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Timescale
So just in process of applying for BR online, can someone please advise me what happens from here and timescales etc as a bit unsure. I think my SOA will mean no IPA for me as I do not earn enough being part time. Thank you in advance
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I'm in real need of bailiff advice
Il try and keep it as short as possible. I moved out of my old rented house 2 years ago and my landlord had someone else lined straight up. They have recently moved out so my old house is empty. On friday of last week my old landlord phoned me iv not heard off him in 2 years so I thought it to be strange. He said hed like…
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Going bankrupt with benefit fraud debt
Hi, I’m new here and is desperate need of help. 7 years ago I left my abusive ex husband. Throughout our marriage and relationship I claimed as a single parent. This was due to me having zero financial help from ex and him taking whatever I was getting. I was in an awful position, my mum had just died (I was 19) and I was…
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Mortgage 2 years since discharge? (3 years since BR)
Hi everyone, I was made BR on 31st December 2016. Me and my partner are now looking at buying a house and are going through a mortgage broker who thinks he may have a lender who will consider us with a 20% deposit. Just wondered if anyone else had been successful with a mortgage application only 2 years after being…
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Bankruptcy Vs IVA
Hi there, am confused as to what my best option. I've given a brief overview of my situation below and hoping people can advise. Approx £25k of debt. £12k of this is ex business debt transferred to me under a personal guarantee taken out at the time £13k of personal credit cards. I am effectively unemployed at the moment,…
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Its all gone wrong
Hello! Im new here and sadly have to start off in this section, but hey ho :( A background on myself. I currently run a struggling online retail business, which started in 2010. Since Sept/Oct everything that could go wrong seems to have, from a huge robbery in Oct to major system issues in Nov and poor Christmas sales due…
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Issue with appointed Trustee
I became bankrupt in October. The Insolvency Service have appointed a Trustee which I need to appeal against as he was involved and paid for previously by my company which went in to administration. It appears there is conflict of interest. Is there an official body I can write to as this Trustee is causing me undue…
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Appeal IPA
Hi, I have been bankrupt now for 5 months and today recieved a letter stating that from next month i will have to pay in £96 a month to an ipa agreement for 36 months, when i submitted my soa back in august it had quite a large deficit in it, is there away to find out what they have not accepted and why the payment is so…
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SOA Help Needed
I am about to file and need any support possible with my SOA which I have partly completed below so far. Background is that myself and husband have separated but he is still living with me and our children as we can't afford to live separately at the moment and also wants to be close to children for the short term. We pay…
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Student finance and bankruptcy
I have a few questions about bankruptcy. How will i know how much i will need to pay over the three years? when i filled the forms it it didnt say an amount to pay. Also i receive a student loan, will this be classed as income at all?
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Home Insurance
I was made bankrupt at the beginning of October this year. Just trying to renew our buildings and contents insurance but when applying with ASDA home insurace my wife was specificly asked if either of us had been declared bankrupt. When she told them that i was bankrupt they said they couldn't offer us cover. What's that…
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Being chased for debt from 29 years ago
Hi, can someone help please? I received a letter from a tracing company just before Christmas and when I rang them, it was for a debt collection company. They couldn't give me any other info apart from the contact details to get in touch with the debt collection company. I rang them straight away and they are chasing me…
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Pre bankruptcy joint account questions
On Tuesday Barclays Bank removed my name from the joint account I have with my abusive ex who was refusing to sign to remove her name. It used to be my sole account years before we met. Barclays said this was the best solution. On the bankruptcy application I obviously have to put in the details of the account as I had it…
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Soa
Hi All, will be starting the BR proceedings in the next month or so, this is an SOA based on mine and my wifes income, Monthly Income (after tax) 1853 Partner's Monthly Income 1100 Benefits 0 Other Income (e.g. maintenance payments) 0 Enter your monthly expenditure Amount (£) Mortgage payment (from secured debt table…
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6 Years On...
Morning All My BR was 10/12/2013, so last Tuesday was my 6 year anniversary. Last weekend I was notified by Equifax that there'd been a major change on my credit file. In a panic I logged in, but found that my BR record had been removed from my file a few days early!! :j Today all my BR creditors' files have dropped off my…
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5 months in.
So I’m 5 months into BR. Life is so much better, I no longer get letter after letter and phone call after phone call! Couple questions tho. I’m still getting a annual statement sent? Is that normal? And when will my credit start to improve? Ie when will the defaults come off?
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Link to SOA
Hi I want to complete a SOA to get advice before I file as I don't think I will need to pay an IPA as it's very close and would like to try and avoid it if possible. Can someone post a link for the SOA so that I can complete and post. Also my ex husband (still married but separated) is still living with me and our children…
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Possible bankruptcy
Hi. Has anyone gone down the bankruptcy route and come out the other side? A bit of a back story..... We have been stupid with money so I’m aware it’s entirely our own fault. Spoiling the kids too much etc and living beyond our means then hubby lost a well paid job when I was pregnant with number 3 and the only job he…
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D-Day! what now?
My bankruptcy discharge is today! This time last year I had a sense of relief that I had been declared bankrupt, but I was also filled with dread about dealing with the OR, wondering about an IPA (I didn't have enough income to contribute to one in the end), worrying about my bank account and wondering how I would cope in…
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Possible Bankruptcy SOA
Hi, I posted yesterday on the DRO part of the forum until I realised with certain debts I have entered on the StepChange as extra expense I do not qualify for a DRO. Since seeking further debt advice I have been advised to either hold off my debtors and asking them to freeze interest and waiting for my universal credit/CTC…