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Car insurance renewal
Do I need to inform my car insurance that I've been made Bankrupt? They've just sent over a renewal and I am wondering if me informing them I've gone bankrupt will increase the quote?
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Bankruptcy, Mental Health, Addiction
Firstly, let me apologise in case I have put this thread in the wrong place, or have not added to an already existing thread which may be relevant. At the moment, I am feeling a little bit lost. If I have put this in the wrong place and someone could redirect me I will gladly post this somewhere else. I also apologise if…
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Help to Buy loan after bankruptcy
Me and my partner have been considering bankruptcy for a while now. Stepchange advised us a 20 year DMP was the best route to deal with our debts as we are homeowners. Hoping to be out of debt sooner than that so we can get on with our lives so just after a bit of advice before we press the bankruptcy button. After reading…
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Clarke Willmott
Hi, I am now discharged, yay! But i still have 27 IPA payments to go. How was your experience with CW? Do they stay in touch regularly? Do they need bank statements now and then? How often? I am expecting pay rise in couple of months. How do they treat these? Do they automatically take extra money? Last time I had pay rise…
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Creditors / Debt Recovers still try it on!!!
Why do these companies persistent in contacting / chasing monies when they know it's been included in the bankruptcy? Clearly they are trying it on but isn't there a law that they can't make contact or ask from monies once the bankruptcy has been included and agreed? Lowell are a prime example!!!
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3 months left - accidental DWP debt!
Hi everyone 3 months left of my BR - everything has been going well, can't wait to be discharged. Over the last two months my mental health & scoliosis was catching up on me, so I was signed off work for two months on Universal Credit. As I was struggling I asked for the advanced loan. I ended up getting an offer of part…
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biting the bullet
Hi All, I have decided that we are going to go bankrupt and it is the best option for me and my family. I have a few questions I am hoping someone can help me with, My partner and I are both in IVA's we have missed this months payment as we are trying save to get a deposit to rent a house. (currently have a mortgage but…
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Some questions if anyone can help?
Some questions if anyone can help me please :) . Question 1: Can an IPA be set up after you are discharged from bankruptcy? For example discharge date 1st of September, OR asks you to go into an IPA agreement end of that September? Or is it, when you are discharged then it’s over? Question 2: When it says you are…
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Completing the online form
Ive got as far as keying in all debt. Is there anyway that allows notes or somewhere to write more information? Or just boxes and questions the whole way through? Also double tripple checking.... If i miss any debt out i will be covered for debt from the bankruptcy granted date and prior even if NOT on form.... Right????
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Ipa dread
Ive been avoiding br for 6 years and now finally ready to press go on the application. However the thing im losing sleep on is the ipa payments. We scrimp by as it is and im worried they will force ipa payments that we will struggle with. Any advice? What sort of budget do they seem fit to for a family of 4 to live from?…
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Tax refund in IPA
Hi, Came home to a surprise cheque from HMRC for £250, it states "correspondence relating to this payment will be sent you separately" but I'm guessing it's a refund for last tax year, if that's the case then according to insolvency service I believe I'm allowed to keep this as I declared bankruptcy in February and IS says…
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Beneficial interest - Stamp Duty ?
Hi Good news and my offer was accepted to buy back the beneficial interest in my home. We have agreed on £25k and a bit worried as see some mention of stamp duty on the letter received from the OR Do I have to pay stamp duty on the house or is this for houses of a higher value Any advice appreciated
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Solitcitor Benificial interest ?
Hi A good friend is helping me buy back beneficial interest in my house and not sure if I need a solicitor to advise? Is it a simple process as pretty skint due to using some savings to pay the BI Advice appreciated
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Warranty claim, money returned to card of a creditor
Evenning MSE, A suitcase which I bought 3 years ago has broken down I was offered a refund last week to which I agreed to. The suitcase was bought on a card of one of my creditors listed on the bankruptcy form. I was discharged almost 2 years ago and so the account no longers belongs to me. Is it worth to mention to my OR…
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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 -…
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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…
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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?
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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…
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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…
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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…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
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Most recent: Couple of DRO Clarifications Please by sourcrates
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