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Bankruptcy & living with it

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

Before I apply for bankruptcy
Hi I am in the middle of a very messy divorce. I have been left with huge debts in my name as my soon to be ex could not get credit. Joint property mortgaged is about to be repossessed. I have moved into rented accommodation. I work for the nhs and am often asked to work extra to cover the service, if I do work I am paid…
Car PCP
Hi, Been discharged since June 2020 and would like to get an electric car on PCP. No luck so far, which was expected (with motorpoint on a e-208). Has anyone been in a similar position and managed to secure a deal? Thanks
What to do, who to ask
My son aged 44 had went into serious depression over lockdown, became an alcoholic, went into debt - circa £35k - and has now lost is job due to the alcohol. He has moved home with us and we are dealing with the alcohol problem. He has no property and a car worth peanuts. He therefore has huge debts and no income or assets…
Settled IVA Early
Hi Newbie question here. I went into an IVA a few years ago, and settled it early thanks to a financial gift from my partner. I had my certificate of completion issued 11 months ago. I've read that the notification is on your credit file for six years, but on the IVA completed notification it says that it is only only your…
Discharged:)
Hi I have been discharged from Bankruptcy, it's been a brilliant year been debt free! This is something I should have done years ago, but the stigma attached to been bankrupt was a always on my mind. I have zero debt's all are gone and forgotten. My new debt free life starts now, all correspondence stopped, letters phone…
Bankruptcy help please - desperate
Hi everyone, I’m writing for a friend, he is in a very bad way. He has old debts, credit cards, store cards etc, he was with stepchange, paying £700 per month. He is struggling to pay stepchange. His husband took a loan out for him as he has a poor credit rating and he also has to pay him back £320.00 per month. He has had…
Going through bankruptcy and mental health
I'm new to this site I was made bankrupt on 29th June I applied online without taking any advise just filed for bankruptcy I had a newsagents and post office which I was running with my 3 members of staff everything was OK till covid hit I was pregnant with health issues I was told to isolate my husband is a taxi driver he…
New bank acct after bankruptcy
My CAB advisor will be processing my application and bankruptcy fees this week. She has advised that I will need to open a new bank account asap after the application is sent. I’m currently banking with NatWest. I just need a basic account -no overdraft lol! Can anybody recommend a bank that will give me an account please?
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…
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…
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
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
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…
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…
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…
IPA
Is an IPA reviewed automatically after a year in to agreement?
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…
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.
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…
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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Bankruptcy & living with it

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