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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…
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SOA Feedback
Hello lovely people, partner and I are looking into bankruptcy after accruing 100K+ unsecured debt in a very short period of time. Any advice would be greatly appreciated. [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 2Number of…
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Debt Relief Order and Lump Sum (Bonus)
I am unsure of the rules here and would appreciate if someone could offer a little clarity. When working out income and expenditure, after tax amounts are used. Does this apply to a one off lump sum, such as a bonus. So, if I received a £1150 bonus (over the £1000 limit), but the after tax amount was approximately £800 -…
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Sugar daddies and bankruptcy......
Hello i wonder if people can give me some help! (ive offered to post this on behalf of someone who didn't want to start a new post and be seen as some kind of troll) as it might seem a bit weird A friend was made bankrupt end of May by a firm whom he owed a lot of money to, also had other debts to Telephone interview is…
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Possible IPA assistance please
Hi I wonder if anyone can help me please. I have had my bankruptcy app approved a couple of months ago and have my IPA interview soon. I would like some advice please if possible. I am the sole earner, my wife doesn't work, as is on a very high dose of anti depressants, and my son is 18 and is at college - full time. We…
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Discharged from bankruptcy for 10 months, Credit File still showing balances open
As per the title, Bankrupt in August 2019, Discharged in August 2020 Never heard from receiver or anyone from the original conversation. All the balances and money owed was put in the BR form. However on my credit file it still shows open and defaulted. Is this normal or do I need to do something my end? I read the…
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Southwark council rent arrears and debt relief order can they evict you..
Am in the process of sorting out my debt relief order with stepchange and am giving them information, I am a southwark council tenant and have arrears on my rent of £200 and am going to give a extra £10-15 a month to pay it off but stepchange want to include rent arrears in debt relief order and want me to contact council…
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Template letter for virgin mobile letting them know am unable to pay for my bills to them.
I have just cancelled my direct debits to virgin mobile while waiting for my debt relief order to be put in place and am going to send a letter to them but am really struggling to word it can anyone please help me with a template or advice thanks.
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RTB and wife's bankruptcy, but I'm sole tenant and applicant.
Hi, interested in doing a council house RTB. I'm sole tenant of property and can raise the funds required. Sticking point is my wife's ongoing bankruptcy. She isn't involved in any way with purchase. My only hesitancy is do creditors have any claim to property because we are married? Should we go ahead or wait for…
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Discharge
Hi, just after a bit of advice. Friend of mine was made bankrupt on 4th June 2020 and they have had no confirmation of discharge. Should they email the OR or wait a few more days ? I know covid will play a part. Thanks for any help or advice
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Don't know what to do!!
Afternoon all, just looking for some advice regarding my debts. I have been paying small payments towards my debts for a good few years now all defaulted. Spoke to step change they recommend bankruptcy as i rent and 46k debts. I wanted to go down this route for some time but always to afraid basically i owed my parents 12k…
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What do I do? Is Bankruptcy the best option?
Hi all, I am in a bit of a !!!!!! place with debt. We own our home so we do have this asset however we haven’t been here long so do not have enough equity to look at a secured loan. I have spoken about an IVA however I wouldn’t really be able to afford to pay much at all. I have the option on bankruptcy, this seems really…
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Moving on from bankruptcy
I filed for bankruptcy 2 years ago and have been discharged for over a year. The proceeds of my asset sales were insufficient to settle the debts and I had no income at that time to offset. Every 6 months I receive a request to provide details of my income but until now there not been any as my husband pays the rent, bills…
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Is it ok to cancel direct debits before debt relief order in place.
I have sent off my paperwork to stepchange regarding my debt relief order on Wednesday via special delivery and it was delivered Thursday and am waiting for the barcode to pay the £90 fee is it ok to now start to cancel my direct debits to creditors?
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Existing Credit Card during Bankruptcy.
HiI am halfway (6 months ) of a bankruptcy. The Argos Card I had with £750 balance has been closed but the £500 Amazon card remains open. Obviously I have not used the Credit at all and the balance has remained £0 since I declared myself BR, but If I was to use it, will this be classed as BR offence? Thank You
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
