it really and hardly ever used). My main account with MONZO is the one I’m worried about as I get my benefits paid into it. I’ve contacted them to request…
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HMG savings plan and BR
A family member was on UC but started a £50/month HMG savings (help to save?) by direct debit, she has £450 saved up, if she goes BR (or a DRO) will the OR snatch the savings? should she close the account now?
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OR contacting family members
Hello all, I went bankrupt July this year and have just received an email from the OR asking for contact details for family members. My bank account shows transfers of £2100 and 2400 in the 6 months preceding but this was paying back for help to buy furniture for my new house before I got my salary. My total bankruptcy was…
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About to reach 6 years, do i need to do anything?
So the lengthy saga of my bankruptcy is shortly due to come to an end. The 6 year date is due in about a month. I just wondered whether there is any action on my part with regard to removing the BR from my credit file, or anything else i need to be mindful of? I did the clean up a while ago now so its in pretty decent…
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Whistletree chasing 7 years after bankruptcy - Updated
I'm furious, and a bit scared, but mostly furious. Whistletree have just sent me a letter telling my my balance is £38k and asking how would I like to pay. This was written off in my bankruptcy in 2015. I know this, and they know this. I'm so angry at them for trying it on like this. Also pretty nervous in case they try to…
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Bankruptcy where do I start
Hi, I was married and we went bankrupt 10 years or so ago. My marriage has now broken down and he has left me in debt. To the tune of approximately 12000. I am now with a new partner he doesn't need bankruptcy but I definitely do. My gas and electricity debt is 7000 on its own. Nothing is in my ex hubby's name. I remember…
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Default Notice from M+S Bank after bankruptcy
Hi, Just had a scary letter from M+S Bank telling me I have a ‘default notice’. Says it includes a demand for repayment by 5 October. They obviously know I have gone bankrupt so I thought creditors weren’t supposed to contact me demanding payment now. Do I need to take action or is this letter a formality? It never ends,…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by fatbelly
5 September at 9:36PM
