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How Does Marriage Affect Bankruptcy/Credit?
Hi, I'm over a year into my bankruptcy and am fully discharged. I'm earning more now and doing fairly well and working towards a possible down payment on a house. However, I'm also in a position to potentially get married soon. My question is essentially this: if I get married to someone who does not have a bankruptcy on…
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Landlord bankruptcy
Ok, long one. Myself, my partner, child and mother in law all lived together, 6 months ago she decided she needed her own space so she moved out into a property that she rents from agency. She kindly said we could stay here and just pay her the mortgage payment and the amount for bills every month. We are living here very…
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Received call from OR
Hi all Firstly thankyou to all of you who replied to my questions on a different thread. I got the call from my OR today and oh my word she was sooo sweet and pleasant so understanding and calm throughoit the call. She didnt want any paperwork from me jus to sign paperwork and send back. I literally cannot believe it i am…
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26k debt help please?
Hi All I have over £26k unsecured debt, working full time but very likely my company will go bust or is already Been in touch with step change and then said either bankruptcy or set up a payment plan also been trying to get in touch with my local cab for help but they have a very long waiting list shall I wait until I know…
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Advice on an IPA please!
I like many have had the floor swept from under them this year! I declared myself bankrupt July this year. I worked in travel and was let go with the rest of my team. Prior to this I had no black marks on my credit file and was pretty chuffed with my score. I have a job Interview salary 21k so £1493 per month partners…
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Applying for bankruptcy
Hi everyone. I’m thinking of applying for bankruptcy, in fact I can’t stop thinking about it as I don’t see any other solution to feel better about my situation. After a 5 yr relationship of lots of stupid spending on my partners side and then mine and after a while of many interest free balance transfers from her credit…
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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?
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Moved: Debt Managemt Plan query by sourcrates
24 July at 6:08PM
