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Help needed, please!
Hi everyone, Any help would be greatly appreciated. I've rewritten this about 10 times to try and make it as concise as I can (and will probably edit it loads where I think I sound bad) but imagine it's probably still a long read, sorry! Situation I've got just over £45k in debt, going up every month - I don't think it's…
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Are payments under a CCJ/existing loan agreement classed as preferential payments?
Hi, I thought I would create a separate thread for this question for the sake of Google searchability for other people doing research into this area. The basis of this query can be found here: forums.moneysavingexpert.com/showthread.php?p=75971318&posted=1#post75971318 For those that do not want to read the background of…
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SOA Child Maintenance accepted outgoing?
Hey guys! Just a quick question do the OR accept child maintenance as an outgoing. The agreement is a mutual one between parties, no court order. The amount we pay is slightly above CSA recommended amount. Thanks in advance :-)
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Help with Income payment agreement figures
Hi I am currently going through the bankruptcy process. I have been working with CAP (Christians against poverty), have received all my final paperwork to do my bankruptcy and only now have they told me i will have to pay into an IPA. Even though i have been dealing with them for the past 8 months. I am a single parent…
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Selling beneficial interest to spouse - house in spouse's sole name
Hi all, Found lots of helpful info on here over the years but can't quite find a definitive answer to my question in my research so thought I'd post up! 10 years ago I defaulted on multiple credit agreements (combination of having too much money as an early-20 year old, being irresponsible with my borrowing, and then…
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Advice on Scottish power debt
Hello I am going down the path of bankruptcy in Scotland. One of my creditors is Scottish Power who supplies my electricity. Does anyone know how it will work having them as a creditor? Will I need to get a new supplier? Any advice. Thanks
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OR 'closing file'
I went BR in January 2019. As part of a more responsible approach to finances I have joined my work pension scheme (I'm 53 and don't have a pension!). My pension contribution means that I won't have an IPA (originally set at £30pm). The OR has asked me to send proof of pension payments once they start and said "Then we can…
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It has come to filing, last resort
Hi, We are seriously thinking of filing for BR today. Due to poor income from self employment in the past and family illness we now have CC and loan debts totalling £40000+ and monthly payments going out are around £900 without any dent being made. All balance transfer options have been exhausted. This has been tried…
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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…
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
