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Self employed query about bankruptcy application
Good afternoon, I wonder if anyone could clear up a couple of queries for me - I've already contacted Business Debtline who just referred me to the Insolvency Service, which is not easily contactable at the moment. I'm a taxi driver and classed as self employed although 'work' for a local taxi firm - have to do own tax…
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Bankruptcy online form help!
I am all set to apply for bankruptcy but I am really stuck with the online form. Short story - myself and partner have x3 kids together. We parted & got back together last year. I now live with him & our children in his home. We are not financially linked in anyway - no joint bank accounts, loans or anything. He pays for…
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Trust deed windfall
I am almost 4 years into my trust deed and im due compensation from my employer for an injury i sustained. Is there anyway i can get to keep the compensation money so that the trust deed doesnt find out about it ?
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Need help to trace my late dad's bankruptcy
Hi, I'm a first time poster and I'm just so confused, I thought I would ask the opinion of you guys, as you seem to know what you're talking about! Any advice would be gratefully received. My dad had a bankruptcy around 1990 and from my memory, it was very harsh, we lost absolutely everything. House, business, etc. To my…
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Not heard anything from the OR yet.
Hello,I’m wondering if anyone has any recent experience of how long they had to wait for the first contact from the OR? I had my bankruptcy order approved last Friday and I haven’t heard a thing since then. The paperwork stated that I should have contact within two weeks however it also said if I haven’t heard anything…
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SOA for Trust Deed
Hi, I am going down the road of a trust deed - still to be confirmed, may be bankrupsy. The debt is pretty much all HMRC. I live with my wife. She is nothing to do with the process and will not be involved. She owns the house solely. I am self employed, sole trader, so i have a van on HP. The payments for that are run…
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Help.with bank
Hi all So bankruptcy is approved no IPA now prior to filing BR i opened a current account with bank of scotland they would not give me a basic one however i did not ask for a overdraft etc. The OR said this was fine so all my benefits and direct debits have been set up from new account but after speaking to and advispr he…
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virgin won't remove or amend incorrect information on credit file.
I went through bankruptcy 3.5 years ago. I had an account with virgin media that was defaulted prior to bankruptcy which i paid off in full and closed. They have been incorrectly reporting a negative balance ever since. I have written to the, completed a resolver complaint which they failed to respond to and twice been…
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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.…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
