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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…
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Question Regarding Bankruptcy/ Rent Arrears
I spoke with StepChange today regarding filing for bankruptcy. This is not a course I want to take and I am trying to get my head around it and the implications. I rent my property and currently have rent arrears. SC say I need to include my rent arrears in my bankruptcy petition but if I do this I will be evicted - I have…
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Bankrupty and job terminiation
Hi Guys, I'm looking at going bankrupt as this whole Corona Crisis has shown me, how I will never be able to pay off my debts. I owe £30,000, have no assets, 2 children, single parent and work as an insurance advisor. I have stripped back all of my non-essentials and changed suppliers where I can and my monthly outgoings…
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Letter to bank from OR
hi, I have just received an email with copies of letters to the bank re my accounts advising that the OR has no interest in them. At the bottom of the account it states that the bank should advise the OR if i hold any other accounts with them. I opened a Barclays account to prepare for bankruptcy but the account wasn’t…
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Hassle from debt collection
Hi, I am currently saving up the BR fee and hope to have it by June 22. However, I have a debt collection agency hassling me in the meantime. What can I do to stop them? Seems daft to pay them anything as I need to save the fee?
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Coronavirus
Hi everyone I'm currently paying an IPA, with the threat of school/education closures my wife is likely to be unpaid for that period as works in a private nursery, this would likely cripple us, is there likely to be something in place from insolvency service, for example relief for a month but for the month to be added on…
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Considering bankruptcy but could use some info before I proceed.
Hello, I am considering bankruptcy and have a few concerns that I need to clear up. 1: I owe £3500 for a car finance, my debt left is £2500 this would be secured debt, my brother has offered to pay the debt off and take the car as his own, would this be legal? 2: I have one item worth new £1,189.00 and have £599.00 left to…
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IPA
I’m just wondering what’s the most the official receiver could take from your wages ? I currently earn 2,500 pound after tax and I owe roughly 25k , what would my IPA be ?
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I’m bankrupt
so at 10:34 today I had my confirmation that my bankruptcy was approved. I feel relieved as now I can afford food but scared of telling the creditors. Very have been very persistent considering I missed a payment for the first time 7 days ago. 5 emails and two phone calls. The last one just now and I don’t know why I…
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Expenses when paying an IPA
Hi, Just wondering if like my TV or laptop breaks, can I get one out of my ipa?
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IPA Advice
Hi All Still looking for a clear answer, preferrably from someone that has recently gone BR and entered into an IPA. I have been told that mine will be £140 a month, and that a solicitor will be looking after this and will want payslips each month. Is this definitely the case? or do they just leave it to trust that you…
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Ring value?
I was filling a bit more of the form out for BR yesterday and it asked for any valuable jewellry to be listed, I have a ring that was 1900 new but I've been wearing it for nearly a year, where can I take it to be valued? Will a second hand jewellers do it? Or is that not seen as accurate enough? Thanks in advance
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Bankruptcy
Hi everyone, I'm an ex Royal Engineer with 15years service I left in 2017. Due to current circumstances as i have lost my job. I have about 27000 of debt built up through divorce and just living beyond my means for years.(my fault I know).I was managing to stay afloat with the debt just whilst I was in employment but now…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
