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does spouse transfer count as income?
Hi I have been out of work due to illness for over a year and my spouse has been supporting me, transferring money each month to my account to meet household expenditure, my personal debt minimum repayments and a small amount for personal spend. This is my only income. I am going to declare bankruptcy as my spend including…
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Signed IPA but had no further contact
Hi, I was made Bankrupt on June 12th 2019, had phone call with OR, supplied all info. Then had an IVA letter saying that they would be requesting my council tax and applying a NT tax code. I signed this and sent it back but haven't heard anything since about when or how to pay these things? The NT code hasn't been applied…
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Bank Account Question
Hello I filed for bankruptcy in April and have been awarded sequestration. I'm starting to think about how I can rebuild my credit rating and its been suggested that I need to open a basic bank account with a different bank. Can anyone recommend a bank/account that would be suitable for this and if I can apply online or do…
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Tax refund post bankruptcy
Hello, I was declared bankrupt earlier in 2019. My debts more than outweighed my assets leaving me with nothing. Starting from scratch again and received a call from my accountant (genuine) advising I am due a tax refund relating to the 2018-2019 tax year. It's not much but would certainly help in my current situation. Any…
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Iva or another unsecured loan please help Soon!!
Hi I am just about keeping our family above the line... I have asked step change for advice, and seem to get different debt remedy advice... Basically I have excellent credit and have been b zero percenting my debt from card to card but then using the cards. So now I am In a scenario where I'm paying minimum payments using…
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Top tip when receiving Bankruptcy Order
Hey guys, I finally submitted my bankruptcy application on the 7th of August and received approval and a copy of the bankruptcy order on the 8th of August, very quick! Previous to this I had only defaulted on my July payments, so just one payment missed! Some of the creditors were ringing my mobile between 10-15 times a…
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Bankrupcy and redundancy
Hi, Has anybody gone through redundancy while bankrupt? Husband made redundant last week. We went bankrupt in march. I think he will get around £4000 in a redundancy package. Have spoke to OR today, who just says 'keep them in the loop' re if he gets a new job and how much he does get. I was under impression redundancy was…
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Hi there
Hi there, Im a x bankrupt and discharged april 2013.from 2014 start building my credit,since then i had vanquish and capital one credit card but with high interest ,always have been using them and paid them back on time. however haven't been able to work due to my circumstance. but but now I have a permanent job, in fact…
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Bancruptcy question
I have debts of about £21000 for two credit card, two unsecured loans and one store card. I couldn't apply for DRO as my American Express though relieved me off paying refuse to clear the balance on credit file. So according to step change charity I either stay as I am and get the occasional letter from creditors and just…
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Company Director after bankruptcy discharge but paying monthly payments
Hi and thanks for any advice in advance. I was declared bankrupt (sequestration here in Scotland) in 2017 and discharged by the AIB in 2018. I do however still make monthly payments to a trustee and will for another 2 years. Do I still have restrictions on setting up a Ltd company and becoming a director and also do I have…
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Iva or another unsecured loan please help Soon!!
Hi I am just about keeping our family above the line... I have asked step change for advice, and seem to get different debt remedy advice... Basically I have excellent credit and have been b zero preventing my debt from card to card but then using the cards. So now I am In a scenario where I'm posting minimum payments and…
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Salary sacrifices
Hi all, I will soon be applying for BR and need some advice. I currently have the below salary sacrifices come out of my wages and want to find out if the OR would be ok with these. There are monthly costs. Union = £10 per month but can cancel if I really need to but would prefer to keep. Critical Illness - £15 tied into…
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Bankruptcy and OR documents needed?
Hi Currently I have debts of around 50k (some personal loans and CC). Majority of this being gambling debts. I left the UK around (20 months ago) to break free to gambling in the uk and continued to pay the loan payments and min pay on the CC. However, my circumstances has changed in the last few months having been made…
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Bankrupsy Countdown (Scotland)
Hi, I have a good credit history. I've always repaid my debts. I've always been proud to do so. I currently have only one loan which has about 18 months left to run and I'm debt free for probably the first time in donkeys years having clawed my way out of credit card debt. I was looking forward to it. Then I get a letter…
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Bankruptcy Questions
Hi there, thank you for your time and help with my unfortunate situation. I have an issue with debt surrounding a property jointly owned with an ex from 10 years ago. Long story, but he is not a very decent sort and has refused to sell this property for the last 10 years and has now had it reposessed, along with not paying…
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Creditor in bankruptcy
I will try and keep this short. Won a court case, the defendant was issued a CCJ for £70k which he owed me. The day the judgement was past he was in a different court declaring himself bankrupt. He doesn't work, his wife owns the house and during the time between solicitors letters and court he conveniently divorced his…
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Soa
I am about to apply for BR and want some help with my SOA, I still live with my ex husband and we pay 50/50 to household bills so just wanting to know how I would show this on my SOA do I just show my income and my half of all household bills and any other bits I pay out? We have two children so was going to show my 50% of…
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OR interaction help please.
Hi, I am wondering if anyone can advise me please? I was confirmed bankrupt on 12th August and have had my interview with the OR. Following the interview he told me a few things and has sent me letters which i don't completely understand or have heard before. The first thing is that I have a car (BMW 1 series 67 plate)…
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what constitutes a pre bancruptcy gift?
I declared myself bankrupt on 29th May 2018, and agreed a repayment schedule with my trustees which I have adhered to. My problem is that the trustees are asking me to identify payments I made to my daughter from my bank account from 2014 onwards, to my daughter. She was at university at the time and I was keeping her. I…
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Interview and Soa
After 7 months and 3 postponements by hmrc i have finally been made bankrupt, had a call from someone yesterday and have been asked to attend an interview in person, he advised it would take approx 3 hours, really nervous now as i thought it would be over the phone, worried it will end up as an interogation, will i be…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by fatbelly
13 August at 10:08PM
