-
IPA Advice
I'm currently in the process of considering declaring myself bankrupt. I expect to get an IPA as once bankrupt I will have maybe a couple of hundred pound disposable income. My question is, if I decide to move in with my baby's Dad in the next few months, and my benefit claim then becomes a joint claim with him, will all…
-
Unexpected Windfall
Hi all, Happy New Year. Have just received a cheque from a pension which paid out in January 2020. They said a mistake was made and i am owed this money, it is for £846.64. there has been £149.20 tax deducted. I went bankrupt in August 2020, do i have to declare this to the OR.
-
How do I declare bankruptcy when I have an IVA?
Hi, I am asking how do I declare bankruptcy when I have an IVA? Thanks
-
Is there a...................
Sensible, accurate, honest downloadable guide to Bankruptcy - DRO - IVA I can run off for someone ? (or copy/paste) Thanks Happy New Year
-
Car Lease / PCH after bankruptcy
Hi, I have had an Audi Q2 on Personal Contract Hire for over a year now, it’s not a purchase, just a hire and simply hand the car back at the end of the contract. I was declared bankrupt in November last month. VWFS/Audi have posted me a Section 87 default today saying due to going bankrupt I have breached the agreement,…
-
Bankruptcy or DMP ?
I realised I was in over my head this time last year and had been struggling with a lot of debt that was just never going down due to minimum payments and interest etc - meeting all the payments but then using credit to live on - I am sure you know where I am coming from. Had a breakdown last Feb - and then we moved into…
-
Going to go Bankrupt advice please
Hi I have a house with my ex and he left the home and I have a child and I can’t afford the house anymore . He has left me with debt too. So I have put house up for sale but not sold . I’m drowning in arrears with payments on mortgage. So I have no choice but to go bankrupt. I’ve had advise and this is what I have been…
-
IVA's - the truth, the facts...........
The adverts for IVA's are enticing (write off debts, pay only 50% of what you owe,etc) but what are the truths? Set up fees? Payment charges? Total repayable?
-
Bacs payment
Hi my first post and apologies if I’m wrong subject, so my friend paid a deposit to a catering company for her daughter’s wedding for next year (as years one was postponed) , now the catering company are saying they’re going into voluntary liquidation, she’s asked her bank and they don’t want to know, is there anything she…
-
Applied for BR now waiting
I applied using all lates figures on my bank statements but this month I have earned slightly more with xmas bonus and for some reason my UC was slightly more will this matter? I think from next year it will be back to normal its days they will get back to me within 28days what are the next steps please will they just call…
-
SOA Advice
Hi, I am in a situation which seems both very simple yet at the same time complicated. Having developed a disordered gambling addiction I ended up committing a crime and spent several years in prison. I overcame my addiction (3 years plus now) and I am now out on licence and trying to get my/our future sorted out. As a…
-
Bonus Payment During Bankruptcy- Any Experience?
Hello, I’m looking to see if anyone has had any recent, or not so recent, experience of receiving a bonus payment during their bankruptcy. I am only 1 month in to being a bankrupt and I have been given an IPA of £42 per month. Today I discovered that I am receiving a surprise £1000 (before stoppages) bonus payment from my…
-
Bad Advice
Hi, I went bankrupt in 2012 after getting professional advice from a company that sent a flyer through my door. I was in a debt management scheme prior to seeking advice but it was clear from the outset that their advisor was steering me towards going down the bankruptcy route. At the time I had a home and was paying the…
-
Try to avoid IPA if you expect lifestyle changes.
Hi all,I've been discharged 2 years ago and my IPA file was closed few months back.My personal advice would be to try avoid IPA as much as you can as it's essentially a contract for 3 years where someone can access all your financial and personal issues at all time during this period. To me personally it was incredibly…
-
Bankruptcy/IPA/NT tax
Hey guys, Been looking over this forum for a long time and have a question I couldn't find the answer too, I've been made bankrupt in July this year, issued with a NT tax code in October and currently not paying tax on my wages. My income expenditure form was submitted and I am still paying over what I earn to live…
-
Army Pension / bankruptcy
Evening, I can't seem to find any details on this.. can anybody help? I served in the forces for 10 years and when I left my pension would be worth around £300 monthly from when I'm 65.. Do I also lose this within BR?
-
Bankrutcy advice frustration
Hi, I am writing on behalf of my partner, she has credit card/overdraft debt of around 18000,and we live in Scotland. She has no way to repay this as her wage is too little. She is Self Employed, She has contacted national debtline over a year ago but because we are in Scotland, there was a few phone calls to and fro but…
-
Self employed Bankruptcy Advice...
Hi guys, My BR application is all done, just so nervous about hitting that submit button. Simular to a previous query I havent worked since March 2020 since lockdown, I trade as a taxi driver and in the current climate if i do work i would be operating as a loss so have decided to sit tight and accept all 3 grants given so…
-
Bankruptcy Advise.
Hi all Me and my partner are thinking bankcruptcy is our best course of action after taking advise from National debt helpline. I have a holiday booked in may, would this be a problem , can i still go? . I have read a lot of posts on this forum and come across an Ipa many times. Is this likely to happen even on a low…
-
Annulment
Hello, I am looking to find out if anyone has gone through the annulment process and if this is worth doing and how much OR fees are. I went bankrupt and am 2 months from discharge. My gran died and left a lot of money to my mum who wants to gift me a large portion once discharged. This would be more than the 40k debt I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.5K comments
Most recent: Applying for DRO - declarations by JamesMckk
Today at 5:46AM
