We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Bankruptcy & living with it

To help people who are bankrupt rehabilitate their finances, without judgment.

DRO help
Hi All, I've been considering applying for a DRO as I fit all the criteria and I don't want to go bankrupt if I can help it (I can't actually afford the £600 anyway) My question is to anyone who has knowledge of the DRO process, My expenditure is about £20 after all bills, payment plans etc have been taken off my income -…
IPA Payments help.
Hi All, I was made bankrupt in July 2016. After the Official Receiver reviewed my income & outgoings they decided I had a £203.00 surplus per month and set up the IPA over 3 years starting February 2017. With being self employed they used previous tax returns to assess my income which in hindsight was predicting higher…
BR success stories
I am thinking of going BR but worried about the process with the OR and life after BR with renting and rebuilding credit history to purchase a house eventually. Can anyone share their stories and any hints and tips when applying and dealing with the OR?
Bankrupt & AOE
Hi all, Really in need of some advise please as totally out of my depth. I was declared bankrupt in Nov ‘18 and have a IPA in place for the next 3 years paying back £280 p/m. I have this morning received a letter from DWP saying I owe nearly £4K and an AOE has already been sent to my Employer for 20%of my monthly wage to…
When can you submit a written statement of events?
Good morning, I have just completed my bankruptcy application form, which I found to be very straight forward :-) I was however, expecting to find a statement section where I could write a timeline of events that has lead me to apply for bankruptcy, but there was no such place for this. Will I be able to email the OR with…
ccj Interest query
Help calculating CCJ interest. CCJ issued in 2017 for £1290. It’s going to take me around 40 months to pay off - already paid 26 months. CCJ was issued in Scotland ( I now reside in England) and has annual rate of 8% that started 3 months before I made my first payment. There is also court costs involved so I have those to…
PPI - slightly different query
My husband and I were declared bankrupt in October 2008, and received early discharge in June 2009. When we were declared bankrupt, we still had a car on HP with Black Horse finance that the receiver said we could keep as the car was of low value and we only had a couple of months left to run on the finance. We then paid…
IVA recently approved..
Hi all, I’ve just had an IVA approved via PayPlan. 50k total debt, 25k of this was on a Barclaycard. Barclaycard didn’t vote during the creditors meeting. Only a few small creditors voted. (About 7k worth of debt) and so PayPlan say that’s approved. I was expecting Barclaycard to vote against it, my Barclaycard was 7k over…
Bankruptcy & life insurance
Hi... Worlds upside down at the moment but hope this all makes sense... Last year my wife was diagnosed with triple negative cancer had to give up work for treatment.. financially things were tight anyway but this tipped us & I claimed bankruptcy in February this year... My wife responded well to treatment but we found out…
Shop direct still on credit file
Hi Just wondering if someone could help I went bankrupt in 2013 my bankruptcy as just gone with all that was in it from my credit file Except shop direct which is still on and will show negative to lenders.how can I resolve it. Thanks
Another SOA thread - please help!
Merry Christmas all! I've posted on the board a few times before and got some good help and am hoping the good people here can help again. I went Bankrupt beginning of June. I've been on a low income so no IPA. I've been offered a new job to start next month for between 4 and 6 months (Jan - April / June) which pays…
old bankrupcy order on Credit report
HI, I've just checked my credit report prior to asking for a mortgage and found an old bankrupcy order from 2001 on there:eek:. I didn't even know I was ever made bankrupt! Now that is not strange as my late ex used my name on lots of credit cards etc, mostly didn't pay and kept everything hidden. But, I need to get rid of…
Deleted
Deleted ..
Family loan & bankruptcy
My wife and I lent a family member a few thousand pounds as their new business was struggling and they needed a quick bail out. Looks like they may now be about to declare bankruptcy some months later. Is our money lost, or will we be able to recover it through the process of bankruptcy ? The family member WANTS to get the…
Car Help
Sorry for the long post but i am looking for some advice regarding cars, Due to the complete incompetency of the HMRC i am still waiting for my bancruptcy to go through having been postponed 3 times already, Originally we had a car on finance with 5 payments left totaling £1800 at the start of Feb, We were due to have my…
New poster, advice requested
Hi Not sure if this is the right forum, anyway, here's my story. About 7 or 8 years ago I ran up about £60k of unsecured debt . At the time I was in a well paid job and paying it off in due course would not have been an issue. Unfortunately I lost the job and have struggled since on various low paid jobs. All the debts…
Paypal working credit and bankruptcy
Hey guys, Anybody got any ideas how Paypal WORKING credit fits in with bankruptcy? I have a paypal business account with an amount left on the working credit (a % of a sale goes straight off the amount owed) but unsure to whether this is covered by bankruptcy. If anyone has any knowledge of this or experience that would be…
Trust Deed - Scotland
Hello all. Just looking for a bit of general information regarding taking out a protected trust deed in Scotland and the implications. If you're unsure as to what this is, here is the formal definition: A Protected Trust Deed in Scotland is a formal, legally binding arrangement between an individual and their creditors…
SOA Declare / not declare partners income
Hi! Please find below my SOA. All debts are in my name only, we do have 1 joint bank account and we have submitted the forms to remove my husbands name from it before I declare bankruptcy. I am the one declaring bankruptcy, my husband has no debts. I am just a little confused about the income part, declaring / not…
a long time ago
I went bankurpt just over ten years ago i was unempolyed at the time and shortly after this 6 to 8 months or so i moved back to my parents changed address and ive never apllyed for credit again till this day! I got on with my new life and just forgot about it all, now it has just occured to me that i never heard another…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What you need to know
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
Warning: 'WASPI' women affected by State Pension age rise should watch out for 'steep rise' in scams
If you're a woman born in the 1950s affected by changes to your State Pension age, be on high alert for scams offering compensation for this. Campaign group Women Against State Pension Inequality (WASPI) and charity Independent Age have warned so-called 'WASPI' women to be extremely careful, as there's been a reported "steep rise" in the number of scams targeting this group.
Martin Lewis: 'WASPI' women affected by State Pension age rise should beware 'steep rise' in scams
If you're a woman born in the 1950s, be on high alert for scams offering compensation for those affected by changes to their State Pension age. MoneySavingExpert.com (MSE) founder Martin Lewis has warned so-called 'WASPI' women to be extremely careful, as there's been a reported "steep rise" in the number of scams targeting this group – with some even using Martin's name.

View All

Bankruptcy & living with it

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Bankruptcy & living with it

Category List

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free