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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…
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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…
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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…
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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
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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…
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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…
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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…
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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
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
