-
Can I be discharged from an IPA sooner?
So I have a rather unusual case, and I want to appeal my IPA in place, as I don't feel I earn enough to be on the payment plan and won't be for the foreseeable future. In January, I was released from Bankruptcy, but before this, I was put into an IPA. Subsequently, I reduced my hours in April, received a reduced salary,…
-
Has Bankruptcy law changed much in 18 years?
I went BR in 04/04 an wondered if it had changed much since then? My student loan was included (think that has changed) I had early discharged from the OR I kept the tax money saved from having the NT code
-
Cleaning up credit file lowell wont close accounts
Hi all. My bankruptcy ended on 26th april 2022. I have 4 creditors defaulting me still, of which ive been trying to get the accounts marked as closed or settled since the start. This is the reply i had off lowell. have asked for the default on your Credit File to be updated to partially satisfied as of 26/04/2022. From the…
-
Bankruptcy and Inheritance
I went BR in 2009 when I was very young and foolish. I have managed to rebuild my life since then and got myself on a good track. My dad died intestate in 2016 and following this my mum decided to make a Will in 2019. She has now sadly passed away. I am currenlty dealing with the estate and have a solicitor helping. They…
-
Debt accounts still showing open after discharge
Hi guys. Sorry if this has been asked before. I was discharged from my Bankruptcy 22/4/2022. However all debts that haven’t passed the 6 year anniversary of the default are still showing on my credit file as ‘open’ and includes an amount owed. Should I be getting in touch with these companies to ask why they have not…
-
Debt sold whilst in bankruptcy
After a little help please I was made bankrupt 12/05/21 so will be discharged very shortly. One of my debts included with the bankruptcy was with Next. I got a letter recently saying that PRA group had brought that debt. They didn't demand any money in that letter so I thought they would just see I'm bankrupt and that be…
-
Halifax
Evening All, I know there's no guarantees, but I was just wondering whether anybody has any experience of Halifax being a bankruptcy friendly bank? My main (basic) account is already with them, I have do debt owed to them or any associated companies, and no credit facilities etc. Would like to be able to keep my account if…
-
Mortgage shortfall balance
Hi, I'm a long term lurker and found replies to all the queries I've previously had without needing to ask so I'm hoping one of you may be able to help :) I went bankrupt several years ago and had a property left to be repossessed by my trustee as part of my bankruptcy estate. When it was eventually sold at auction there…
-
Business Partner Bankruptcy
Hi - apologies if this is not the right place to post. I'm a director in a small limited company with a business partner who is also a director. We have an equal number of shares each (as well as other share holders), with ours holding a majority. He may be declaring bankruptcy personally so I'm worried how this will…
-
Help! Account frozen 2 weeks before discharge
I had no idea this might happen. I have a basic account with Lloyds (plus a couple of attached savings accounts with them to help with budgeting) and for some reason my account has been frozen. I have just rung Lloyds and they told me the block was put on on the 28th - I'm due for discharge on May 14th. I am paying into an…
-
IPA monthly payment but 4 weekly pay
Hi everyone. Does anyone know why IPA payments can't be set to every 4 weeks instead of monthly? I understand 4 weekly pay is 13 pays in a year but when they are adding money on top of my 4 weekly pay to make it into a monthly payment schedule is making it very hard, I'm having 50 that isn't there added on to make it…
-
creditors
At the end of a sequestration case, the asset of £64,000.00 most of this has been used up in Trustees costs an solicitors fees, leaving £5,000 to pay the original creditors what should have been the amount of £17,286.44, we have been asked to be Audit Commissioner for the accounts but we don't know any accountants to get…
-
Capquest
hi my dad was a victim of identity theft in 2002 for 900 pounds on a credit card . My dad told halifax there was no credit card. My dad is disabled and dislexc .Halifax told my the account. Was closed nothing was mentioned for 20 yrs then this year capquest sent him a letter saying he owes 8324 pound Halifax refuse to…
-
Bankruptcy?
Hi everyone, Recently, bailiffs started chasing me for council tax debts related to an old property. As a result of this I got some debt advice and am in breathing space, but the whole episode has kind of made me start to face up to my issues with debts. National Debtline suggest that Bankruptcy seems like the best option…
-
Can an old, undisclosed debt be written off after the Bankruptcy has ended?
We put my other half through bankruptcy several years ago to clear off a hefty debt. He has since remembered that he has a debt in his name which his ex-wife is still paying off. Is he able to get this one written off by siting his previous bankruptcy status? This debt was around before he applied for bankruptcy.
-
Declaring bankruptcy
Hello all, I want to preface with explaining up until last month I had never missed a payment in my life. However, due to sickness and not being able to go back to running my business, and having personal loans and business debt attached to my personal file, there is no way I'm going to be able to pay the debt. Though my…
-
Discharged
Hi Guys, very happy today as I have officially been discharged and although debts are effectively written off at the point of going Bankruptcy. My understanding is they are officially written off once discharged? Please correct me if I am wrong. Anyway, the main question I wanted to ask, now I am discharged, do my old…
-
Restriction order on a jointly owned property
Hi all , I feel I have to post this incase anyone out there is beside themselves on trying to sell a jointly owned property in negative equity my husband had debt in his name only and ended up with a restriction charge on our property , we put the property on the market and was told by the first solicitor that the property…
-
Bankruptcy - Salary, Bank account, and property rent
Good Morning Everyone, Apologies if such topic already exists (I tried to search however was not able to find exact answer) I am about to declare a bankruptcy, and as far as I know all my bank account will be frozen. I am still full time employed, and as I understood, for the first year my salary will be taken, and only…
-
A little advice please before I start the process.
I already have a basic bank account and have done for a few years. If I speak to my bank about the bankruptcy could they agree to keep my account or is it indefinite I will need to change? When I start the process, Will I need to upload all of my debts myself before they will agree to bankruptcy or can it be done as I go…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.9K comments
Most recent: IVA and Trading prop firm by ManyWays
31 August at 4:51PM
