Bankruptcy & living with it

Good Morning, I wonder if anyone can offer me any insight? I am in the process of preparing all the information I need to declare myself bankrupt with debts of circa 35k and no realistic way of servicing them and I am concerned because in mid-October 2025 I lent £650 to a friend via a bank transfer. I know I shouldn't have…

Hello, MMy bankruptcy order was granted back in 2024. I'm just attempting to clear up my file where I can to the debts which still show in default. Firstly has anyone had any dealings with PayPal? No idea who or how to contact however this debt will fall off in 2027 so may just leave if. My main question is with ccjs. I…

Hi Guys…… I’m new here hoping someone can help me out. I have looked at many helpful and informative posts on here, but still need assistance. I’m considering Bankruptcy with £35,000 of debt but have a few issues that I’m confused about. I have about £100/200 of Disposable Income and my partner and myself are on State…

Trying to help a friend out who has nearly done 6 years post BR Paypal is showing as closed on all credit reports with the correct satisfied date showing However Friend can still log into Paypal - it does say account is limited - but is unable to completely close the account The reply from Paypal is - we acknowledge the…

hi again, now I am bankrupt I am expecting the car to be repossessed as it cost £350 a month finance Maybe they will allow me to keep it. My family member has offered to purchase a car for me to get to work etc and I pay her back for less then the car finance. Is this allowed? It’s all above board nothing dodging. Just…

hi all in need of some advice, me and my husband were made bankrupt nearly 30 years ago. we were discharged from bankruptcy along time ago, however I in the middle of renewing our home insurance and for some reason all the companies want you to declare if you have EVER been bankrupt, they don't ask how long ago, and then…

It's a long post and I'm sorry but I really need some help. So the backstory put simply - husband had several companies with his son ( my stepson). Pubs and houses on one side and construction on the other. Husband ran the construction bit SS ran the rest. As I understand it SS spent ALOT of money on the pubs, by way of…

Hi all, I am planning to file for bankruptcy around May this year. Most of my debts are now defaulting and that’s chugging away nicely, the ones that have defaulted, I’m paying £1 to, but I suddenly realised both my pay monthly car insurance (car needed for work in remote location) and my (and my partners) phones are all…

Person is Individual in England and has defaulted on unsecured Loans & Credit cards. Lost his job and now on Universal Credit and is in £10,000s of debt under £50k. Hardly any savings, no car, no assets apart from a couple of bank accounts in which he gets his UC paid into and probably has a few hundred quid to cover day…

Hi all coming up towards the end of my IPA (thank god). I made my first payment on 1st June 2023, and my final payment is coming out 1st May 2023. But when is the actual end date, as in up to what point do I need to tell the OR of any extra income? The reason for asking, is I will be doing a project for work in April,…

This will be long, and may ramble, but my brain is in bits over this... flicking from "it will all be fine", to circling the drain of despair... i have also done a fair bit of 'ostrich approach' but sadly it isnt going away. Arguably should have posted this a year (plus) ago and it could be in the HMRC section of the forum…

Looking for some advice on whether to go bankrupt or go into an IVA. Im already in a DMP with PayPlan but I’m taking on another £40k of personal debt after my company going into liquidation. So my total debt is around £60k. I’m a home owner, but jointly with my wife and also we had help to buy as well. So realistically my…

Hi folks, hope everyone is well and had a good Christmas :) After some advice from you knowledgeable people please. I declared BR in May of 2024, released in May 2025. Life has been so much better and the whole process was far easier to live with than id expected. Ive kept up to date with all my payments including my IPA.…

Hi, we’ve just had our bankruptcy approved. (Our Debt is from negative equity when our home was repossessed due to redundancy) We believed we had a basic bank account but unfortunately it’s classed as a current account and has been frozen. They have cancelled all our direct debits and we have no access to any money. We are…

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Hi all, looking for some advice on a complicated PCP car finance and bankruptcy situation. Several years ago, I took out a PCP agreement but quickly ran into financial problems. I made only the first couple of payments before stopping entirely. A couple of years later, I was made bankrupt. The Official Receiver declared…

i had an IVA back around 2005 and completed it around 2010/11. i received my certificate at the time but over the years this has been mislaid but also i have never needed it as all by Debt where cleared. ( or so i thought). my IVA was dealt with by Debt free direct who i know now was later taken over in 2017 by…

My husband went bankrupt in 2007 but has 2 charging orders that were put on prior to the bankruptcy. The house was jointly owned (mortgaged) and the debts were solely in his name. We are now looking to sell the house these orders were put on. We have tried to negotiate a lower payment on one (HSBC) and they would only…

Afternoon, Long time since my last post on the forum.. All gone swimmingly and is the second best forum I've found ( Apologies, but the Urban Art Association ) took first place. So, declared BR in 2020, Discharged in 2021, cleaned up my credit file with all the lenders.... or so I thought.. A previous Credit card debt has…

Never expected to be back here again after so many years! I went bankrupt in 2008 after losing my house during a difficult period in my life when me and my partner split up. Anyways..... here i am again for a different reason 7 years ago i set up a company and it went from strength to strength until Covid happened, demand…