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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?
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Bankruptcy and gift from parents
I'm considering declaring myself bankrupt after being made redundant due to coronavirus. As part of my income, I get £100 from my parents as a standing order each month to help with my family living costs. This started about 6 months ago. Would the OR be likely to contact them to confirm what the income is for (that it…
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One more question I’m afraid !!!
When I split up with my husband 10years ago, it was agreed that he kept the family home and I had the business. At the time there was no equity in the house With a £250k mortgage (unfortunately we didn’t get a valuation) but a similar property locally sold for the same price. At the time my husband couldn’t afford to get a…
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Hire purchase question
Good morning I hope someone can help. My ex partner hasn't contributed anything towards the cost of raising our children (separated 4 years ago) until 6 months ago when my old car died and I had no money for a new one. His finances are much better now and we have remained amicable despite the lack of financial…
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What happens after I press the button ?
I’m finally looking to press the button after ‘dithering’ about it for almost a year !! After actually committing, how soon can I actually open a new bank account at Nationwide? And how soon before they freeze my HSBC account? I really worried because I get my UC payment on 8th, wage on 18th and child maintenance on 30th…
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Help with bankruptcy complaint
Introduction Hello, I’m
writing on behalf of my parents who were made bankrupt in mid-2017. The reason
I am writing is due to the conduct of the company appointed as the insolvency
practitioner (I will not mention their name but will refer to them as IP) which
I will detail further below. There is a large number of issues…
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Need a few questions answering about dro
Hi, can someone help me out, please? I have filled in an application online via stepchange in August and spoken to an advisor on the phone and since then my circumstances have changed. I was due to go into my second year at university, but I am contemplating on deferring until 2021. My parents have also decided if I don't…
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Help with RECOVERING money owed .He defaulted on CCJ!
I am a pensioner and in 2018 a builder did some shoddy work on my roof. After months of fobbing me off he agread an amount by a set date, and then didnt pay it. Eventually a couple of months ago it went to the Country Court. He was warned by the Judge that if he defaulted he would be in Contempt of Courth and the Judge…
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Universal credit and NT tax code bankruptcy
My husbands tax code has changed this month and now the tax he is not paying we have to pay to the insolvency service each month as part of the bankruptcy. I’m really frightened that it’ll look to UC like he’s making more money and our UC will be stopped? I’ve asked our case worker at the insolvency service but she wasn’t…
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Bankruptcy from 1989
Hi. I am hoping someone can help. I was made bankrupt back in 1989 and it was for a year only. Last week I went to open a business bank account with NatWest, who I have banked with for 8 years with my personal account. i have received an email today asking for proof of discharge. Obviously I haven’t got proof but they want…
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Bipolar and bankruptcy
Hi, i have recently found out i have bipolar disorder and looking back i can see this contributed to me ending up declaring bankrupt, i was wondering if there is anyone else out there who has gone or will be going bankrupt due to mental illness or even bipolar disorder?
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Potential Ipa or not
Mornin all. Long time lurker of this forum finally posting. Ready to sort our debts out. Took advice from national debt helpline and they have recommend bankcruptcy for both me and my wife. How likely is an ipa, are they strict with living costs. Thank you Dan
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iva misselling refund
Hi i need help on how to proceed please. iI had an IVA with Aperture which is now closed. I was notified that a misselling refund from my bank had been sent to Aperture, I understand this is the normal proceedure, Aperture replied saying they had no further interest in my Iva and would be sorting out refund. I have been in…
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before going bankrupt
Hi I have 25 k debt and planning to go bankrupt. My grandmother is living abroad and she is very old if something happens to her and I would need to move closer to her so I can help to look after her would I be able to make My bankruptcy payment or do I need to inform the OR if I get a job abroad to recalculate my…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
