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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…
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Living off credit - what happens when credit gone?
I'm not ready to go bankrupt yet, but am doing some research. At the moment I often transfer money from a credit card to pay my rent. Then I try and pay the money back the following month when I've been paid etc. This isn't ideal as I pay to borrow this money. But it does help me keep a roof over our heads. If I went…
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How long before i hear about ipa
Just wondering if anybody knows when i will hear about an ipa, I had a face to face interview 5 weeks ago and the only contact i have had since then is an email and letter confirming i can keep my car, the insolvency examiner that interviewed me was quite vague on quite a bit when asked at the end of the interview, I have…
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Couple of income questions before submitting BR application
Hiya, I’ve completed my bankruptcy application and ready to submit but have a few questions if anyone can help please? As a brief background my main reason for bankruptcy is a failed bridal business and I have debts of around £44k. I live with a partner and 2 children and am on maternity allowance (self employed) at the…
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6 years today :)
Hi all, I’m just looking for a bit of advice if possible. I’ve not posted here for a long time (under a different name as I’ve forgotten it 🙈) but I often read the posts so thank you! Today marks six years since myself and my husband went bankrupt. This morning the court date dropped off his report but not off mine, does…
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The time is now..
Good Morning, i've been watching this forum for a while and have finally decided the time is right to join in and make the movements i've been putting off for too long. Your advice would be greatly appreciated, as I am treading in very unfamiliar waters and in all honesty, i'm a little scared. Quick idea on my background,…
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Bankruptcy HELP!!!
Firstly, I have a lease car that I pay out of my wages before tax, insurance and pension. Will I lose car? Can anyone help on how much you are allowed to live on for expenses? It’s just me and a 16 year old at home. Any advice please 😢
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Under IPA - Further trustee investigation
I am 2 years into a 3 year IPA and was discharged from BR in 2018. Recently I've been asked by the trustee to document payments in/out of my account just prior to the BR in 2017. These have already been heavily investigated by the OR at the time of my interviews ETC and I provided lots of evidence ETC. My questions are (a)…
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Scottish experiences
Would appreciate advice I have been advised to go for a Protected Trust Deed however two of the creditors I have are known to be against PTD. Adviser I spoke to suggested if refused to go for sequestration. Has anyone done this or has experience of a trust deed being rejected by creditors
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Can OR report Beneficial Interest without proof?
Hi Don't know if this is unusual situation but I would appreciate some input please. After a fraught period beforehand, I was made bankrupt voluntarily last month and during the interview the OR spent a lot of time exploring whether I had any beneficial interest in the property I live at which is owned by my spouse. The…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
