-
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…
-
Bankruptcy friendly Bank Account
Hi guys, Online bankruptcy application is now showing ‘ready to submit’. I obviously need a basic bank account to make sure I still receive my income once the OR freezes my Current accounts, my main banking is with Santander. Can anyone recommend a basic account. I was looking at HSBC but after speaking to someone in…
-
Self Assessment Tax return
Hi, I am employed and also self employed. for the year 2020-2021 my tax was nil due to the bankruptcy. I have just tried to to file my tax return for the year 20-21 and when it has calculated my return it appears to want to add the tax on that I have underpaid due to being on a nil tax code. Has anyone had any experience…
-
Are DD’s & SO’s still honoured.
When a main usage bank account is frozen are direct debits and standing order still honoured. For example when I submit my application, let’s say my account gets frozen by the bank on Wednesday/Thursday and there are Direct debits due on the Friday, will they be honoured. And.......... alternative question, if my accounts…
-
Not as clued up as I thought I was....
Hi all After nearly 12 months of following I have finally decided to post. I was all for going BR. Stepchange helped with my SOA. Spoke to my employer to make sure emplyment won't be effected ( I work as a secretary for a solicitors). In the process of raising my BR fee. Applied for the Gov account and filled in just the…
-
Bankruptcy advice please!
Hi, I'm currently on an IVA with 2.5 years to go. I've asked for a review on my monthly payments (which were £301 p/m) as I have split from my partner and struggling financially, mainly due to extortionate rent in London. I've heard today that they are more or less halving the payments but have extended the term of the IVA…
-
Bankruptcy experiences?
Hi I’m looking at bankruptcy, been reading up a lot about it but would be really grateful for others’ advice/experiences. -Having spoken to National Debtline and StepChange and gone through my budget, I will get an IPA. Does that mean I’m likely to have to provide bank statements every month or suchlike? Don’t get me…
-
Household income / personal expenditure
I am currently going through my bankruptcy application, but a little confused. I have input my income and my wife’s income. However as I understand it I only need to provide my own personal expenditure, my problem is, myself and wife have never split the essential bills, I pay all the essential bills whilst she looks after…
-
Almost submitted BR application......
And then I discovered this amazing wealth of knowledge and people here on MSE, so maybe it’s best I hold fire and get some advice. I have 20 creditors and a debt of almost £58,000. The single largest being HRMC at £18,000 and then a loan from in-law’s at £8600 and then various CC’s, catalogues etc and a Zopa personal loan.…
-
Bankruptcy fee paid
Hi guys, I’ve just had confirmation the charity I’m a member of the bankruptcy has now been paid in full. I’ve not submitted the application yet as they say it can take a couple of days to show on the application. I’m so so worried, feel a little sick, and really apprehensive about hitting that submit button when it…
-
Partners income
I’ve finally declared myself bankrupt this week, after a separation from my husband 2 years ago which was messy, I finally moved on and now live with my new partner, so I have a few questions relations to my impending official receiver interview will my partners income be counted towards disposable income my she had her…
-
Please Help - Week away from..
:(Bankrupcy. Please can someone help advise my situation I have been CAB not really give me any real advice. * I have lost my property owe £9000 in Mortgage and as it is in Negative equity they I now owe £25000 short fall im told. * Owe £15000 in CC debt * £3000 in various other things utilities etc. * I had £4k in savings…
-
Advice needed as considering bankruptcy
Firstly hello and I hope everyone is safe and well. I am on disability of ESA and PIP and my monthly credit card and loans payments are simply unaffordable. I don't own home or have savings, own a car outright etc etc. I am just concerned about life after bankruptcy and don't know anyone who can answer my questions. So…
-
Mortgage after BR
Hi, I was forced into BR in Nov 2017 and I was discharged in Nov 2018. My credit score is slowly going up but I have been told by financial experts that before 3 years I can get a mortgage but it will be a larger deposit and the rate won't be very good. I really want to buy now (3 years will be up this year Nov 2021) is…
-
Bankruptcy - you can't "manage or promote a company", but what does that actually mean?
Does anyone know? I've read the bankruptcy restrictions guide on the gov.uk site here: https://www.gov.uk/bankruptcy/restrictions It says you cannot "create, manage or promote a company without the court’s permission", but what in practice does that involve. I understand that you can be employed while you are bankrupt, so…
-
Bankruptcy discharge.
Hello there. Wondering if anyone can give me some advice. I have one month till I am discharged for my bankruptcy. I need to know more about the certificate to prove that I am discharged because last week I had a soft search done by Lowell for affordability. All debts were put into the bankruptcy and I need to know what…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
