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Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

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
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?
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…
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…
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 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…
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…
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…
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…
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…
New UTR number
Hi All, I was self employed and got bankruptcy order in Mid April 2018, was allowed to continue business, Submitted paper return tax return of 2018/2019 on same UTR number. Now I need to submit again for year 2019/2020 and should be online and new UTR. but i tried to contact tax department in April to generate new UTR, but…
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?
Lease car in bankruptcy?
Hello All My first post - though I've been watching for a while! My son has his bankruptcy hearing in a fortnight. I've been helping him with his SOA and on-line forms. A couple of queries - the forms talk about 'take home pay'. He has CSA payment deducted at source, also his contribution to his lease car is taken off…
Allowances for IPA
Hi there I am considering bankruptcy and if I go ahead, will have to pay an IPA as there will be a surplus income. With regards to allowed expenses, is it normal to be allowed reasonable small amounts for things like holidays and sports/entertainment (I'm talking about £20 per month), or do they only allow the very bare…
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…
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…
1996 Pension in Bankruptcy help.
20 years and not surprisingly having just turned 55, I have just received a letter from a company called Gowling WLG who claim to be acting on behalf of the official receiver in the recovery of my pension. It was not a complete surprise as a couple of months ago I spoke to someone from the company who in not so many words…

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Bankruptcy & living with it

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Bankruptcy & living with it

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