-
Moved: Help! Step change cancelled my dmp with no missed payments.
This discussion has been moved.
-
Bankruptcy, Student Bursary & IPA
Hello, Both myself and my husband are about to file for personal bankruptcy after losing our business last year and incurring debt from personal guarantees. We are currently receiving approx £1500/month in Universal Credit as well as £170/month Child Benefit. My husband is not working at the moment due to having back…
-
Contents Insurance
Hi all, I’m posting on behalf of one of my neighbours. She is about to move and has asked me to post here as she is somewhat unconfident with computers, internet etc… She was made bankrupt in May 2014 and discharged a year later. Has been financially responsible ever since, with no loans, cards or such like. Having worked…
-
IVA due to fail and homeowner
I’m hoping someone can advise or offer some reassurance. I’m awaiting a call back from citizens advice but that could take up to a week. A bit of background first.. i entered an IVA almost a year ago. I was self employed running a cafe. Opened 10 days before the first covid lockdown and tried for a few years but ran up…
-
IVA has been terminated with debts outstanding... Help please!
Hello I entered an IVA in January 2022 with debts and a CCJ of around 26k. This was with The IVA Advisor, who have since gone into administration. It was passed to Anchorage Chambers. I struggled to make payments and after doing a lot of reading, I don't think I should have had an IVA anyway. Anyway, it has been terminated…
-
charge on house
I lost my business in 2009 and have tried for years to clear the debts on business c/cards some ive paid off, i got advice years ago to transfer ownership of our family home to my wife, so she now has 99% and i have 1% this was done 6yrs ago, 2 yrs ago Mortimer Clarke did a charge on the house for an old sainsbury's c/c…
-
Moved: accumulated parking fines
This discussion has been moved.
-
Moved: Council tax help
This discussion has been moved.
-
PLI and whether honesty pays?
Hi, I'm confused a little. I want Public Lability Insurance. The market I am in is somewhat specialised. There seems to be only a few places that offer PLI that will suit the business. One of the questions is always along the lines of, 'have you or anyone you employ ever been declared bankrupt' Now I'm a tiny one many…
-
CVL then Bankruptcy - Car worth less than HP outstanding
Thoughts very welcome. My company is insolvent and is presently going through a CVL. I have no significant assets I think, however, many of the company debts are personally guaranteed, so bankruptcy is next. I am going to be a contractor for another company (not mine) with a Weekly income of £650 - I have a Monthly…
-
IVA review
Hello, I've been asked to provide access to my bank statements via open banking for my first IVA annual review (as well as last 3 months of payslips). The open banking access was requested from 3 months prior to the request date, which I agreed with. I know they will have access to it for the duration of 90 days. Does that…
-
How do I sort this debt?
Hi, I will try to keep this as concise as possible. I had a debt relief order in Jan. There were 2 debts on it. I recently had a change of circumstances which I duly notified the insolvency service of and the DRO was anulled. So I became liable for the debts again. One of the creditors had already advised that the debt was…
-
DRO and council rent default query
Hi, quick question to @fatbelly @sourcrates @Grumpelstiltskin etc. please if you have a default on council rent and water rates, does it affect your eligibility for a DRO at all? Thanks :) (posted elsewhere originally but deleted and created this new thread instead)
-
HMRC & bankruptcy - how quickly do they act?
A bit of a difficult situation here regarding a family member. We know he owes a huge debt to HMRC, and there doesn’t appear to be any way of paying it. We also know that HMRC have already issued their “statutory demand” (which I think is the final warning before proceeding to bankruptcy), and the deadline for responding…
-
Selling home when ex husband has IVA
Hi, my husband and I are separated and he is pushing for our home to be sold so he can have his share of the equity, he currently has an IVA which is due to finish early around Feb 2025, If our house is sold will the IVA company take money for his debt, if so will it just be out of his half of equity or will I be penalized…
-
Insolvency service charge on joint owned house
Hi, Daughters father in law passed away recently and on getting a Land Registry print out of the jointly owned house it has been found to have a charge on from the insolvency service from 2008, how do we find out how much this charge is for? and if say it was for £50K in 2006, will it still be £50K now or have been…
-
Family home and debt
Hi all Having checked my parents will recently, it seems i am trustee to the property along with my brother. The proviso in the will states the house cannot be sold while i live there, ( i have lived there 50 years), also if i stop living there or someone else moves in with me, the house will become the property of the…
-
HMRC bankruptcy hearing
I'm being declared bankrupt by HMRC for unpaid income tax. My hearing at the High Court in London is in a couple of weeks but it clashes with a longstanding hospital appointment. I've been expecting bankruptcy for quite a while and I'm not opposing it. Do I need to attend the hearing?
-
Income/expenses bankruptcy
Hello. My bankruptcy was approved in March 2024. I filled out the required NTB2, TNDIS and DPADA forms at the outset and after a telephone conversation with the IPA assessor, it was determined I would not have to sign into an IPA. 7 months later, the insolvency service have contacted me wanting me to sign electronic…
-
Interlocking IVA
Hi I have asked this question on another thread but would really appreciate a professionaly qualified My wife and i are in year five of our iva. Our son has a uni place and we are expected to contribute 5k of his maintenance award. As we are in an iva we can't do that. The IP treats our son as non dependant, Student…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
