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Bonuses prior to IPA set-up
I'm still waiting for my IPA to be set up can I spend my bonuses?
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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
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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…
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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…
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Help!
Hi, I have quite substantial debts from my previous relationship and have now re-married. My husband owns the house and I have a car that isn't worth very much. I am considering bankruptcy as I have no way of paying off these debts and quite rightly, my husband doesn't feel he should be included in these debts whatsoever…
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Whats the difference between a dro and bankruptcy
Hi I'm wondering if anybody could help after speaking with national debtline they recommend andebt relief order however with stepchange recommend a debt management plan but PayPal recommend bankruptcy only PayPal are saying this is based on me making payments against my car on hp and that isn't allowed om a dro bit it is…
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Bankruptcy rent/ bills question
I am going to be applying for bankruptcy soon & juts had a couple of questions wonder if anyone can help with? 1) We have recently moved into my partners mothers house (she has moved in with her partner elsewhere for now) and we are paying her a rental amount for her house, and we are doing a bit of painting sprucing it up…
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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!
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
