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Bankruptcy, Low Income and IPA
Hi, I applied for bankruptcy in March. I have 4 children and an income of £18,005 working as a HCA in the NHS. The OR set up an IPA for £64/month as they've said that because my partner and I live together and his income is greater than mine, he should be responsible for 60% of our mutual expenses, such as rent, utilities,…
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Car value £1000 questions
If doing a DRO and you drive an old banger, how can you get proof if worth under £1K many times a car is not worth repairing as it costs more in maintenance than to buy a new car. surely for DRO purposes it’s better to keep the old banger and put down on expenses very high maintenance costs
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After acquired assets
Hi i went bankrupt in March 2021, for £34,773.33p i am on esa and pip due to a neck injury. my biggest debt is council tax and my council is not on the agreeable to IVA list. 2 weeks ago, my longest friend died suddenly and unexpectedly, leaving me some money, approx £60k but this has not been confirmed by a solicitor. I…
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Halfway done.
I just realised that I'm already 6 months into my bankruptcy. It's gone in a flash. I am annoyed with myself that I hesitated for such a long time, because it could all be over by now. I know everyone says it, but it wasn't a fraction as scary as I thought it would be. The first few weeks were confusing and nerve-wracking,…
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Bankruptcy removed from CR early
Weirdest thing happened last month. My bankruptcy was removed from my Equifax CR 3 years and 4 months after discharge. Anyone know of how/why this could happen?
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Bankruptcy- Newbie
Hi, I've read through pages of posts and apologise if I end up repeating what has already been asked. I'm in the process of determining if I should elect to either do a DMP (debt management plan) to clear off my accrued debts (maybe 7 Yrs), or as suggested via on online chat with CA, go bankrupt as it will be quicker and…
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Not sure how my credit file should look post BR
Hi I came out of my 1year bankruptcy in June so I'm now 6 months clear I still have a join loan that I'm no longer accountable for showing on my credit file. luckily the ex keeps it up to date it's not a default but it's a for a huge amount (more than my annual income anyway). Should this still be on there? Also my…
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LCS still harassing me
Good morning I was declared bankrupt in 2018 and was told to go to the Recievers office to discuss my situation. While there we went though all my business debts and personal. Now 3 years on a company called LCS are constantly sending letters for a business debt even though I’ve told them it was added by the Reciever as a…
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Using bank charges refund to pay bankruptcy
I have been long term reader if this forum. I have debts from years ago. I have not had any new credit in 2 years. After years of ignoring I finally sat down and looked at them. Stepchange have recommended a DMP. However, I’m in social housing. Have no assists. My debts are £28300. While I appreciate their advice I’m going…
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IPA rules after discharge
Hi, I’ve been paying an IPA every month for 18 months of £130. This month it was due to go down by £80 as my universal credit is going down by that amount. Now my landlord has let me know my rent is going up by £50. I’ve let the OR know and my IPA has been cancelled. Does anyone know if that’s it? Or can it be brought back…
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Moved: Online School Debt.
This discussion has been moved.
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IPA
Hi, last month I declared myself bankrupt and today I had my first interview with OR. The question is how will they decide for how long will I be on IPA? I can't really find an answer to that anywhere. Is there anything that I can do to get 12 months of IPA instead of 36? Many thanks in advance
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Bankruptcy
Hi, looking for some guidance here as it's been a horrible year, my husband was made bankrupt this year by local authority for business rates, OR promised to keep in house but suddenly passed to Insolvency Practiitioner who are chasing c£180k and increasing because our home is in my husband sole name. Simply a matter of…
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Am I entitled to share of equity from a sold house during bankruptcy ?
Hi My situation is that my very recently ex husband went bankrupt 2020 and was discharged recently in the last few months however in the process of the bankruptcy my ex gave back our house to the bank. I was not on the named mortgage however I did contribute to the deposit towards the house , paid towards the mortgage (…
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Scottish DAS - IVA on Credit File
Hi there, I have been in a DAS for 3 years now and paying my debt pile off slowly but surely - 4 years this month until it’s done :smiley: . For the last 3 years I’ve not touched credit (not that I’ve been able to anyway…) however I decided to download the ClearScore app just to see how my file was getting on. Couple of…
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TSB - Data controller.
Evening, Clearing up the credit files and a TSB Loan default is 5 months post BR.. I have called, researched via tinterweb and still can't find any information on who to actually write too.. Does anyone have these details please. Stay fresh
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Moved: pari passu principle?
This discussion has been moved.
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Scotland - Minimal Asset Process
Hi all, Would you mind sharing with me your experience of applying for MAP and living with it? Here is my background and why I am thinking of applying for MAP: My husband left me 2 months ago turning my life upside down as I had been left with all the bills to pay and roughly £6000 of my debt (£3000 credit card, £2000…
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company liuidation - can I get list of creditors
On the companies house website I am looking at a liquidator's "statement of affairs" for a company that was liquidated a few years ago. It includes one figure of around £40k for "unsecured creditors" Is there anywhere I can get a list of the individual creditors?
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Declare or not
Hello I was discharged in 2016 and I recently looked at my credit report and I can't see it anywhere. Is this an error? I am saving up to buy a house, do I need to declare I once was bankrupt?
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
