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Surplus of Funds question
Hi everyone, I`ve received a letter, apparently from the Insolvency Service, telling me that the Official Receiver has now completed the administration in my bankruptcy which took place back in 2007. They are saying that after payment of the creditors there remains a surplus of funds on the account and that these will be…
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Car valuation
Could anyone advise the best site for getting an accurate valuation for my car? I have tried a few but there is a huge variation between their valuations and they don't allow for much detail re condition (I have a car that could be valued a little in excess of £1k but damage and faults mean it's worth very little). Thanks
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IPA (Yearly reviews?)
Good Evening, Currently going through the BR process, all forms filled, Interview concluded mid Feb.. I will have an IPA but was wondering how often these get reviewed? If I was to have a sudden drop/ raise in wages.. (I'm a lorry driver and depending on the job hours) I can't find any details.. once an IPA is set up, is…
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Pension after Bankruptcy
I’m due to be discharged from bankruptcy on 15th April. Can you tell me if I’d be allowed to take early pension it will be a lump sum and a monthly payment of a pension. It’s a civil service pension and as I’ve now turned 50 I’m allowed to do this. Are there any restrictions on this? Do I have to wait so long after…
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I've done it... thanks
Evening :) Just thought I'd share that I finally submitted my application on Friday and my bankruptcy was approved yesterday. I have my telephone interview tomorrow, eek :/ Thank you to everyone on here as reading through old posts has helped so much and will no doubt help many others. A question to anyone who has…
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HMRC contacting work
Hi, I was declared bankrupt on 20th of February. I have just today received a letter from HMRC saying because it is too late I won't be on a NT tax code however they are going to contact my employer to find out the tax I paid from 20th of February to the 5th of April. They will then take this from my pay to give to my…
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Advice please
Hi, My partner will not discuss his debt problem with me and keeps telling me that he is 'dealing with it'. However, I have seen a letter from HRMC stating that a court date in July has been arranged for him to be declared bankrupt owing £27k. I don't know what the implications are and how it will affect me and my family…
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Default
Hi guys. I had an overdraft with BoS for numerous years. The arranged amount was for £2200. It went into unaarranged to around £2293 I hadn’t any payments for 2 months on the account then i brought the balance to £2190 which was back in the arranged amount. The following day they placed it in default. I had no prior…
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Tax code
Hi, was officially declared bankrupt 10th March, had my interview with the receiver all went well. Have just received my March salary a lot less than expected with a tax code 6T/1 on it. Payroll have advised my tax code for April is 250 T. Are these codes linked to the bankruptcy at all? Anyone know what they mean or is…
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Adverse mortgages
Hi, I have been building my credit up and was planning to buy a property in July using Bluestone as I have adverse credit. I have just looked at their deposit requirements and rates and they have just gone through the roof!!! Is this down to the virus and does anyone think it’s a temporary thing? Or are we looking at hefty…
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Bankruptcy Fee Remission
Hi all Can I claim back the Court Fee for my Bankruptcy application? I thought I could and sent off form EX160 to the Court at Darlington. They've sent it back with a compliments slip stating:"This Court does not deal with Bankruptcy. Official Receivers Office matter." Can anyone advise? Many thanks!
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Furlough
I have been placed on furlough and my employer won't pay me my wages until he has received the grant himself from the government. Is this correct? Or does he still have to pay me the 80% and then claim?
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What now?
I have just received notification that I have been awarded a grant to pay bankruptcy fees. I have filled in the online application however I am holding off from finalising until after Friday as I have a (very small but very needed) amount of money going into my account as I know my account will be frozen. What is the best…
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Trustees to issue proceedings
I posted last year
about the fact that the trustees in my bankruptcy changed 8 months ago just
over 2 years into my bankruptcy Since that time I have been in contact with the trustees
because they have overvalued my equity in the family home significantly (as I've also previously
posted about) to date they still will not…
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Income Tax IPA
I was declared Bankrupt in August 2019, I had a letter in Febuary asking me to sign an agreement for £96 a month for 36 months and £137 a month income tax from august to April, I got in touch with the OR as my income had dropped by £220 a month and told them i wouldn't be able to sign, since then i'v heard nothing, do they…
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Bankruptcy - Partner Furloughed, I'm about to drop to SMP
Hello I've lurked for a while and read pages and pages about people's experiences. My partner works in a pub and has been furloughed due to Coronavirus. He thankfully has no symptoms, but the pubs had to shut. 80% of his salary will be about £200 a week, we are unsure when he will even start to get that. He was due to be…
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Golf Club going bust
Hope I'm in the right group. I am a member of a Golf Club (It's a Members Only club, not a commercial club). Membership fees are due 1st April. There is a real possiblitity that the Club may fold, due to members (incl. me!!) not paying fees due to Coronavirius and it's possible impact in the near future. The club is asset…
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Bankruptcy or DMP
Over the last few months i have struggled to pay a bank loan to Lloydstsb due to my hours been cut at work, i contacted CCCS after a long chat with a lovely lady she suggested i go on a DMP or go bankrupt. I owe just short of 9k to the bank and just short of 2k to a catalogue. I am not sure which will be best for me, she…
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Insolvency office
You might already know this but all insolvency offices are shut due to the coronavirus outbreak if you need to contact anyone you need to email the office that dealt with the bankruptcy hope this helps stay safe and well
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Where is my bankruptcy viewable 3 months after discharge
Hi All, I’m aware that 3 months after discharge my bankruptcy will be removed from the insolvency register. I don’t or have never owned any property. So my question is, after the 3 months following on from discharge, where will my bankruptcy be visible for people to see? Would it just be in the gazette archives and on my…
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
