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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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Most recent: Moved: IVA / Debt Advice Please by sourcrates
5 January at 11:48AM
