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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…
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Finished IVA and receiving further PPI refunds
Hi AllThe IVA we had finished in 2019, paying back a total of 116p in the £. Every creditor received 100% of the money owed to them and the IVA company Aperture IVA received a significant chuck of money, which they did very little for.I am after some help and advice, since completing our IVA we have been made aware by our…
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End of BRU... finally!
Hi My BRU is ending next week (after 7 long years... definitly feel I have served my time and learnt the incredible valuabe lessons it was intended to do!) I was wondering if there was anything I'd need to do to update the credit references companies? Or will it just drop off eventually? Oddly it comes up on some reports…
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Discharged
I was made bankrupt in 2019 and since was discharged 5 months ago. I’ve found it hard to find an answer so thought I’d ask here ; 1) When do my details get removed from google search of my name? It says 15 months from start of bankruptcy but mine hasn’t gone 2) I have a Natwest foundation account and am really wanting a…
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Bankruptcy belongings of the spouse.
Hi I am thinking to have bankruptcy. I have around 25k debt. My wife has a nice car a BMW from 2010. I don’t know if the OR would be interested in my wife car or not. I don’t drive never have and the car is on her name. We do have a joint account with a 300 overdraft.
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Car Advice
Hi, I am looking for advice please? I have a car on HP which if I go BR will obviously be taken but due to my works remote location I wouldn't be able to get to work with a car. Does anyone know what would happen please? (other than me loosing my job as I wouldn't be able to get there). Many thanks
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Creditors sold debt included in bankruptcy after order
Hi everyone, I was declared bankrupt on 15th January 2020 and I received a letter from New Day on 11th June 2020 advising that they had sold on my debt to PRA Group. I then received a letter from PRA Group advising me that they have bought the debt and referenced how much I owe them but outlining that it is not a demand…
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Failed IVA
Hi, I have recently been advised due to a loss of a job that my IVA will be be subject to a meeting of creditors. I feel now bankruptcy is the best option but I'm just wondering how long it would take to save for the fee? Or how long after the IVA is terminated that the creditors will come asking for money?
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pre bankruptcy preferential payment
Hi All, First thanks for all the support and help from you all. I have a quick question about pre Bankruptcy payments. When I lost my job i had no savings & last paycheque was non existent - my patents loaned me money for food, etc and i also borrowed some money from a few friends - I needed a suit for interviews etc. In…
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Declared Bankrupt December 2016, discharged 2017, just bought a house :)
Hi everyone, not hear to brag but wanted to share with you all that i just got a mortgage, with a 20% deposit, just over 2 years after being discharged :) Hopefully in these crazy times people will find some comfort in the fact that it is definitely possible, and bankruptcy isnt the end of the world!
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Bankrupcy qurestions
Hi, I am likely to going to be filing for bankruptcy in the near future after losing my job in February this year. Unfortunately, my debts are due to gambling. I wrote to my creditors in April and am writing again while setting up token payments in the meantime (although I'm not sure how much help it will be...). I…
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Paying Creditor before Bankruptcy hearing
Hi, I wonder if you could help me, I am facing a final bankruptcy hearing in November. I owe a number of creditors substantial amounts of money, however one creditor went to the High Court and had a court order against me for costs from a High Court hearing, as it was getting very tough with this particular creditor, I…
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Car insurance while bankrupt
I was going to stay with my current insurance company but the price has gone up loads. I've got the money to pay upfront for the year which I thought would mean I dodnt have to be credit checked. I got all the way to paying when it says please note you are agreeing you have never been bankrupt. Insurance is invalid if you…
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BR expenditure advice
Hi All, Hope for some advice / guidance please. I've got myself into a situation where I feel BR is the only viable option. However after reading may posts here I'm concerned about my soa / expenditure. Background: I was a high earning professional and could easily mange my debts approx £25k. However a few years ago my…
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Advice Please !!
Hiya Im Em In need of advice if possible. I am ready to submit my bankcruptcy after finally getting the fee together. Really worried about the questions im going to get from the OR and my soa. Really Really nervous now because its so close. How understanding are they with the allowances . Thanks Em xx
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Bankrupt, released but getting bank refund
Hello, I was bankrupt in 2015 and release 1 year later. I recently got a letter from a credit card giving me refund for covid 19. That credit card was one of the credit card on the list in my bankruptcy. What is going on? Why are they sending me anything?
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Mortgage Advisor
Hi all, wondering if anyone in the South Wales area (Newport or Cardiff) could recommend a good mortgage advisor. I’ve been discharged 5.5 years, and have just been given notice by our landlord as he needs to move back in so I thought it would be a good time to buy if possible. Would be looking to use help to buy with a…
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Tax error?
Good afternoon folks, I went BR early February, I'm employed (PAYE) I received a letter from HMRC stating I paid £10 too much tax and to expect a check in the post.. I've come home from work today to a letter from HMRC stating I owe them £827.00. Tax payable : £4852 Tax paid : £4862 Tax already repaid to me ££837.20 I've…
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What Happens & When during Bankruptcy
I was declared backrupt in May after being self employed for 25 years, It was my understanding that the Bankruptcy lasts for 12 months but now I am told that it will be 1+2 years? Does this mean that I will be pushed to repay the debts by the OR after the 12 months ends? I have already lost everything my home, business and…
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negligence claim
I am hoping someone can guide me on how best to construct a letter to pursue a negligence claim against a firm of solicitors who deducted money from me during the process of a re-mortgage and failed to pay off an equitable charge on my property, if only it was that simple. here is the background to the story. 1993…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
