-
Bankruptcy allowance question
Hi all - sorry if this has been answered but after some searching I can't find the answer to this anywhere. I've just failed an IVA for arrears - long story short I fell a long way behind due to redundancy thanks the pandemic and another personal situation prior to that and just couldn't face extending to 7 years. So now…
-
Debt and fearing bankruptcy
Hello I'm in such a mess and don"t know where to turn. 6 years ago we moved to France and had about £30,000 worth of debt. We had a DMP and was paying around ,£500 a month. We run into difficulties and stopped paying the DMP aboutb 4 years ago. To cut a long story short we had to move back to the UK in July due to brexit…
-
Bankruptcy and Mortgage
Hello all. Hope you are all well. I have previously taken a lot of advice and help from this website so I would firstly like to say thanks to everyone who contributes. Basically, after 10 years of juggling debt and 2 years ago going into an IVA, COVID19 has hammered in the final nail by causing my redundancy from my job.…
-
Do I have to do this, or are they pulling a fast one?
Me again (sorry!)! So since discharge last month I've had several companies contact me regarding a debt they have purchased (Lowells, Moriarty and PCF to name but a few). Yesterday I received yet another letter so I phoned the company explaining that they had purchased a debt that was listed on my bankruptcy order, that I…
-
Bankruptcy and website
Hi there, do you know if you're allowed to use a domain name for a website if that domain name asset is included in your bankruptcy or do you have to wait until you’ve bought it back before you can use it? Thanks!
-
Vehicle & Bankruptcy
I have access to a car and pay majority of running costs for this vehicle with my wife, however this vehicle does not belong to me. After taking advice from previous chats on here and Stepchange I have been advised to declare bankruptcy. In regards to the vehicle will the official receiver see this as an asset even though…
-
Interested in Bankruptcy, few questions
I’ve been struggling with debt for a long while now. Most of it marriage debts which were all in my name though, and when I left all the debts came with me and the children. I did manage to clear off around £13k of them but I still have at least an easy £26k left. I’m a single mum with 4 children and only work 13 hours a…
-
Newly bankrupt can somebody help please.
I went bankrupt on April 7th (nearly 2 weeks ago) I had a phone call from somebody at the insolvency just to check some details and then I was emailed some forms to sign (data protection etc) I’ve not heard anything since. I just wanted to know is everyone interviewed by the official receiver? Or do they decide not to…
-
Universal Credit advance Payment and Bankruptcy
Hi all, Does anyone know if Universal Credit will automatically stop taking payments for advance payment once I've been made bankrupt? Do I have to send them anything in writing? Thank you
-
Dissolving lots of limited companies and renting when rich
I'm working for a guy and bit worried about getting paid but that's another issue. I checked his name out on google and he has lots of limited companies which have been dissolved in the last twenty years. Someone told me this essentially legalised fraud where they buy lots of goods then when they can't afford to pay it…
-
Main Account in Bankruptcy application
I’ve recently opened a new basic bank account, which I will be having my income paid into from 23rd April. The bankruptcy application asks, which is my main account, pretty straight forward question I know. But do I select my new basic account on my application (there’ll be no activity on the account until 23rd onwards) or…
-
Post-bankruptcy & BRU restrictions
Hi all, Thank for taking time to read my message. I'm just looking for some guidance around rebuilding my credit score after being discharged over 2 years ago but still under BRU restrictions for 12 months. I know it mentions under the BRU/BRO restrictions that if you are applying for credit over £500, you need to make…
-
Voluntary Repossession feels like a burden lifted
Hi all, I have a mortgage on an old Victorian property which has a history of subsidence. A claim was made by previous owners to fix and as a result my insurance has a caveat to exclude subsidence or any "preexisting condition". The foundations of the house are in ruins and like a naive person, when I bought the house 5…
-
Finances while separating from husband
I have an IVA with 2.5yrs left with my husband. However, I want to end our relationship of 11yrs. Neither of us had, or have a good relationship with money, but I am tired of dealing with everything by myself every single time. I am always the one who finds solutions and ways to deal with things while he just sticks his…
-
Bankruptcy feelings
Hay so recently made bankrupt 6/2/21 the initial feeling of relief I had was overwhelming disbelief that I actually did it and now debts can’t chase me call me email me all day long. When I did answer the phone and they checked the register they apologised and the calls stopped it was so strange and I felt relief for the…
-
Enquiry from OR
Hi everyone. I declared bankruptcy in May 2018 and discharged May 2019. During the period of bankruptcy my Mum passed away leaving her house to my brother and I to be sold and proceeds shared. I informed the OR and was advised that my beneficial interest now belonged to the OR as after acquired. I was also told that when…
-
Notice of enforcement.
Hello i do hope that you are all doing good, well i am not. I am first time of here so if i do break any rules let me know. As from last week of wed, i got notice of enforcement. Which issued on 6th april 2021. . Which it say i need to pay all my debt by 16:00 19th april 2021, which i can do. I just need time till on 19th,…
-
Please help now discharged
Hi Myself and my partner are both now discharged after 12 months of bankruptcy and have fully co operated with the OR all the way through the process and no IPA was put in place because of low income. I have now been passed to a IP because I had a property we have now left and returned the keys to the mortgage provider and…
-
Credit file cleanup deadline
Hello, I am currently in the process of credit file clean up and one company has responded saying 'My team do not provide any changes to credit file and the ICO one month deadline relates to personal data updates, credit files are treated within our FCA compliance and therefore the same deadlines do not apply' They have so…
-
About to submit Bankruptcy
Quick question. Im about to submit my bankruptcy application, after speaking with my bank Santander, they have informed me my account will be frozen until a decision is made in regards to whether I can continue using the account. Obviously the application requests details of all bank accounts. I have been instructed by CAB…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by sourcrates
15 August at 2:19PM
