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Funeral plan
Hello I am currently thinking of taking out a bankruptcy motion and stepchange has asked for details of insurance policy’s etc. I have a prepaid funeral plan I am paying up. Can they make me cash this in? I’m terrified of dying and leaving my family with no way of burying me. It is a simple cremation plan which will have…
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No win no fee scam
Hello, I am looking for advice please, back in 2016 we owned a house which 7 years previously had cavity wall insulation installed, because it was an old terraced house it caused a lot of damage as it had been wrongly installed, we saw you could claim compensation on a no win no fee basis so we signed up as we thought what…
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Out of Bankruptcy but still denied credit
Hi Is there anyone who has come out of BR but still can't get even simple credit like Klarna instalment payments? I've only checked my Experian credit file and its clean, or do I need to check all credit reference agencies to make sure the others follow suit? Thanks
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Getting a Business Bank Account post Bankruptcy
Hope you can help, I have been cleared of bankruptcy now and have my current account, which I have always had, but been using it as my business account, as I really had no there choice. when I became bankrupt I could not open any new accounts, nationwide allowed me to continue using my current account. I now have had a…
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Moved: I'm drowning and I need help!!!
This discussion has been moved.
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Tax Credit Overpayment help
Hi all, I have a question regarding an overpayment of tax credit (although I think I know what the answer may be). So firstly I went BR on 12 Feb 2020 and was DC 12 Feb 2021. I was advised in June 2021 that I had been overpaid tax credit for the period Apr 2020 to Mar 2021. They asked for payment in Oct 2021 (to which I…
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High flyer about to land hard or few bankruptcy questions
Hi Dear Community, I hope you all are doing well. Not sure if everyone is willing to know my story so I'll skip most it, but happy to answer any questions. I'm director of an LTD which is about to go down as a result of mostly my bad actions. The ltd was running for several years now and at the beginning it was fine, but I…
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Should I go Bankrupt when I have to inevitably have to move out?
Well long story short. I am 21 and 35k in debt! Income £19,914 Currently on PayPlan paying 250£ a month. I passed my apprenticeship recently so hopefully I get a decent paying Job or a promotion. I am going have to move out very soon which is unfortunate. I’ve been offered an IVA but I don’t like the sound of it. I have…
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IVA "management fee charge"
My relative has an IVA which was supposed to last 6 years and when he took it out his debts were about £32K but he was due to pay back less than half of that I think over the 6 years. He knew the IVA "management fee" charge was about £900 and that they had included that into his weekly/monthly repayments. He also knew that…
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Copy of IPA
Dear MSE pals, I have recently been discharged from bankruptcy and making some changes in my life. Thanks to all you out there for the help but I have one question regarding the IPA figures. My interview Went smoothly and was given an IPA I am comfortable with if a little tight. I was given a payment schedule for the…
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After Aquired assets
I declared myself bankrupt in March 21 on disability benefits with no assets. My total debt was £35k in August my best friend died suddenly leaving me approx £60k in cash and a car valued at £15k the OR will take 15% of the cash £8,250 and their fee £7990 plus the debt of £35k. The car will be auctioned and after all fees…
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Buying my exes share - How flexible will the Official Receiver be?
Hello, I had my final hearing for divorce finances a few months ago after being 2 years into the process and an order was made to have the house fully signed over to me with no payment, my ex was in contempt of court having never even filed a Form E.. We're two weeks from completion on my new mortgage and transfer of title…
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Not receiving Universal Credit code
I am receiving Universal Credit and had no problems up until today! I cannot sign in as I'm not receiving my code through my mobile. Is there a problem with their systems today?Any suggestions?
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CRS contact whilst Undischarged
Hi guys. Been contacted today by CRS, a debt recovery agent. Asking me to make arrangements to pay a debt of £37 which was originally a Klarna Debt. When I applied for Bankruptcy. Everything including the small debts were included. I am paying into a IPA and have done since around June 2021. Are CRS trying to pull a fast 1…
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Bankruptcy Advice
Hi All, Unfortunately I have ended up in a bad situation arising from being a personal guarantor to a business. I left the business and directorship in 2018 but the business started to struggle and was liquidated in 2020. I was a guarantor for loans in excess of 300K. I have been employed in full time work since I left but…
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Considering BR - Repossessed property mortgage shortfall question!
Considering BR sooner rather than later due to circumstances but...... I've just had a shock email. I sadly had a property repossessed when life was all completed messed up and there ended up being a £19k shortfall in the mortgage when the property was sold. I've had a fair bit of to-ing and fro-ing with HSBC and it was…
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IPA - when does it start from?
Hi guys, and thanks again for the brilliant advice in these forums. I'm now at the stage where I've been told I am going to enter into an IPA purely for council tax and income tax as I have no surplus. I've been sent an agreement to sign, but I'm confused about some of the wording. It states that my council tax payments…
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Applied for a DRO, what now?
I applied late last week for a DRO to clear around £28k. Is it normal for the wait now to be 6-8 weeks please? also my bank is always in and out of minus but I didn’t add it as a debt as it’s usually only around £20 max until I’m paid again. What if when they check they see it’s minus, will they shut it down please? It’s…
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Legal claim after selling house while bankrupt
(I am not asking for legal advice) Hi all, I've followed this thread for a while, helping me in bankruptcy journey (thank you), and now something has come up leading me to ask for members help please. I am 10 months into my bankruptcy. At the start I did own a house in joint names with my ex-partner. After seeking a lot of…
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Bank Account and Credit accounts still showing.
Hi guys. 1st question. I held a current account with Santander up until my Bankruptcy was granted earlier last year. I assumed the account would be closed and any funds left in the account would either go to the Bankruptcy or be sent to me. 9 months later the current account is still open, although frozen. Shouldn’t this…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
