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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…
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Is this debt letter real?
I received this letter today and have no idea if it’s real! I’ve never seen anything like this before and really cannot understand how if I owed any money I wouldn’t have any idea about it until it was £5k? And also what would I even owe money for? I’m reluctant to type the link in and follow the login, incase it’s a scam,…
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Early Completion of IVA > Credit File
I’m about to settle my IVA early (after 9 months of being in it due to a change in circumstances). I understand the IVA will still stay in my credit file, but as I’ve settled it early, it will show as ‘completed’. My question is - although the IVA is on the file, as it’s showing as completed, will my credit rating…
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Charing order/ Ccj advise
Evening. I hope this in the right place. I’m trying to find the newbie thread but can’t (seen it mentioned in order places). Really hoping for some guidance please. in short. I received a letter from the land registry regarding an interim charging order that was placed on my property. This was two days ago. Myself and my…
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Bankrupt & overpayment with tax credits… help!
Hi all so my husband and myself were declared BR in October 2020, and everything went smoothly quite the relief if im honest. We spent years trying to fix it ourselves and it just wasn’t happening so we had to bite the bullet last year. fast forward to today July 2021, I have received a tax credits renewal which I didn’t…
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can anyone tell me if this entry is correct??
I went through bankruptcy on 18th May 2017, I have asked repeatedly for this to be changed as I believe the balance should have been '0' long before 3 months ago. Also they have bizarrely added a recent credit to take the balance down to £36. I believe this still causing significant damage to my credit file as it is…
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Bankruptcy & Tax Credits overpayment
Hi all soy husband and myself were declared BR in October 2020, and everything went smoothly quite the relief if im honest. We spent years trying to fix it ourselves and it just wasn’t happening so we had to bite the bullet last year. fast forward to today July 2021, I have received a tax credits renewal which I didn’t pay…
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Only 3 weeks left
Only 3 weeks left to discharge not counting lol,just for any one else out there worrying don’t I been saying for years going to go bankrupt but kept backing out. then when COVID hit I was down to 80% wages that was final straw for me, the process for me was very easy,RO phoned night before told me I had done nothing…
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Council tax demand after discharge
Hi, I have just been sent a council tax demand for payment within 14 days for the bill that was for the year of bankruptcy. I was declared bankrupt May 20 so discharged this year and just received the bill for last year today. I have called them and they said it says it’s being written off but this is the 3rd time they…
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Council tax - is this a normal process?
Not sure if this is a normal process to go through and I just need to grit my teeth and deal with it, or if my council are just being really bad at communicating. I had a court summons for CT shortly after my BR date. I foolishly assumed they would know I was BR and it would be OK. Bailiff threats for the following few…
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Bankruptcy and child maintenance
Hi everyone, Just wondering about people’s experiences of having to make payment when the only income is benefits and maintenance. It seems so wrong that maintenance money can be taken from and wondered how often this actually happens. If I use my SOA most of the maintenance money is “spare”
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Old Bank account stll has balance 6 years after bankrupcy
I declared myself bankrupt in late 2015, and was discharged 12 months later. I just discovered that a bank account which was sequestered(?)/frozen by the OR is still showing as having a balance of £300. (Got an email from bank about it, and phoned customer services). Before I take the day off work to go visit the bank in…
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Can't access funds
Is there any way to access a fixed term savings account due to severe debt? My friend has more than enough money to pay off all her debts, but despite many emails and calls and meetings the bank will not consider releasing her funds to her, to the point she is now looking to apply as a last resort for bankruptcy as the…
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Guarantor
I was discharged from bankruptcy two years ago and was left with nothing. I am about to start a new job which requires more travel and a car would be more cost effective. A relative has said they could act as guarantor but first I wanted to check if this would have any implications for them? Ie - they are not then then…
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Advice needed regarding IVA and bankruptcy
Morning, I am after Some advice. I have worked full time throughout the pandemic and am 2 years into an IVA which I am just about managing. However I have recently received a PAYE tax bill stating I owe over £6000 in tax that needs to be paid before January 2022, I can’t afford this. I live with my husband and 3 kids in a…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
