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Dreading OR Interview tomorrow
Hi, so here goes my first post, sorry if its a little lengthy...i went BR last Weds (12.2.20) and, until today, the only correspondence I've had have been copies of the bank letters and a letter saying I can keep my car. Today I received a phone call (I was driving so didn't answer), this was followed up with a very abrupt…
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Help with BR expenditure!
Hi I have been on IVA since the 1 of January but I have informed them this month that I will terminate the IVA and save for BR as a better option. I should have done this from the start but I was told IVA could be a better option. The main reason is a concern for the stability of my job for the future and BR would offer…
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Cleaning up my credit file
Hi all So I was discharged from Bankruptcy on 1st July 2020. Looking at my Experian credit file, all my previous debtors are listed as closed accounts but have listed the current status as 'DEFAULT/ENDED'. In the main, the dates used for Accounts settled is also no later than the date my BKT started so fine with that…
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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,…
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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.
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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…
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Post bankruptcy cleanup story in progress
Decided to check my credit reports a month after the discharge... Surprise surprise (not really), no one had bothered to amend the data. Wrong default dates and accounts still showing as open/default. Barclaycard CC, MBNA CC, Nationwide Loan Raised a dispute on the experian and transunion in result only MBNA had some sense…
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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…
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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
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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?
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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…
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After bankruptcy
Hi all, hoping someone will have the answer to this, just over a year ago I took the first step to sorting my finances out and made myself bankrupt this has now been changed on my credit file to show that I am now a discharged bankrupt, my question is around CCJ’s I had three CCJ’s when I was declared bankrupt these have…
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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…
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Bankruptcy advice.
Hi, I'm new to the forums but after reading a few similar situations I thought it'd be best to post my own and potentially receive some advice. Story is as usual, business was going well however after a certain amount of time it went downhill. Loan payments became harder and harder and here we are today. So i'll layout the…
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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…
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Failing IVA and swapping to Bankruptcy
Hi, I'm totally new here. Really hoping someone can help me. I started an IVA in December 2017. Unfortunately, last year I ended up on ssp then lost my job due to the loss of my twins and pnd. I was given a payment break of 9 months in the hope that my situation would change both mentally and financially. In December of…
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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…
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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…
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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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Most recent: DRO salary sacrifice by ManyWays
7 September at 12:33PM
