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Bankruptcy and home insurance
Hi. I am moving home in the next couple of months, and my partner will be moving in shortly thereafter. She was declared bankrupt in 2009 (significant bereavement and inherited loans on separation). She has never made an insurance claim. Once I knew the details, I added this information to compare the market home insurance…
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Limitations Act 1980
I am and NHS worker with one dependent. I have been told to pay back and overpayment in wages under the Employment Act. However, the first monthly overpayment was six and half years ago but accumulated to £11,500. How does the limitations act affect this? Furthermore, i been told they will deduct £141 next seven years. I…
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Husband filed and paid fee on 9th April … how will he know
Hello and happy Easter 🐣 my husband filed from BR on 9th April, and paid the fee. He hadn’t heard anything yet. It says up to 28 days, will he simply just have to keep an eye on his emails for notification that he is bankrupt? Is that when a bankruptcy order is given …. Or is it after hearing from official receiver. He is…
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Bankruptcy and our house
I had a business that went into administration in August 2021. I have quite a lot of debt through personal guarantees, signed solely by myself. My wife and myself recently sold our house and split the equity. She then brough a 1/3 share in a part buy part rent property. My name isn't on anything. Most of my equity went to…
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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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DRO Owner of Car
Hi🙂 Just after some advice. When I entered my DRO i did not own a car was using my partners which was financed in his name. That car is about to be returned due to ongoing issues. My parents have said I am able to use their car - they remain as owners of it but ideally would like the logbook in my name as then it’s…
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Basic Bank Account
Has anyone who has experienced bankruptcy (issued August 24) been able to get a basic account? I have a fraud marker on my record which is making it much harder but Monzo are in the process of closing my account. Also 12 months into a suspended sentence for the fraud. Which I know is making this task so much harder. I have…
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17 Years Post BR
Hello, 17 years ago today I went to the Royal Courts of Justice to file my bankruptcy. I used to be a frequent poster here in the Bankruptcy and Living with it forum but I don't come in here often now. At the time I was so thankful for the financial crash of 2008 as without that I probably would have lost my home. I was…
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almost 6 yrs on
hi all. my bankruptcy is officially 6 years old on the 5th march. hopefully i will see all the stubborn accounts that are still on disappear. some have been closed and disapeared over the last 6 years but 4 are atill showing. BEST thing i ever did. fresh start and all the stress gone. i was having ALL my wages on minimum…
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Inherit house whilst bankrupt
What happens if you inherit a house whilst bankrupt? Mortgage paid off £320k mortgage outstanding £155k. Bankruptcy debt around £45k. Any advice would be appreciated please. Please no judgement I either go bankrupt or end my life it's as simple as that. I can't deal with this anymore.
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Considering Bankruptcy
Hi, I am looking for advice regarding bankruptcy. I owe around £55k in debt, a mix of personal loans, overdrafts, credit cards and car finance. I need to know how my bankruptcy will affect my partner, we are not married but we do own a shared ownership home together. It doesn't have much equity in it, once the legal fees…
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IPA - can you quit job before agreement
Was made bankrupt earlier this year, have had IPA interview but didn’t get any advice on amounts, they have come back with figure of 500 month for three years. When I filled out income I put average earnings where 30% of my salary is made up of overtime (55-60 hrs a week) and in my line of work you really are under…
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Moved: Likelihood of CC refunds
This discussion has been moved.
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Debts on credit file after bankruptcy
Hi, I'm now discharged as of February this year with no further payments set up so all done. I know bankruptcy stays on credit file for 6 years but how long until the debts included in the bankruptcy show as cleared or gone? All mine are still on the reports. Kind regards, Ed
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AiB in Scotland
Delete thread - no longer required.
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Help with elderly mothers bankruptcy B136 received
* Evening, I’m writing on behalf of retired mother, she was made bankrupt in Jan 2022 after my father died and we found that he had taken loans / credit cards even added her as guarantee for a business loan, she was totally unaware of all of these as didn’t have her own money etc or deal with any correspondence. This was…
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Bankruptcy and The Missus.
I'm heading towards bankruptcy or possibly DRO but one of my many debts is a joint one with wife. She does not want to go bankrupt. This debt is some 12 years old and I have been paying £10 a month towards it and four others for the past 8 years or so after advice from Stepchange Any advice please. Cheers.
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IVA - Sprout Loan
Hi, Looking for some inpartial advice from people who used Sprout Loans to take a loan for a F&F offer. We hit all the criteria already and with another reviewing looming in 4 months, we are really considering it. I know its not for everyone, but we're homeowners and the freedom it would offer os worth it in our situation.…
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Bankruptcy Feb 2022
Hi, my son went bankrupt in Feb 2022 because he lost his job and was in debt up to his eyeballs, he was living in a rented flat and was behind with all his bills. He eventually moved out of the flat in May 2022 when a court order ordered him out, during this time he did not pay anything including council tax. Now he has…
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Moved: Creditor…
This discussion has been moved.
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
