-
Can I be chased for old debts after IVA ends?
Hi all, I have just received a letter from a debt collector about an old debt defaulted in 2016. I entered in an IVA in 2018 so this debt should have been added to it. I have contacted the IVA agency who agreed and are currently in the process of dealing with this. However, this got me worried about what if I receive…
-
ADJ Number / Bankruptcy
Hi guys. I am currently a member of the Transport Benevolent Fund through my employer. Which I pay a small contribution to weekly. I recently got in touch with them to enquire whether they are able to assist with the Bankruptcy fee, which they have said yes they can. They are asking for an ADJ number to allow them to make…
-
Soa Preparing to bite the bullet!!
Hiya me and my partner are finally getting ready to apply for bankruptcy and a dro would these figures be okay x Household Information[/b]Number of adults in household........... 2Number of children in household......... 2Number of cars owned.................... 1[b] Monthly Income Details[/b]Monthly income after…
-
Bankruptcy / Stepchange Calculations
Hi guys After working out my finances via the Stepchange website, it states my options are an IVA or Bankruptcy. I would prefer to declare bankruptcy but it’s so daunting, scary, whatever you want to call it. I have been as accurate and truthful as I possibly can in regards to income and expenditure. Can someone give…
-
Bankruptcy & car assistance Lon from employer
Hi, if I was to apply to be made bankrupt, would I still be able to keep my car? It’s on a car assistance loan through my employer, less than 3 years old and worth £8000, paying around £130 a month with 4 years to go on payments. I have children and use my car for school and work. thanks
-
Discharged after six years if never spoke to OR?
If itt takes six years from bankruptcy date to be wiped off credit file then would this also be automatically discharged then as well? I keep missing the official receiver, she left messages for me but I have no credit to get back to her and now she won't call me back. If she doesn't call me again at all does that mean I…
-
Appealing a bankruptcy order
Hello Team I was declared bankrupt 17/03/21 my defence was the bank did not prove the debt unfortunately the judge said I failed to provide evidence . Can I appeal ? What is the process. Many thanks
-
Companies irresponsible lending
Hello, I'm recently discharged and doing the cleanup process. Two of my creditors have sent me emails regarding their irresponsible lending and to submit a claim, this is a group thing currently with prudential who run satsuma loans. I had several loans with them including two active ones when I went bankrupt. I read that…
-
Internet
Has anyone heard of/aware of if a domain name for websites is intellectual property and therefore potentially considered an asset? Could it therefore be worth flagging to the Official Receiver having filed for bankruptcy and currently in the bankruptcy order period? Minimal cost per year to buy (less than $30) so low value.
-
Question on Expenses - cash
I am filling out cost of living expenses & I have direct debits for things like mobile and gym etc. I spend around £175.00 a week on Petrol, food/drink/booze , takeaways, tobacco, toiletries, newspaper/ lottery parking & train tickets, but I have always tended to mainly pay for these with cash for these each week as this…
-
Post bankruptcy savings and selling household items
Dear Forumers, I've recently been declared bankrupt after a long period struggling to service my debts. Redundancy and Covid conspired to force me to give up the unequal struggle and start afresh. I am presently registered self employed. I receive the basic Universal Credit payment because of my very low monthly income,…
-
Rent costs
With regards to cost of living what is a reasonable amount I can put down without the Official reciever asking questions. I currently live with parents and pay them rent of £350 to live there is this a reasonable amount as I am an an adult say as the average rent for a place where I live is a round £1000each mont with…
-
Can I open a child’s saving account
Hi, just wondered can I open a saving account for my two daughters before I’m discharged? I’m due to be discharged on 5th May so am I better just waiting a bit longer? I bank with nationwide and was looking at them if that makes a difference Thanks
-
gambling and bankruptcy
I have £60k in debt, which £15k of that is gambling in High street bookies last summer as I my business and been struggling to Covid. I am not proud of this. If I include this in my bankruptcy will I get into trouble as I don't want a prison sentence or a criminal record as I can see the official receiver may see as fraud.
-
Update on my situation and possible extension to bankruptcy
Hi all, I just wanted to update you on my situation. I spoke to the OR a few weeks ago who said she couldn't see where the loan I took out 2 years ago had been spent on debt consolidation and she was possibly going to give me an extension of my bankruptcy due to this. She said she had my bank statements in front of her. I…
-
IPA on hold - 8 months to gi
Self bankrupted October 2018, (closed business 2014 and pulled the pin trying to pay off old debt while working) IPA imposed November 2018 with Clarke wilmott. Discharged from BR after 12 months. Got pregnant, not planned, but hey was financially stable and future looking bright) went on maternity leave dec 19 got made…
-
12 years on from BR
I just wanted to provide an update and maybe some hope for those that are coming through bankruptcy. I last posted about being bankrupt about 11 years ago. MSE was sooooooo helpful at the time. It saved me in many ways. At the time I was a single parent and struggling with debts that accumulated over the past 10 years…
-
Questions From official receiver
2 questions. Q1. Will the official receiver ask for proof or call up the persons who have been staying with? Basically I lived at a friends for 13 months and gave them cash of £500.00 every month for rent and bills. There was no contract written up and my friend didn't notify the council I was living there. He is concerned…
-
Car repossessed
Hi, My car has been repossessed as an asset in bankruptcy. Whilst it was classed as exempt, it was worth much more than 1k, so it has been taken for sale and I have been offered 1k to buy a car. The problem is it was a car through work and now work are saying, as they always have, that any car used for work purposes must…
-
Council kept deducting AOE after debt part of IVA + overpaid council tax
Hi, I really need some help with this as it is very convoluted. I am going to do my best to explain the situation as simply as possible. I would be very grateful for your insight and advice. My partner and I started an IVA in 2018. On it there are 2 council tax bills for the year 17/18 and the year 18/19. My partner had an…
