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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…
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Bankrupt and getting married
Hi, I’m after some advice please around bankruptcy and my relationship status. I declared myself bankrupt and it went through in March 2019. All of the debts were/are mine and in my name. I have been made subject to an IPA for 36 months. I am in a relationship, my partner doesn’t live with me but in August 2020 we are…
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Debt-free previously and now facing bankruptcy. Couple of questions?
Got myself out of a financial rut a few years ago and now I am back at square one.:eek: I've always benefitted from these forums and have been lurking for a while again. :rotfl: I am not able to work any more due to chronic ill health. I have so far been unable to get the occupational pension and have had a five month wait…
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Dept still showing
I went bankrupt in 2012 discharged a year later so we’ll out of it now nothing showing br on reference agencies at all but There is a debt showing for orange now it was included in banckuptcy but it’s still showing so need to get it of my reports does any one know how I can do it plz Many thanks
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Post BR credit file help
Hello wonder if someone can give me some advice. On Experian credit file on your credit report page you have 3 tabs for accounts, active accounts, settled accounts & default accounts. My creditors fall into the default accounts because of my bankruptcy, one creditor is still in active accounts showing as default. My main…
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Bankruptcy Scotland- help
I’m really not sure what to do. I’m in Scotland and the account in bankruptcy has outsourced the administration of my sequestration to a third party. I had an initial interview with someone who sounded like they were 12. It did not feel like a proper interview. It sounded like the person was just doing the call as a tick…
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So confused, what shall I do?
Hi, I am in my mid 40s and recently separated from my wife. We had around 50k of manageable debt (loans and credit cards) in my name. She left 6 months ago and I am now sinking financially. Should I go through with bankruptcy? I have read up on it and it seems like it would relieve a lot of stress and worry for me but is…
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Scotland options
Hi I’m in Scotland with £33k debts income is £1900 a month after SOA I have about £340 disposable income a month for debt . I can’t decide whether to do a trust deed or debt arrangement scheme . Anyone any advice
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Sold car 8 months ago now creditor wants me bankrupt
Hi I have been very stupid with money over the last 5 years resulting in owing around 90.000 pounds on credit cards and unsecured loans I stopped paying these a while back Now I have had a letter from one of my creditors wanting to file for bankruptcy .I have no assets I did have a car 8 months ago that I sold to my…
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SOA Questions
Hi there, I’ve been looking through the SOA and have the following questions: 1. Do I have to put my husband’s earnings or can I simply leave him out of the whole thing and input half of my share of bills/rent rather than the whole amount? 2. Does the OR look through bank statements to Check that amounts stated are…
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Wages being paid into husbands account
I’m gradually getting things lined up to prepare for bankruptcy probably in the new year but not 100% yet. My husband and I have a joint account with no borrowing facility. We have both decided to have our wages paid in to our joint account and pay ourselves ‘pocket money’ out of it. If I go bankrupt I would plan to remove…
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Car and bankruptcy
I owe a lot of money and Eventually Im sure my creditors will file for my bankruptcy. I have a car I’m registered to on the vo5 but the owner of the car is my Dad who name is on the Sales slip /invoice as the buyer But part payment came out of my bank a year ago to the car dealership. Basically I owed around 17 k to my dad…
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HELP! Student & Self Employed - going bankrupt
Hi, If anyone could please help me with a few questions, I would be so grateful! I've done my best to research this as much as possible but I'm still really stressed out by not knowing what exactly is going to happen once I file for BR! I'll try to keep this brief - basically, I have managed to get myself into a rather…
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Discharged - Bank Account
I'm recently discharged from bankruptcy with no IPA. I've posted another thread on here with my story in hope it may help others. I have a question of my own though: I currently have a CashMinder account with Co-Op which I had prior to bankruptcy and was kept open. I've used this throughout the year as my main account…
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Please Help ADVICE
Hello, Im in a bit of a tricky situation and needed some advice. I have a wife and child aged 7 and currently in a IVA 1 year in. I have 2 months left untill i leave the Army which means i have to move from the Army house. I currently pay £500 a month for IVA but i know my next job i wouldnt be able to pay this. By the…
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Discharged - My Story
I'm a long time lurker of this forum and the posts certainly helped me when I was deciding whether bankruptcy was the best option for me or not. I'm now a year down the line and discharged from my bankruptcy so I thought I'd post my story in the hope it may help others. I'd amassed an unbelievable unsecured debt of £44,000…
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A couple of questions now I'm discharged.
So, I'm finally discharged with no IPA. I've learned a lot about budgeting over the last year. I've got a couple of questions: * I've been accepted for a Vanquis card (to rebuild credit), is there anything else I should be doing to get my life back on track? * I'll be looking to rent in the next 6months-year. Will I have…
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SOA Help please
Hello everyone Im hoping you can offer me some advice on my SOA. I have spoken with the National Debt Helpline and they have advised that bankruptcy will be the best way forward for me. My debts have accumulated over the years slowly, mostly things for the children when I was training, but now they are spiraling and I have…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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Most recent: Hoping to apply for a DRO by Thymeforchange
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