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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…
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SOA and buying tools for my trade and other professional costs.
As im self employed working in the construction industry where on the SOA form do I enter monthly tools for my trade,accountancy fees and other professional costs ?
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Engagement Ring
Please could anyone help In September I bought my girlfriend an engagement ring on interest free finance, could anyone please advise, if I go bankrupt would I need to return the ring? I haven’t proposed yet so it’s still in my possession. I pay £38.00 a month and when I checked my credit file last week, the finance…
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Adding Bankrupt partner to account
Hi Looking for some advice please? My wife went bankrupt and came out her first year in January. Up to this point we have never had any financial ties and I have a good credit rating. Now that we live together and she has come out of the bankruptcy, recognising it is on her file for 6 years, it would be practical to have a…
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nearly discharged and best decision ever!!
hi all I am currently 3 weeks away from discharge from BR and honestly say its brilliant for me, all the stress gone. I was first looking at an IVA due to not understanding the processes and was quickly hounded by several Iva firms trying to convince me to go with them. a chance conversation with a solicitor next door…
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Do I tell my creditors?
I've taken the plunge and filed for bankruptcy today.. I'm currently receiving calls/letters daily from my my creditors for missed payments.. I have answered one call but refused to confirm my identity as the bank couldn't prove it was them that was calling.. (I'm sure it was though) Now should I contact them and say I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
