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Advice needed - considering Bankruptcy
Hello guys! I have spent the last couple of days reading over this forum and have plucked up the courage to ask a few questions after seeing the help others have received. I am seriously considering bankruptcy. I do have an appointment with the CAB on Friday but like to be armed with as much knowledge as possible. I have…
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Odd 'DCA' type letter years after going bankrupt
I have received a letter from a company called "Intrum". It says: "We are attempting to contact xxxxx regarding a personal matter and your address has been supplied as a possible address. If you are xxxxx please contact our offices immediately on 01737 xxxxxx quoting your Intrum Reference number xxxxxxxx at which time…
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BR & Company Vehicle
Hi all, I have a question for you, which may sound ridiculous, however you’ve never let me down before. I’m in month 11 of my BR. I’ve just been given a promotion at work which now entitles me to a company vehicle. I’ve spoken to my OR who’s basically said that I can continue down that route, however, the ongoing vehicle…
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SOA Question
I am looking for solutions to a debt problem of around 90k. Looking here it seems a good idea to post our household income and expenses so we can get some people with experience to advise. A little confused on completing the online SOA. I am getting a few benefits like Housing and Council Tax. Do i list these under income.…
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Annulment
My husband was sadly made bankrupt 6 months ago by one creditor due to historic business debts he has been made liable for. We have a joint property with equity that could pay off the bankruptcy which I understand is in someways, a fortunate position to be in. We are too young for equity release options. We've explored…
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Credit file cleanup questions
Hi, I am 5 years post bankruptcy now and have looked at my credit file to see that 2 of the closed accounts have been updated by the lenders, one to May and one June for some reason. All the other closed accounts are within a few weeks of my bankruptcy date which is fine. My issue with this is that I have no idea what my…
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Trying to go debt free
Good morning all, Recently one of my old creditors from 2013-2014 has been in touch with me which has given me a "kick up the bum" to sort my debts out. I contacted Step Change and we went through my options and while I'm currently a stay at home mum and not in employment, I decided that the best option for me would be to…
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DRO advice please
I am in process of entering into a dro due to breakdown of marriage and being left with all the debt. The debts were in joint names but I am still living in the rented property. My question is would the debts come back to my landlord? Ie, gas, water and council tax. As they have already contacted my landlord regarding the…
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Changing job mid way through bankruptcy
Hi, my bankruptcy ends on 12 December. I have no iva and normal tax code. I could stick it out till December but I'm bored and want a better job now. I've got a permanent job atm but will go through agency on new jobs. Could be a different job each week also could miss a few days so cant give a definite on how much I will…
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Secured loan with dissolved company????????
Hi Some brief help would be appreciated. Bankrupt in 2012, 1 x secured debt attached to house, the bank who the debt was with transferred it to Incasso I believe. Incasson have been dissolved and the company that bought them are closed now too. So, do I still have this debt, its still attached as a CCJ, would it go back to…
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June's 2013 BR Club
:staradmin Hi Everyone and Welcome to the June's 2013 Bankruptcy Club :staradmin This club is for everyone who has gone or going through the process of Bankruptcy during June 2013. So please feel free to join and post. Pop your name on here, the date that you went/are going Bankrupt. Then just keep everyone in the club…
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Discharged in Scotland
Well that's our first year over and done with, we both received discharge certificates in the post from our trustees this morning but I have a couple of questions and haven't been able to get a response from them so can anyone help? As title suggests we are in Scotland and went bankrupt (sequestration or however it's…
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Bankruptcy...I don't know where to turn
Hi all, I've dropped a huge clanger and don't know where to turn. My wife and I split 5 years ago and I left her the house, but didn't get around to transferring it in to her name solely. I racked up debts of £8000 and, stupidly, without advice went bankrupt. Because we're 3 years down the line the trustees want my share…
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Rossendales and BR
Hi, I've just today completed and submitted (paid) for my BR application and after being pestered by Rossendales regarding an outstanding council tax debt, they have informed my that my application changes nothing, I still owe and even today, are required to set up a repayment plan. This totally goes against what I've read…
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Partners debt
Hi I have my own debts (£4100 owed) that I am considering a DRO for as my only income is benefits and I'm struggling. However, my wife also has debts in her name (£15000 owed). I was wondering, instead of me doing a DRO, is there any way that we could take care of both lots of debts at once? Is there such a thing as a…
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Incoming and Outgoing confusion
Hi, I'm currently in the process of completing my application and I've hit a problem. Income ====== I'm on UC and my gross benefit figure amounts to £643.71 I have 2 deductions, made against the above... £47.67 (for repayment of a tax credit overpayment debt, years 2017-18), around £1100 outstanding £29 (for repayment of…
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State Pension & Bankruptcy
Hi, In the process of Bankruptcy in Scotland (sequestration) and drawing up a household budget for the AIB application. At the moment my only income is a state pension. Will I still be required to hand over any surplus income to creditors. There won't be much but Mr Google is giving mixed advise about whether state pension…
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Bankruptcy question
Hi there My son has a Iva in place but he's struggling to pay it He wants to declare himself bankrupt he still,lives at home Me an hubby have a mortgage and good credit How will this effect us we're very worried can anyone offer me some advice Thanks in advance.
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Deed of trust and bankruptcy
Hi. I was made bankrupt in 2010 I owned a property with my parents and then husband. We were tenants in common with a deed of trust stating % owned etc. The insolvency trustees are still holding my portion and won't accept the deed which proves at the time I was in negative equity.
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Advice for working whilst Bankrupt
Hi all, My first post, Can my girlfriend start a company and be the sole director, while I work for the company on minimum wage to avoid an IPA? Any profits the company has, my girlfriend would profit from them. Is this illegal or just morally wrong?
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
