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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…
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Help with BR fee?
Is there any help with the BR fee, or is it a myth?... asking for a friend ... (really) cheers and happy St Davids day!
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Land Registry Info/advice?
Hi There , My father passed away may 2018, and I have filled all of the relevant forms etc to have his name removed from the land register, leaving just my mum as the sole owner. Whilst we were going down the ugly route of death, I helped them both out by paying off their debts to the sum of £30k and in-between may 2018 &…
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Just had 1st phone call with OR office could do with some advice please.
Hi, I've spoken to the OR's office this morning. She rung this morning and said she needed to speak to me ASAP about my debt. I had to arrange on my break because she said Thursday my day off was too late.I told her that I didn't have any documents with me, she said I didn't need them. She proceeded to speak about my debts…
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Builder made bankrupt last year
Apologues if this is not the right place to ask this question but any help would be appreciated. I have been quoted for some building work by a local firm (sole trader with about four staff). e.g Joseph Bloggs t/a Joe Bloggs builders. They seem to get largely decent reviews. However, in doing some further research I have…
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Step
I don't know what happened in my absence but I got my answer anyway. Thanks for the advice.
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Call from ORs office in less than 1 hr help! RESOLVED POST CLOSED
Hi I've just had a call from an analyst from the ORs office. She said she needs to speak to me for about 20 minutes about my debts so she can pass on info to creditors. I'm at work so asked if she could call Thursday when I was at home. She said no this needs to be done as soon as possible so I've had to organise it for my…
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Self employment tax after discharge from Bankruptcy.
I'm hoping someone can help because I'm at the end of my tether regarding the below. I discharged from my bankruptcy April 2020. Being self employed I was told that I pay the tax for the year I was bankrupt directly to the OR. So i put the money to one side and once my accountant had done my tax return for that year I…
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Silly question but one that can hopefully be answered.
When people go bankrupt or are forced into it. How come some are still living it up? IE nice house flash cars/etc? The people I know are married and I thought as most people have joint property and often the man puts his name on the car unless you have more than one, I'm confused. Re debts. When bailiffs chase people for…
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Bankruptcy off credit file...
I am confused, I have trawled through the forums and googled this but I don't know if I am being thick or it's just not clear... When is your bankruptcy cleared off your credit file? From the point of being declared bankrupt or From the point of discarge? So, if I went bankrupt in August 2018, it means it comes off my…
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Getting Divorced and soon to be Ex made Bankrupt by HMRC
Hello I am hoping some one can give some advise. I am currently going through a really nasty messy divorce, i filed and had to get papers served as he was ignoring everything. Filled for Divorce September 2019.papers served May 2020. First Divorce court hearing 22 June. My solicitor advised me 2 weeks prior to my hearing…
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Bankruptcy order made. Question about Bank 2 letter, help needed.
Hi all, My bankruptcy order was made on Tuesday. Yesterday I had a bank 2 letter to my co op basic account basically saying any balance should be released to the bankrupt. Currently the bank account has £10.00 in, tomorrow I will receive a benefit payment of £200.00. I need to ring the bank today to inform them of my…
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Discharge due tomorrow..
Afternoon, Well, my time has nearly come and due to be discharged this week.. What happens from here? I accepted BRU and an IPA. Should my "defaulted" accounts be labeled as settled once discharged or do I need to wait until I've finished paying the IPA? Also on the Insolvency register, should that change from Bankrupt to…
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Tax phone call.
Hi all, had a phone call from Advantis Credit Ltd about tax owed. I paid the money owed from November as this is how long it has taken for contact to be made, then, i was asked to send them 3 months payslips, is this normal? Thought the amount i had agreed with the OR was the amount i had to pay.
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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…
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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 :)
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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…
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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
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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
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.8K comments
Most recent: DRO Approved - What Happens Next by Jamie_37
23 January at 2:09PM
