We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

can anyone advise...
my ex husband went bankrupt in 2015, discharged in 2016. The house was the only asset so this went, his business was protected as made into a ltd company 10 months before being petitioned for bankruptcy, he only has one share in said company the rest were given to his parents. They took over the day to day running during…
Council tax and tax query
Evening all! Just a quick query, when i spoke to a lady at the insolvency service who went through my expenditure with me (was a different person to my OR) she said that my council tax payments would be stopped for 3 months and also i wouldn't pay any tax, i'm sure she said i didn't need to forward the payments on to them,…
Help!!
Hey ii am new to this forum. Trying to build up the courage to file for bankcrupcy. Both me and my wife are in a major crisis so we would Both have to file for bankcrupcy. Would we have a ipa put in place. I will submit my soa. Thank you Household Information[/b] Number of adults in household........... 2 Number of…
Ex partner Bankruptcy and shared home
Hi. My ex partner has defaulted on 3 debts now. 1 credit card at £8600, 1 at £1500 and an unpaid bill of £120. I didn't know about them until i tried to remortgage the house we have as we had split up and i was going to leave. The mortgage advisor said her credit card is at stage 6. I'm not too sure what that means. How…
Soa
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 1 Number of cars owned.................... Monthly Income Details Monthly income after tax................ 1468.69 Partners monthly income after tax....... 315.04…
Advice please
Recently declared bankrupt, has been going through for the last couple of weeks.I have a basic bank account with santander that has a top up debit card, i naively thought that as it is a basic account with no money owed to santander that it would be ok, but it seems that they have frozen the account, im now left with no…
Credit card
Could any body advice once out of Bankruptcy which is best credit Card to apply for?
Mortgage after Bankruptcy - hope after the crash
Hi all. First post here, but I've read threads on this forum over the past 18months and I promised myself I'd write a post if I ever had good news to share which hopefully might give someone else hope. Long story of course... Some years ago, due to massive losses as a result of the economic crisis and our family…
Advice on Allowances?
Hi All Am attempting to build a budget to present to the OR in preparation for going bankrupt at the end of the month. Is their a reliable source of allowances for living expenses. I've downloaded the spreadsheet from the insolvency service website which is vague putting it mildly! I am not out to max out the allowances…
Bankruptcy and Will
My brother went Bankrupt in June 2019. My question relates to my mum's will. She is only 72 and is unlikely to be going anywhere soon however her Will currently names both myself and brother as beneficiaries (of a very small estate). If she were to pass away before my brother is discharged, would the OR take any money to…
IVA or Bankruptcy
So confused as to what to do. I owe £27,000. I’m a teacher who has handed in her notice as I can’t take the pressure any longer. I’m registering for supply teaching and have secured a permanent 1 day a week. This income is obviously as hoc, so I can’t prove regular income. I’ve done calculations that say I’m entitled to…
IPA and moving in with partner
Good morning, So I have been discharged from bankruptcy 2018 November. IPA has been set up for 3y. Amount is variable as sometimes I do less hours than usual etc, my OR is absolutely brilliant and very helpful. I’m single with one teenage daughter but in nearest future planning to move in with partner. I know my bankruptcy…
BR and Council Tax Arrears
Firstly for context I will be submitting the bankruptcy application on or around Sunday 2nd or Monday 3rd December. My local council in their infinite wisdom have decided that I haven't paid my council tax properly (I was £12 in arrears) and as such cancelled the payment agreement to pay monthly up until the end of the tax…
Advice needed
I was awarded sequestration (I’m in Scotland) 2.5 years ago, discharged 1.5 years ago. Looking back I think I naively went ahead with the sequestration as I was so in debt with no way out and thought it would be the answer to all my problems. It wasn’t. 2.5 years on, I want to get on with my life but everything from…
Pension Bankruptcy before 2000
Here is the basics: I started personal pension plan in 1988. Due to good old 15% interest rates I gave up my house and took personal Bankruptcy in 1998. I submitted everything to the official receiver including my pension. 3 years later, bankruptcy ends and my pension documents and bank accounts returned to me with no…
Finally Going Bankrupt
Hi All It's been a long time since I've posted on these boards as me and my partner decided back then (about 4 years ago) to try and fight our debts with a DMP. Due to a rather disastrous 12 months (my wife's freelance earnings declined dramatically and also we got served a section 21 notice and had to move house…
Query
Creditor threatening stat demand for debt. I have asked for confirmation of the debt as what they were asking for was more than the original debt. They hsve replied but the interest is extremely high that they have added and as t&c says only 3%above boe rate, it seems high. So i am disputing it again. However, what are the…
Cabot
Hi I was made bankrupt in august and today recieved a letter from marbles saying they had sold my debt on to cabot, included in the envelope was a letter from cabot saying that they have brought the debt and are now responsible for managing my debt, it goes on to say they are aware of the bankruptcy against but wish me to…
SOA help
Hello, I've received an IPOQ just after discharge due to IPA agreements. After recent discharge, I still have another 2 years of SOA's. Originally I had done my SOA with my trustee over the phone, and there was some things too high in places and others too low. Forward thinking I wish i had made a note as I am struggling.…
Advice needed
Don't even know where to start 😔 our debt problems started when we were young and naive, credit was given to us so easily and as a young married couple we happily kept accepting. Unfortunately we soon started to struggle to keep up and eventually resorted to using credit for day to day living. My husband then lost his job…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Which NatWest and RBS branches are closing from 2025? Here's the full list – and banking alternatives
NatWest and Royal Bank of Scotland (RBS), which are both part of the NatWest Group, will shut at least 108 of their bank branches in 2025 and beyond, after the Group announced a further 52 NatWest closures.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
Winter Fuel Payments will be reinstated to all pensioners in England and Wales this winter – but will be clawed back automatically from those earning over £35,000 a year, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up. MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis.
Car finance mis-selling update: regulator prepares for compensation scheme – and warns against using claims firms
Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.
Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
Winter Fuel Payments will be extended to all pensioners with incomes of £35,000 or less this winter, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up.
Winter Fuel Payments extension confirmed for this winter – watch Martin Lewis' instant response and his message to the Chancellor
Winter Fuel Payments will be extended to more pensioners this winter – though not to everyone – the Chancellor has today confirmed. However, exact details of who will now qualify still remain scant. Watch MoneySavingExpert.com founder Martin Lewis give his instant response, as well as his key message for Rachel Reeves.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account in June or July as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.
Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
If you had an energy prepayment meter forcibly installed or your smart meter was remotely switched to prepay mode without your permission, you could be entitled to compensation of up to £1,000 and may even be eligible to have your energy debts written off.

View All

Bankruptcy & living with it

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Bankruptcy & living with it

Category List

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free