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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…
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Self-Employed IPA - Terrified as really need a fresh start
I declared myself bankrupt on 26 June after a deeply traumatic family period that caused a failed business. My OR has asked me and my husband (who's not BR) to provide three months of personal and business accounts to show our spending and surplus. I'm terrified as my business has just collapsed due to Covid but due to my…
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Help so confused, possible Bankruptcy
hi, Are benefits taken into account he gets PIP and private pension as well as RP what happens to phone contract and car we have on a rental agreement? Sorry for all the questions l am in turmoil at the moment - thank you
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Preparing for bankruptcy - a few questions (SOA included)
Hi all, Due to certain circumstances and where I am in life, I’ve thoroughly explored my options and I believe bankruptcy is the best option for me. Before I submit the application, I want to be in the best place to ensure it’s a simple and stress-free experience, especially when dealing with the OR. I have a few questions…
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Time limist to set DCO
Hi all,I'm not sure if anyone can help, but I just got a letter from my OR saying that they are proposing to wavie the time limit to set a Debtor Contribution Order (DCO) as I was not interviewed in the specified time period. I wasn't aware there was a time period and I had an interview a week after they requested one, so…
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House Repossessions
Does anyone know anything about house repossessions. Quite a long time ago I went bankrupt, had my house repossessed etc. Everything has moved on since then but I am asking as out of curiosity I decided to look up what it was eventually sold for and there is nothing online. It shows the last sale as when I bought it 20…
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OR Interview tomorrow morning
Absolutely bricking it for tomorrow’s interview 😭 Hoping it’s a case of the thought of it being worse than the reality! I’ve got nothing to hide and have put everything on my form so hopefully all will be ok!
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I got a lovely OR
Just had a missed call and a guessed could possibly my OR, so I dreaded phoning back but I did and she’s absolutely lovely to talk to,she’s arranged a phone call tomorrow night at 5:45 to go over every thing we me. she said what ever I do don’t worry about it all she said she’s not here to judge me or beat me with a stick…
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IPA agreement before discharge
Hello, I just wanted to know what the likelihood is, if no surplus income IPA was set at the beginning of bankruptcy, is it common for the OR to apply one at a later stage? And what factors would cause this? Thanks
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Insolvency Register Updates
I am due to be discharged on the 6th and was just curious as to when the register will be updated to reflect a discharge status? will it it be at Midnight on the 5th/6th or midnight 6th/7th or does it take a couple of days to change
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Water bill
Morning! I have just had notification that my water bill (rates not a meter) has been included in my bankruptcy. I was paying by direct debit and was up to date with all payments. United utilities have set up a new account and transferred all payments made since my bankruptcy across to this and the new bill is zero. Do…
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IPA
How is an IPA worked out? I am about to submit and have just had a pay rise earlier than expected. Do they take what is left after your outgoings plus what you would pay for debt and take what is remaining or do they take what is left after the outgoing only?
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Help and advice needed
Hi, I’m in hell and can’t seem to see a way out. When I was 19 my parents pressured me in to taking out a joint mortgage with my mother to buy a house as my dad had debt and wouldn’t be accepted. Young and stupid I agreed. Throughout the next ten years, my mom racked up 50k debt going on multiple holidays a year, credit…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Should I get an IVA? by Bunnyburrows1968
30 July at 9:31PM
