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Pre pay debit card
If I have money on a pre paid card, can HMRC, DWP etc see this account? It doesn't show on my credit file.
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Bankruptcy indicator
Does anyone have an idea how I can actually find the source of a bankruptcy indicator. I feel I’ve covered every avenue and can’t find out what it is or who put it on my property.
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Bankruptcy advice please!!!
Hi, I've accrued debts of £12.5K to HMRC and £12K to credit cards. I've been prioritising paying my minimum monthly credit card payments as they have been my fall back safety net as I am self employed, and as such I haven't defaulted on these payments. But I have been getting deeper and deeper in debt on my cards as I use…
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Thanks and final steps
Hi there, just want to say thanks all for creating a helpful and encouraging environment during this bankruptcy process. My 12 months is up in a few days and I wanted to ask - do you automatically get discharged or do you have to wait for a letter confirmation from them 1st? As far as I can see I'm up for automatic…
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Who does the tax go to?
Can someone shed some light on the NT tax please. Went bankrupt in December 2019. Was on the NT tax code until April 2020. Never heard anything about it again but kept the tax aside as I knew I would get a bill. Paying an IPA. Have now had a bill from the tax office HMRC for the tax but I thought it was the official…
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Thank You
I am only couple of days away from being released of 12 months BR and I just wanted to say a big thank you to all. This forum has been enormous help, some people in this community are far more knowledgeable than some "professionals" I have talked to on some dept advise organisation. Before I discovered this forum I had…
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Debt relief order
If I do a debt relief order would it affect my bank account
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Old debt on charging order being chased years after Bankruptcy
I wonder if anyone can offer advice on this situation.I went bankrupt in December 2014, my house was subsequently repossessed in 2016. All has been quiet until last month I got a letter from Moorcroft Debt Recovery claiming they were chasing an outstanding debt.I explained that I went BR in 2014, and they said they would…
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£2 million in equity but no money
My house is on the market for the past 9 months and I had a few very low offers. I consulted five agents in the area and all agree that the price is attractive. I lost my job and I’m on UC, but I’ll run out of saving in three months. How can I raise money 9without a job) against my property to get me going till I sell the…
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Insolvency practioner failure - property gone bona vacantia / escheat
I was wondering - Has anyone else experienced the above? Basically I've discovered, upon trying to remortgage my house, that my insolvency practioner didn't do the necessary paper work, and my house (that had the beneficial interest purchased) has gone "Bona vacantia" / escheat. It's a year since we started the process,…
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Bankruptcy, Low Income and IPA
Hi, I applied for bankruptcy in March. I have 4 children and an income of £18,005 working as a HCA in the NHS. The OR set up an IPA for £64/month as they've said that because my partner and I live together and his income is greater than mine, he should be responsible for 60% of our mutual expenses, such as rent, utilities,…
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Car value £1000 questions
If doing a DRO and you drive an old banger, how can you get proof if worth under £1K many times a car is not worth repairing as it costs more in maintenance than to buy a new car. surely for DRO purposes it’s better to keep the old banger and put down on expenses very high maintenance costs
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After acquired assets
Hi i went bankrupt in March 2021, for £34,773.33p i am on esa and pip due to a neck injury. my biggest debt is council tax and my council is not on the agreeable to IVA list. 2 weeks ago, my longest friend died suddenly and unexpectedly, leaving me some money, approx £60k but this has not been confirmed by a solicitor. I…
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Halfway done.
I just realised that I'm already 6 months into my bankruptcy. It's gone in a flash. I am annoyed with myself that I hesitated for such a long time, because it could all be over by now. I know everyone says it, but it wasn't a fraction as scary as I thought it would be. The first few weeks were confusing and nerve-wracking,…
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Bankruptcy removed from CR early
Weirdest thing happened last month. My bankruptcy was removed from my Equifax CR 3 years and 4 months after discharge. Anyone know of how/why this could happen?
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Bankruptcy- Newbie
Hi, I've read through pages of posts and apologise if I end up repeating what has already been asked. I'm in the process of determining if I should elect to either do a DMP (debt management plan) to clear off my accrued debts (maybe 7 Yrs), or as suggested via on online chat with CA, go bankrupt as it will be quicker and…
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Not sure how my credit file should look post BR
Hi I came out of my 1year bankruptcy in June so I'm now 6 months clear I still have a join loan that I'm no longer accountable for showing on my credit file. luckily the ex keeps it up to date it's not a default but it's a for a huge amount (more than my annual income anyway). Should this still be on there? Also my…
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LCS still harassing me
Good morning I was declared bankrupt in 2018 and was told to go to the Recievers office to discuss my situation. While there we went though all my business debts and personal. Now 3 years on a company called LCS are constantly sending letters for a business debt even though I’ve told them it was added by the Reciever as a…
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Using bank charges refund to pay bankruptcy
I have been long term reader if this forum. I have debts from years ago. I have not had any new credit in 2 years. After years of ignoring I finally sat down and looked at them. Stepchange have recommended a DMP. However, I’m in social housing. Have no assists. My debts are £28300. While I appreciate their advice I’m going…
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IPA rules after discharge
Hi, I’ve been paying an IPA every month for 18 months of £130. This month it was due to go down by £80 as my universal credit is going down by that amount. Now my landlord has let me know my rent is going up by £50. I’ve let the OR know and my IPA has been cancelled. Does anyone know if that’s it? Or can it be brought back…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.1K discussions
41.2K comments
Most recent: IVA advice please by Helloadviceplz
13 January at 1:44PM
