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CRA & Defaults
Hello, I have 2 weeks left of my BR. I have around 6 accounts on my credit ref agency’s. I just wanted to clear something up, so I am not confused. Since the BR order all 6 have been marking me down as default with 1 being a late payment. So for the last 11 months each month they are all adding another default for that…
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6 years post-bankruptcy
Hi all I remember reading this forum incessantly in Nov/Dec 2011 when I was applying for bankruptcy and found everything so useful. I also found it a lifesaver reading positive stories of people after bankruptcy so I wanted to share my own. After 14 years of financial abuse I left my husband and was also left in 25-30k of…
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Heading Towards Bankruptcy - Please Help
Hi I ended up in debt to the tune of around £23,000. I had a credit card, the payments were too high for me to afford so I got a 0% credit card, transferred over the balance, couldn't pay, got another 0%, transferred balances over, had to use the credit card as I couldn't afford to meet the payments and so it snowballed. I…
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DRO- question about budget planner
Hi, I’m curious, I’m doing my DRO budget planner, living expenses etc. and I’m not sure if few payments towards the debts which I’m paying monthly are included in budget planner? I know I have to have 50 pounds per month left. Does those payments which I’m making monthly are included or not ? Thanks and sorry for my…
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Developed Vetting & past bankruptcy
Anyone out there gone through Developed vetting for government roles or could advise on it? I have a question, I was discharged from Bankruptcy fifteen years ago,( was related to running a company as a sole trader, it was personal insolvency, wasn't a limited liability company, ) Presumably, this will exclude me from…
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House and Bankruptcy
Ok so I have posted on here previously but not regarding this question so just hoping for some advice. My ex-wife has gone bankrupt due to huge gambling debts of over £110k. We have a joint mortgage and also a 2nd charge loan. I love out and am now renting, however the ex hasn’t been paying the secured loan so I’m moving…
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Get a mortgage now or wait?
Hi all, I was made bankrupt back in 2013 due to a small number of loans and credit cards. We had to sell our house as a result and have been renting ever since. As we pay an extortionate £1100 a month in rent (standard for where we live) we would love to own again as soon as possible. We have £20,000 deposit and according…
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Pension income post sequestration in Scotland
Circumstances: I was forced, due to requiring a lung transplant, to retire from the business I owned with two other guys almost 3 years ago. After I left they ran it into the ground and the company went under in April last year. I was sequestrated last November due to having to forfeit on two joint and several personal…
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Company applied to be struck off the companies house register(voluntary liquidation), offices shut,
I have purchase some CCTV equipment from a CCTV selling company in Watford who have sold completely different poor quality product. The company now applied to be struck off the companies house register(are going into voluntary liquidation). I have obtained a CCJ (County Court Judgement ) against them – but how do I get the…
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Confused by Step Change Advice recieved
As advised by CAB, Business Debt Line and my Creditors I made contact with Stepchange regarding my current financial situation. As it stands my situation is quite complex but I am not totally convinced the advice I have received is the best for me long term, I have ended up feeling even more confused/ worried about my…
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Bankruptcy Suspended Indefinitely and Death.
Hi all, I hope you can help. A friends parent passed away a couple of weeks ago and it has come to light they were bankrupt in the early 00,s. The discharge has been suspended indefinitely as notes say they were not complying with the OR and or terms of bankruptcy. Currently no will has been found and other parent is still…
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Credit 'scores'
2 years post bankruptcy and a credit builder credit card on the go (with a low limit). Just had my latest Noddle/Credit Karma credit report and it's gone from 555 to 507 in the space of a week, yet nothing has changed! It was 555 for weeks and weeks and now suddenly it's gone down by 10%, yet literally nothing has changed.…
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Ex Wife gone Bankrupt
Hi all I have recently split with my wife after I discovered she had been a secret gambler and had gambled away £118k. We own a home and our son lives at the property with her (I moved out 5 months ago). She has gone down the bankruptcy route much to my annoyance as now my sons home is at threat from her actions. I am…
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Interview in the morning
I have got my face to face interview tomorow and am now really panicking about being it, i have filled in my questinaire book and it has left me quite a large deficit, will this be a problem?
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Land Registry AP1
Hi Guys Received the AP1 from the OR and not sure what to do with it? Is this an easy process to transfer my property back to me or should I seek legal advice? Also confused on the fees I have to pay HM Land registry? Advice appreciated :)
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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…
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
