-
Partner & I need to go bankrupt - advice needed - Student
Hi everyone.. I was looking for some advice. I'll try to keep it to a minimum. Apologies if its lengthy, but essentially - Both myself and my partner have decided, that after years of struggling with debt, bankruptcy is the only way that we are going to get out of it, and get anywhere now. We are both in our 30s, have 2…
-
American Express Company Card and Liquidation
I wonder if anyone can be of assistance. I was the director of a company and was contacted by American Express offering me an American Express Business card which accepted and used as it was incredibly useful for the company. Unfortunately, the company went into liquidation, and I am told by American Express's appointed…
-
Amount of creditors
Hello, Just a quick question. Is there any advantage to having fewer creditors rather than spreading out over more? I currently owe £27,000 to Barclays, MBNA and Next but have credit room with Virgin and Lloyd’s. When I apply for bankruptcy and come out the other end of the 6 years are they likely to refuse to come near me…
-
DRO and a cleared debt
I was looking (idly) over the DRO information and saw a question.. "Have you paid off any debt in the last 2 years by a lump sum" If such a payment dropped outstanding debts under the DRO maximum of £20K would/could a DRO be refused? I note it says "have YOU" paid any debt, if a 3rd party paid it is it still viewed as if…
-
Moorcroft group letter
HI I am sorry if I a, in the wrong thread I just received a letter from moorcroft, and can figure it out what for. tried to call them but no awnser. I pay everything by direct debit so not usre whre my debt come from? and where did they get my name and address? should I just ignorted it?
-
Dro 8 months in
Hi, I am 8 months into a dro, I knew at some point after my dro that my circumstances may change dramatically with an inheritance, that would not happen till after my dro had finished My ex wife is now claiming that my dro could be deemed fraudulent because my circumstance may change after a few months after the Dro ends…
-
before..after....BR....DCBL...DCBL Legal..
06/07/2016 a PCN was issued to a car owner in a parking space belonging to the shop he worked at, the owner said he would sort it.... The shop owner purchased the vehicle shortly after the date of the PCN The accused went BR in October 2018 No more comms till june this year when DCBL sent a warning...they want £190 Accused…
-
DRO and PCN...
For the purpose of a DRO application, would a September 2017 Parking eye PCN thats gone through 3 DCA's but never been to court be worth including? It doesnt appear on any credit check as such..
-
Loans after bankruptcy
Hi was hoping someone could help? Me and my husband were made bankrupt 4 years ago after stupidly buying in the height of the house boom and cudnt keep up! Young and senseless but have continued to remain completely debt free for the last 4 years, trying our best to re build our credit score. We now are at the point that…
-
DRO and PCN...
For the purpose of a DRO application, would a 2 year old Parking eye thats gone through 3 DCA's but never been to court be worth including? It doesnt appear on any credit check as such..
-
BR and insurance
Quotes hard to get (business use) when i asked my broker he replied the underwriters see BR's as a "Moral Hazard" but will cover for 20% extra I think THATS immoral... (Not my case thankfully)
-
Bankruptcy and training courses
Hi, as a sole trader and in bankruptcy, if you have a higher than expected income at any given month, are you allowed to use the 'surplus' income to pay for training courses related to your business?
-
URGENT.. Statement of affairs BR HELP
Hi everyone, really desperate to apply for bankruptcy (have a court date due next Thursday and ideally would like to get this application gone by tomorrow) but having problems with income and outgoings. We are always skint and on paper its looking like we have £258 spare each month? I dont get it?! If we did id have no…
-
2Nd Charge
This is a mess, so I hope to keep it simple 2010 signed a 2nd charge on my property for 20k with an individual 2011 business fell apart 2013 he bankrupted me But in his petition said he had no security in my estate 2016 release from bankruptcy, trustees report gave no dividends 2019 he contacts me to tell me I owe him…
-
Charities who help with BR Fees
Thought we could start a new thread to update our information on Charities who help with BR fees to see who does help now and how long the whole process takes, this is our normal post below, if anyone has any more information we can add it to this post Thank you IF There are a number of charities that may help with…
-
Help with applying for bankruptcy or deo
I am going to apply for bankrupts or dro and all of my depts are from years ago and amount to about 5k or less i have a student loan as income and I am just abit worried because a few years ago someone was transferring me money and I was withdrawing it and a few of my bankers got closed for fraud and I tried to explain to…
-
Preparing for bankruptcy
I have a million questions about bankruptcy, but could anyone help me with the following: 1. How many months of bank statements do I need to provide the receiver with? 2. Does the OR inform all accounts I have or just the creditors? For example, I have a Monzo account with no borrowing facility and would like to continue…
-
Mortgage rates for ex bankrupts
Hi, I’m considering on attempting on getting a mortgage now, 2 year’s post bankruptcy but people on here have kindly advised me rates will be about 5% and deposit being 25%. Anyone know what options will be available 3 years post bankruptcy and if it’s worth holding off? Thanks
-
LTD Company; personal bankruptcy?
Me and my spouse both work through our LTD company as directors with 50% of the shares each. The business has no assets or savings. I’ve got a lot of personal debt (credit cards and overdraft) which I’m struggling to pay off. If I went bankrupt, would it affect the LTD company? Should I resign or leave the LTD company…
-
Will single bankruptcy effect husband, house & business!?
Hi, I’m thinking seriously of bankruptcy. I’m not eligible for an IVA and my debts are over 20k if I file for bankruptcy myself how will this effect my home? It’s mortgaged but only in my husbands name, I’m not even on the deeds. Also he’s worried it could effect his business (he’s self employed with a business partner) my…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: TSB refusing to change default date - Scottish Trust Deed by ryan92
Today at 11:29AM
