-
Vodafone and discharged bankruptcy
Literally pulling my hair out! Bankruptcy issued in 2016 and discharged in 2017. Vodafone were included in the bankruptcy but claim that there were a few payments after the bankruptcy was issued so they didn’t treat it as an insolvency account. Note that they never chased for payments. Been working hard on my credit and…
-
The sale of accounts during bankruptcy
Quick one, I presume companies selling your accounts during a live bankruptcy is legal? I am discharged in September but have been contacted by Arrow Global about a debt to Virgin Money included in my bankruptcy. Arrow are saying they were not aware of the bankruptcy….. but Virgin were as all documentation was supplied and…
-
Debt accounts still showing open after discharge
Hi guys. Sorry if this has been asked before. I was discharged from my Bankruptcy 22/4/2022. However all debts that haven’t passed the 6 year anniversary of the default are still showing on my credit file as ‘open’ and includes an amount owed. Should I be getting in touch with these companies to ask why they have not…
-
Mortgage shortfall balance
Hi, I'm a long term lurker and found replies to all the queries I've previously had without needing to ask so I'm hoping one of you may be able to help :) I went bankrupt several years ago and had a property left to be repossessed by my trustee as part of my bankruptcy estate. When it was eventually sold at auction there…
-
Recently bankrupt debts building up again
If someone has recently gone bankrupt but since then has had council tax and utilities building up as well as credit cards. if they can’t go bankrupt again for a year after they have been discharged then what can they do when bailiffs keep calling? council tax debt is thousands now and pre pay meters have been fitted but…
-
Tax Credits
Hi all, have been discharged for 10 months now, just recieved a overpayment bill for tax credits which most of were while bankrupt. Does this come into my bankruptcy or do i have to pay it all? Thanks in advance for any advice.
-
Correct credit score
I'm sure this has been covered innumerable times on here but I just need an idiot proof answer if possible. I declared bankruptcy in 2010 and foolishly have never cleaned up my credit reports, never really been an issue as every time we needed credit checking we used my wife's name, she wasn't included in the bankruptcy so…
-
Thinking of bankruptcy ( will check with a trusted HR person if that would be an option )
This is my SOA from the post I made - https://forums.moneysavingexpert.com/discussion/6361354/debt-got-too-big-handle/p1 All debts have been defaulted for some time now, so no interest. What I am thinking, and would like to check with everyone here who has way more experience and knowledge of this topic than I do, is if I…
-
Cost of living rise and IPA
Is it possible to contact the IPA firm and reassess cost of living rises. My petrol, food has gone up significantly. But it will go up further. Whilst I know I can have any time, how often is 'normal'. ?
-
Unsealed petition served and other query
Hi Guys, and hopefully a quick simple one but I have no idea on this. I received the creditors petition today, the 6th, with the hearing scheduled for the 20th. In addition, it was served UNSEALED which I had arranged to take place outside my place of work. I really did not notice or think anything of this at the time as I…
-
DRO and packaged bank account
Hey all - has anyone kept their packaged bank account while in a DRO (I know they aren't popular, but mine really does save me money on insurances and breakdown cover)? Or been successful in gaining one after being discharged from their DRO? Thank you.
-
Joint account and DRO
Good evening, I am considering a DRO and meet the criteria. Does anyone know if a joint bank account holders credit score would be negatively affected once I am in a DRO, please?
-
Being hounded by CRS after Bankruptcy
Hi guys looking for a little advice on how to deal with the cretins known as Credit Resource Services. I was made bankrupt in April last year, with my discharge this April. over the last couple of months I have received emails from CRS in relation to a debt that was included in my bankruptcy, I have responded with a copy…
-
creditors
At the end of a sequestration case, the asset of £64,000.00 most of this has been used up in Trustees costs an solicitors fees, leaving £5,000 to pay the original creditors what should have been the amount of £17,286.44, we have been asked to be Audit Commissioner for the accounts but we don't know any accountants to get…
-
Business Partner Bankruptcy
Hi - apologies if this is not the right place to post. I'm a director in a small limited company with a business partner who is also a director. We have an equal number of shares each (as well as other share holders), with ours holding a majority. He may be declaring bankruptcy personally so I'm worried how this will…
-
Can I be discharged from an IPA sooner?
So I have a rather unusual case, and I want to appeal my IPA in place, as I don't feel I earn enough to be on the payment plan and won't be for the foreseeable future. In January, I was released from Bankruptcy, but before this, I was put into an IPA. Subsequently, I reduced my hours in April, received a reduced salary,…
-
After Bankruptcy
I have been BR for 2 years now, Once i get to 6 years does all the debt on my credit file drop off automatically or do i have to ring around to sort out? Things have so much for the better now, and I actually have funds to buy a house so am keen to see if i can get a mortgage. Thanks
-
Done. Pressed the Green Proceed Button!
Well, that is the big BR button pressed. I'm going to kind of diarise / document in here my "what happens next" journey if anyone is interested! :smile:
-
Applying for bankruptcy v being made bankrupt by a creditors petition
This is much a curiosity question as anything else but what is the difference between the following: Applying to be made bankrupt (successfully) or being declared bankrupt due to a creditors petition? Most people appear to go through the self-declaration route and so why is this? One costs you £680 where the other costs…
-
Has Bankruptcy law changed much in 18 years?
I went BR in 04/04 an wondered if it had changed much since then? My student loan was included (think that has changed) I had early discharged from the OR I kept the tax money saved from having the NT code
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
