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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…
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bankcruptcy and living with husband
I got in touch with stepchange and they advised bankcruptcy. I have personal debt of around £17000 and a car on HP. I live with my husband and children in a house that husband owns and pays the mortgage and he paid the deposit. I have not paid toweards repairs/maintenance. I pay towards the utilities and food etc. I have…
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Moved: Divorce & Debt
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IVA Inheritance and Solicitor Help
Hoping to get some advice, feeling really stuck and defeated about the whole thing. This is a bit of a strange one. So unfortunately I lost my job in the pandemic due to being severely unwell, leaving me with a chronic illness and no longer able to work. I already had some debt before I lost my job, and when I was super…
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Moved: Looking for advice "for a friend"
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Shared living expenses
I live with my elderly mother whose only income is the state pension, she owns the house. As part of the agreement to live there, I share the household bills. I am on Universal Credit, and not working. I have sold all my assets just to pay for food and other essentials, all I have left is my laptop and computer equipment…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
