We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

Preference payment
Morning everyone Just a quick question about preference payment parents got letter saying they have to pay it back which isn't a problem as they don't have Internet banking they are sending me the cheque to pay it my question is can the or check my parents account they are worried that the or will search their accounts and…
CIFAS Marker Support
Hi, Does anyone here know How to get a CIFAS marker removed ? - I have obtained a DSAR from CIFAS, and there is no information Listed on my Report apart from "METRO BANK PLC HAS MADE A SEARCH INTO YOUR NAME AND ADDRESS - PLEASE CONTACT METRO BANK PLC FOR MORE INFORMATION" . I have been into Contact with Metro Bank, and…
Rebuilding Credit Post Bankruptcy
Thought it might be a good idea to start a thread about who can help us rebuild our credit files post bankruptcy. Of course I'm sure once we've dealt with our debts we'd like to bring our financial standing back to prosperity so that in future we can benefit from good mortgage, loan, credit card and other such deals when…
Post bankruptcy PPI upheld
Difficult to know whether to post this under bankruptcy or PPI. giving this thread a go. weird one :i was bankrupt last decade-all sorted and discharged .We all know any PPI money belongs and goes to to the official receiver . i have latterly received a PPI reclaim offer from a credit card company (who formed part of my…
Mortgage shortfall after Bankruptcy 6 years ago.
Bit of a complicated one and hoping someone on here may be able to assist. Basically I went BR in 2011. Had a mortgage for a property I was no longer living in (ex partner was there). That property went onto the BR. BR went through and administrators said as property was in negative equity they had no interest. I had…
Monzo and bankruptcy
This discussion was created from comments split from: Lloyds basic account, Brutallity and bankruptcy.
Credit File Entry
Hi, my husband and I are almost 7 years post discharge (October) and currently have a DIP on a mortgage with Halifax. I checked his equifax credit file yesterday and there is a Santander account on there from before the bankruptcy however from 2011 - 2017 (last entry) it has a green tick every month then the last month…
Live IVA and potential compensation windfall
I'm asking this on behalf of someone so not 100% sure on the details. If there is a small amount (less than £10k for example) left on an IVA and the debtor receives notice that they may be entitled to compensation which exceeds the amount left on the IVA, can they just pay off the IVA and the rest of the compensation is…
IPA information
Just looking for a general consensus.. I've agreeded to an IPA of £70 monthly. My wages vary from 1500-1800 take home.. This was all explained to the OR at a face to face interview pre Covid. Now, at what point do I inform the OR of a change of income? Say one month I get 1850, the next 1600.. Do I inform them when I'm…
post BR accounts
hi all I want to write to my creditors to update my credit file but don't know where to find my account details I use clear score and other free d=sites and they all show my defaults etc but no acc numbers how do I find these to be able to write to them? thanks for any help
Halifax DIP
Hi everyone, thanks to your lovely replies over the last few days I bit the bullet and today my broker got us a DIP with Halifax. Halifax ask if you have been made bankrupt in the past six years, we were made bankrupt in 2013 so seven years so we answered no. But now I’m nervous that the bankruptcy will come up at full…
Soa flex furlough
Should be going bankrupt hopfly by end of this month. work just phoned me and are bringing me back on this flexi furlough, how would I do a soa when by the sounds of it each week is going to be different pay by the sounds of it. sound like I work what they want me then furlough me the rest of the time so no set days thanks
Bankruptcy and beneficial interest post separation and divorce
I was made bankrupt in 2011 my wife purchased the beneficial interest less than 10k back from the OR with money given to us by my mother I up until the last 7 months have paid the mortgage now we are separated and selling the property my wife is adamant I am not entitled to half of the profit we were married 33 years of…
Bankruptcy and selling a home
I went bankrupt in 2012 and am now discharged. The house i had with my ex.partner is now being sold. Am i entitled to claim share of equity in this? I havent resided or contributed to the mortgage since 2010.
My soa help
I have just done a soa ready for when I declare bankruptcy could any one please have a look thank you All debt in my name number of cars owned(car is in my wife’s name we got it 5 years ago value around 1400 half mine as well) partners income is 50% of her wages she has her own debts other income £200 our sons lodge money…
Post-IVA Windfall.
In February of this year I completed my IVA. I had paid the full six years and raised a lump-sum via an equity-release mortgage. In total I have paid off about £36k of the £49k original debt (75%ish). I recently received a letter from RBS acknowledging (rather late in the day) that they do owe me a refund for PPI paid on a…
Redundancy
Well since I posted yesterday about how to split our income - I have been told today that I am being made redundant on the 12th August - so all change. Can anyone advise how this will work now when I press the button which will be in the next week or two. Will the OR take all the redundancy pay I get - and leave me nothing…
Help regarding credit post bankruptcy
Hi everyone, I was recently discharged from bankruptcy at the end of May. My Credit record updated automatically to say that I have been discharged. However, none of the original debts are showing as settled or partially settled. They all show the full balance still and when I click on total money owed, it still says the…
Want to open joint account.
Hi looking to open a joint bank account, we are both BR which is best to open.
Advice on Ipa
Good morning, I am fairly certain i will be going down the bankruptcy route with debts of over 50k bu would like to know the likelihood of ipa I would like to avoided this if possible so i can properly move on and have a fresh start after 12months. Are they strict with expenditure. Really nervous About the whole process.…

★ ★ ★ Meet your Ambassadors

Popular Tags

MSE News

NS&I launches new British Savings Bonds – but how do they stack up?
NS&I has refreshed its range of fixed-term 'British Savings Bonds' by adding a two-year and a five-year option, alongside its existing three-year bond. However, you can still earn more from the top-paying accounts elsewhere.
Lloyds, Halifax and Bank of Scotland to close 292 branches in 2024/25 – here's the full list, plus alternatives
Lloyds, Halifax and Bank of Scotland, which are all part of the Lloyds Banking Group, will shut at least 292 of their bank branches in 2024 and 2025, the Group has confirmed.
Martin Lewis: We need financial education in EVERY school for EVERY child
Universal financial education – providing young people with the knowledge and experience to thrive in our highly competitive consumer economy – is vital for the future of our society, MoneySavingExpert.com founder Martin Lewis has warned. Addressing an all-party group of MPs and peers at Parliament, Martin told them, loudly and plainly: we need financial education in EVERY school, for EVERY child.
State pension set to rise by up to £460 a year – but Martin Lewis warns it won't help pensioners this winter and most won't get the maximum
The state pension is set to rise by up to £460 a year (£8.80 a week) from 6 April 2025 under what's known as the 'triple lock' guarantee. But MoneySavingExpert.com (MSE) founder Martin Lewis has warned that any rise will come too late to help pensioners set to lose their Winter Fuel Payments this winter, while most won't get the maximum increase. Here's what you need to know.
The Body Shop administration latest – here's what you need to know
Cosmetics retailer The Body Shop has fallen into administration, resulting in almost half of its 198 stores shutting their doors for good and hundreds of staff facing redundancy. Below we round up all you need to know.
Martin Lewis warns council tax debt collection is 'so aggressive it'd make banks blush' – change is needed
Aggressive council tax debt collection practices – even after missing just ONE payment – are putting up to two million people at risk of serious harm, new research from charity the Money and Mental Health Policy Institute (MMHPI) has found. The charity's chair and founder Martin Lewis has called for Government action and urged local authorities to look at their methods in the meantime.
First-class stamp prices to rise by an inflation-busting 22% from 7 October – here's how to beat the hikes
The cost of standard first-class stamps will rise by an inflation-busting 22% from Monday 7 October, Royal Mail has confirmed – but if you buy some now, you'll still be able to use them after prices go up.
Nationwide to hike FlexPlus packaged account fee by £60 a year – should you ditch and switch?
Nationwide will raise the fee on its popular FlexPlus packaged bank account from £13 a month to £18 a month in December, the building society has announced. If you've got the account, it's likely worth sticking with for now – though you should diarise to look at alternatives when the new fee kicks in. Here's what you need to know.
FREE visits to 5,000+ UK historic buildings & heritage sites in September
You can get FREE access to many historical sites and tourist attractions this month including National Trust sites, castles, locations used for TV and film including Pride and Prejudice , The King's Speech , and Bridgerton, and more. It's all part of heritage open days across the UK.

View All

Bankruptcy & living with it

Categories

Popular Tags

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Bankruptcy & living with it

Category List

Discussion List

Categories

Popular Tags

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free