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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?…
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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…
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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…
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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…
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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Should I get an IVA? by Bunnyburrows1968
30 July at 9:31PM
