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Bankruptcy and Inheritance
I went BR in 2009 when I was very young and foolish. I have managed to rebuild my life since then and got myself on a good track. My dad died intestate in 2016 and following this my mum decided to make a Will in 2019. She has now sadly passed away. I am currenlty dealing with the estate and have a solicitor helping. They…
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Debt sold whilst in bankruptcy
After a little help please I was made bankrupt 12/05/21 so will be discharged very shortly. One of my debts included with the bankruptcy was with Next. I got a letter recently saying that PRA group had brought that debt. They didn't demand any money in that letter so I thought they would just see I'm bankrupt and that be…
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Halifax
Evening All, I know there's no guarantees, but I was just wondering whether anybody has any experience of Halifax being a bankruptcy friendly bank? My main (basic) account is already with them, I have do debt owed to them or any associated companies, and no credit facilities etc. Would like to be able to keep my account if…
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Bankruptcy?
Hi everyone, Recently, bailiffs started chasing me for council tax debts related to an old property. As a result of this I got some debt advice and am in breathing space, but the whole episode has kind of made me start to face up to my issues with debts. National Debtline suggest that Bankruptcy seems like the best option…
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Restriction order on a jointly owned property
Hi all , I feel I have to post this incase anyone out there is beside themselves on trying to sell a jointly owned property in negative equity my husband had debt in his name only and ended up with a restriction charge on our property , we put the property on the market and was told by the first solicitor that the property…
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Declaring bankruptcy
Hello all, I want to preface with explaining up until last month I had never missed a payment in my life. However, due to sickness and not being able to go back to running my business, and having personal loans and business debt attached to my personal file, there is no way I'm going to be able to pay the debt. Though my…
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Help! Account frozen 2 weeks before discharge
I had no idea this might happen. I have a basic account with Lloyds (plus a couple of attached savings accounts with them to help with budgeting) and for some reason my account has been frozen. I have just rung Lloyds and they told me the block was put on on the 28th - I'm due for discharge on May 14th. I am paying into an…
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OR Interview Help
Hello, and I really hope this is the right place to ask. This is my first ever post but I need to ask the following regarding the OR interview. I am waiting for a bankruptcy petition to be served on me for non-payment of council tax (no other debts to be declared apart from water). Once this has been approved I know I will…
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Can an old, undisclosed debt be written off after the Bankruptcy has ended?
We put my other half through bankruptcy several years ago to clear off a hefty debt. He has since remembered that he has a debt in his name which his ex-wife is still paying off. Is he able to get this one written off by siting his previous bankruptcy status? This debt was around before he applied for bankruptcy.
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IPA monthly payment but 4 weekly pay
Hi everyone. Does anyone know why IPA payments can't be set to every 4 weeks instead of monthly? I understand 4 weekly pay is 13 pays in a year but when they are adding money on top of my 4 weekly pay to make it into a monthly payment schedule is making it very hard, I'm having 50 that isn't there added on to make it…
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Capquest
hi my dad was a victim of identity theft in 2002 for 900 pounds on a credit card . My dad told halifax there was no credit card. My dad is disabled and dislexc .Halifax told my the account. Was closed nothing was mentioned for 20 yrs then this year capquest sent him a letter saying he owes 8324 pound Halifax refuse to…
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unchased debt....
Is there really a 6 year "no contact" limit on creditors chasing a debt? (not bankrupt)
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Discharged
Hi Guys, very happy today as I have officially been discharged and although debts are effectively written off at the point of going Bankruptcy. My understanding is they are officially written off once discharged? Please correct me if I am wrong. Anyway, the main question I wanted to ask, now I am discharged, do my old…
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BR 12 Months up, but a small hitch
12 months were up 20 April and having jumped on the Individual Insolvency Register, I note I am still listed at BR instead of 'discharged.' I have refreshed the browser and re-entered my name with the same result. After saving previous Q & A's on this very subject, I'd like to do a screen grab/print for reference, but…
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Bankruptcy - Salary, Bank account, and property rent
Good Morning Everyone, Apologies if such topic already exists (I tried to search however was not able to find exact answer) I am about to declare a bankruptcy, and as far as I know all my bank account will be frozen. I am still full time employed, and as I understood, for the first year my salary will be taken, and only…
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A little advice please before I start the process.
I already have a basic bank account and have done for a few years. If I speak to my bank about the bankruptcy could they agree to keep my account or is it indefinite I will need to change? When I start the process, Will I need to upload all of my debts myself before they will agree to bankruptcy or can it be done as I go…
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US credit score vs UK credit Score
Good Afternoon, I am a UK citizen who spent 12 + years living and working in the USA. During that time my family and I were forced to file for bankruptcy. With a growing family, loss of employment our debt grew to an unmanageable level. We tried for years to dig ourselves out of debt and even tried a debt management…
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12 month anniversary of Bankruptcy
Hi guys. Was declared bankrupt at the end of April last year. With the end of the 12 month restrictions being lifted in April 2022. Although I know I continue paying into the IPA for 3 years. Should I expect any contact from the Insolvency service or Trustee at the end of April. Or will it just update automatically. With…
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email/letter when discharged
Hello, was I meant to get a letter or email when I was discharged from my bankruptcy? I've just been ready on the debt camel how to clean up my file and it says I may have had a letter, I didn't receive anything. Is my only choice of proof of discharge now to pay £70 for a Certificate of Discharge? thanks
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Joint loan with ex - now solely his due to my BR
The above loan is still showing on my credit file, is this correct? it looks like I have a loan of £25,000 on my lending and I don't, I am worried about affordability being messed up when I apply for a mortgage with my new partner.
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
