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Bankruptcy Interview and Property transfer
I have my bankruptcy interview in 1 hour. After reading some information online I'm panicking now about a property transfer. Around 16 months ago I stupidly had a short affair and my Wife found out. To cut a long story short we had after 20 years together a lot of mixed debts. The debts totalled around £30k. After what I…
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Husband and I both going BR
Hi. I have a couple of questions about filling out the Bankruptcy form on the gov website. Hoping someone can help. They’re probably very obvious but I’ve not been able to find the answers! We have to go BR separately, do we each half our outgoings on each form? Ie our rent is 925 a month do we each put down £462.50? I…
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Personal Guarantees from Insolvent LTD Company
Hey everyone, I'm looking for some advice. Me and my partner had a limited company which went insolvent in 2019. The company has now been liquidated by a IP. We have been hit with around 100k of personal guarantees for the company debt and over the past year we have been working with the creditors in paying them off. Due…
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Bright House washer/dryer
I have a washer/dryer from Brighthouse which costs me £9.60 pw. I know it's madness but I was desperate at the time when I bought it. If I put it on my list of debts when I submit my bankruptcy, will they be able to take it away or will it be classed as an essential payment? I think my payments actually end in October…
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Lasting Power of attorney/ trustee
I just need to check the situation around power of attorney and being a trustee please. I have lasting power of attorney over my mother’s financial affairs. She is very healthy and I don’t see her (touch wood) needing me to step in any time soon. I understand that if she were to die or not be able to conduct her financial…
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Contact from creditors
hi all, what contact should I expect to have from my creditors before being discharged? I only ask as Very are texting and emailing still advising me they will be sending paper copies of my statements and emailed copies. They are also giving me a minimum payment amount and arrears amount and asking for it be be paid before…
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Selling car and tax rebate to fund overseas move before BR
I have been offered a job overseas but in order to fund my expenses to move I want to sell my car and claim a tax rebate to buy flights, pay for rent when I arrive overseas and for basic living expenses and BR fee. Once settled I want to go bankrupt from overseas in about 6-9 months. I will keep records on how the car/tax…
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Discharged 10 years ago - looking for mortgage
Hi, My husband & I went Bankrupt in 2010 and were discharged less than a year later. We were at the time living in a mortgaged house and are still there. We are planning to move and get another mortgage this year or next year. We don't have any loans or credit and have good credit scores (no debts, lots of unused credit…
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Joint accounts in Bankruptcy
Hello! I was dead set on an IVA, but looking at it closer I would be better off my bankruptcy. I will probably go bankrupt in a few months time. I have a joint account with my husband that has our joint expenses that come out of it. What I would like to know is: A) If I go to the bank in the next few weeks and take my name…
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Bankruptcy today
I've managed to get my fees together for my bankruptcy today however I'm currently unemployed so I know an IPA won't be set up against me however as an example if I got paid 1500 per month and I had 500 in agreed outgoings with the OR what would likely be the IPA repayment as I'm reluctant to press the button if it leaves…
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IPA's
Good evening, I'm now five months into my bankruptcy and I have agreed to an IPA of £80 which was asked by the OR, which I believe is fair given my circumstances. I've just returned the form Now, my wages vary from month to month, from £1400 - £1800. Am I ment to declare my wages each month or just if I come into a…
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Iva
Hi I have to an iva with payplan and I'm having issues they keep putting up my repayments . I'm open and honest with it and the budget plan is filled out to the best of my knowledge they are putting up my payment"s up £150 to £344 me and my wife cannot be afford that and struggle to pay the lesser be amount. Is there…
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Letter informing creditors of bankruptcy.
HiI was made bankrupt at the beginning of April, I am still getting letters from the creditors asking for money and issuing defaults. I'm not sure if the official receiver has told them or not. So to try and stop some of these letters, I'm going to write to them directly informing them I'm bankrupt, but alas I'm not sure…
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Bankruptcy and inheritance
My other thread diverged into this subject. There was some good input on the subject but more answers needed so thought I'd start a new thread... especially as it might cause some people problems in a world wide pandemic. I also thought the advice given here might help someone else. So, family of 4 siblings with 1…
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Help please, I am stuck and lost with DRO
In 2015, had an approved DRO, all my debt was listed. On tying to make sure that i do not fall back into the trap, I decided to do a credit check. On that credit check I notice that the DRO is active as it should be but listed in the public information is two CCJs included in the DRO still on file. This CCJ's were taken…
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Moved: Surya hotels - how to complain
This discussion has been moved.
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Tenancy agreement
hi, the OR decided no interview was necessary and informed me of this in a letter. I wanted to check he wouldn’t be telling my landlord, I’m a good tenant, 6 years always paid and maintained and improved the property in this time. Painting etc In fact last time he came he commented on how nice i had the house. Anyway the…
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Moment of realisation
My sister is in a mess and the poop has not just hit the fan its exploded everywhere. Bit of background info She has been bankrupt twice 2007 and 2013 and has bipolar 2nd bankruptcy I thought they would issue a BRO as they threatened to at her interview, they didnt. Been begging for help with her mental health since 2011…
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Car title
So, I was fully resigned to losing the car when I go be shortly but I've only just remembered that my father took the finance out when I got the car, it's fully paid off now but the finance agreement is in his name....am I correct in thinking this will be exempt?
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Credit score
Hi everyone, My first post! I have just finally had the bankruptcy fall off my credit report after 6 years! However much to my surprise, my score hasn't gone up! Should it have? I have no bad credit, no ccjs or defaults, I do have a few rubbish credit building credit cards with just more than 50% balances on but no bad…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
