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SOA IPA - Advice
Hi all, Going to keep this short and sweet. I filed bankruptcy around 18 months ago now. Due to nature of being bankrupt I was given a BRO, and after submitted my SOA given a steep IPA of £380. Unfortunately I haven’t got a copy of the submitted SOA however expenditure has changed since and we are pretty tight now. I am in…
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Barclays online banking
I had a normal current account with barclays and a basic. I had online banking where I could access both accounts . Since the OR office has informed Barclays of my bankruptcy I've not been able to access my online banking. Does anyone else have online banking with the basic account or is it not allowed?
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Pension Fund - Bankruptcy
Hi All, I could really do with some advice. I was declared bankrupt last month and everything seems to of gone well. I had my interview and the OR confirmed he didn’t need anything else and that appeared to be it. However yesterday to my surprised I received a little from a pension fund I had in 1995 and was only in it for…
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DRO.............Stepchange or not?
For personal debts of a self employed person, is stepchange the correct portal? would it be simpler for the person to de-register from S/E? cheers
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Handing keys back to lender - before or after bankruptcy??
Evening all After months of research and planning I have finally decided to go bankrupt. The posts on this forum have been a massive help, so thanks everyone. My husband and I have separated and we plan to both go bankrupt, hand keys back to our jointly owned (mortgaged) home and move on. Just unsure whether to hand keys…
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Recently severed joint mortgage and ex partner facing bankruptcy
10 years ago my ex partner walked out leaving me a single parent and has only recently signed the deeds of the property and been removed from the joint mortgage of the property we shared. If my ex goes bankrupt is there any way I can limit my liability? She has signed the property over as she was trying to arrange an iva…
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Univeral Credit
Hi I took out a advance on Universal Credit and received a advance before i went BR and could it be written off.
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Capital one
Hello everyone.Went Bankrupt last week and was quite surprised how smoothly everything went.Paid the fee at 4 pm and got a email at 10 am next morning all done.I have today received a default notice from Capital one appearing to say may apply for a CCJ against me.This debt £200 was covered in my BR.Any thoughts on this?
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Finally did it!
Applied for Bankruptcy and paid the fee on Friday, now just waiting for email to confirm
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
