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Rent Proof
I am about to submit for BR but worried about my landlord being informed. I have no rent arrears etc but my rental agreement only covered my first year and the landlord didn't want to pay for another contract so we just carried on paying. I am worried that the OR will want to contact the landlord. I can provide a copy of…
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Bankruptcy, when should the creditor default date be
Hi all,This year has gone around a lot quicker than I expected, tomorrow is my discharge date and as such I am starting to look into the process of the credit cleanup. Reading the following (from the StepChange website): Does this imply that the final defult marker from creditors on my credit report should be no later than…
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Renting Expensive House, will OR make me move
Hi All, Will have to file BR very soon, if my health lasts that long. Trouble is i'm in a 4 bed house, my GF and her daughter were staying here but they have moved out as things are going belly up. I'm guessing OR will make me move. Rent is £2400 p/m and my wages are £3400 p/m so i could afford it in theory but OR will…
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Likely IPA Amount
I've just completed the StepChange calculator and calculates that once I've have paid my priority household bills, you have £ 228 available each month. This includes £255 of PIP income every 4 weeks. I've not included private treatments, such as chiropractor and massage which is pretty much what I use my PIP income for.…
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SOA query
Hello, This is my first post, I have filled out the bankruptcy forms ready to send on the 20th. I get paid then so I will pay rent and withdraw cash but wanted to know two things before submitting. Firstly I live with my partner and one child, second on the way. We both work and split the bills so I have always paid the…
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Post Bankruptcy advice please
Can my original debtors chase me for my outstanding debts following my bankruptcy discharge.
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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…
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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…
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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…
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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.
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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
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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…
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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…
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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…
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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…
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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
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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 /…
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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
