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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…
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Bankruptcy and PPI
Where my failings on credit cards formed a major part of my historical bankruptcy- and whicjh would have been evident from the list of defaults provided -whilst i understand and accept any PPI refund goes to the OR and not me-does anyone know if the OR automatically (and has the authority to do so ) a) will have made PPI…
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3 Months to go
I now have 3 months to go until discharge and have had very little contact from the recievers, I was half expecting a Bro/Bru as i was made bankrupt by HMRC, I had one letter in January requesting IPA And income tax ipa but didnt sign due to change of circumstances and have heard nothing since, Just wondering if I am…
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Need some advice about being discharge from bankruptcy.
Since being
discharged from bankruptcy on 04 July 2019, I have some questions that I would like clarified
as I don’t want to break any sort of restrictions if any still apply. Please
see the following: · What does being discharged mean for me and do the same restrictions
apply that were in place for the bankruptcy period?…
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Bankruptcy due to impact of Coronavirus
If you have petitioned for bankruptcy as a direct result of Coronavirus is it fair to say that you are in this position through no fault of your own? (Debts would have continued to be paid off using income had it not been for Coronavirus halting income) Therefore, who would should be contacted regarding reviewing credit…
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HMRC
I was declared BR last week. As well as being employed full time i had a little business going. 30th March was the end of my first year trading. I have approx £3k profit although havent done accounts yet. Is the tax for year 2019-20 payable and what about the profit? ive spent the money so can they expect me to repay it…
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BR experience
I wanted to come on here to share a few things from my own personal bankruptcy journey, in the hope it will help many others out there now and for years to come as this forum did to help me. I went bankrupt in March of this year and now 2 months on, hand on my heart I can truly say it was the best thing I could ever have…
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IPA PAYMENTS
ME Again , sorry for all the questions. Ive had my interview, all went well. Pretty standard, allowed to keep my car, tweaked my budget with her on the phone and agreed a £160 per month IPA. I discussed doing Overtime as there's usually a lot on offer if we want it, and her response was that id be doing it for nothing as…
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Should I consider bankruptcy now or wait
Hi, I have bought business about 8 months ago using business bank loan, which was personally guaranteed by me. My plan was to work in the acquired business in parallel with another job that I was still doing. When I was deciding about this venture, my second job was sort of a backup plan. I thought that even if the new…
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Bank credits when acc frozen
hi, sorry about all my last minute questions. I’m pressing the button on Monday and thought I had a basic account with Barclays but no, a standard acc was set up. Not all bad as at least my income was protected as I moved everything there away from Natwest. Anyway I have been unable to change it to a basic over the phone…
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Ready to press
so there is nothing stopping me pressing the button now, apart from fear I suppose. I’ve got the fee money ready, I’ve withdrawn some money for if/when acc frozen. I know I can’t continue in the current situation. It just seems so final and scary. Please tell me it will be ok
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Independent insolvency company Mazars
I was made bankrupt by HMRC and the official receiver palmed me out to an independent receiver called Mazars ,who have literally doubled my original outstanding amount in their own fees, because it seen i have equity in my home which im forced to sell....i always maintained to the official receiver at my interview my…
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When do you think ex bankrupt husband can come on mortgage?
I have exemplary credit history. About to buy a house (selling house I bought before I knew him), along with a roughly 400k mortgage in my sole name. He was discharged from bankruptcy in early 2018 and it was his second time. He's retired from work now (injuries at work primarily and my income is enough and far more…
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Old 'Better Energy' debt resurfaced after 10 months 700% increased!
Hi all, I received a letter from CCS collections last Thursday stating that I owed £280.00 from an energy account I had from an old Better Energy account (now PFP energy) from when I changed suppliers from them about 10 months ago. I had totally forgot about the original amount (around £40) that I owed Better Energy after…
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Family member has to pay back given to her
Hi I hope someone can help me I have gone bankrupt due to ill health i gave my daughter 15800 7 months before I went bankrupt will the agent give her time to pay it back
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I need advice
Please could someone give me advice, I’m at my wits end. I’m seriously thinking about going bankrupt. My mental health is in a bad way due to my debt consuming me. I worked part time for years and claimed working tax credits/child tax credits. Over 10 years ago I got myself into debt and sorted it to pay small payments to…
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OR Interview Advice
I have my interview this Tuesday, I am just wondering what they will ask apart from why i went into trouble etc. Will they require my bank statements/pay slips at all? I have stopped working overtime now since i have submitted my application so have only declared my basic salary on the form. is this the figure they want?…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
