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IPA and bank statements check
Hi all, just quick one ! If bankrupt has calculation for expenses , and let’s say, it has been allowed to keep £1000 to pay for everything, and IPA set up for rest £200, official receiver can /have a right to check bank statements and to say-you have said you spending too much on food, for example? my point is if there are…
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Account marked as Bankruptcy - what should I do?
Hello all A bit of a long one, so please bear with me. In 2014 I entered into an IVA due to mounting debt (my own fault) and an inability to keep up with repayments. Around 6 months later due to a worsening financial situation, my payment failed and the IVA was cancelled. Since then, most of my creditors have got back in…
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Court order
Hi all, and thanx in advance for your help So I had a charge against my home by my previous business partner. I managed to get a court order for its removal. Hunky dorey. I submitted it to land registry, but the other party is appealing it. It’s been almost 3 months since I submitted it, and land registry will tell me…
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Trust Deed Ending
Hi, I'm currently in a trust deed which has three payment left on it, but i'm struggling getting any meaningful information about what happens when i make the final payment. The company administering the trust deed has changed at least three times during the term and the current ones are the least helpful. I've asked three…
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Business accounts for ex-bankrupts
Hi all, haven’t posted for a while I was discharged just over 2 years ago from bankruptcy I have recently incorporated a limited company and i am looking for banking services, both banks i have spoken to (barclays and starling) have said they do personal credit checks (expected) and this may impact whether they accept the…
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Notice of default?
Hi My Bankruptcy was approved in August, then this month a received a letter from Yorkshire bank saying I was in arrears by £13.42. They have given me 28 days to pay this. I spoke with someone at citizens advice, that told me to ignore it. I’m paranoid that someone will knock on my door wanting the money. I’m not sure…
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I do not have the £680 to pay fee for bankruptcy....
Hi All £27,000 credit card debt and no money to pay fee of £680 to declare bankruptcy.... My life turned upside down when my 44y old dear Wife got diagnosed with grade 4 incurable brain cancer called Glioblastoma Multiforme in September 2011. She was given a life expectancy of 15 months. She is still alive 8 years later…
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IPA and Nil tax code
Hi I went bankrupt in 2010 I have now out of the blue received a Tax Demand for over 4000.00 pounds. The HMRC will only tell me it’s in conjunction with my Bankruptcy. I paid the tax from my wages straight on top of my IPA as instructed by Moonbeever and the OR until the following April when my Nil Tax code reverted to…
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A Right Mess
Posting on behalf of a friend, My friend has suffered from BiPolar for over 20 years,,, During this time she has been Bankrupt twice, both times her credit record has cleared and then she has had almighty blips and got her hands on Credit Cards always meaning to not go into debt but she does, This time she has maxed out…
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account type
After completing a scottish trust deed, is it best to change a cash account to a current account if you are needing to apply for credit to repay a home equity loan?
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soa food allowance reduced
Hi all, I went to bankruptcy 2017 , 2018 I have been discharged,my IPA has been varied on times when I had lower paid etc, that’s all right and went smoothly. I have informed my usual officer I’m not single anymore, he was off so his colleague has ask me new details etc, but biggest my shock was she reduced my+16y…
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How to block phone access to gambling websites?
Hi all, I hope this is the right forum to post this in. (Please move if not.) I have a family member who is addicted to gambling. She knows she has a problem and wants to proactively combat it. She doesnt have a computer but can obviously use the internet on her phone. We've discussed getting her a 'dumb' phone, but she…
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Applying for a credit card after bankruptcy
I'm looking to rebuild my credit score as fast as possible. How soon after being discharged can I apply for a credit card (I'm looking at aqua and vanquis) Is there anything else I need to do after discharge to make the process of applying for one as problem free as possible.
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IVA Advice
I've just started an IVA and have a PCP on my car which isn't included in the IVA. In just under 3 years a balloon payment of £3200 will be due on my car but as I'm in an IVA I can't put money away otherwise they will take it to use for my creditors - so how do I save for the balloon payment?
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Bankruptcy and business insurance
I was bankrupt about 10 maybe 11 years ago. I was discharged fairly quickly just a matter of months. Now I run my own business “dog grooming” from a parlour in my garden. I need to get my parlour and Business insured. Do I have to tell The insurance I was bankrupt all those years ago? Thank you for the advice
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Council tax and bankruptcy
Hi all I am about to submit my bankruptcy petition. I am behind my council tax debts by six months. If I go bankrupt, will the council chase my husband for the payments ? The property belongs to me. Thanks
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Buying a used car while Undischarged?
Just a quick query. I'm an undischarged Bankrupt on IPA for three years. I'm only about six months in to Bankruptcy but with what disposable income I'm allowed to keep, I've managed to save enough for a small used car. Around £600 or so. Just a run around for shopping etc. But I can't find anywhere online that advises if…
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Will they sell my home
I jointly own a house with my husband. My husband has a HMRC debt which we have offered to pay back monthly but they rejected, we then applied for an IVA which they also rejected, they have now made my husband bankrupt and we have been told they are going to sell our house to get my husbands half of the equity. We have 3…
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Looking to rent
Morning everyone. I'm 2 years post discharge and looking to rent my own place for the first time (small studio in a popular town). So far I've been renting rooms privately but I want my own place. I know my credit history is going to write me off with estate agents, but is there a chance I could pay e.g. 3 or 6 months in…
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Bankruptcy Newbie
Hi all, The other posts on here have been a great help, but I still have a number of questions about filling for bankruptcy that I'm hoping someone can help me with. I've just been on the phone with the national help debt line, and she's run through a lot of stuff and pretty much said that bankruptcy is my best option. I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.1K discussions
41.1K comments
Most recent: Help/Advice pre DRO by topbiscuits
4 December at 5:19PM