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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…
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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
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.3K discussions
41.8K comments
Most recent: DRO Approved - Pay rise and Universal Credit (joint) by sourcrates
27 February at 1:12PM
