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Iva’s and buying a new home
Good evening ! I am in need of advice please. My IVA is finished this June. (5years) it will be on my credit file for 6 years. Will this disappear from my credit record after 6 years?. I own my home and desperately need to move due to anti social behavior affecting the street and horrific next door neighbors. I’m hoping…
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How to remove charge from property
I have a house, I want to move house but have noticed a bankruptcy notice on the titles, this is “pending action” (I have never been made bankrupt, but the notice was made in 2011!! I don’t know who brought about this notice, I cannot get thru the relevant Count Court to find out who issued this in 2011…HM Land registry…
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Job application and Bankruptcy
Hi all. I wondered if anyone can shed some light on this for me please. Am applying for jobs currently and this application says 'Due to this being a role in scope for Insurance Distribution Directive (IDD) it is a prerequisite that you are not currently bankrupt and do not have an unspent conviction for a serious criminal…
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Moved: How to cope with debt mentally?
This discussion has been moved.
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Property held in discretionary trust and bankruptcy/IVO/DRO...
Hi all, Hope someone here can advise me on this. My aunt is planning to set up a discretionary trust to include the family home, where my cousin who is disabled will be allowed to remain living. Trouble is, cousin is in a hell of a lot of debt, and is potentially going to face bankrupcy or an IVO/DRO at some point in the…
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Old Bankruptcy and Demands today from creditors?
Back in the late eighties and into the early ninetees, I was a small gardening business and in partership with a friend. While we had the business going, we both had the same small pension going with the then 'Midland Bank'. We went bankrupt 24 years ago and everything was dealt with. Now, 24 years later the Royal London…
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Bankruptcy Process
Hello I've recently discovered that I was made bankrupt ten years ago. I assumed this coincided with a house move as I never received any paperwork for it. I also learned that the bankruptcy has been listed as to not close as I didn’t engage so it didn’t automatically close after a year. Is there a process for it be…
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IPA: not signed yet and I’m discharged in two weeks!
Advice please 🙏 I haven’t completed the income/outgoings paperwork and sent it back as my circumstances have changed for the worst. I’ve split up from my partner and I’m currently homeless and sofa surfing. I’ve read online if the IPA isn't signed before I’m discharged it’s not legally valid? Is this correct? I have a…
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Partnership business failing
Hi, im not sure if this is the right place to post but we have a family business (parents and child) and we are due to run out of cash flow. We owe nearly 600k of debt, however we do have assets, including a building that we own but we have a loan secured on this. The building is worth around 300k with the loan value of…
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Is there always an interview with OR?
I went BR by my own application on the 8th of January 2025, but have not been invited to interview with the OR. I’ve agreed and signed an IPA via email - which is an NT tax code only for the remainder of the tax year, and the same for council tax as I have no spare income. I’ve also given an account of when and how my…
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Debt Problems, don't want an IVA but seems the only solution
I'm currently considering an IVA through StepChange and would really appreciate some advice from anyone who's been in a similar situation. I have £46K of unsecured debt spread across three loans and three credit cards, and I’m feeling stuck despite trying multiple options. Here’s my situation: * I own a house with around…
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Scottish Map Process
Has anyone gone through this recently? I've come to the end of stressing about debt , tried my best to deal with what I can with what I've coming in , restructuring at work means a cut I'm hours to save jobs.
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Bankruptcy and credit file
Hello everyone, I applied for bankruptcy in January 2019. My ClearScore report shows that my credit cards were closed in 2019. my transunion report show that I still owe these cards money. 6 years have passed now and I would like to try to tidy my credit report. please could you advise me on how to get these removed from…
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Collection Letters 18 years after BR!
Hi all, I hope this is the right place for this! I became bankrupt in 2007 and was discharged in 2008. Since then I have managed to rebuild my credit file, obtain a mortgage and remain debt free. A few weeks ago I received a letter from a company called Opos who were contacting me on behalf of Capquest to collect an…
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IVA
Hi I’m currently on a debt management payment plan with step changes, it’s going to take over 11 years for me to pay back 16000. I’m not sure whether to apply for an IVA instead. Is this a bad idea?
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HMRC WARNING OF BANKRUPTCY
In November I received a letter warning of bankruptcy from HMRC. I owe then approx £193k in taxes, vat, fines etc. I was a soletrader for 10 years. For the last 2 years since I stopped being self employed I've paid them £500 a month. They have told me to stop paying, it's barely covering the fees & interest they said. I…
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HMRC - massive debt
My husband has been mentally unwell for some time and has a delusion that he has paid all tax (he is self employed as a copy writer). I finally got access to his account and he has a £60000 debt. I have spoken to hmrc on his behalf and they have agreed to take off the late penalties which add up to £5000 but we still have…
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BR and joint accounts
I am now 5 years post bankruptcy, January 2026 will be my 6 years up point. I went bankrupt a few months before I met my now spouse. We are getting to the point that we really need a joint account as handling the bills is getting messy with transfers here, there and everywhere. Spouse had some debt prior to us meeting and…
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General IVA/Bankruptcy Queries/Worries...
I'm considering bankruptcy due to not being able to find the £ needed for my first income tax payment since I entered an IVA in 2022 due to endless ongoing issues with HMRC. If I don't make myself bankrupt, it's inevitable they will do so soon, I think... Hours of researching and poring online have led me to lots of…
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Debt relief
Asking for a friend . I've been sat with my friend today , trying to help him out, I'm here asking for advice. He recently got made redundant , after 5 months in his new job , now he is on a zero hour contract . His debts are around £14k , bank loan and credit card. He's not registered to any house as he's a ft van lifer ,…
