Bankruptcy & living with it

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…

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…

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 “…

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…

Hi My Bankruptcy was approved in August, then this month a received a letter from Yorkshire bank saying I was in arrears by £13.42. They have given me 28 days to pay this. I spoke with someone at citizens advice, that told me to ignore it. I’m paranoid that someone will knock on my door wanting the money. I’m not sure…

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…

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…

Hi All £27,000 credit card debt and no money to pay fee of £680 to declare bankruptcy.... My life turned upside down when my 44y old dear Wife got diagnosed with grade 4 incurable brain cancer called Glioblastoma Multiforme in September 2011. She was given a life expectancy of 15 months. She is still alive 8 years later…

Hi I went bankrupt in 2010 I have now out of the blue received a Tax Demand for over 4000.00 pounds. The HMRC will only tell me it’s in conjunction with my Bankruptcy. I paid the tax from my wages straight on top of my IPA as instructed by Moonbeever and the OR until the following April when my Nil Tax code reverted to…

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?

Hi Guys, Looking for some advice with something thats bugged my family for years, my parents business went bankrupt some years ago, were talking early 90's, but they dont seem to know who they owed or how much they never got a breakdown ?? There seems to have been so much money over years that has gone or they have never…

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…

Posting on behalf of a friend, My friend has suffered from BiPolar for over 20 years,,, During this time she has been Bankrupt twice, both times her credit record has cleared and then she has had almighty blips and got her hands on Credit Cards always meaning to not go into debt but she does, This time she has maxed out…

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?

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

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…

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

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…

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…

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…