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Forced to live below minimum wage
Hi, thanks in advance for reading. I’m in Scotland. I’m currently in the last year of my four year bankruptcy repayments. The repayment rate is now seeing me live on £114.89 less than minimum wage per month. Is this even legal? Granted my rent is relatively low but I’m really struggling every month. They’re even making me…
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Bankruptcy approved
Hello all So yesterday i applied for BR amd this morning i received an email to say it has been approved. Ive been emailed the bankruptcy letter and the bankruptcy order and should wait for the official receiver to get in touch. Bit of a stupid question but am i definitely bankrupt now? Ive really hard the most difficult…
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Advised to go bankrupt
Hello guys new to the forum. Me and my husband av been advised to go bankrupt by national debt helpline. Really don't know that to do as this is really intimidating and since the call had many sleepless nights, constantly on my mind.National debt told me that we cannot keep our car if we choose this route which is recent…
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Would DRO be right for me?
Hi everyone, longtime lurker and requiring some guidance. This is going to be a long post so please bear with me and would appreciate any help! I currently have no arrears on my rent, council tax, bills or debt. All credit cards are currently on 0% interest. 1) Currently have debts of GBP 27054.17 across 4 credit cards. I…
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on IPA - variation
Good afternoon Im on IPA , 3 y in December ( whoop whoop) , there always been the case if unexpected expenses / lower income, OR variated amount Yesterday I have received the letter, I been overpaid from tax credit ( claim ended year ago) Not huge amount but still debt OR says I won’t pay IPA this month but will pay extra…
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So confused with Bankruptcy!
Hi all! So I have been advised by Stepchange that my best/only course of action I have (realistically) is to go bankrupt. If I may, I have some questions that I've asked and researched but keep getting different answers for so hoping you knowledgeable lot can help! I need to split my income & expenditure from my partner's.…
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Credit file after bankruptcy
Hi, I’ve searched the forums and keep finding different answers online so wondered if someone could answer me a quick question please. Next week is 6 years since my bankruptcy. I was discharged after 12 months. When will the bankruptcy drop off my credit file? Is it 6 years from the date of the bankruptcy or is it 6 years…
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Bankruptcy and new relationship advice please
So I am in the first year of my bankruptcy, all quite straight forward and honestly the best decision I have made especially for my mental health. My question is around getting in to a new relationship. I am with someone who knows about the bankruptcy and isn't bothered. We got together after I declared. We don't live…
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online bankruptcy form questions
Hello, I'm currently filling out my bankruptcy form online and I'm filling out the debts i owe section. Most of my debts are credit cards, however, some credit card companies have passed their debt over to a collection agency.. Should I fill in the details of the original CC company OR the debt collection agency? Would…
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Post bankruptcy
Hi everyone, so I recently done my bankruptcy and had interview with OR over phone. I was told that I would be discharged after 12 months. I wasn’t asked for bank statements etc and my bank account is still open. I opened a basic account elsewhere as I assumed that mine would be closed. Is this normal? It seems too…
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Job application question wording regarding bankruptcy
I declared myself bankrupt in 2015 (discharged 2016). I did this at my local county court in person. I'm in the process of applying for a new job. One of the questions on the application form is: "Have you had a judgement entered against you in the High Courts in the last 6 years?" I thought the obvious answer would be…
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Stuck between a rock and a hard place: Bankruptcy vs DRO on UC
I've been looking at possible solutions for my current debts and have hit a kind of a snag. I have just over £11K in debt (tax credits, credit cards and utilitities) and I have been on Universal Credit for nearly a year. I don't see my situation improving for the next 12 months at least so was looking to apply for a DRO.…
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Looking at sequestration
Hi Newbie here. My wife and I have been recommended to file for bankruptcy due to level of debt that has been snowballing for over a decade. We have always managed to struggle along with minimum repayments and consolidating, however over the last year I have had a couple of breakdowns due to stress and depression with…
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Saving during bankruptcy
Am I allowed to try and save some money (however small) during my bankruptcy? If so, are we allowed to open a savings account?
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Bankruptcy and gift from parents
I'm considering declaring myself bankrupt after being made redundant due to coronavirus. As part of my income, I get £100 from my parents as a standing order each month to help with my family living costs. This started about 6 months ago. Would the OR be likely to contact them to confirm what the income is for (that it…
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One more question I’m afraid !!!
When I split up with my husband 10years ago, it was agreed that he kept the family home and I had the business. At the time there was no equity in the house With a £250k mortgage (unfortunately we didn’t get a valuation) but a similar property locally sold for the same price. At the time my husband couldn’t afford to get a…
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Hire purchase question
Good morning I hope someone can help. My ex partner hasn't contributed anything towards the cost of raising our children (separated 4 years ago) until 6 months ago when my old car died and I had no money for a new one. His finances are much better now and we have remained amicable despite the lack of financial…
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What happens after I press the button ?
I’m finally looking to press the button after ‘dithering’ about it for almost a year !! After actually committing, how soon can I actually open a new bank account at Nationwide? And how soon before they freeze my HSBC account? I really worried because I get my UC payment on 8th, wage on 18th and child maintenance on 30th…
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Help with bankruptcy complaint
Introduction Hello, I’m
writing on behalf of my parents who were made bankrupt in mid-2017. The reason
I am writing is due to the conduct of the company appointed as the insolvency
practitioner (I will not mention their name but will refer to them as IP) which
I will detail further below. There is a large number of issues…
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Need a few questions answering about dro
Hi, can someone help me out, please? I have filled in an application online via stepchange in August and spoken to an advisor on the phone and since then my circumstances have changed. I was due to go into my second year at university, but I am contemplating on deferring until 2021. My parents have also decided if I don't…