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Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

Post Bankruptcy advice please
Can my original debtors chase me for my outstanding debts following my bankruptcy discharge.
SOA/IPA Advice Needed.
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It can be possible to pay your IPA off early
Hi guys, im currently looking at getting a mortgage 3 years after going bankrupt and thought id let people know how it might be possible! Around a year and a half into my bankruptcy, my parents very kindly offered to pay my IPA off in one go. I contacted the OR and they agreed to it, and then told me in writing that after…
Letter From Intrum
I was adjudicated Bankrupt in January 2018 and discharged in January 2019. I've just received a letter from a debt collection company called Intrum. It's for an overdraft on a bank account and a credit card with the same bank. Both debts were included in the bankruptcy. Neither debt appears on my current credit report. My…
Declare partners income?
Hi, Do I need to declare my wife's income when completing an SOA and sending info off to the OR? We have NO joint credit anywhere (house in her name, no bank accounts or anything linking us, even TV is in my name only I think). She earns very well and concerned that a response may be something along the lines of "well your…
Will HMRC bankrupt me?
Following a failed spell at self employment (now in PAYE work) I have a tax demand for 10k I haven't got. I have a 12 year old car that I need to get to work (no other significant assets to sell), an overdraft, credit card debts and disposable income of £130/month. What are my options? I don't want to be bankrupt.
Expenditure
Hi could someone please help, I’m currently filling in bankruptcy form and could someone tell me if their is a guideline they have for different things shopping/toiletries/cigarettes etc many help would be appreciated
IPO advice
Hi everyone, I went bankrupt in May 2019, now on the home stretch. I wasn’t given an IPO (is that the right acronym?!) due to being on UC and having a small income from being self employed, we’re taking approx £200 p/m. I’m now looking for a change and would like to get a regular job again. If for example I returned to…
Debt sold after bankruptcy
Hello, please can any one help me with this query. I was declared bankrupt in January 2017. A debt was sold in July 2017. Credit file shows new company owning this debt but have marked it as a payment made April 2017 and then defaulted May 2017. I pointed out to them I was bankrupt in January 2017 and therefore didn’t make…
Restriction on title
Hi my friend is selling his property, there are two restrictions listed on his title. the title is jointly owned one debt interim order 2010 one debt I rerun order 2913 made final charging orders became insolvent 3 days before orders became final. My questions? is this nit valid because he became insolvent before final…
bankruptcy
I am in the process of getting ready to declare bankruptcy but wondering what to put on the form for who I owe the money to. Most of my debts have been moved on to debt management companies so do I put their name down or the original creditor. Also im not sure who manages a couple of my debts so not sure what to put on the…
Nearing discharge
Hi Everyone, I'm just under 8 weeks away from discharge. I've had no contact from the OR other than an email 10 months ago asking if I'd ever owned property. I'm wondering if this is usual? I'm aware I may be subject to a BRO/BRU and I'm unsure how long they leave it to contact you again? Many thanks for your help. Tom
Bank Accounts Post Bankruptcy Discharge
I'm due to be discharged from my Bankruptcy on 15th April and once I've performed the post BR credit file clean up, ensuring my old accounts are all marked as satisfied or partially satisfied with nil balances, I'd like to switch bank if possible. How have others found opening up a bank account post bankruptcy? Success /…
O2 failing to acknowledge my DRO
I have a fully discharged DRO (debt relief order). It was discharged in October 2019. Going through my credit report I have noticed that O2 still have my account open and defaulting. My contract with O2 ended in 2016. This account was definitely part of my DRO. I have contacted customer services many times and I have been…
will I lose my bike
Hi, If I go into bankruptcy will I lose my 'push' bike? It cost £420 - £470 about three years ago I think it should get around £200 on eBay [asking price second hand] I use it to visit people some 20-30 miles away - it's an off road bike - so getting another bike would cost at least the same amount [2nd hand] that can work…
Help! British Gas chasing debt ....confused!!
Hi all, I received a letter last week from British Gas claiming I owe them for outstanding Gas usage from 2014. Here is where I am confused.... Declared bankrupt May 2014, discharged 2015. The debt is from August 2014 to Feb 2015, however, this is for the property which was handed back to the mortgage company as it was…
Debt Solutions
Hi! This is the discussion thread for the Debt Solutions guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks :) ,
IVA or BR?
Hi, can you tell me what would be best in my situation? My job would be ok if i went bankrupt (i could still use my company car - i dont own a car myself - just put personal fuel in) Just I do alot of overtime and would lose all in BR but may keep sum in IVA it luks like Thanks Statement of Affairs & Personal Balance Sheet…
Please help Scared
I seem to have got myself in a horrible situation and just cannot see a way out without getting myself and my family into even more trouble. Ill try to describe my situation... In 2009 i borrowed 18k (24k repayable) i already had 7k on credit cards. i borrowed the money to buy a business. The business never really took off…
Letter from Insolvency Examiner.
Hello, In 2018 I bought a car off someone as I needed something for work. Now last week I have received a letter from a Insolvency Examiner saying they know I bought the car asking for the following: 1) make, model, registration. 2) how much I paid and proof. 3) proof I have ownership of the vehicle. I have no problem…

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Bankruptcy & living with it

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