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BRO / Discharge query..
Upon reading Debt Camel's advice pages, am I right in thinking I will not be discharged at the 12 month point because I accepted a BRO..? I was under the impression I would be discharged at the 12 month point, but would be required to stick by the BRO rules (5 years) and continue to pay into my IPA for the 3 years. I'm now…
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Bankruptcy information
Hi there. I'm looking for some advice on bankruptcy. I have gone through all my financial situation with a debt help company, debt3forme and they have advised an IVA. I've asked about bankruptcy as a friend has done this and feels it would be the better option. The IVA company have said that if I were to go bankrupt then I…
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No contact from official receiver, and bank account frozen
Went bankrupt on 26/08/2020, have heard nothing from o/r went to pay for shopping yesterday and card declined. Also wage's did not get paid in, so may have lost those forever, is this what should be happening. Any advice appreciated.
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SOA family income & expenditure
Hi, we recently lost a family business and as a result my husband had to go bankrupt. We have both been lucky enough to get jobs and need to revise our SOA. We don’t have an IPA yet as we previously had no income. My question is does my husband include all household expenses? We need two cars for work and getting the…
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PIP payments and backdated after Bankruptcy order made?
Im confused and worried. I have thankfully been made Bankrupt last month and I have been on state benefits after losing my job for nearly a year to illness. Due to Corona my PIP claim was delayed for months during this time but I have now been awarded the lower rate and a backdated payment. Do I have to tell my OR about…
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Business bank account after bankruptcy discharge
Hi, I went bankrupt in 2017 because of the failure of a family business over which I had no real control but I had personal guaranties for OD etc, lesson learnt the hard way! Anyway, I was discharged on the 12 month anniversary without any restrictions and I am not disqualified director. Seen bankruptcy I have worked my…
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BC - Previous MH issues
Hey all, I am new but joined as I just don’t know where to ask these questions. I am currently looking into BC and have been advised by a debt charity that it might be the right solution to my unfortunate situation with debt. Long story short, I have Bipolar disorder which has caused me a lot of issues in my financial…
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Bankruptcy & Marriage- help!
Hi all, Not looking for any judgment just some advice from you lovely people. Following a bad break up 4 years ago I had to declare bankruptcy. I have since been discharged and counting down the next 2 years until it falls off my credit report. I am engaged to a lovely human and we are due to marry in Winter 2021. He does…
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No contact from OR yet
Hi, I read this forum backwards and forwards before applying for bancruptcy on the 14th. It was approved on the 17th.I tried to time it to fall between my wages going in, and direct debits/standing orders going out of my basic account (one I've had for years, with Nationwide).I had hoped to have heard from the OR by now,…
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Calling all knowledgeable peeps - SOA - IPA possibility? Help?
I'm not sure if this is the right part of the forum, but here goes, here is my SOA. As I'm sure many have been, I'm scared to death of being put on an IPA. I suffer from bad mental health and I'm not sure if I could ever live with a 3 year IPA hanging over me, knowing that every single bit of money is to be taken off me.…
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Bankruptcy and car !
Sorry if this was asked on this forum before, but I couldn't find something recent. I am asking for a friend who is considering bankruptcy and has a full paid car worth 10K he says ! In Jan he took a loan to pay off the car finance, loan had less interest, March covid-19 and suddenly lost his work and likely to be the case…
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Universal credit/IPA/Tax code change
Good Morning all. My husband and I went bankrupt last month and all had been plain sailing really in regards to things being sorted however I have a couple of questions that I hope you knowledgeable guys can help me with. Our case worker told us to wait to hear from the council re council tax payments, do we pay it in the…
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Nearly 6 Years - 'In Default' accounts on Clear Score?
Hello All, First off, this forum helped me a heck of a lot six years ago when I went Bankrupt. Thank you to everybody who was posting back then and to the website itself. Anyhow, after 6 long years I'm nearly there. I'm reviewing my credit account on Clear Score and quite a few of the accounts from pre-bankruptcy are…
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Assets Help
I have had mixed views from StepChange and another debt advisor - basically I have a fairly new laptop, it's about 8 months old. SC said to put what I THINK it's worth, but the other DA said I don't need to put anything as it won't be worth anything really? I can't see that's true. I want to be honest, but can I search…
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Discharged Bankruptcy - Satisfied CCJs?
Hi, Following on from seven years of battling with debt incurred during a highly toxic relationship and barely treading water, I declared myself bankrupt last year and have recently been discharged. My circumstances are vastly different now and the instability leading to the debt / lack of income are long behind me. I've…
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Credit to pre bankruptcy bank account
Hi, a friend has sent a credit to my pre bankruptcy bank account. Would this bounce back to them. The account is showing as “in default” on clearscore not actually closed. I presumed it was closed as it disappeared from my online banking once they were notified of the bankruptcy. Has anyone any experience of it? Thanks x
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Set up as self employed during bankruptcy
Are you able to set up and register as a sole trader prior to discharge from bankruptcy?
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Bankruptcy & Statute Barred
Hi. First post so bare with me. I recently (06/03/20) declared myself bankrupt with £65K debts. A lot of that figure is made up of debts that are over 6 and years old. The Insolvency Service told me to put every debt going back as far as needed on my bankruptcy. However, I've since been informed that I shouldn't have…
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DRO change in circumstances within 12 months for OH
I am glad to have found this forum as have done lots of reading and feel somewhat different than last week where I was on the verge of running away. I have been advised by Step Change and another advisor that they think a debit relief order is the best thing for my circumstances. I do wonder that whilst my situation…
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Unable to get a mortgage - bankruptcy
Hi, my situation is as follows. My husband went bankrupt in June 2016, and we were told in January of this year by London & Country we needed to wait until he had been discharged for 3 years before applying for a mortgage. I currently own my house (hubby doesn’t) but we are wanting to move to a bigger house. Then covid…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by fatbelly
5 September at 9:36PM
