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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
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Exceeding IPA limits
Hi gang🙏 I've been looking at my actual spending and its way above the IPA limits I can see from the SFS and those suggested by forum users and debt charity. That's why I've got in such financial issues -overpspending each month by 200 for about 10 years always hoping to pay it's all back. Mostly stupid stuff like 600…
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Additional bank account
I am due to be discharged from BR in about a month so to be on the safe side will wait until then but I want to open up an additional bank account which I will use for day to day spending (petrol, lunch etc) and keep my main account (A basic nationwide account I opened at the start of BR) for my wages coming in, bills…
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IPA finish confirmation
Hi all. I was given an IPA for the tax year to account for the council tax. I have one payment left on it due 1st March. I will then pay the council tax bill again for 2021/22 My question is will I receive confirmation it is paid up and will I be ok just to cancel the DD after the last payment is made thanks
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11 year old bankruptcy
Hi guys I need a quick bit of advice. I declared myself bankrupt in 2009 and as my home was in negative equity I was allowed to remain in it. The problem is now that I am on an interest only mortgage that will soon be coming to the end of the term and need to sell my property to be able to pay it off. I know that a…
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Salary sacrifice car in BR
Hi I've been told the OR will contact the finance company for the finance amount on the car with a view to sell it if it has value. Can't imagine it does as i paid no deposit and work pays for most. Is it worth writing to the finance company with a statement on my need. Apparently they get to determine whether I keep it or…
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
