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NT Tax code and Universal Crediting classing it as additonal income
Hi all. Would much appreciate some guidance. I went Bankrupt on 26th April. In may I was placed onto a NT tax code. Come end of June our universal credit payment was literally about £10. As usually around 400. I found out this is due to the fact they were classing the extra money from tax as additional income, even though…
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Queries on what happens to services after bankruptcy
Hi - I've found small pieces of info on all this, so apologies if i've missed something that covers these points in other threads. If anyone can help with these queries I'd be very grateful. 1. What happens to mobile phone contracts after bankruptcy? I'd read on the EE site that they may let you keep your phone under…
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Bankruptcy or IVA
Hi all, as a non homeowner and somebody with very few assets which one of these would be the best route for me to go down, i have had a quote for an IVA which is affordable but the length of time is concerning as i am not getting any younger and who knows what could happen to them health wise during a 5 or 6 year period i…
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What next. IVA just ended
Hoping for a little advice or at least to point me in the right direction. IVA certificate came through today. My credit it pretty good, but we need to rebuild my partners. We want to move house next year as we've outgrown our current one. I have a car loan at about £15k left to pay and I have no credit card debt. Where do…
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How do we get out of this mess
hi, this is my first post. Today I spent just over 2 hours on online chat with business debt line, I ended up more confused, more stressed and more upset by the end of it, I have never been in debt in my life until the last 2 or 3 years. We are a self employed husband/wife partnership. Covid as dam near killed our…
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Bankruptcy mortgage
Hello all, Bankruptcy occurred October 2018 discharge in sep 2020. looking for a mortgage … which lenders ? Any advice I am looking to wait until 2022 until 2 years discharge if needed. I have a 25% deposit Cheers
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NT tax code and universal credit
Hi all. Desperate for some help. I went into a NT tax code 4 weeks ago. We have had our statement for universal credit come through and we are not being paid anything at all this month now. I have called universal credit and explained that this is not additional income and has to be repaid back, but they they just keep…
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New & struggling to make sense, SOA & help please?
Hi everyone I've been lurking for a while now and have some questions that I'd be forever grateful if anyone could help make sense of. Quick background... I have just short of £38k debt in my name. All built up over the last 5 years, moving house multiple times, private fertility treatment, redundancy etc. It's held across…
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Moved: Southern Water D Debits
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BR payment.
I am in the process of filling out the online form for bankruptcy, but won't be submitting till next months rent has cleared. In terms of paying the fee, i see conflicting reports, you can pay by credit card - but morally you shouldn't. People advising to take it out in cash and pay that way - surely this is just as…
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Writing to creditors after being accepted for bankruptcy
I have recently been accepted for bankruptcy, and thinking ahead - I'm wondering about the time coming soon I assume when my debtors haven't received the next regular monthly payments and will be writing angry letters to me about that. Whilst I know the OR contacts them, I also know these companies will likely try to get…
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What is considered as Excessive Pension Payment - post discharge.
I have recently been discharged from bankruptcy in Scotland (Sequestration), and I am subject to a Debt Contribution Order, which was set at NIL as the time of my bankruptcy as I was not working, but will be in force for a further 3 years. I am in the process of transitioning from being largely on benefits to a better paid…
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Advice on next steps having been advised to go BR
Hello, I'm a DFW forumite and am trying to help a family member, who has been struggling with debt for some time now and having punched his numbers into the SC online debt remedy tool, the recommendation is bankruptcy. Initially, when he reached out to me, it seemed that a DMP would be the best option - but now I have more…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
