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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…
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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.…
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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)…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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?…
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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…
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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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Last Minute Pet Insurance
I've posted on here a few times recently in prep of applying for bankruptcy. I have 2 Border Terriers (7 & 4 yrs) and have always had pet insurance. However, last week I had to rush one of the dogs to the vets and ended up with a bill of £255. Unfortunately I realised my pet insurance had expired and I hadn't renewed it !!…
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joint mortgage an Ex and bankruptcy
Hi Ex an i split 10-12 years ago, very amicably mortgage is sill joint as mortgage was too high to put in my name, Ex is thinking he may have to declare voluntary bankruptcy due to corona, he has had nothing to do with house or mortgage since we split. i could either remortgage by paying most oo and get small mortgage or…
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Bankruptcy and moving to ireland
I am going to be applying for bankruptcy in the near future, and will be moving to Ireland immediately after. A fresh start kinda thing. I have a few questions. Will the bankruptcy in the UK affect me ability to get a bank account and/or future credit over there? Also does the OR have access to a bank account I have over…
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Possible rejection for for being in negative income?
As per title I am in negative income, minus £400 to just meet my essential living costs. Would this be a reason to have bankruptcy declined and would I lose the £680 fee? My plan is to have food parcel sent to me (family) and my rent is paid for the next 3 months, so I have this time to find a part time job to take me out…
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Can you advise on my SOA
I'm considering bankruptcy after years of financial problems. I've attached my SOA and wonder if anyone can give me advise if it looks reasonable? I haven't included my debts as there are too many to list but they add up to approx £42K of unsecured loans, credit cards etc. I rent privately with my 2 children aged 14 and…