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SOA/Budget in Bankruptcy
Good Morning! Following the closure of our business, I'm getting my ducks in order ready to declare bankruptcy - a real hodge podge of debts, some historic and many more recent as we've tried to prop the business up. No assets to protect, and looking forward to the clean break. I've put together a list of my expenses and…
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Selling house - not enough to cover charging Orders
Can you advise what happens if you have a few final and interim charges on the land registry but the proceeds from the sale are not sufficient to pay all the creditors? Can you still sell or it is a long process to get these charges removed? Currently buying a house and stuck due to this. My solicitor noted on the property…
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Bankruptcy while working for financial institution
Hi, how big is the chance that workplace would find out about my money mismanagements if I keep my mouth shut? Do I need to tell my employer or end client if I'm contractor for financial institution (let say bank) that I'm going bankrupt or this is up to them to monitor people who working for them? Thanks!
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Non Resident Bankruptcy
I have a large amount of unsecured debts in the UK and no assets, I want to know if there is any chance a creditor could file bankruptcy against me if non resident?
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Why is my ccj still listed for April? I am bankrupt
Hi sorry For the post just stressed The official receiver wrote to the county court and explained that I am bankrupt (case is named in my bankruptcy) but today the judge wrote that the case is still listed for April? Why?
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Trying to decide what to do
Good morning, I have questions which I'm hoping you can all help with one way or another. For one reason or another I've buried my head in the sand over my debts and now trying to find a way out. 🤯 I owe around £30000 to various people 2 of which are a ccj. I have done a I come and out come and have around £80-£100 a month…
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Being considered
Submit Bankrutcy yesterday , sign in see status say bankrutcy being considered , is it normal n how long would it take to know , thanks
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Do I tell the county court CCJ judge
Sorry for asking so many questions I lost a ccj and entered n245 form asking to lower the payment amount. Anyway I am supposed to start paying £300 a month on monday. Do I tell the judge / creditor I’ve been made bankrupt as off 8/03/22 or let the bankruptcy process do that
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Bankruptcy has been approved now what
As above it’s been approved do I cancel all my dd? Inc hp for my car also I am due to make a £300 payment on Monday for a ccj do I let the person know that I am bankrupt or let the system do that? ( think it takes 6 to 8 weeks for them to contact them) the ccj is named in my bankruptcy.
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Applied for bankruptcy
Applied for bankruptcy going to be long 28 days. Don’t know I will make it
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DRO - struggling to understand what I need to do due to head injury
I'm in a lot of debt, largely tax credits due to a years overpayment deemed when our employer didn't register any of the staff with HMRC. (about 7 of us got caught up in this it was horrendous) Tax Credits have syphoned this back over the years at 50% of the correct awards but 50% less has then pushed me into debt in other…
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your help please
long story short I have lost a CCJ (personally) did a job for a client she said went wrong so judge sided with her. i made an offer of a monthly figure to pay her back refused and she wants it back at £300 pcm. which i cannot afford. I have now closed my limited compony and asked to be stuck off. she sent a letter to…
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Question on CCJ/BR on credit file
I used this forum frequently when declared bankrupt 6 years ago, it was of huge assistance, it feels a bit weird to be back! My 6 years is up later in the year, however i also have a CCJ..this PREDATES the bankruptcy by a couple of months, but it still has an amount next to it, i.e not listed as settled- it went into my…
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Moved: Court enforcement officer visit
This discussion has been moved.
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IPA help/ guidance please
I apologise for the very long post but I have no idea what to do here, so any advice will be gladly welcomed. I filed for bankruptcy in September of last year and I received telephone call yesterday telling me as my circumstances have changed I have recently started a new job I would not need to complete an IPA. I had…
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Working extra Hours in Bankruptcy / IPA payments
Hi guys, I was recently contacted by the IPA team in regards to paying into an IPA, obviously I have to inform them of any increase or decrease in earnings. I occasionally work overtime, rare, but I do it. (Running upto Xmas and B/days or Holidays) Anyway, in accordance with the IPA Agreemrnt, I will have to inform them of…
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Bank and income
Hi there, I have decided to apply for bankruptcy as my debts are far too high to manage, an IVA is out of the question as my partner and my income is slightly too high (his salary is much larger than mine). Whilst I am dreading the process, I do believe this is the only way to for me to get out of this mess. If anyone has…
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DRO - statements advice
Good morning I have been paying a DMP, but I want to move to a DRO as it will help me pay of my debts in a reasonable time frame. I have about 20,000 in debts for various credit cards. I hate that I have myself in this mess, but have been paying off a DMP for a while with finally under 20k left. My current problem is that…
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IVA Advice
Hi all, I'm currently experiencing money problems and have been contacting a company called PayPlan to discuss my options. Following an income and expenditure discussion I've been offered IVA or bankruptcy as options. Can someone explain to me the process and the damages I may face for either option as I'm extremely…
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Three years since bankruptcy
Well it's been quite a journey these last three years since I had to declare myself bankrupt. Just thought I'd have a bit of a ramble in case anyone's interested. Settled down with my new better half in a far more prosperous part of the country, earning more than double what I was three years ago, saving well on our way to…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
