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Filed for Bankruptsy today, unsure what I do about my bank account?
Hi All, After years of suffering with severe debt (£32000), most due to ill health with an issue with my Kidneys, and taking on more debt to pay debts, I filed for bankruptcy today. Basically, we have enough money to just get by ( we have 3 children) but no where near enough to pay off the debts. I was on an IVA, and with…
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Bankruptcy again amd soa :(
Hi would anyone be able to help regarding my soa as I'm about to apply for bankruptcy and need to get these affairs in order prior im so worried and have so many questions and yet this is my second time being bankrupt
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Surrender of keys agreement please help
Myself and my partner are now discharged from bankrupcy and have handed the keys back to the mortgage provider for volantary repossession. I have always thought I should never sign a deed of acknowledgement after bankruocy because I could be liable for the shortfall but I have received a ‘Surrender of keys agreement’ and…
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Recently discharged what should i do about joint mortgage
I currently have a joint mortgage with my partner tracker mortgage at 4.25% currently we owe £28,500 on it the value of house is roughly worth £75,000 i/we are currently paying £358.00 a month which is £104.00 interest and £254.00 of principle i phoned bank to see if they would lend me any money to pay off the trustee but…
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Council tax arrears
Can council tax arrears be included?
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Post bankruptcy savings account (2.5yrs)
Hi all, 2.5 years ago when I went BR this forum was amazing and helped me every step of the way, so thank you all. here I am 2.5 years discharged and want to start saving for a mortgage, both myself and my husband have had promotions and have more disposable incomes than we’ve had for our whole married lives and now’s the…
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Tax credit debt and bankruptcy update...
For anyone struggling with the DWP and tax credits I have had an absolute mare with them. When I first went BR then my husband went DRO they continued to take payments then requested copies of both, fair enough and then recovery ceased and I thought that was the end of it. November 2020 for some reason they start taking…
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Credit clean up
Hi all, Just in regards to credit file cleanup, I have just moved address and doing the cleanup process following discharge. Barclaycard have emailed requesting my current address before they will amend anything on my credit file, I have responded with the address they had on file and a copy of all documents including…
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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…
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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…
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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.…
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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…
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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!
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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…
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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…
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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…
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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
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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…
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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.8K comments
Most recent: DRO Approved - What Happens Next by Jamie_37
23 January at 2:09PM
