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HMRC bankruptcy letter received
Hi I have had on/off contact from hmrc since 2013 regarding non payment of capital gains tax on 3 properties I bought and sold consecutively in 2006 to 2008. I didnt pay any tax as I was living in a rental property and each property was owned solely ( I wrongly believed this meant I didn't have to pay CGT ) . When they…
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Bankcruptcy question
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Opening an account at Starling Bank
Has anyone who is bankrupt and been discharged managed to open an account with Starling Bank. Its one of the new mobile only banks and I applied but have been rejected. It did say on MSE website that they only did an ID check if you didn't apply for an overdraft. Looks like this information is incorrect. I've been…
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Help please
LOOKING FOR HELP PLEASE. Hi Wondering if anyone can help before we seek legal advice. My ex girlfirend's father sold us his house at an undervalue in 2016 when we were together (we have two children together) I pay the mortgage (£50,000) and see it as investment for our children. In 2018 her father had to go bankrupt (he's…
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Going bankrupt but have my dad money
It looks like bankruptcy is my only option. I am a landlord with multiple properties. Rent isn't covering mortgages and in I am in negative equity and a lot of personal debt. Things started going wrong 12 months ago after my wife's cancer diagnoses and several properties simultaneously becoming empty that needed a lot of…
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Pregnant and about to declare bankruptcy.
I am around 8 weeks pregnant (unplanned but I am happy), my partner and I are currently not living together as the plan was for me to sort my debts before we began living together. That maybe change now given the situation, but I am not sure. My take home pay each month is £1750. My rent, council tax, utilities & tv…
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Official Receiver
Hello All! I'm in the process of filing for bankruptcy whilst staying with a friend, will the official receiver look into their own housing benefits or be bothered with my accommodation as I'm contributing to the house. I'm not registered on the council tax, is this of interest to the official receiver and could this…
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My SOA - Please Help
Below is my SOA. I currently live on my own with 1 dog. I am 10 weeks pregnant. I have budgeted about £171 a month for baby items such as a pram, a cot, clothes ect This will give me £1190 for everything I might need as once I am maternity I will have a very low income. I am not sure if I will receive any help with the…
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I am bankrupt and received a letter from PRA GROUP
Hello, Could you please help me understand what this letter mean ? I have been made bankrupt at the end of august 2019. 3 months ago. Today i received 2 letters from PRA GROUP telling me they bought one of my debts from Aqua credit card and although they say = this i snot a payment demand- further down the page they write…
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Bankrupcy coming off credit file has DECREASED my credit score?
Hi there, I have the Clearscore app and my bankruptcy came off there overnight (from the 5th November 2013)...resulting in my credit score (Equifax) going DOWN 30 points and remaining in the Poor range. Oddly enough, I checked Experian the other day and that is showing as Good in the 940's range. Why would there be such a…
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SOA help?
Can someone please tell me where I can fill out my SOA please I have been looking for the past hour and I am unable to find this. TIA
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Bank still chasing payment after BR
Hello I was made bankruptcy in may 2019. All the letters from my creditors have stopped apart from one from Lloyd’s credit card (I only defaulted on the month I went bankrupt and the debt was included with my bankruptcy) What’s the best way to deal with this? Shall I write or email Lloyd’s with my bankruptcy order and…
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Life insurance and buy back?
I was declared bankrupt in June 2018. OR wrote last week about buying back the beneficial interest in my life insurance policy. It will cost £50. I'm a bit confused though: - Is it worth buying back to life insurance policy? I've had it for about 9 years. - Can I not just cancel the policy and get a new one? Or would this…
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Bankruptcy for Mum and SOA Help Please
Hi Guys, Your help would be much appreciated please. I called the national debt line regarding my mum's debts and the person I spoke to advised bankruptcy as she has no assets, rents and is not planning to buy a house, her debts are high and her income is low. I have completed a SOA below, but I am not sure if this is done…
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Trust Deed and Self Employment
Hi, It is looking increasingly likely I will be forced down the route of a Trust Deed due to an impending tax issue. I currently run a small catering business, i operate as a sole trader, which employs three people - two part time and one fulltime. The business is profitable outside of this isolated tax issue and theres no…
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Sale of flat during bankruptcy
Hi all....I am in the process of selling my flat (Joint owned with wife) . A creditor has put a final charging order on property which I will pay on sale leaving me with very little for my share of equity. The same creditor has also petitioned for bankruptcy!!! If I am made bankrupt before sale of flat what are the…
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Inheritance after Discharge
Good Morning, After doing some research over the weekend, I wanted to just double check something.. In 2008 I went bankrupt and was discharged in 2009. Unfortunately a relative died in 2018 and I am one of the executors of the will and due to inherit some money. We are due to sell the probate house and the solicitor we…
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Close to Bankruptcy
Hi, I am not sure if this is the right forum to place my questions, but I am desperate. I have just had the High Court Baliff (The Sheriffs Office)turn up on my door step for the first time over a £4500 dept. I had managed to pay £3800 of it last week direct to their office which left £700 . That was all the money that I…
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Forced bankruptcy
Hey, Can anyone help? Council tax arrears. Been summoned to a sequestration hearing on 10th December. What happens from there? Does everything get froze from there or does it take some time? We receive some benefits, do they look into that or do you just advise benefits are claimed? Will it take sometime from when it’s…
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Sequestration question
Hello I am considering applying for sequestration. I am a disabled veteran and receive a war pension and state benefits as I am unable to work. I receive a carers allowance which goes towards providing me with personal help and assistance with jobs around the home I can’t do myself, I top this up from my pension and…
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
