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IVA help please
So, I’ve been a bit silly. After losing my father suddenly I had a bit of a mental breakdown and managed to get myself into 20k debt over a couple of credit cards and a loan which I took out before he passed away. My circumstances changed very quickly and I found myself falling behind with payments. I did an online thing…
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Bankruptcy, IPA, TAX - HELP!! :(
Hello everyone. I am new to this board, maybe someone can help me :) . I went bankrupt this year and did not have enough income to have an IPA but the OR did say I may be chased in about 4 months time to see what my situation is, apart from that everything else was a little vague. I have received a letter which I need to…
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Employment and Insolvency/ Bankruptcy
Hi all, Posting this here as I am hoping someone will know. Once you have been discharged from being insolvent or bankrupt can you work in crime prevention roles either publicly IE police or privately with companies such as banks, payment processors and companies that work with other companies regarding corporate crime…
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advice - no longer req
Apologies I’ve removed my post
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How long for BR order to be granted
Hi everyone, I submitted my BR application a couple days ago and just wanted to know how long it took for people's to be granted. I have no home or assets so shouldn't be too complicated. I only ask as I've got creditors including enforcement agencies now chasing me for the debt and I don't want any showing up at my home…
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IPA after discharge date
Due to be discharged 25/02/2020.
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Taxi driver
hi there everyone , im a ph driver also looking at going bankrupt . I have about 20k debt and I own my own car worth about 5k will they try to take this off me … can anyone give me some advise plz
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Debt free at last
I've seen
a few of these posts over the last year so thought I would add my story to
hopefully give others some hope. First, a year seems like forever when it's in
front of you and a week when it's behind you! After
much deliberation and thought I declared myself bankrupt on 18th February 2019,
debts had been eating away…
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nearly ready to go Bankrupt, any taxi drivers out there
hi just got off the phone from cccs waiting for a call from the bankruptcy support team, really going to go bankrupt. Scared to death for various reason s like the loan I took out a few weeks ago to live on when my tax credits stopped, was going to repay it from my whip lash money but advised not to as can also be seen as…
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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…
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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.
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
