Moving on from bankruptcy 12 June 2021 at 4:29PM in Bankruptcy & living with it 3 replies 172 views

angie85

I filed for bankruptcy 2 years ago and have been discharged for over a year. The proceeds of my asset sales were insufficient to settle the debts and I had no income at that time to offset. Every 6 months I receive a request to provide details of my income but until now there not been any as my husband pays the rent, bills etc from his own bank account.

I am about to start a new job (part time) and wondered if some of my salary earned would be subject to some sort of deduction to repay my creditors at time of bankruptcy?
My husband has also said he could transfer money into my bank account each month just in case I needed to take out for anything rather than always keeping a small amount stored in the biscuit tin at home all the time. If he were to do this - would this be deemed as income that could then potentially be used to repay creditors at time of bankruptcy?

I was also keen to take out a new credit card (solely for the purpose of rebuilding my credit file) - I would just use it to pay for petrol and pay off in full each month...any recommendations?

luvchocolate

Do you have an IPA in place?

sc32365

If you had an IPA during the time you weren't discharged then they can deduct any salary you receive that is surplus to your expenditure for 3 years following bankruptcy. So even if you started earning now when it comes to the 3 year mark the IPA would stop. 

If however you did not have an IPA set up when you were discharged they now cannot implement one regardless of how much income you make and you no longer have to provide your income. 

This is my understanding but someone with better knowledge may correct me.

Vanquis, capital one, Zopa etc are the only types of cards you would get accepted for, all pretty similar to be honest although Zopa is app based so fairly easy to manage. 

sc32365

Assuming you had no orders or extensions to the bankruptcy made, you should be aware of any if they were.