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Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

Bankruptcy form..
hi, sorry me again. i have been completing the form online, and checking it over. it says household income, would I HAVE to put my sons income in here? And the council tax is still baffling me. Could I put in the full amount payable monthly and then explain to the OR on interview?
Daughter's Bank Account
I have a current account which I use everyday with HSBC. I also have a current account with Lloyds with a balance of zero which I haven't used for ages. I understand that these will be frozen when I declare bankrupt. However, my !4yr old daughter has a Young Saver which is linked to mine (it was taken out when she was…
SOA advice please
I live with my 2 sons, my income and expenses.. font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 3Number of children in household......... Number of cars owned.................... 1[b] Monthly Income Details[/b]Monthly income after…
Savings account
hi, I’m very newly bankrupt but I am keen to start with good habits so I don’t make the same mistakes going forward. I have a basic bank account all set up but wondered if I could have a savings account of some description. I thought I could put the money I have in the monthly budget for things that are once/twice yearly…
OR interview - current waiting time?
Hi everyone For those who have recently gone BR how long did it take before submitting your application and getting the OR interview date? I am going to submit my form today (once I pluck up enough courage!) and wanted to know current waiting times for the actual big interview. I know that the email usually comes…
Council Tax/extra income tax question
Hi All I hope everyone is keeping well. I am on day 10 of being declared bankrupt and am still absorbing it all and getting my head around it, just got to return the last few forms then I think I'm done. It was confirmed by my OR this afternoon that I don't have to have an IPA which was a MASSIVE relief!!! I was also told…
Bank Accounts Questions
HI, I am currently going through a process of sequestration / Trust Deed - not sure which yet. Was going to be Trust Deed but the recent Corona Virus outbreak may very well wipe out my spare income for the trust deed, and therefor make it unlikely to be accepted. Anyway, I have an £83k debt to HMRC that needs dealing with.…
NEW IPA after 6 months - LOCKDOWN what do I do?
Hi All, I was hoping someone with more knowledge than me could help. I am 6 months into BR and have been contacted by the OF to fill out a new IPA as they said they would do at some point. I do not currently have an IPA due to the SOA which was submitted when I went BR. Due to the current circumstances (COVID 19 LOCKDOWN)…
Couple of questions..
I am on universal credit at the moment. And I’m trying to get my head around this SOA. My 2 sons (19)contribute to the home. One son has an apprenticeship and the other is claiming UC. So I pay all the bills and do the shopping etc. The council tax bill is in my name, I don’t get full ctax benefit due to my sons. Was…
Universal Credit and Advance Payments
It’s me again I’m afraid. As I work part-time I get Universal Credit and I had several advance payments at the start (Aug/Sept 2019). I currently have £100pm deducted from my benefit every month (will end Aug/Sept). Will the remainder of the Advance I still owe be added to my debts? If so, I’ll get £100 more benefit per…
Still Awake & worrying about IPA
I’m still awake at 3am worrying about having a IPA when I declare bankruptcy !! My son will go to uni in Sept and as a result my Universal Credit, Child Benefit & Child Maintenance will reduce dramatically as I will only have my daughter at home. I know some of my outgoings will reduce but I will be financially much worse…
MY FINAL SOA - any comments?
I think these are the final figures for my SOA .......!! I rent privately with my 2 children aged 14 and 18. My car is worth approx £3500 but is owned/bought by my Mother about 4 years ago and she is the registered owner. I pay for insurance etc. In my last SOA, I forgot to inc pet food, my gas/electric has increased (just…
Frozen Bank Account
I have had my account frozen its a current account, it is with the TSB who i owe no money to. I also have a basic account also with TSB that hasnt been frozen. I cant get at my money in the current account, is it just a formality that they have frozen the current account and not the basic one, and how do i go about getting…
Statutory demand for debts from abroad possible?
Hello, I am a British citizen living abroad and I have been employed at a business owned by two people who live in London. They have a registered business in the country where I live and I was employed at that business. I was working as their regional sales manager when unexpectedly they simply stopped paying my salary and…
Post bankruptcy clean up & what to do now...
Hi! I was discharged from my BO on the 10th so only a few days ago, I’ve checked my credit report using Equifax and there’s a large number of debts that aren’t recorded correctly according to the sticky clean up post. Am I right in thinking I can deal with these now despite only being discharged for a few days? Also, any…
Mobile Phone Contracts
Yet another question I'm afraid !! About 18 months ago I took out a contract for a mobile with data/mins with Vodafone for my daughter and a device contract with O2 for my son. I personally have a mobile which I bought from eBay around the same time and have SIM contracts for myself and my son with O2. The children's…
Newly BR, no IPA given (phew) but now my benefits have increased due to COVID :-/
Hi everyone Well I finally took the plunge and was declared BR last week. I had my OR Interview on Monday and no IPA was given which I was very relieved about. My income is made up of a full time salary which is topped up by benefits. However, yesterday less than 24 hours after my interview I got a letter saying due to…
Council Tax
Afternoon - I'm just about to file for bankruptcy and am trying desperately to sort out my muddle of debts. I have a Council Tax bill for approx £1750 for 2020-21. This is made up of £750 arrears from last year and this years tax ( I have 25% discount). Can I include the total in my bankruptcy or just the arrears?…
An update
hi all, so today I received a text from Natwest saying they had been advised of my insolvency and not to use any cards. I logged into my online banking and my old current account and loan accounts had disappeared. All that was left are the two savings account which are in my children’s names. (I had emptied these, wasn’t…
Life during an IPA
Hey everyone Would anybody care to share what the allowances are like and what their impacts of them on your life are? I'm looking at an IPA for three years and I'm a bit worried about the strict allowances and how best people can survive on them. Is there anything you can do to make them last longer be great to hear your…

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