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Considering bankruptcy
hi, this whole Coronavirus impact has made me lift my head from the sand and realise I can’t carry on like this my debt just doesn’t seem sustainable, I’m a single mum, 2 children. I work part time and owe 30k in loans, cc & catalogues. I was depressed after my divorce and I think I just got in this mess trying to carry on…
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From an IVA?
Hi. I just need a little advice. I know it could be completely the wrong time to be thinking about this too. OK a couple of years ago I got into bad debt through payday loan cycle and gambling (which I got under control now) so took out an IVA. I pay £152 a month and they say I have at least 2 years of monthly payments…
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Council Tax liability order
Good afternoon I went BR in Feb 2020 and subsequently my attachment of Earnings for CT was stopped for the remainder of the financial year. I received a letter from the district council saying they have submitted a claim to the OR for outstanding council tax for 1 April 2018 - 31 March 2019 and 01 April 2019 - 31 March…
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Bailiffs
This is my first post so apologies if I'm in the wrong area. My son who is 27 has built up a lot of fines through the court for unpaid travelling without ticket fines. He didn't stick to the payment plan made by the court so a bailiff was sent to my home where my son lives. The bailiff was 'invited in' by my unsuspecting…
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tax return in bankruptcy
hi does anyone know if you still have to complete a tax return when bankrupt. i have until 31 october to complete my tax return but obviously no money to pay my accountant to do it. if it does have to be done would the or release some of my money to pay the accountant? by the way i was made bankrupt in august.
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: How's your experience been with a DRO? by elsien
26 August at 8:45PM
