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Selling the car?
This may be a bit of a strange question. Background: I'm 3 months into my bankruptcy, it was very straightforward and didn't need an interview although I haven't yet had any word about an IPA but I'm prepared to hear at any point, I'm saving up my council tax etc. They said I could keep my car as it was essential for work…
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DEA & Bankruptcy
Hi I was granted bankruptcy on the 31st of May and done all the telephone calls and from here on its a fresh start. I'm just trying to get things moved on quickly I've just one concern; I have a DEA direct earnings attachment from DWP @ 15% of my monthly wages, this was included in my BR application and was advised the OR…
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Paypal
Im currently working through my creditors port discharge but having an issue with Paypal They have adjusted my credit file to read settled and the correct date from my paypal credit account but they are refusing to close my Paypal account. Currently my account sits at a restricted level meaning i can pretty much nothing…
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Bankruptcy restriction order on credit file
Hi can anyone tell me how long a BRO should remain on your credit file for?. Bankruptcy started 15 May 2015 and was discharged on 15 May 2016. I had a 5 year restrictions order, which on the discharge letter stated it ended on 15 May 2021. I know it stays on your credit file for 6 years. I thought it would all be off my…
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Bankruptcy end date?
Hi I went bankrupt on the 11/07/17 I'm now in much better position and looking for a mortgage, but it's says 6 year from date of bankruptcy so does this mean as of 12/7/23 the bankruptcy will fall off my credit file, or is from date of discharge, which is 12/7/18 and it will be 2024? Many thanks 🙂
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Advice please
Can someone talk me through the process of going bankrupt? Is it just a case of filing for bankruptcy online and waiting for the phone call to go over everything and that’s it? Will we need to pay anything else at all? What happens to a car which is on hire purchase? We have 19 payments left to make. Will that be taken…
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Bankruptcy via Debt-Charity Route
Hi MSE forum, Wanted to ask Step-Change (will probably end up calling), have no assets, £45k in credit card non-priority debt. Debt Repayment plans suggesting going to take nearly 5 years to pay-off. Aware my debts will default either way, so have decided on the Bankruptcy option, and going via a Debt-Charity. My question…
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Bankruptcy or Not
Hiya im Sara and looking for advice and peoples opinion. In a dreadful situation with debt. I have been plodding on now for a couple years playing small payments and its all been ok but mentally its effecting me as i know i owe so much money and its effecting my sleep and everyday life. I spoke to step change beginning of…
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Advice please
Hi, I am looking for some advice re Bankruptcy. I recently set up a DMP but the maximum they say I can afford is £84. I have 2 CCJ's plus 12 other creditors, owing a total of £29870. Paying £84 a month means that It will take me years to pay off, so Bankruptcy seems the better option. I have 2 main issues I need some…
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Dro and car insurance
Hi my dro ended on June this year.im aware that it stays on my record for another 5 years but have a couple of questions about a new car and insurance I'm hoping someone can answer Am I still only allowed a car worth £1000? Will I have problems getting car insurance in instalments.when I actually had the dro I just carried…
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Insolvency Register
Hi I entered bankruptcy on the 1st of July. My details are on the London Gazette however when I search on the Insolvency Register nothing pops up for me. I am wondering if people know how quickly this is updated or takes to be added. Thanks 👍
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Last payment from work and bankruptcy what is the best approach?
Hello all, I’m due to be out of work from the end of the month but will have one last payment at around £3,000. I planned to use this to see me through the next few months and live a very basic life until I’m able to return to work. I’m unsure of whether to file for bankruptcy when I have that money as it seems the OR…
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Thames water and debt relief order.
I have just been approved for a debt relief order and my Thames water utility bill is included for £227 I was am not in any arrears and get my full bill yearly and pay it monthly I pay £23 a month, I am a little confused if I have to continue paying it or not or do I wait for the new annual bill?
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CCJ with DRO
Hi all, this has probably been talked about on here so many times but I just need a bit of clarity. I have a DRO and a CCJ, the CCJ was before the DRO and the CCJ is in my DRO. I set up a monthly payment for the CCJ as advised by Stepchange, its only £1 a month but I am still a bit confused by this bit of the DRO. So, my…
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BR and Bank Accounts
Just after some advice re opening a new basic bank account before I submit my BR. Would it be best to open a new basic account in my name, or just transfer my salary & pension payments into my wife's existing current account and then use her account for payments etc? Many thanks for any advice anyone can give.
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IVA/bankruptcy/DRO
Hello My husband has decided to start doing something about his debt which is around 25k. We have seperate finances (I have a much smaller amount of debt which is managable but I'm not left with much at the end of the month to support his debt... He pays around £650 a month but then spends again to afford things like the…
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Bankrupt and being chased by Cabot Financial - ignore or respond to them ??
Morning all,As always I am turning to you all for a bit of advice as hubby and I are disagreeing on the route to take !!I was declared bankrupt in October 2015 - discharged 2016 - This past month I have been chased by Cabot Financial for a debt they have taken on from Virgin Money/MBNA - I thought put my new head on and…
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Requesting credit after bankruptcy
Hello, Looking to build up my credit profile but had a question. When I apply for credit for a car (relatively low value) - when they do the credit check does it tell them I have previously been bankrupt? Or is it a simple yes or no based on my score. thank you
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Can I appeal IPA Amount
Guys, I was declared bankrupt at the end of April, I have only just been contacted to be informed I need to pay into an IPA which I fully expected and accepted. However I do not agree with the amount they worked out which does not include allowances for savings for my children’s Xmas and Birthday presents. I thought this…
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Working after Bankruptcy, Can I charge my husband rent ?
Hi Everyone, I am hoping someone might know the answer to this please. My Husband was made Bankrupt in February this year. (We lost our pub due to covid). He has been offered work but obviously he wants to keep his income below the threshold that will force him to pay surplus income for several years to come. My mortgage…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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Most recent: Hoping to apply for a DRO by sourcrates
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