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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…
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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…
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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…
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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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Notice of completion of ipa payments
Hi there, I currently have just 2 more ipa payments left to make and was just wondering do I get any confirmation from my trustee (Clarke willmott) when it completes? Regards Paul1672
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New Bank Account after Bankruptcy Order
Hi all, My bankruptcy order was made last Friday 20/11, the official reciever has already been in contact with my current bank, but they are still yet to be froze. A letter from the OR to myself stated I should try open a new one. Today I have opened a basic cash account with TSB. During the application it didn’t ask if I…
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Beneficial Interest and OR
Hi So my Father owns a property with my mother. He moved out in March after he owned up to having put himself in financial difficulties yet again! So over the last 7 months he seemed to safeguard himself and his buisness. Told my mum he had a court case but it wouldn't be an issue and it'd get thrown out. Well.. What a…
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Question on Trust Deed (Scotland)
Hi I was discharged from my Trust Deed in April. Everything has been fine except with one creditor, my Housing Association. My housing officer wants proof of discharge and also how much was owed, this is perfectly fine. However, he is a also asking me and my Trustee fir a list of my other creditors and how much is owed. Is…
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Ex Wife went Bankrupt joint mortgage etc
Hi all, Not sure if anyone can help me with this or not or whether Im in the right place! So my Ex-wife went bankrupt due to massive gambling debts (£140K+) we have a joint mortgage with NatWest and a secured loan through Precise, I have managed to buy back her share of the property through working like mad over the last…
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General Advice
Hi, I have posted on the forums before and have explained the situation. I am due to speak to a bankruptcy advisor soon! I would just like to ask a general question as I am very confused on the situation. if a family home is in negative equity - and is still in negative equity after the 2 years 3 months when the OR re…
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Only 5 months hp left on car. Can I keep it
Hi all. Hoping for some advice. I have completed the BR online form but can't submit it until I know what will happen with my car. I have paid almost four years and only have 6 payments left. The car is probably worth around £2000 but my question is. I use this to get to work but more importantly I care for my elderly…
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Bankruptcy and bank account.
A friend of mine has paid money into a bank account of another friend (who is bankrupt) the account was kept open by Barclays but my friend can't login. Is there anyway the person can get the money back ? They have tried through their bank but the bank said ask the recipient. By the way it's only £30. Thanks for any help
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Terrified
I have come in tonight to a letter and claim form from the County Court Business Centre. PRA group have filed against me and I have 14 days to respond. I am scared. Has anyone been in this situation? I need to get on and do my bankruptcy. I will after Christmas. If I call PRA will they stop this? HELP!!!
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How big of an issue will this be?
Afternoon all, I'm considering bankruptcy, its pretty much my only option at this point. I'm a healthcare student, the bankruptcy shouldn't impact my job at the end of my course as it should be discharged. I'm not sure I'll be able to register with the HCPC if I'm not discharged. I'm aware I need to put every debt down I…
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4 months tomorrow
Well it’s 4 months tomorrow I went BR,Jesus it’s gone quick. I would never have done it if it was for great advice from these forums,to any one out there who is worried about the process don’t be thank you
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my bankruptcy is approved - some questions
as of a few days ago, i am bankrupt but I have some questions I've not been phoned by anyone, the only communication has been by email. I've signed some forms digitally and sent them back. Is it feasible i won't even need a phone call interview? Is that how things can be sometimes? I still get letters through the door from…
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Should I bail my daughter out again?
My daughter's 23 and has a relatively poorly paid job. I've always tried to teach her to budget, but she's run up another £2,000 in debt and the bailiffs are due to come round soon. I don't want to see her go destitute but I've already had to bail her out twice before. Should I help her again? If you haven’t already, join…
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Gambling addiction
Hi, I'm hoping someone can answer a question I'm too ashamed to ask face to face. When filing for bankruptcy, will having a gambling addiction mean they will still treat you as any other debt you can not pay?
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Pre agreed missed mortgage payments?
Hi, my partner and I arranged with mortgage company to not make payments for a period of 5 months whilst our house was sold. This request was supported by GP medical evidence (partner too ill to work). The house was sold in Nov 19 and the mortgage arrears paid for from the equity. I have checked my credit files and these…
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Renting
Hi I came out of Bankruptcy in feb this year, and going through a marriage breakup, I'm j have currently paid a holding fee in a property to rent, inhale to pay bond 640 and 3 months rent 1680 does that pay current for 3 months or am I expected to pay rent on top of that aswell Steve
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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