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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
