-
Bankruptcy and salary sacrifice car lease
Note: I haven't declared bankruptcy YET My work does a salary sacrifice scheme whereby I can lease an electric vehicle. Note lease, not own. As my current car is leaking and ancient I'm considering doing this which take maybe £400 out of my monthly pay before tax. Would the OR have a problem with this? (Would they even…
-
Debt in the UK when living over seas
I am originally from the UK and moved to Canada back in 2018, I had a property in the UK (sole owner) still but it was in negative equity so i rented it out with the hope that things would improve. I am now finding myself in a position where i can no longer afford to pay the mortgage payments. I have been informed bu the…
-
Advantis want to review my payment
I have yet to make a payment on my NT and council tax ipa and Advantis want to review the payment set up with the OR. They are insisting I provide my last two payslips but I pointed out that my UC was going to be reduced as a result of the NT tax code so that needed to be factored in. Is this normal? Is there any bonus for…
-
Utility, council tax and other debts included in BR?
We have been told to concentrate on priority rent first before anything else so have been doing that since the pandemic. we could just about scrape together the rent every month but have not had enough left over for utilities, council tax or any other bills at all actually. The end game in bankruptcy as with so many these…
-
Owed money in bankruptcy
I'm owed some money in a bankruptcy over £10k i'm a single mother who did a friend a favour and it backfired majorly. The person has delayed this for years, keeping their expensive house, car & international lifestyle going. They owe over a million and it's finally come to the crunch. A relative has bought out their…
-
Default Notice Timeline / 2 Months Breathing Space
In your experience how long does a default notice was issued from the first month you missed a payment? The reason I’m asking because I want to trigger the 2 months breathing space after getting the default notice because I’d engaged a solicitor to recover some money from the scam but it will take an average of 8-9 months…
-
When will my CRF be clean?
Hi everyone, I live in Scotland and filed for sequestration with the Accountant in Bankruptcy in 2018. This is the notice on my Transunion file via Credit Karma, can anyone tell me when this will finally be off my file? regards, M
-
Backdated PIP lump sum
I submitted my pip review in January and I have a interview date coming up but I went bankrupt in September. I am expecting an increase and some backpack. Will the OR take any lump sum even if it is paid for my disability?
-
NT tax code and UC
I am about to have my first pay with the new tax code. The new code means I will show an increased income which will reduce my UC payment. I only have a nt and council tax ipa. Do I still have to report this drop in income drop when it will make no difference to the ipa I have?
-
Bank Accounts
I’m getting prepared for bankruptcy and am wondering whether it’s better to set up a bank account just before or do it after? Which bank account is the best I have debts with Barclays, nationwide and the coop. Any suggestions ? Thanks in advance
-
Coast Finance removal of charge
Hi, I am pretty desperate, I have sold my property, but the solicitors have found a charge that was originally welcome finance and is now Coast Finance. I have evidence that this was settled, but the charge was not removed and I now cannot trace any contact information for Coast Finance. What can I do? as we need to…
-
Buying things for my bankrupt relative
Hi there Just wondering, I know that it's problematic to buy physical things for a bankrupt relative, or to give them money or cash, but what about if I pay for services for them, for example private medical treatment or a holiday? Is that safe? Thank you!
-
Money back after discharge of Bankruptcy
Does anyone know if its normal to get money back after being discharged from a Bankruptcy. My elderly mother was conned out of her life savings and ran up large credit card debts while the man who stole her money kept telling her he would pay her back. She declared herself bankrupt when i found out what was going on. This…
-
Bankrupt - British Gas Ignoring It
Not sure if this is in the right place. I recently went Bankrupt and all my creditors bar british gas have acknowledged it and taken the relevant action. British gas say they havent received the 2 notifications from the insolvency service (yet all my other creditors did). I have web chatted with them 3 times, they didnt…
-
Bankruptcy
Hello, I’m currently looking at bankruptcy as my only option, I have a lot of debt from an abusive ex partner. Anyway 1st question I have a car, I’m not sure how much it’s worth but I use it to drive my kids to school and for my university and placements so will this be taken off me? I read that they can give you money to…
-
Car Finance
Bankrupt in Jan 2018, discharged Jan 2019. Should fall off my file in Jan 2025. Debts were from crash in 2007, family building company went to the wall. I was never that annoyed by letters coming in that was all credit card companies. The big money was owed from the business to the bank and they never said much about it.…
-
Old Bankruptcy - when to CCJ, still being hounded 14 years later
Hi, I declared BR and sent notice to all the companies back in 2009. I got very little feedback from all the companies at the time (Northern Rock for example). I noticed at the time some of the debts ended as a CCJ but ignored it all at the time. 2/3 years ago I was credit-checked and a company is sending letters and…
-
Coming into some money after my discharge
Hi, I declared myself bankrupt back in July 2019. I was discharged as normal a year later in August 2020. I have been making my agreed payments to my trustee and everything has been going fine as far as I am aware. I am due to make my last payment to them this month. I am needing some advice as I am due to be paid some…
-
Sequestration recalled - what now?
Hi, I was sequestered because of one debt. I paid this debt and it’s been confirmed it’s ‘recalled’. when I have Googled how long after sequestration can I open bank account, apply for credit etc. but is the situation any different for me because my debts were paid off, nothing was written because of the sequestration. I…
-
Mortgage transfer after bankruptcy
I was declared bankrupt in 2014 so my 6 years is well and truly over and my experience well in the past... I've just received a letter to say that my mortgage (that was included in the bankruptcy) has been transferred to another provider (NRAM to hessonite). The letter is not a demand for money but does give their account…