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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…
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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
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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…
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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.
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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…
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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,…
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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…
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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
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
