-
A year after being discharged from bankruptcy
In late 2018 I was finding it increasingly difficult to work due to numerous health issues which were getting worse. I was a freelance graphic designer, working from home. In early 2019 my health conditions overwhelmed me and I had to stop working completely. As I had numerous debts, I was declared bankrupt on 7th June…
-
Accessing foriegn funds
Hi All, Im in a real pickle as my husband owes a lot of people money and Im desperately trying to keep afloat for myself and kids. He is thinking of filing for bankruptcy as his debts outweigh his assets. We do have a small property in Spain which we have been trying to sell for a while as cant afford to run it or visit…
-
Bankruptcy application submitted - Thanks guys
Well guys, Mainly a big thank you to each and every one of you who have been patient with me and answered my questions over the last couple of weeks. I have late this afternoon hit the submit button on my application, the application was completed about a week ago, I was just scared to actually submit. Now time to await a…
-
Queries re: Credit Approvals post bankruptcy
Just wondering about others' experiences here. Bankrupt 04/2019 Discharged 04/2020. 17 Defaults and 3 CCJs included in bankruptcy. All defaults and CCJs appearing on credit files as closed and settled with £NIL balances. Had to settle one of the CCJs myself for it to be marked as satisfied but it was tiny, I don't mind.…
-
Moved: Time Share New Spanish rules..
This discussion has been moved.
-
EX160 - do these associated costs need to be repaid
Hi, I have needed to use EX160s for a variety of reasons recently and they have been accepted as I am on Universal Credits. I am expecting a large personal injury payout but not in the near future, and was wondering if the costs associated with the EX160's will have to be repaid if/when this payment comes through? Any help…
-
CCJ
Hi, I hope this is the right category. I have obtained a CCJ against a Ltd company registered at a given address with companies house. This is a private residency (jointly owned) by the director of the business and his GF. The debtor is refusing to pay the debt and I was wondering if I could obtain a charging order against…
-
5% mortgage after bankruptcy
I was just wondering if anyone has had any luck with the new 5% mortgage deals. My husband and myself both voluntarily filed for bankruptcy in 2014 due to a failed pub (lots of problems with the maintenance of the place and false promises from the previous owner and brewery) The bankruptcy is now cleared from our credit…
-
Bankruptcy - Annulling after 18 years. Does anyone have experience?
I went bankrupt over 18 years ago due to pressure from MBNA. If it had happened more recently the FCA would have prevented them from behaving like a loan shark. Anyway, after 18 years I've decided that I want to clear it off of my record. However, the OR has informed me that I may face 8% on the debts so this has thrown a…
-
Opening a current account /mortgage after discharge
Hi, I declared bankrupt in 2016 and discharged the year after. So as I understand its 6 years until it comes off my credit file completely ? I am in a much better financial position now and have managed to start saving for deposit on a house, obviously not until I'm fully discharged as I'm still unable to open an ordinary…
-
NT Tax Code
Hi Everyone, New member but have read the forums for quite a while and learned a lot - Thanks I have been on an NT tax code since August 2020, No one has contacted me to collect any unpaid tax yet. Will someone contact me after discharge (end of April 2021) to ask for the money? - i have been using a salary calculator and…
-
IVA Settlement issues - unhelpful practitioner
Hi I wonder if anyone can help? I’ve just come to my 3yr IVA anniversary. Due to a bereavement in the family my mum is in a position to offer a settlement £1k under what I should be paying back. I sent an offer letter to the IVA company in Feb. They STILL haven’t approached creditors. I’ve asked to be updated but I’m…
-
OR Contact
Hi guys my bankruptcy is being dealt with by the Birkenhead office, so would assume it’ll be them contacting me if/when I require an interview. However, Friday of last week I had a missed call from 020337871395 (couldn’t answer I was in work), then Bank Holiday Monday a similar number ending 1947, given it was bank holiday…
-
Pensions & Bankruptcy
I'm messaging on behalf of my dad, he is 62 years old and due to retire within the next few years. He has a private pension which is now worth £21,000, and another worth about £4,000, He also has a NHS pension as he works as a hospital porter and has done for the past 17 years. He had to declare himself bankrupt in…
-
IPA and new expenses
Can I have the expert thoughts of the group? I'm filling out my expenditure and income I've realised I don't have have home contents insurance no do I pay that much into a pension. Before I have my IPA meeting would it be ok to up my pension and get things like contents insurance if people are allowed an allowance for them…
-
New broadband provider
Hi all. I’m due to be discharged next week and also my contract is up with my broadband provider. I would like to find another supplier as not overly happy with current (post office) Are some more bankrupt friendly than others? Also will it be better to wait for discharge or will it not matter as only a few days more?…
-
Bonuses prior to IPA set-up
I'm still waiting for my IPA to be set up can I spend my bonuses?
-
IPA - Selling items
My mum is down sizing, moving home and asked if I could sell some of her items on eBay (she hats the internet, refuses to have broadband) She knows I have an ebay account, if I agree, this will look suspect on my bank account. Im already 1 year into an IPA.. Should I just say I can't? Thoughts. Thanks
-
Magistrates court and bankruptcy
Hi, and thanks again for the brilliant advice in these forums. I have been slowly filling in my bankruptcy online over several weeks. I have the fee saved up so that it's ready to go when I press the button. I have today received a magistrates court summons for non payment of council tax. They give me the chance to pay the…
-
child maintenance
Hi I'm currently thinking of going bankrupt but I am looking at expenses and my out goings are higher than my income. I pay out in child maintenance £510 per month ( 4 kids ) but I also give them pocket money and pay towards hobbies ect, just wondering if this was allowed and also what would be a realistic figure to put in…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
