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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
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Car finance - IVA
Hi All, Currently in a IVA which I’ve been in for 1 year. I have a HP whilst in the IVA but I need to change the car as it’s not a practical car anymore for my line of work. Needing something bigger currently pay £230 a month - my question is. I highly doubt I will get finance on another vehicle so am I able to get a…
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Being chased for money (car on finance) after bankruptcy discharge
Hi, After a year of hell my partner was discharged from bankruptcy in June this year. We are just starting to get our lives back on track. Today we had a letter come through the post asking for the OR’s share in the car my partner has on finance. This was listed as an asset when he was made bankrupt a year ago but we…
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SOA form
Morning all, i am looking at getting my finances in order as i got in debt after me and friend got given a 100% mortgage at 18 years old we couldn't really afford it at the time we both had car finance any ways we ended up taking more loans out to help pay the bills etc and in the end we both ended up just walking away due…
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Mortgage query after bankruptcy
Hi all. I was declared bankrupt in aug 2017 and discharged in 2018. At the time of bankruptcy I was in a joint mortgage with a family member, and the OR wanted £10,000 for my share of the equity from my family member. They paid the OR the £10,000 and everything has been good. I've just been wondering if they fell into…
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Interview with OR
Hi all, I have my interview with the OR on Tuesday morning. Has anyone any advise? What will he ask me? I am so worried I will get an IPA. Will he say I have to use public transport and not use the car, so I can pay money towards an IPA? I couldnt bear that, I would not get to see my family, they live more than an hour…
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Understanding why I went bankrupt
I am just filing some post and having a tidy of paperwork, and I decided to go through some of my bank statements and credit card bills from before bankruptcy. As a rough timeline, things got worse in 2013, I made token £1 payments in 2014 before eventually going bankrupt in 2015. Looking through my statements, I was…
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Tax credits, bankruptcy and DRO
I all, I am discharged BR. One of the debts I didn't list on my BR was tax credit overpayment as it was a joint debt, we continued to pay as we've always done. I recently changed banks and rang up tax credit helpline to change bank details and the recordings said to direct debits twice within a year you need to write in.…
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DRO question...
Where does a DRO appear if someone goes looking? The London Gazette? (forever?) The IS website? (for 12 months?) Credit searches? How long?
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General Bankruptcy Query and Assets (Car)
Hello all, I am trying to help a friend think through his options to resolve his current financial crisis. He is in a bad place and whilst I know a lot about DMPs, I know very little about other debt solutions such as Bankruptcy or IVAs. My advice to him, first and foremost, was to seek advice from National Debtline - but…
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Being chased for debt on mortgage shortfall after repossession and 7 years after bankruptcy?
Hello, I am looking for advice from anyone who can help. 7 and a half years ago (Mar 12) I was declared bankrupt. I stopped paying my mortgage and informed my mortgage provider that I was handing back the keys of the property. Having done this my house was repossessed and subsequently sold. I have just now received a…
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Pension lump sum after discharge
I have a friend who was discharged from sequestration in Scotland over two years ago. She is now eligible to draw a pension lump sum and income but is worried that this will be taken by the Accountant in Bankruptcy. She did not pay any contributions during her sequestration because she was on benefits. She called the AIB…
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Bankruptcy and savings
Hi. I spoke with Stepchange last week and they said my only option is bankruptcy as my income is so low. My question is, I have about £1400 in a savings account which I’ve had as an emergency fund in case the car blew up or such like. Can I take this out and keep for living expenses once I’m bankrupt? Also, through work I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: Couple of DRO Clarifications Please by sourcrates
1 March at 7:21PM
