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Two vehicles and bankruptcy
Hi so I run a little business from home so self employed, Started off as hobby due to disability but as selling registered as self employed, now turned into a business more than a hobby. So question is as I already have car on motability for my own personal use, would I be allowed to by a second car under £1000 to use for…
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Bank statememts
Hi, i now have an IPO to sign but OR has also asked for last 6 months bank statements, my partner has refused to give over his financial details but he got his wage paid into my account (for reasons that i wont detail here), can i refuse to give bank statements over as this will show his income? Thanks
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Buying a Vehicle Whilst Bankrupt
Hi I am bankrupt who has a few months to go until discharge, who is reliant on their vehicle to get to work etc. Unfortunately, this recently broke down and as it needs a new engine (and was only worth a few hundred in the first place), is beyond economical repair I am currently borrowing a car from someone but they will…
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Discharge and IPA
Hi all this forum has been a fantastic help over the last year and helped me sleep at night throughout my bankruptcy application and beyond. I am due to be discharged soon and have read conflicting information regarding reporting income after discharge if you have had an IPA. I understand an IPA can last upto 3 years and…
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clearscore report
hi everyone I made myself BR beginning of march and can clearly dee the negative impact on my credit rating as I us noddle and clear score. strange thing is today I get a new report and on the changes section it says 9 changes and a few of the changes are " a credit agreement has been removed" when I look at my report all…
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Mortgage Broker
My Ex wife if looking for a mortgage, she tried a broker that claims to deal with ex bankrupts, first he made her pay cash up front for a credit search then offered her some extortionate rate product. I cannot help but feel he was trying to rip her off. I know been bankrupt you expect it not to be easy but she is now 7…
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freelancer going bankrupt
Hi, I've been working as a freelance software developer for a while now, but I also have accrued some debt (too much for a DRO) and due to a change in personal circumstance, I'd really like to use this time to start my application for BR. The problem I'm faced with, as a freelancer, my income is usually based on contract…
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Bankruptcy & Joint Mortgage
Due to a business liquidation i'm faced with £200,000 of personal guarantees (loans and overdraft). I have around £12,000 worth of assets which is my share of equity in house. I'm trying to negotiate a lower settlement figure with two main creditors but i'm aware this is unlikely due to the amounts owed. If i file for…
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Holiday after bankruptcy
I went bankrupt on the 8/4/19 most of my debtors were credit card providers, in January 2019 i paid for a 5 night holiday(flight & hotel) with one of the credit cards, at the time this was purchased i had no idea i would be bankrupt, I know this would be morally wrong but would i still be able to take this holiday? Or…
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Discharged!!
Just want to say a massive thank you for all your wonderful help and advice. When I wake up in the morning I will be a discharged bankrupt. I’m so excited. I do not have an IPA in place so from now on I’m going to do one over time shift a month and put that £200 in a savings account. I never want to be in this position…
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Are experian reporting my accounts correctly?
Hi there I was declared bankrupt on 27th november 2017 and was discharged on 27th november 2018. I have been checking my credit file with all three agencies and equifax have declared all my accounts as settled or partially settled and no longer showing defaults Experian are showing all accounts as a zero balance but still…
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UK Bankruptcy
Hello everyone, I'd like to ask you all for some advice please. I currently have a business registered in the UK and I have overdue tax that I cannot afford right now. What are my options? Could I go bankrupt and start a new company abroad? Thank you.
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Clearing your Credit File - Discussion
Hi all, I want to clear my credit file as 2 companies still have me as "default" on the Noodle credit report. I've submitted an evidence to both of those 2 months ago with no results. I've contacted one of the Lenders today and got a response: "Thank you for your email. I am sorry this is still showing as defaulted on your…
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6 months in, letter from OR
Hi, I was declared bankrupt in November 2018. I originally signed an NT IPA, and another IPA with a £250 surplus. Not long after signing, circumstances changed and my IPA was set to £0 as no surplus, on the condition that I still have to inform them if income changed within the 36 month agreement period. I received a…
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I’m trying to get my life back together. I want to start another small business. I need PLI
I’m trying to get my life back together. I want to start a very small business. No credit facilities, no overheads but I need PLI . How do I get it?
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House Repossession Dates
Does any one know how you can find out date of house repossession 8 years after the event with no documents? Thanks
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Property costs after Bankruptcy
I have a bit of a complex question not sure if anyone here will be able to help with but lest see. What happens to costs arising from a property that is owned by someone who is bankrupt but not yet discharged and the house has not yet been repossessed. This is in relation to a property that had a house fire and had to be…
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Outgoings query
Hi, I owe around £43 in debt (breakdown below), but from my initial investigations (assuming BR being the best option), I have a query regarding how my figures will look, for the application. My outgoings are... Rent £90 weekly Mobile £4 monthly Child £200 monthly Old council tax £150 monthly Food etc. £50 weekly total…
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IPA - Advice
Hi, This is my first post/question here, you all seem to be very knowledgeable, so here's my query/quandary. I am being made bankrupt by HMRC. I currently earn £180 per day - IT Tech support. - 13 days x 180 = £2340 - Before tax. I only work 3 days a week. I've calculated an SOA, which comes out to: £1644 So, my question…
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Credit after discharge
Just got a builder card from Capital One with £200 on it. Is it ok to max it to £200 most months and pay off in full, or put about £100 on every month and pay it off in full? I read somewhere that maximising your credit all the time was a no no.
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 ManyWays
14 August at 1:51PM
