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Bankruptcy & living with it

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

How do pay my bills with a frozen bank account
I am in the research stage of considering bankruptcy but I am worried how I will pay my bills when my bank account is frozen. My current account is a basic one anyway. Should I apply for a “spare account” before bankruptcy ? Surely that would be frozen too? I’m confused about the order in which accounts are frozen and new…
Discharging OR Charging Order Help
Hello, I was bankrupt in 2010, and discharged within 6 months, and a charging order was put on our home. I haven't heard from the OR at all since then and we're about to sell our house - how do we go about find out how much we owe to the OR? Thank you :)
Stepson and being guarantor
Hi all, Just a question that's concerning me. My stepson is a guarantor for an Amigo loan for his now ex partner, she's told him today she cant pay her gas bill, £2.5k in arrears, and thinking of going bankrupt. How does he stand as per the loan? will he still have to pay or can it be included in her proceeding?. Any…
Possible Redundancy
Hi Hoping someone can help I am discharged from bankruptcy and have 9 IPA payments left to pay Possibility of redundancy looming at work , will I be able to retain my pay out now am discharge ? Thank you Rachel
Moorcroft recovery
Just received a letter from Moorcroft demanding payment.Why are they doing this when I went BR in May 2020 and the debt pre dates this
Just pressed submit, feel a bit sick! what can I expect to happen next? Thanks
Hi all, Thanks for the invaluable help! I have submitted today, can anyone advise what will happen now and general timescales.
Planning to declare bankrupt - advice wanted please
Hi So to cut a long story short I've completely stopped paying off anything on my debts for the last year or two. I've been considering bankruptcy for a wile as it seems the most appropriate option. (The stepchange website/questionnaire thingy seems to agree). I've got just over 50k worth of debit spread across Credit…
Friend being made Bankrupt
a friend not a "friend" has a creditor who for around 14K is being made Bankrupt because of the way they have been messed, this actually works out well for the person concerned a question they asked me and i thought it was a big NO NO, their hearing is in May and they asked about taking out credit before this and then…
A couple of final questions before I submit.. Help much appreciated.
Hi, A big thanks to all who have helped me so far. Just a few final questions before I click submit tomorrow. 1. I get paid tomorrow, do I leave money in the account for my direct debits due out next week (gas and elec,union, house ins etc) or do I draw it out and arrange to pay at a later date? 2. If I withdraw cash do I…
SOA attached, advice needed. submitting Friday.. Thanks in advance
Hi all, So I have finally received my workplace pension statement and have finished my application form ready to submit.. Please can I have some advice on my SOA I went through these with step change a while ago and they said food is a little high, we do generally spend more than most of these amounts, without living…
Discharge due but ipa forms recieved from grant thornton
Hi please I really hope someone can give me some advice. I am due to be discharged in 48hrs on 26th Feb but recieved a letter this morning to say Grant Thornton are now trustees of my bankruocy and 'to enable them to decide whether to apply to the courts for a IPO I need to complete the inclosed form' I thought an IPA had…
Bankruptcy seizure
Would a prepaid funeral plan (£6000 each) be seized by the Insolvency if someone went bankrupt?
Under DRO with Car
Hi can anyone help, i am currently under a DRO which i hope will end after 1 year. I have a car which was allowed as it was worth less than £1000. My problem is this car is playing up to the point that i may have to get rid of it and get another one. Am i allowed to do this? I don't think i am allowed credit at the moment…
Discharge in a couple weeks
Hi, so am due to be discharged in a couple of weeks, I currently have no IPA or anything set up - I've had no contact from anyone since the first month and a quick email confirming I hadn't been able to recommence a second job I told them may happen. If I haven't heard anything for all this time should I expect anymore…
Life insurance
Hi,after applying for bankruptcy, I paid a fee and bought back my life insurance. Would it now be possible (less than a year later) to place the life insurance in trust? So that it goes to someone who is not my husband (estranged, but not divorced yet)? I'd like the money to go to my sister, and my chldren. Is there a rule…
Payback money in BR
HiJust wanted to clarify a question. I paid the br fee out of my wages last month and was about £400 short on my expenses for the month because of it. Despite trying to skrimp, I had to borrow £300 just to survive. Its been a month now and I've got paid, can I repay the family member who has helped me through today? No ipa…
Transfer at Undervalue and Solvancy
Hi All. Im new here and its my f irst Post:-). I wanted to ask you a question from a buyers perspective. If a transfer at undervalue (home, main dwelling) is undertaken between an unmarried couple breaking up, and both parties have agreed on a settlement. Would a declaration of solvency and bankruptcy check be enough to…
Discharge and land registry
Hello, I am due for discharge in 2 days and have been looking at all the things to do and update following this. I was reading the citizens advice section and it stated to get the entry removed on the land registry so wanted to ask if I needed to do this and if there will be any record on there? I had no properties or…
MIL bankcrupt
Hi, My MIL has been made bankcrupt. We live in her house. Im unsure whether its a buy to let mortgage or not but I do know when has quite a bit of equity in the property, potentially 40-50k depending on the valuation of the property which is taking place today. How long before the house could potentially go on the market?…
Do I need a specialist mortgage broker post discharge from sequestration?
I was discharged from sequestration in September 2012. We have been renting since 2009, after voluntarily handing the keys of my property back to the mortgage company. We are currently looking at buying a property which needs some refurbishment and doing the work ourselves, to get us back on the property ladder. I spoke to…

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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
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Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
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Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
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Bankruptcy & living with it

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