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Todays DRO question
If a car is on finance, and worth (say) £8000, with a balance outstanding of £4000 would it become liable to being seized if someone went BR or applied for a DRO? and........... are the same rules applied if it has an outstanding logbook loan on it rather than HP?
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Phone contract upgrade while in BR question.
HiI am in the 10th month of BR. My BR ends mind December. The mobile phone I use for work has gone faulty and I am using a relatives phone at the moment, I am in a contract with EE who has been sending me messages to upgrade, but I have not done due to the value of the contract being above £500, which means I would be…
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Debt collection and Interest
Sorry if this is the wrong spot, my husband has a debt with Tesco Bank settlement figure was £12k as dated on there last letter asking for settlement, its been passed to Moorcroft now and received letters this morning asking for £18k, im assuming this is with the full interest over the term of the loan. He's going to offer…
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Bankruptcy in Northern Ireland climbing
Good Evening everybody. I am new to this site so bare with me . I’m about to go bankrupt £25k in debt credit card and loans. My question is has anybody dealt with the Official Receiver in Belfast as I’m dreading the interview Does he/she take all your extra income for an IPA. Can you also keep your broadband. A family…
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Change in Circumstances in IPA
Hi guys looking for some quick advice. I’m 1 of the unlucky few that has to pay into an IPA. At the time of declaring bankruptcy my youngest son was in Nursery, which we were paying for with a substantial amount paid for by way of Tax credits. Now my son is no longer in paid childcare we have had a drastic reduction in the…
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Credit card after DRO
My DRO ended at the beginning of this year, but I’m going to need a credit card towards the end of this year/early next year as I will need to go abroad and rent a car - so I simply need a credit card for car rental rather than actually using it for credit. The problem is I had cards with Aqua and Vanquis that were cleared…
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Another BR Question!
Hi all - hope this situation isn't too complex as other advice areas simply haven't been able to confirm. About to apply for BR - Ex wife left me with a lot of debt and as I'm in a new relationship, I'm wanting to wipe the slate clean so to speak. Now, I've done my income and expenditure and tried to be as accurate as…
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Bankruptcy and selling car
Hi I’m after advice. If Fred sold his car two months before filing for BR and used it to part pay back frank who originally leant him the money in the first place (total £450) does frank need to pay the £450 back to the OR and then make a claim on it very and get some back?
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Who do I need to contact.
Will keep it short, Went BR and now discharged. Have gone to changed my Broadband to BT they’ve called back to say I failed credit check because an old debt from 2017 is showing as active on my file? Is it down to them to update or the credit file company?thanks
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Moved: Refusing to default/not defaulting
This discussion has been moved.
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Bankruptcy approved now what
Hello there, I recently had bankruptcy approved and I’m wondering if anyone is able to help advise on the next steps as I’m a bit unsure of what to expect even after reading what is online. I had a call with an examiner which lasted about 30 minutes, they went through what I put on my application and asked a few questions.…
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OR Interview
Hi All, Those of you who have been through bankruptcy...how long did it take from submitting the application to the decision being made? And when was your OR interview? Was this done at a pre-arranged date and time that you knew about beforehand, or does the OR just randomly call you sometime after you have submitted the…
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Personal Injury Payment after discharge
Accident took place a year after discharge, it's now just over 3 years since discharge and will getting a lump sum from Personal Injury Claim in a few a months ( I hope ). I used the MAP bankruptcy and was discharged after 6 months, so it's 3 1/2 years since going bankrupt. Do I need to inform the AIB of the money? There…
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After acquired assets
Hi i went bankrupt in March 2021, for £34,773.33p i am on esa and pip due to a neck injury. my biggest debt is council tax and my council is not on the agreeable to IVA list. 2 weeks ago, my longest friend died suddenly and unexpectedly, leaving me some money, approx £60k but this has not been confirmed by a solicitor. I…
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Assets abroad
Hi, I am looking at possible bankruptcy. I currently live in England but have a 5% share in a company abroad, apparently worth €800. I have never received any money from this company. I am hesitant to disclose this asset to them as it would cause big inconvenience for the compay owner who is majority shareholder. I guess…
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New Basic account
I’ve been banking with Monzo since my Bankruptcy order went in and was approved back in April. I’ve opened a Basic Account with Lloyds today, purely as back up. Do I need to declare this account to the official receiver?
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CCJ settled after being discharged
Hi, is it possible to get a CCJ that was included in a bankruptcy marked as satisfied? Mine still show as active but would like to get the amounts set the zero if I can.
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When will this drop off my file?
This debt was from 2010 and defaulted in 2016 so when will it drop off my file please? Is it on the 6yr anniversary exactly?
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IPOQ and NT tax code
Quick question please if anyone knows: I'm doing my IPOQ form for my income/expenditure assessment. It asks what my income is and then what I pay in tax. I'm already on the NT code and have been putting an appropriate amount aside each month (the tax office have said they'll claim it from the OR in due course). So when it…
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Need honest advice on how to Voluntary Liquidate small ltd company due to ill health
I have run a garage for 8 or so years, sole director of a ltd company. I suffered double organ failure, then covid, then no staff, then lost the premises. Currently the ltd company is active but I'm not trading. I don't owe anyone much at all, don't have many assets. I would just close it myself but there is a 23k I think…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
