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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…
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Removing name from joint loan
I will be going BR shortly once I jave saved the money for the fees and I still live with my ex but separated. I have had my name removed from the joint account and this was very easy to do. The only joint finance we now have is a loan, my ex does not think he can refinance this due to credit score but can prove he has…
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Help needed
Hi I am new to the board and I am considering going BR due to having approx 25k on credit cards. This has built up over many years but got worse after having children with being on maternity leave and then only being able to return part time due to my husbands shifts. I have a number of questions that I am looking for…
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Bankruptcy Advise Needed
Good afternoon everyone I am looking for some help regarding declaring bankrupt. I have been with my wife for almost 7 years but from a previous relationship I have alot of debt. Some joint and some individual. This included a home repossession with a debt of approx £75k joint Car repossession Credit cards Loans joint Over…
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rental property
Hi..I'm looking at possibility of bankruptcy . I have a flat I rent out (mortgage joint names but just myself looking at bankruptcy) and it's in slight negative equity...I have been advised that the OR will take the rent from the flat leaving me to pay mortgage etc out of my own money...this would be impossible and looking…
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Bankruptcy and moving out?
Hi, I tried to get DRO, but one of the advisors I spoke to said I’m not going to be accepted as I have school/ tutor fees. In two years time I’m moving back to my country- that’s the plan, and my question is- can I apply for bankruptcy now and say that in two years I’m planing to move out? Will they accept my bankruptcy?…
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Insurance
Hi all, I successfully went Bankrupt in April but it’s been a very slow process for some reason. I have a question... unfortunately my car has been hit (drunk driver while I was in bed) and written off. The insurance company will probably pay around £800-£900 for it and it’s occurred to me that I might need to notify the…
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help and advice needed
Hi Just wondering if anyone can help me with a few questions, My partner and I have been in an IVA for about 7 months at the moment, It is going ok but I have had a repossession letter off the mortgage people (was in arrears before the IVA was set up and they wanted more then the IVA people had budgeted for) anyway that's…
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Before I click submit.
Ok I’m good to go, online form filled out and money ready to pay. Thanks for everyone’s help so far. But I’m slightly worried that I’ve missed off/forgotten a debt? What happens if I come across another letter or phone call between now and my interview? Can I add it then.
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Wages question.
Not sure what to put on my income. Basically I’m a hgv driver and get paid hourly and weekly. So some weeks I’ll earn X then I’ll earn Y amount etc etc. Shall I put an average, the lowest I earn or the highest I earn? Thanks
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POA when discharged from bankruptcy
Morning, Today is my discharge from bankruptcy day!! (Phew). I could just do with a bit of clarification over Power of Attorney. I have had POA for my Mother in Law for a few years, and know that during bankruptcy all rights are revoked regarding property and affairs, but not health and welfare. What I can't find any info…
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Credit file cleanup windfall!
Utterly bizarre thing happened today... after using the copy-and-paste email in the sticky and emailing it to Tesco Bank, asking them to update my credit file (to set a defaulted loan to 'settled' after discharge) they've send me a grovelling apology and a £50 cheque in the post - astonishing!!! :beer: What do I have to do…
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A stayed CCJ from before BR?
Stayed means?.... it says "Stayed "until further notice"? Is the CCJ dead and buried? its a car debt or lease thing
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Both going bankrupt.
Hi me and my partner are going bankrupt, we’ve tried IVA and DMP both failed. My main question is when filling our outing going do we split them 50/50 or put the full amount on both! ie rent, council tax etc etc
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Weird intellectual property question
If say, a musician went bankrupt, and after discharge a song they wrote decades ago (but never performed) became a commercial success, could the proceeds be claimed by the OR?
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Discharge and payment thingy
Up to what point are the IS likely to want a repayment plan (3 years) from a BR? at his discharge or is it possible after? A mate has had no job offers for 9 months and is due an automatic (1 year from BR) discharge in a month and has had 2nd interview for a job (albeit not very well paid)..
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Three letter thingy
What do you know about applying for sold debts to be written of (etc)?
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Being a trustee when have BRU
My nan is looking at altering her will and the possibility of putting some money in a disabled persons trust for my mum for the future as she's disabled I think you need to have two or more trustees? Would there be any restrictions of be being a trustee with my sister? I was discharged last year but have restrictions till…
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Mobile phone contract
Hi everyone I went bankrupt on 16th June and my 2 year mobile contract with EE ends on 19th July. I’ve never missed a monthly payment so do you think EE will allow me to move on to a pay monthly SIM contract as my phone is now paid for? Any thoughts or similar experiences much appreciated. Bella
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Advice on bankruptcy and car please
Hi all Just wondered if I could get a little advice please. I'm seriously considering bankruptcy. I'm currently getting ESA, Housing Benefit and full PIP (care and mobility) I have my own car that is valued around £2500-3000 (according to Parkers, although I think its closer to £3500 from used prices in the area. I…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.8K comments
Most recent: Moved: IVA / Debt Advice Please by sourcrates
5 January at 11:48AM
