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Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

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Husbands Income
I am nearly there with submitting for bankruptcy - however have a couple of questions regarding my husbands income. Currently I pay all the bills etc. and he simply pays me an amount each month (£600) - this has been reduced from £860 in the last year as he too has debt problems. When I put income in I have added the £600…
Bankruptcy or DMP ?
I realised I was in over my head this time last year and had been struggling with a lot of debt that was just never going down due to minimum payments and interest etc - meeting all the payments but then using credit to live on - I am sure you know where I am coming from. Had a breakdown last Feb - and then we moved into…
Can’t cope with debt/bailiff
I have problems with mental health.I have ptsd and anxiety from domestic abuse.roughly 18 months ago a bailiff walked into my house and demanded payment of c.tax arrears I didn’t know I had.I had a panic attack,he still persisted he said he needed over £1000 in 24 hrs.I literally collapsed in a heap on floor infront of him…
Pension 8 years after discharge.
Good morning all, I will be turning 55 next month and intend to start drawing down a small pension and/or maybe take a small tax free lump sum I was BR in 2012 and fully discharged 12 months later. Absolutely all debt was included in my BR, and was also informed by the OR that they had no interest in my personal pension.…
Don't have pension details to declare in application, help!
Good afternoon, I have the fee to declare myself bankrupt. I started my application today, unfortunately I don't have my pension details from my previous employer. I have rung to ask for a statement, it can take 40 working days which will take us to Mid March. I am going to be issued with default notices in the imminent…
Couple of questions post BR
Hi all. I went through the BR process over a month ago. It seemed to be straight forward, no homeowner or car owner. OR said via email she will not need to interview me any further because she had all the info. I never received a phone call from them. However, just yesterday, my landlord (housing associate office) just…
Oops!
I applied and was approved for br last week and had phone call with OR, all good so far. looking back through paperwork I notice that I forgot to add one of my debts to the application, relatively speaking it’s not a large amount , £650, but still a debt. Will it be included in the bankruptcy? Also got a tax rebate from…
Pension contributions in an IPA
HiI'm staring down the face of bankruptcy and it seems people are paying more into their pension than me. I've been paying the minimum of 4% but have been advised I can pay up to 15%. Is this true? I will still be paying into an ipa
DRO and bank accounts
Does a DRO mean bank accounts (basic/no overdraft facility) are shut down as in a BR?
Discharge under BRU
Afternoon folks, Well my time is nearly up and due to be discharged in a month or so.. I have a BRU and IPA which I do understand, but curious to know how this can effect me going forwards. I'm not planning on getting any credit and defo living within my means, but will need a BR friendly car insurance company. Has anyone…
Mortgage Shortfall 50k Can I offer Full and Final Settlement
Hi Everyone. Not sure if post is in the correct location. New member to this website and looking advice please. I purchased a house with a friend as an investment back in 2007, 4 or 5 months before the house market crashed. When market crashed approx 100k was wiped of the value of the house. Took out and interest only…
Preparing to submit application and terrified!
Hi all, I am almost ready to submit my bankruptcy application form and would like some advice before hand please. I have read up a rough time scale of what to expect but feel a nervous wreck. I am a single parent currently on maternity leave. My maternity pay is paid into an account that I have a £2550 overdraft on, I will…
Solo IVA But a Joint Morgage
Hi Everyone, My wife is coming up to her final year with a solo IVA and they now want us to Refinance or re mortgage our house, but i am not part of the iva and i refused when she took it out, can i refuse to Refinance or re mortgage as it would for sure be a higher interest rate etc as our credit is now poor, Also i think…
One Year Later
Hello everyone! It’s been exactly one year since I was declared bankrupt. It’s hard to believe that it’s been a year since I made out the application and had that terrifying phone call - who knew what kind of year was still to come. Over the course of the year, I have spoken to the examiner once or twice and that was me…
Compensation for defaults not removed after bankruptcy
Good morning I was wondering if anyone had any advice please.. I had to declare myself bankrupt in 2013 due to my ex husbands gambling addiction. I still have 2 defaults on my credit file both for mortgages at the time were wiped out in my bankruptcy, 1 with the TSB and 1 with the Birmingham Midshire I’m finding it really…
How do I declare bankruptcy when I have an IVA?
Hi, I am asking how do I declare bankruptcy when I have an IVA? Thanks
Bankruptcy & IPA Advice Please.
Hi, I have a temp job that is only for the next few weeks. I am going bankrupt next week and trying to sort out details for the IPA. I have been offered overtime now and need to earn the money and but have been saying no because of the interview to come and it affecting me for maybe the next 3 years. Advice please? Also I…
Documents/Statements to give to OR - what they will want and how far back?
Hello I'm preparing to go bankrupt (will submit application in the next month). My debts have snowballed over many many years (12 years plus). Can you confirm how far back the OR will want me to go in providing documents as I want to start getting prepared. Thanks very much. M

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