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IPA query
I am just over midway through my bankruptcy year. I am self employed and when I completed the income and expenditure form my household was way below what we needed to cover our outgoings and I mean hopelessly below. I stated then my income would go up and down due to nature of it. We have largely plugging the gaps with her…
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New self employment advice please
Hi all, Has anybody here become self employed during bankruptcy? Me and my husband went bankrupt back in March. Straight forward and no payments required. After struggling to find work after redundancy in august has made the decision to go self employed. Would also be on the CIS scheme. He was self employed back in 2013.…
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Bankruptcy discharge advice
Hi. I am due to be discharged from bankruptcy in about a month's time. I wasn't put on a payment plan at any point during the bankruptcy. I was thinking about temporarily working as a deliveroo courier to put a modest amount away for Christmas and to build a bit of a savings buffer. If I were to start soon then I wouldn't…
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Not sure what to do
I am new to the forum and after many sleepless nights and worrying I feel that bankruptcy is eventually going to catch up with me. Long story short (please bear with me) - I'm a contractor who works through a Ltd company who has been trying to juggle unsecured debt for many years. I'm currently separated from my wife and…
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Lowell and credit file clean up
Hi! Just wanted to let you know that I have managed to get Lowell to remove defaults for my accounts. I have beed discharged in May, all creditors apart from Lowell promptly marked me as Partially satisfied/Satisfied. I have written email to Lowell requesting the same, but got response that they still would not remove…
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Bankruptcy advice needed
I've just received a high court writ from marston on behalf of eon who I desputed a bill of over £600 in just 3m of living in my then new home. After fees from another debt collector, ccj and now this I now owe almost £1100 . I also have some other debts shared with my ex husband. Marston are coming to my home in 11 days…
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IPA and overtime
Hi all, when my bankruptcy “journey “ began (end of 2017), and IPA has been signed, I have asked very clear OR should I inform them / CW about overtime if any will be. I got answer by email exactly like this: “As I have previously stated, you are required to inform CW of any permanent(in bold!) changes to your income “…
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Moving abroad while bankrupt?
Hi Everyone! I'm relatively new to the site, but after a month of consideration and research it appears that Bankruptcy is the best option for me due to to my debts being so high. As I am still quite young and have relatively few assets it should allow to me start of fresh with a clean state, as there is realistically no…
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9/10 years post bankruptcy house repossession
Hi all I'm back again nine years post bankruptcy:sad::question: I won't go in to the saga again, well just briefly. My ex husband went B/R in 2009 leaving me with a little over 1 million pounds in debt (two houses one in spain the other the FMH in the uk) The OR basically messed up as my ex was renting out the FMH and…
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A Few Questions Before I Press Submit
Hi Guys long time lurker I am about to the jump of faith, after putting my head in the sand, I am going to do what I should have done awhile ago. But i have a few questions, around the online form, on the income and expenses section. Firstly on your salary section the overtime, do you have to declare overtime only which is…
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Ex partner gone BR
Hi, I'd like to get some clarification on a situation my friend finds herself in. She is seperated from her ex and has a divorce decree nisi. They owned a home together, but since the split, she's been paying the mortgage herself and her ex has been obstructive regarding agreeing to her taking over the property and…
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Bankruptcy 1995 - issues
Hi I posted here a few years ago. My dad was made bankrupt in 1995. When he was 66 (4 years ago) we had a letter from Wragg and signed over the pension. Fair enough as we know the rules were different pre 2000. Now, he's 70 and he has received another letter from Gowling WLG this time, about the SAME pension - apparently…
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Statutory demand
I have two questions on the bankruptcy. What happens to a statutory demand when a bankruptcy hearing is vacated? Before hearing date. Is a statutory demand valid if it's not signed by solicitor or the creditor but by a debt collection agent?
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Bru orders
It looks certain I am going to be giving a bru after my last meeting 2-5 years, I have looked up on the what the extra restrictions are, what I cannot see is if I plan to leave the uk does the order remain the same so outside uk if I apply for credit over 500 I still have to inform them about my uk order? Also I read that…
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DRO and tenancy referencing
Answered..
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
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Most recent: Hoping to apply for a DRO by sourcrates
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