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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…
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Sequestration assets
Hi, been trying to find info online but haven't been able to. So got myself in a bit of a mess, a debt of about £30000 to British Gas (micro-business account) it was a mistake where the payments were going to the wrong account etc, tried solving it with ombudsman but no luck, still a debt of over £30k. I cannot afford to…
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Bankruptcy & Tax debts/fines
Hi all After a turbulent few years where I have just let things slide, due to numerous reasons that I do not really want to go into here, I will be going bankrupt. I have not completed my self assessments for the last couple of years, I know this is unacceptable and not fair but as I said I have had a lot going on so I…
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Bankruptcy
Hello, long story short.....my mate has 2 loans, one from Barclays 35k and other from Tesco 20k...both under my address(only find out because received letters).....he decided that he will declare himself bankrupt and do a runner with money abroad.....my question....will his stupidity effect in some way my credit score? Do…
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Bankruptcy and phone contracts
Hello, I am about to declare bankruptcy and I currently have 2 mobile phone contracts for myself and my daughter in my name. I am in default with both and can no longer afford to keep up with the payments. I still have one year left on both. My question is can I include these in the bankruptcy?Thanks in advance.
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Addresses for credit file clean up
I was discharged in July 2017 and am currently trying to clear up my credit file. Does anyone have the addresses i would need to write to for Next Store Card and Lloyds Bank for current account and personal loan? I have looked online and have found several different addresses. TIA
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SOA Help
How will it work as my wife is not going BR and all debts are in my name only, as her income is a lot less than mine ont=courier new]Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 0 Number of cars…
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Considering BR - PAYE & Self Employed Help Please
This is my first post here but I've been lurking for a couple of week as I do the necessary research into going BR. I'd really appreciate any help on the following. A little bit of info. I'm both PAYE and self employed in a limited liability partnership. My PAYE job earns the majority of my income. I find myself in a…
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Having a weird day
In 2003 I was declared bankrupt, worked my way through it, came out the other end and spent 10 years rebuilding my credit history. Today, I went to visit my mother who handed me 4 letters, I opened them and there is 4 identical demands, from a company dlc chasing my credit card debit with an agreement date of 1997!!!!…
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Trust Deed Salary
Hi, I've signed trust deed (Scotland) I've opened new account and will be ready on couple of days. Today my main bank account was closed and took all my funds in Monday I have a salary coming in which will probably go to my frozen/closed account. Will they take all the money is this legal? What can I do?
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Does the IVA make allowances for professional development courses and assessments?
I am currently on an IVA. I've been looking for a better paying job for a few months now but I've had no luck for a position with better pay. I've been looking at getting professional qualifications and going down the chartered professional route. However, I am not sure whether I can do this while on an IVA. Are these…
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Please advise next step
Afternoon, Logged back on after a long break to try and get advise from you knowledgable folks as not sure where to turn. Basically my partner went bankrupt on the 13th september 2018 and was discharged on the 13th september of this year. We have received no letters from debt collectors in that time which has been a…
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What forms? Just spoke to OR
Hi I have just had meeting over the phone regarding my bankruptcy. I filled it in online and paid. The lady said she is sending something that needs signature of a witness. What are these forms? I’m panicking and had a lot going around my head! Thank you
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: Moved: IVA / Debt Advice Please by sourcrates
5 January at 11:48AM
