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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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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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Default notice question
Sorry wrong section.....
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Selling house, joint owners, charging order on one owner - how is equity defined?
Hi, My other half was made bankrupt in Dec. A couple of weeks prior to that 2 final charging orders were placed on the house. We are joint owners but the charging orders are linked just to my husband. Official receiver has confirmed they have no interest in the property. We remortgage the property a couple of years ago and…
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New to bankruptcy, lots of questions
Hi, just a bit about myself, im a single mum to 4 children, aged 18,16,13 and 2 years old. I work part time.I have debts of around £28k and I’m getting no where paying them off. I currently pay a couple of them £5 a month and I would be 128 years old before that one debt alone is paid off. this is my SOA font=courier…
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Bankruptcy and child maintenance?
I’m completely new to this whole idea of bankruptcy so I will be reading through many posts and asking my own questions. I am currently doing an budget sort of form with my income and outgoings, my 3 older childrens father sends me money via a bank transfers with the ref child maintenance, does this money get accounted for…
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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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2 years post bankruptcy discharge
hi all i am approaching two years post discharge and wondered when i should be able to clean up my credit file. will all my creditors showing open accounts in default automatically drop off after the 5 years or will i need to request the removal? some of the free credit file sites are showing different resuts with some…
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Bankruptcy and Dla for children
Hi , I am currently bankrupt and due to be discharged in February. I have 9 year old twins with cerebral palsy and I was awarded Dla for them on the 28th December. I phoned up the official receiver and I was advised to email the IPA assessor, who had emailed me at the beginning of my bankruptcy to say I didn’t have to pay…
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Clean up advice and mortgage help
Hi there. First of all long time lurker first time poster and just a moment to say. This bankruptcy forum has been an absolute blessing offering so much support and advice to so many. Keep it going community! Right so I became bankrupt in October 2017. Discharged October 2018. I left it a long time to clean up my credit…
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Bank refusing to close accounts after bankruptcy
I went bankrupt in 2018 after a messy divorce. Amongst the debts was a loan in my name and an overdraft in joint names with my ex, both with RBS. Today I’ve received an account statement for the loan account showing nearly £13k owing. When I spoke to them, the (unnecessarily arsey) call centre person said that they won’t…
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Moved: Notice of Enforcement
This discussion has been moved.
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Bankruptcy questions
Hello all, I've finally decided that bankruptcy is probably the only way forward for me right now and I think I have a good grasp on most of the process, but I just have a couple questions is anyone can help? First of all, when your bank account is frozen, how long is it typically frozen for and how do you go about making…
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Ex Wife Bankrupt
HI, just after some advice here really. Back in 2019 my Ex-wife went bankrupt and I made an agreement to purchase her share of the equity this was accepted by the bankruptcy trustees and I made the final payment in 2020 and the charge was removed. The issue I have now is that my ex wife is still on the deeds to the house…
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Bankrutpcy Advice needed
Hi Having watched some videos on youtube. Most importantly one by Money Nerd. I find myself here desperately after advice. I've written as much back story as possible.Back in early 2016 I found myself thrust into the world of
setting up an LTD company as a way of being paid for the role I was about to
take on. It was a big…
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Moved: cifas cat 6 help!
This discussion has been moved.
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How do I get a creditor to A) stop reporting defaults and B) stop them selling on the "debt"?
I was discharged from bankruptcy in March this year and things have been good 😊 HOWEVER one creditor in particular is starting to get on my nerves! I have spoken to this company on several occasions, as I keep getting demand letters from them and they keep reporting missed payments, despite being the main creditor on my…
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Thanks and final steps
Hi there, just want to say thanks all for creating a helpful and encouraging environment during this bankruptcy process. My 12 months is up in a few days and I wanted to ask - do you automatically get discharged or do you have to wait for a letter confirmation from them 1st? As far as I can see I'm up for automatic…
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Bankruptcy indicator
Does anyone have an idea how I can actually find the source of a bankruptcy indicator. I feel I’ve covered every avenue and can’t find out what it is or who put it on my property.
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Pre pay debit card
If I have money on a pre paid card, can HMRC, DWP etc see this account? It doesn't show on my credit file.
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
