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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…
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Income and Expendure for IVA- please could you take a look?
Hi, I've attached my income and expenditure form for my IVA.I owe £36,000. My form is solely for me and contains only my income and 50/50 of joint costs as we pay them. I've put my costs as 'normal life' costs, not corona costs! I have a family of four- my husband , a 13 year old boy and a 6 year old daughter. Can you take…
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Bankruptcy & Inheritance
Hi I was discharged after 6 month from my bankruptcy in January this year after going down the minimal asset process . My mum is elderly and with all this virus saga she wants to sort her finances just incase she catches it 😟. She wants to give me my inheritance sooner rather than later but I am not sure how this would…
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Ppi refund company
Evening people hope you are all safe and well quick question just been informed by a Ppi refund company that I will be getting a refund i know this money has to go to or but now worried about the fee from the refund company can this be added to my bankruptcy even though its been accepted or will I have to pay out of my…
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Tax credits debt
Hi guys, I'm now 2 years post bankruptcy and everything is going great , there is light at the end of the tunnel. A friend of mine is considering bankruptcy and asked if a working tax credit debt would be covered in a bankruptcy. She is married and they were over paid and have been paying it back. Would it be covered in…
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house sale dilemma
Hi all currently stuck in a dilemma i'm going down the BR route have 20k around my neck long story short we have had our house for sale for 12 months and finally took an offer all being 10k under its valuation and 3 CCJ. The property is a shared ownership scheme we own 50% the HA wont buy us out It is currently all with…
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Bankruptcy question
Me again, I filed for bankruptcy on Friday and it was approved today. It says I should only spend for day to day living but I have my sky, water and phone bills due out tomorrow is it still okay to pay these?
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NT tax code
Hi all Some months I dont pay any tax and other months I pay about £40 (depending if it's a 4 or 5 week month) so if they put me on an NT tax code when I go BR next month will there be a way of me knowing how much tax I would have paid that month? Ie is it marked on my pay slip or something? Thanks
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Council Tax AoE and other stuff
Good afternoon, I have been having a long drawn out debate with the lovely man at my local Council office with regards to an Attachment of Earnings order I had with them. Now, I went BR on 12 Feb, an AoE payment went out of my Feb pay, it was sent on the 13th Feb and subsequently received by the council on the 17th Feb.…
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Natwest Contact less card
Hi. I've downgraded my natwest account to a basic select account with no overdraft before I start my bankruptcy. I've seen other posts saying they wont let you have a contact less card when your bankrupt. Is this true? Should I order another card before hand so I can still access my account? Thanks
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Confused about calculations of income/expenditure, and shared liability for my own debts with wife?
Hi! I have posted here before briefly but that was very early into the journey of seeking help. I have now had my 3 meetings with CAP who have proposed a budget based on household income/expenditure, e.g. my wife's income and my student bursary/maintenance loan. An important note here is that all debts are mine except for…
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Help please........IVA or BR for me please.....
Hello everyone, Please can someone shed light on this dilemma. not sure what debt plan to go for I earn about £541 extra a month and then often £300 a month in irregular overtime for NHS and I have to do it! And thats ok...but id keep some in an iva....so.BR or IVA..:) thanks [font=courier new][b]Statement of Affairs and…
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Off Set and Sequestration
Hi, I got a company to pursue some ppi's I had with RBS - some from over 20 years ago. RBS have come back with about £7k of offers.The PPI company get 10% (I know,I know ! ) I received a letter from RBS this morning saying they were going to pursue/look into offset because of my sequestration.My bankruptcy/Trust Deed was…
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Sale of Repossessed Property
The
Bankruptcy Trustee announced last month that at long last they are
going to sell the two houses which they have been letting on behalf
of Mortgage Express. Although I have an alert
on Zoopla and I've looked at several Auction Houses I can't find them
advertised anywhere. Do Bankruptcy Truistees
have some sort of Estate…
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Spending money before bankruptcy for repairs
Hi - I am preparing to file for bankruptcy in the next month or two once I have saved the money to submit - however our shower has just packed up and I was wondering whether I could use some of the monthly excess £ (as not paid my creditors this month) to replace the shower unit. Approximate cost to replace and fit is…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by fatbelly
5 September at 9:36PM
