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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…
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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…
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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…
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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…
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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…
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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…
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Bankruptcy Question
Hi All My now ex wife has gone bankrupt due to Gambling debts she racked up of £68k and stole another £48k from her employer, luckily no charges were pressed. We have a property which is jointly owned and she lives in the property with my son who is 9. We currently have the house on the market and we received an email back…
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Tax credits debt
Can anyone advise please, before I went bankrupt I wrote to tax credits for the final and full amount I personally owe and they wrote back to me and my husband and said we both owe ‘x’ amount each and divided it between us. So I went BR first and that debt is wiped no problem. My husband went for a DRO as his amount was…
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Help with bankruptcy payment
HI MARTIN ive started the process for bankruptcy as i owe 24k . can u suggest anyone that helps you to find the fee of 680 as curerently i can only pay 50 a month into it which means gonna take me 7 months to pay it..> im allready being hassled for the payments from four lenders.?
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Great job opportunity - pointless taking it.
Afternoon Folks,
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IPA and credit file clean up
Hi, In May this year I was discharged from bankruptcy. I am still paying IPA though. Some of the creditors have marked my credit file correctly, but some of them did not. I have sent an email to each of them requesting to mark my file appropriately (used one of the sample letters). Lloyds was very quick, they did not reply…
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Are student loans subject to IPA?
I am thinking of going to university but know that bankruptcy will be approaching in the next few months (house being voluntary surrendered). Will student loans be taken as an IPA? Thanks
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NPD MBI {Edited by Forum Team}
i posted a couple of years ago on the savings forum as i had concerns about my investment with (then) MBI carehomes, a director of which was {Edited by Forum Team}. his maladministration of MBI has now been brought to light in the courts, some two years ago my investment was 'divested' into a hotel room with NPD (northern…
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Bankruptcy Advice
HI All I have recently split with my wife as I found out at Xmas that she had been a secret gambler and owed £118k that I knew nothing about, all this was done on credit cards, loans etc.. She has since gone bankrupt to get rid of the debt but we do own a house with a mortgage and secured loan on it, there is about £66k…
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think ive made my mind up
Hi all, I have been doing some research over the last few days and I am think bankruptcy is the best option for me. I have been in IVA for about 6 months but I feel it isnt working for me and due to the arrears on my mortgage they are starting repossession as I can not possibly pay the arrears off in one payment and the…
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Home Beneficial interest
Hi I have just received a letter from the insolvency service in regards to the beneficial interest in my home and their interest of roughly £30k I have contacted a couple of estate agents as requested to see if the valuation is correct and if it can be reduced. My question is would it be possible to ask for a charging…
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Beneficial interest offer
I have roughly £30k beneficial interest and wondering if i can make an offer rather than pay the full £30k? Even if they try to sell the house im sure they would not get full market and the buyer would make an offer. Do you think £20k offer would be accepted?
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Hello all
Hi everybody, I've got a few questions I'm looking for answers. 1) Do I need to work while bankrupt? 2) If not, do I need to go on jobseekers or can I simply live off my partner? 3) If my partner starts a Ltd company and I work for it without pay (not an employee) partner takes all the monies after corp tax as dividends is…
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Bankruptcy Tax year
My bankruptcy order made on 20th April 2018, by that time i was self employed, now i am discharged from bankruptcy, i was allowed to continue my business as a self employed, so i want to find do i need to file SA for bankruptcy year 2018-2019, if i do what will be the procedure, I found somewhere that you don't need to…
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My partner has savings
I went bankrupt earlier this year. I have recently submitted the financial questionnaires to the Insolvency Service. My partner worked for my business so has lost her income although does not have any personal debts save the mortgage. I have another job but at a far lower salary and at present there is a significant gap…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
