-
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?
-
PPI claims after Bankruptcy
hi, I know there is a sticky on this subject but thought I would ask for your help/advice on this matter. Will try to make this short. was discharged from bankruptcy 2007 and have now decided to claim PPI, all of these PPI claims go back to before I went bankrupt so all my PPI funds have gone to OR. The PPI refunds are now…
-
New job during bankruptcy
Morning all! I had the wonderful news that I have been offered a new job but I am still in my bankruptcy (will be discharged in August) My salary will be exactly the same. Will I need to let my OR know? My outgoings will be pretty much the same too. Just maybe a bit less spent on petrol. Will I need to call him and go…
-
help with fee
Hi, My friend is having a really bad time at the moment and is left with no option but go bankrupt. As it stands she is currently at 45k and rising in debt and has had her lease revoked meaning she is unable to make her payments. She is now destitute and her mental health and well being has really suffered. Long story…
-
Too worried to think straight - advice please
Partner is up to eyeballs in debt. Has tried hard not to be in this position but odds stacked against him. Now has £20k approx of debts. What should he do so we don’t lose the house? Married. House is mine. Has equity but don’t want to touch that. Only security I’ve ever had. What next steps should he take. Grateful for…
-
When does 6 yr rule start
Does the 6 years begin from the date of the Bankruptcy Order or the date of the Discharge ? Ours started 14th May 2014 and we were discharged on 27th May 2015. So does the 6 yrs end in 2020 or 2021 ? Grateful for some clarification. Thank you.
-
After bankruptcy finishes
Are all your debts cleared?
-
The Bankrupt Inn - Part 13
Christmas Eve, so we are all decorated up and a new thread. Cheers. :beer:
-
Ex has IPA, getting back together worries.
HI, I am separated from my Wife and have 2 children that live with her. She is bankrupt and has an IPA. I still pay most of the bills and give her around 150 p/m towards the kids. We are considering getting back together with me moving back in, my main worry is that although she works and takes home around £320 per month…
-
Some advice on which way to go please
I am in a bit of a bind to say the least, I moved abroad and had to wait 8 months to get a visa to work and during that time my wife had an affair and she is pregnant although its ivf so it is definitely mine. So with no work I relied on savings to pay the bills, that is all gone now and I have huge debts, two are over 5k…
-
OR and Bank Statements
Hi everyone I submitted my bankruptcy application today online. I'm guessing that the Trustee of OR will want to see bank statements/credit card statements. All my accounts are 'paperless' and viewed online. Will the OR insist that I get them printed (no printer) or will he approach the banks himself? Anyone else been in…
-
Does anyone recommend me a trusted service that can help us out?
"Hi, guys, My parents started a retail business in Toronto two years ago. They were successful for the first year but for a variety of reasons, sales eventually began to decline. My parents expected that they would be able to repay all their debts but the sales went down and we all realized things were not improving and we…
-
Partner bankruptcy help
Hi, Forgive me if this is all wrong, but i’m new too this..... My partner was made bankrupt in March this year it was a very difficult decision, but after having a break down which we have had to mange ourselves him being “debt free” so to speak was the only option he had. I have two questions, firstly when he went…
-
The right information on the forms
My wife and I are in the process of applying for bankruptcy. Our situation is a little complicated as we have three disabled children and provide full time care for them - 1 is an adult and the 2nd isn’t far behind now. We get a range of benefits which, as I understand, if they are in the children’s names won’t be counted…
-
Bankruptcy advice
Hi everyone! Thanks firstly for reading my post. After reading all the great support on here, I’ve decided to post about my current story and see what advice you all have for me. I am currently employed, with debts amounting around 28k, I have recently started defaulting with my 2 x credit cards, however everything else is…
-
HMRC Debt
Hi I have a debt with the HMRC regarding Tax Claims via Self Assessment, I have agreed an IVA with them to repay back monthly, however the amount I will pay over the next 5 years will not cover all of the debt, as such to recoup as much as possible the HMRC put a stipulation in the IVA agreement that I would sell my house…
-
Scared and anxious
Hello I've been reading allot of posts on here as I am about to submit my banķruptcy application but I'm really scared about a couple.of things. I haven't told anyone as im thoroughly ashamed and embarrased about getting myself into this mess. I know that details will be in the Gazette but is there any ither way people…
-
Discharged! What to do next?
So, that's me been discharged, a huge weight off my shoulders, and hopefully will help my mental health issues improve too. Do I need to contact the creditors to ask them to update my credit reference file or should that be done automatically? Is there any particular site that is best to check my reference file, or should…
-
new debt default whilst bankrupt
hi this is just a question I have wondered about but cant find any info. please note this is not for me or anyone I know just purely out of curiosity. say you are bankrupt and within that first 12 months you have a debt that you don't pay whets the criteria for creditors to get their monies owed but you are registered as…
-
RE: Badly Advised by Stepchange
Help! I had exposure to various debts and called Stepchange (the Debt Charity) to get advice. I thought it would be sensible if I could amalgamate my debts so thought that Stepchange would be the right company to go through. Although I was never behind or hadn't defaulted on any payments, Stepchange advised me to take out…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
7.2K discussions
41.6K comments
Most recent: Hoping to apply for a DRO by sourcrates
15 August at 2:19PM
