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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.
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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…
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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…
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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…
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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…
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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…
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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…
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CCJ and bankruptcy
Evening everyone A friend of mine was issued with a CCJ of £14’000 after a issue with a previous rental property. He then went bankrupt as a result of this and the CCJ was included in the bankruptcy. He’s been paying £100 each month towards the debt since going bankrupt. I thought if you went bankrupt and the debt was…
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Pre-paid cards
just a quick question. Will a prepaid card show up when I go bankrupt? I Currently have a pocket account.
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Bankruptcy or Iva
Hi all I’m after some advice, I have had a debt management plan for about 4 years and I’m about £34,500 in debt , I have recently contacted stepchange to discuss other options and and have been told my other options are an Iva or bankruptcy, I’m absolutely torn in deciding what to do. I have no assets only a car worth…
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Debts arising after BR?
Hi, and once again thanks for all the great info in this forum.I am going to apply for bankruptcy soon. There is a "debt" which I am disputing, and have been fighting over for a while. It's around £400. I definitely do not owe this money but am being chased for it as if I did. How do I declare this? Do I put it as debt…
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Going Bankrupt
Hi Everyone,I having probably going to go bankrupt in the next month and currently living at home with my parents. I don't want them to know I am doing this as they are both elderly & my dad very ill. I have nothing linked to them as I am only living there and none of the bills are in my name. Would there ever be a case of…
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Bankruptcy or IVA
Hi everyone, Not posted for a long time but in need of some advice. I have recently separated from my wife (her decision not mine). I was her carer for 9 years as she is disabled so all our income came from her benefits. We have a lot of debt between us which we split 50/50, however she is still getting all the same…
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PayPal & bankruptcy
PayPal have just confirmed that I can't have an (effective) account with them as PayPal Credit arrears were included in my bankruptcy. I just wanted to let people know as the information isn't very clear about what happens to PayPal accounts if they are one of your creditors. It is confusing as they haven't actually closed…
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NT tax code
Please I have a question for the gurus in the house. I went bankrupt on May 11 2020 and the OR told me I will be placed on NT tax code and I am supposed to be paying £200 for tax and £150 for IPA. I will be discharged on May 11th 2021 and up till now my new tax code has not been applied. I have emailed the OR three times…
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Mortgage and credit report questions
Hi, I am looking for a bit of advice. I was declared bankrupt on March 13th 2017 and discharged a year later. I have since established a new career and have a long term girlfriend who I am now at a stage where we are thinking of buying a house. Obviously this is more difficult because of the bankruptcy. I followed the…
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Done to death I'm sure but....Next steps
Good morning! I was discharged 3rd March...am I to expect some sort of notification through the post or anything? I only know about the discharge because I had an email from credit karma to say there had been an update on my file and the notice of discharge was there :) for some reason clear score updated 2 days ago but…
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Huge Debt - Please help/advise
Hi All, I have a problem, which keeps me in depression for quite long time. I thought to ask here people who got through it or can share valuable advice. About me: I am EU citizen, but living constantly in UK from 2015. Source of problem: I have been a director of EU company and have been sued to the court for not raising…
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Discharge
Hi all, my first post on this forum. I'm currently going through the process of bankruptcy. Self declaration. I'm led to believe the discharge period is 12 months normally. I have heard however of others being discharged after only 3 months if their circumstances have no chance of improving. Any help or advice on this…
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Husbands massive debt
Hi, I’m looking for advice please. I’ve recently found out that my husband has a massive debt to HMRC and is also in arrears with a few credit cards. He’s a company director. We’ve been struggling during covid, but I’ve only just found out the extent of it. He’s buried his head in the sand and I want to know where I stand…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: DRO salary sacrifice by ManyWays
7 September at 12:33PM
