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Living in a caravan
Bankruptcy is looming and when landlord sold our house we moved into our caravan to minimise expenditure. We are registered to vote at sons house but couldn't live with him as no room. Does anyone have experience of filing for bankruptcy whilst living in a caravan?
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MBNA have passed my debt on to Arrow Global
Hi all, This is my first post here so firstly, thank you for taking the time to read my post. So, I declared bankruptcy at the beginning of July following a long battle with mental health issues and a breakdown. This decision was not taking lightly and my wife and I sought help with CAB and the National Debt Helpline. My…
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pcp vehicle
I am in the process of declaring bankrupt but I have a car on pcp. I am up to date with those payments but wanted to check if I definitely will loose the car or is there a chance I will be allowed to keep paying for it until the pcp runs out, I understand that I would not get another pcp but the finance company (black…
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Wonga payment and discharged BR
I was BR in sept 2016 and then 12m later usual discharge - and no on going payments to make etc, it was a clean easy case. it all got written off. and part of this was wonga debt. and just been building up things with a better mindset etc after.. and doing fine after it. i was contacted by wonga and filled forms etc, about…
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How likely is the Court to force bankruptcy.
Hi All Some years ago I was in a financial mess after my business failed my sister died and my long term Partner left me and I just packed a bag and moved to Spain leaving behind a hotel which had a large business loan on it. ie £113,000 . I moved back last year assuming I may have been made bankrupt in my absence. This…
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Discharged! Now to rebuild
Hi all, We're both discharged!!!! Now, time to rebuild. I'd like to open a credit card to use and pay off in full, monthly. I'm still under BRU, so I think the limit of 500 pounds credit without informing the creditor still stands. My question is, a lot of the online applications just tell you the credit limit, you can't…
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post BR advice
hi all, I get discharged form BR on Friday 5th and wanted to some advice as to what next. I saw the sticky board thread and was a little overwhelmed with it. so can anyone help? what Dom I do regarding my bank acc? its a basic foundation acc at moment so do I request a change or will it happen auto? if so when? when do I…
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CAB recommending bankruptcy (SOA page 3)
I have been paying off my minimum payments and paying extra when I can afford to on all of my credit cards. I have never missed a payment. My ex is now wanting half an old loan paying which I cant afford to contribute to (it is in joint names and I understand that I am liable for this) This means I earn approx 13k a year…
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Bankruptcy help
Hi 1st post so please bear with me in got made bankrupt on the 17th of February,I had a dro but received a ppi refund which meant dro ended so with the money I received i paid bankruptcy fee and gave the rest of the money to family that I owe thousands too I never heard of preferential payment until the or said where has…
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Early termination fee
I am considering leaving my job and my car scheme at work has an early termination fee clause. I am worried they may take this from my final pay cheque, leaving me uanable to pay rent or bills or buy food. As a BR, can they do this?
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Need to go BR - Mental and Physical Health Destroyed
Hi, I have the following debt: 22k credit cards and overdraft nearly 3 years commercial rent warehouse with personal guarantee £2.3k a month nearly 4 years commercial van finance with personal guarantee £1k a month Have been running a business for about 4 years but mental and physical health been getting worse. Took on the…
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Property charging order following bankruptcy
I filed for bankruptcy in 2018 and am now discharged. I have today received a copy of a charging order application under section 313 of the insolvency act with regards to a property I own with an ex boyfriend. I haven't lived at the property in over 10 years, I haven't paid towards the mortgage in that entire time as he…
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Council tax
Hi I was declared bankrupt in May 2014 for 12 months until May 2015. I had a property that was handed to an LPA receiver until the property was sold in March 2015. I now have a council tax bill from October 2014 to March 2015. Am I right in thinking that as I was still in my 12 month bankruptcy that I am not liable for the…
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Bankruptcy effect on family
Hi all, just looking for some advice if possible. I’m currently in debt to the tune of around 21k and feeling extremely down about it. I’m paying of 5-600 a month in repayments alone, a lot of which is interest. I’m debating bankruptcy, but wondering what the impact will be on my family. I personally have no assets, no car…
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British Gas
I did have £200 owing to british gas (for usage, not non payment) so they increased my monthly payment a bit to cover my usage and pay back the £200. Today I've come home to a bill saying my new monthly payment is doubling and I'm £300 in debit. How does this work with bankruptcy when I push the button next month? Is the…
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Pension scheme Bust
Hi My Father paid into a pension scheme for 25 years and was then told they had gone bust. Is there anything he can do? Thanks Jen
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Bankruptcy and furniture
Hi, Do I put my furniture - tv / sofa down as assets? Is the OR interested in what these cost? Thankyou
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Bankruptcy, OR bank Accounts.
HI: I'm considering declaring BR. I need to know if I d not declare all my bank accounts to the OR, do they have any means of finding out which banks I have accounts with ? Is there like a central database of bank account numbers that they can access to discover such information ? I hope someone here knows the answer to…
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Swapping energy supplier
I’ve just made bankrupt and forgot to add my utility company. Once I do this, I know it’s very likely they’ll want to install a pay as you go meter. I desperately don’t want one installed. Has anyone been in a similar situation and swapped to a new supplier without having to agree to a pay as you go meter please?
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forfeiture clause
I was made bankrupt in 1995 and will turn 65 soon. I have found out that I was never discharged and that it was held open "indefinitely" according to the Insolvency register. I have no idea of, nor can I recall, of the reason. I have also found out that I have a works pension due which could pay out 18k tax free. The…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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