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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…
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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…
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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…
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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…
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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?…
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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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IPA after payday?
Do those who have IPAs know whether you get it set after payday i.e do you get a months notice first. My brother lent me some money to survive on after I paid the br fee and I'd like to pay him back
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Moved: NatWest closed my account.
This discussion has been moved.
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BR and companies like Klara
Dear all My 6 year BR finished last year, and checked my credit files and all correct and up to date. However when shopping online, I still cannot access the 'pay in 3 months' option from Klara. Anyone had success with any similar companies?
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House repairs
This discussion was created from comments split from: Bankruptcy questions.
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Approved! Few questions regarding Car and Bank
Hi all, Finally took the decision to go bankrupt this week. During the past 2 years I have had a severe gambling addiction and left myself with around £50k worth of debt. During the past few months I was losing sleep, it was effecting me at work and it eventuslly cost me my relationship and a roof over my head. I have…
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Relocation away from England during bankruptcy
I have recently filed for bankruptcy and it was approved. I haven't worked since the start of the pandemic and that made it impossible for me to continue to "service" some massive loans I had to take out in the past - basically I could barely keep up with repayments even in good times, and now I burned through all savings…
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Bankruptcy questions
Hi all Newbie here. I have several questions to ask. Currently I stay in Scotland however as of next week I will be moving to Wales with my partner, we won't have a permanent place to stay until one of us finds work so we will be staying with family and friends for the time being. I am not working and neither is my partner…
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Waiting for IPA - Do I save the money?
Just a quick one. I get paid next week and while I'm waiting for an IPA which I think I'll get, do I save the amount I think I'll get an IPA for, or can I use it to buy stuff?
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BBL, director's loan, bankruptcy
Wife and I are the only two directors of a limited company, with just us in it, and after COVID-19 we were earning less than £1,000 monthly, both. We took a £22K BBL, with which we paid ourselves, using directors' loans. We are already maxed out on personal loans, so that was the only way to keep our family going (only way…
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SOA attached help needed please, want to submit 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…
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Bankruptcy Qs - Leaving the British Isles and End of bankruptcy order
Couple of questions it would be great to get answers on please. What happens at the end of the 12 month bankruptcy order, assuming all has gone well? Do you have an exit interview/forms to fill out or do you just get a letter to say your bankruptcy order has finished and the restrictions no longer apply etc? Also are you…
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Contact from the IPA team. Question
Hi all I went bancrropt nearly 2 months ago but I never had a phone interview with the OR, just some email communications, was told they didn't need to further interview me. However, few days ago I received an email from IPA team who needed to speak to me for 5-10 minutes and an appointmet was sett for next Thursday…
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Moved: Stressed
This discussion has been moved.
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Any new br DREADING OR PHONECALL mental health
Has anyone recently sent the form I could ask a few things please. I'm dreading the phonecall. Do they go into everything my debt was caused whilst my mental health was not great and I DON'T want to go back there reliving it. If i say this will they treat me worse
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
