We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

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…
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…
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…
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…
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 I’ve got the fee money ready, I’ve withdrawn some money for if/when acc frozen.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
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…
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…
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…
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
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…
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?…
Getting nervous now!
Well I’m almost ready to press submit, will be on Monday. Tomorrow all my loan payments will be unpaid. I have already missed this months payment to Very and Next. I am using this money to pay the bankruptcy fee. Very have already sent me 4 reminder texts/emails since it was missed on Monday. I know this is the right…
DRO and beneficial interest
Good morning, I was hoping for a little bit of advice. I will try to keep it short. I’m a sole trader and due to Coronavirus I now have very little income and I don’t see this changing anytime soon. I have explored all government options and possible benefits and the only option to me would be a loan. I have around £19000…
Expenditure For BR Advice Please
This is my List as per my BR Application, does it look ok? anything i should try and change if im able during my phone interview? Income £2011 per month Expenses £1823 month Home and utilities £981.00 per month Rent £ 700.00 per month Building and content insurance £ 27.00 per month TV licence £ 13.00 per month Council tax…
Bankruptcy
Hi , Can someone please assist me ... my question is .... I purchased a suite of furniture from a company and it fell apart after six months ... i am from ireland but the business is in uk .... i have taken him to the small claims court and got a reply back that he is gone into Bankruptcy ., But he is still conducting…
Laid off
My partner had 2 weeks paternity pay and then was told he would be laid off by his boss until he had enough work. His boss paid him one weeks statutory lay off pay and then asked him to work again. He has done a weeks work but hasn’t been paid and his boss is saying he has to work a week in advance again even though he…
I need help. Bankruptcy discharged mortgage 2nd job”
Hi all. Where can I start. I’m new to this. I’ve got couple of questions. “Bankruptcy discharged mortgage 2nd job” I was made bankrupted on the 4 July 2018 By the HMRC due to a 70k debt which didn’t include other debts. I haven’t got any confirmation that I’ll be discharged from bankruptcy. Here’s the time line * declared…
Bankruptcy, Future employment
I am currently on benefits and may apply for bankruptcy. If within the first 12 month BR order period, I find employment and start work, can the OR discover this fact if without my telling them ?
OR interview
Myself and my husband applied for BR on Monday which was approved on Tuesday so now we are waiting to hear from the OR. I'm absolutely dreading it. I know everyone probably does but I am currently suffering extreme ill health, physically and mentally including severe debilitating anxiety. Am I right in thinking, under…
SOA/BR form question!
Hi all Got another question to ask before pressing the button! I did a SOA then tweaked it a little for the actual BR form but the figures I put in still result in a minus of £145 approx per month between my incoming/outgoing totals. Probably a real daft question but should I do it so that they tally i.e. no deficit but…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Bankruptcy & living with it

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Bankruptcy & living with it

Category List

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free