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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…
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Being made to struggle at no fault of your own
Seven years ago we had windows put in, after two years with no help from them, we took them to court. Our windows cost £4,000 i was made to pay solicitors fees which finely amounted to nearly £18,000. five years after this court fight started we finely won our case back in March 2020 they was advised to pay all fees and…
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Some advice needed before going bankrupt
Hi, my partner is considering going banktupt as he got 20k of depts that he is unable to pay and we are expecting a baby in 2 month. We are not married. For the car we have got he is the registered keeper and I am additional driver, but I paid for it 6 years ago (took a loan). I do not have the invoice, all I have is the…
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Ipa or Not
Hi guys, me and my partner are thinking about bankcrupcy but how likely is it we will get one iof these ipa
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Just been advised to go bankrupt - Scared and need some advice
Hi all, I started up my own business at the beginning of the year, I had debt, but between my husband and I we were managing it. In the lead up to CV, we were unfortunately getting worse, as my husband's takings started to take a nose dive straight away. Since CV - my business has failed to take off, and my husband is a…
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Help Needed... Tandem Bank not updating their system
Hello all, I was declared bankrupt in December 2018 and that time Tandem Credit Card’s balance was included included creditors’ list. In January 2019 OR sent official letter to all my creditors and I informed them and my most of creditors as well by phone. but, they continued charge me interest and late pay penalty and…
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DRO and Utility Bills in Another Person's Name
I'm currently applying for a DRO and have declared a utility bill on the application. This was for an old property I moved out from about a year ago. I only received this a few months ago and I'm not sure why as the account was always paid off in time. I'm in a new house now and our current provider is the same as the one…
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Signed IPA
Hi all, it’s actually my discharge date today, but looking for a bit of advice.. I signed a ipa in August last year, obviously went on N/T tax code for a few months, worked extra and paid N/T amounts to Willmott! But I’ve paid nothing since April, is the Ipa in place still? Also I read there is a fee of £150 which I don’t…
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DRO approved but have credit card
Hi I have recently had an application for a DRO approved which is good news, I did have one credit card which was hardly used and had zero balance on it which was not included in the DRO. What should I do with this credit card? Get rid of it? Or could I still use if I was in a crisis or needed extra money urgently for a…
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Bankrupt,Gas debt
I was declared Bankrupt on 07/07/2020.I have debt from 03/072020 of £80 with SSE for.gas on my prepayment metre.They have started taking £2 from every £10 I top-up.My Question is does this not qualify as debt
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Council tax payments
Some one I know went bankrupt in December 2018, with 3 properties previously owned reverting to a major building society.Tenants remained in two of the properties until July 2019 and July 2020 respectively.The other property was sold immediately the bankruptcy was completed.The local council is now demanding council tax on…
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IPA - 4 months away from discharge
Hey, I am new to the forum, I was hoping someone could offer some advice. I am 4 months away from bankruptcy discharge, I didn't get put into an IPA at the start, however I have just submitted a new SOA due to a very slight increase in my salary which has then given me a surplus of £30 a month. The OR has asked me to sign…
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Questions About Bankruptcy
My husband has recently applied for Bankruptcy and he will be having a telephone interview next week and we are trying to get prepared with what info we think we need but there are a few questions we have and I wondered if anyone could advise. First of all we have no debts in joint names and no bank accounts in joint…
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Advice needed on IPA reduction
Hi all, I am 3yrs and 4mo into my bankruptcy. I have been paying £120pm during this time but now find myself in a position whereby I will be losing £400pm in income. What will the process be if I ask for an iva reduction, will my or require bank statements and marital status etc. Any knowledge you can share with me is…
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Debt contribution order (Scotland)
Hi,I was hoping that someone might have the answer, as I've not been able to find it anywhere.I am about to have a debt contribution order (DCO) set and submitted at zero as I don't have an excess income, but I want to find out once I have been discharged if the OR can set a new DCO if I later increase my income or…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
