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Statement Search
Hi all, Im looking to go BR very soon as my circumstances have taken a dramatic change. How far back will the OR look to see what the debt money was actually spent on? Mine has built up over the last 5-6 years and I have no idea what exactly the money was spent on so worried encase I have to list it. Just trying to be…
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Refund into 'frozen' account - OR claimed refund
Hello everyone I'm about 6 months into my bankruptcy now and I've found that it's all been smooth sailing until this week. I received 2 refunds this week for events that have been cancelled due to COVID-19, one was a £90 holiday deposit and another was £175 for a concert but they've both unfortunately gone into my supposed…
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Post Bankruptcy 2 UTR Numbers.
I was discharged from bankruptcy 25/02/2020. As have been self employed for over 15 years i have a UTR number. Due to bankruptcy i was informed by HMRC to file tax return by paper return and after tax calculation I would be issued with new UTR number.I was given an extension as by the time things were sorted the deadline…
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Consent Order
Hello all I've posted a few times about the issues i was having with my home being overvalued by the trustees agents which was looking like it would force a sale. The trustees eventually agreed with the 3 local agents who had valued the property and agreed a much more realistic price based on these estimates. Whilst…
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Bankruptcy and life insurance.
Hi, I'm just looking for a bit of info. My wife has just applied for bankruptcy. She had her phone interview this morning and it all went well. The OR has asked her for her life insurance details to check the policy, to see if in the future, if one of us dies, the payout will go to us or into the bankruptcy. If it does go…
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Bankruptcy or IVA....Decided BR is the better option but I have so many questions!
Hi I'm sorry if I seem really naive and thank you in advance to anyone that can help me out as i'm feeling very lost, confused and anxious right now. I have completed an assessment of my situation with Stepchange and the outcome was either an IVA or Bankruptcy. I feel like Bankruptcy is the better (?!) option for me as I…
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Life Ruined Help Needed
Hello ive been lurking around this forum for some time. In so much debt , been stupid. I think bankcrupcy is the right thing to do but really unsure.
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Bankruptcy questions
I’m thinking about bankruptcy as a last resort, my income from employment is about £1500 and about the same total from UC because our rent element is high and we have kids. I want to know if our income is too low compared to outgoings so our debts get rotten off completely or if we will be expected to keep paying a little?…
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Preference payment
Morning everyone Just a quick question about preference payment parents got letter saying they have to pay it back which isn't a problem as they don't have Internet banking they are sending me the cheque to pay it my question is can the or check my parents account they are worried that the or will search their accounts and…
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CIFAS Marker Support
Hi, Does anyone here know How to get a CIFAS marker removed ? - I have obtained a DSAR from CIFAS, and there is no information Listed on my Report apart from "METRO BANK PLC HAS MADE A SEARCH INTO YOUR NAME AND ADDRESS - PLEASE CONTACT METRO BANK PLC FOR MORE INFORMATION" . I have been into Contact with Metro Bank, and…
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Post bankruptcy PPI upheld
Difficult to know whether to post this under bankruptcy or PPI. giving this thread a go. weird one :i was bankrupt last decade-all sorted and discharged .We all know any PPI money belongs and goes to to the official receiver . i have latterly received a PPI reclaim offer from a credit card company (who formed part of my…
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Mortgage shortfall after Bankruptcy 6 years ago.
Bit of a complicated one and hoping someone on here may be able to assist. Basically I went BR in 2011. Had a mortgage for a property I was no longer living in (ex partner was there). That property went onto the BR. BR went through and administrators said as property was in negative equity they had no interest. I had…
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Monzo and bankruptcy
This discussion was created from comments split from: Lloyds basic account, Brutallity and bankruptcy.
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Credit File Entry
Hi, my husband and I are almost 7 years post discharge (October) and currently have a DIP on a mortgage with Halifax. I checked his equifax credit file yesterday and there is a Santander account on there from before the bankruptcy however from 2011 - 2017 (last entry) it has a green tick every month then the last month…
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Live IVA and potential compensation windfall
I'm asking this on behalf of someone so not 100% sure on the details. If there is a small amount (less than £10k for example) left on an IVA and the debtor receives notice that they may be entitled to compensation which exceeds the amount left on the IVA, can they just pay off the IVA and the rest of the compensation is…
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IPA information
Just looking for a general consensus.. I've agreeded to an IPA of £70 monthly. My wages vary from 1500-1800 take home.. This was all explained to the OR at a face to face interview pre Covid. Now, at what point do I inform the OR of a change of income? Say one month I get 1850, the next 1600.. Do I inform them when I'm…
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post BR accounts
hi all I want to write to my creditors to update my credit file but don't know where to find my account details I use clear score and other free d=sites and they all show my defaults etc but no acc numbers how do I find these to be able to write to them? thanks for any help
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Halifax DIP
Hi everyone, thanks to your lovely replies over the last few days I bit the bullet and today my broker got us a DIP with Halifax. Halifax ask if you have been made bankrupt in the past six years, we were made bankrupt in 2013 so seven years so we answered no. But now I’m nervous that the bankruptcy will come up at full…
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Soa flex furlough
Should be going bankrupt hopfly by end of this month. work just phoned me and are bringing me back on this flexi furlough, how would I do a soa when by the sounds of it each week is going to be different pay by the sounds of it. sound like I work what they want me then furlough me the rest of the time so no set days thanks
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Bankruptcy and beneficial interest post separation and divorce
I was made bankrupt in 2011 my wife purchased the beneficial interest less than 10k back from the OR with money given to us by my mother I up until the last 7 months have paid the mortgage now we are separated and selling the property my wife is adamant I am not entitled to half of the profit we were married 33 years of…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
