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Ask a StepChange debt advisor a bankruptcy question
September 2021: We have started a new thread as the previous thread was becoming quite long. If you’re struggling with debt and have a question around bankruptcy, this thread is here to help. There are many trained advisors from the debt charity StepChange here on our Forum ready to answer your questions. They’re…
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Credit Reference File Clean Up - Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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Bankruptcy & Living With It Sticky
Useful Forum threads from this board: * Ask a StepChange (formerly CCCS) counsellor a bankruptcy question * This board is for help not judgement If there are any other threads you’ve found to be particularly helpful on this board, do let me know. Related content from MoneySavingExpert.com: * Debt management solutions *…
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Credit Reference File Clean Up Post Bankruptcy
Updated 21/05/2023 by Sourcrates Post #1 - Credit Reference File Clean-up post bankruptcy. Post #2 - Letter to former lenders post bankruptcy. Post #3 - How to raise a complaint with the Information Commissioner. Post #4 - List of Data Controllers. CREDIT REFERENCE FILE CLEAN UP – POST BANKRUPTCY There seems to be a lot of…
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State pension and an IPA
Hi, and I'm looking for a bit of help for a friend of mine who's in her 60's and will be applying for bankruptcy in a few weeks but is confused about her state pension. She receives the full new state pension which is paid at £921 every 4 weeks which is her sole source of income and most of her social housing rent and…
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Bankruptcy and Money Lent to Friend
Good Morning, I wonder if anyone can offer me any insight? I am in the process of preparing all the information I need to declare myself bankrupt with debts of circa 35k and no realistic way of servicing them and I am concerned because in mid-October 2025 I lent £650 to a friend via a bank transfer. I know I shouldn't have…
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CCJ bankruptcy
Hello, MMy bankruptcy order was granted back in 2024. I'm just attempting to clear up my file where I can to the debts which still show in default. Firstly has anyone had any dealings with PayPal? No idea who or how to contact however this debt will fall off in 2027 so may just leave if. My main question is with ccjs. I…
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Bankruptcy Planning
Hi Guys…… I’m new here hoping someone can help me out. I have looked at many helpful and informative posts on here, but still need assistance. I’m considering Bankruptcy with £35,000 of debt but have a few issues that I’m confused about. I have about £100/200 of Disposable Income and my partner and myself are on State…
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Paypal
Trying to help a friend out who has nearly done 6 years post BR Paypal is showing as closed on all credit reports with the correct satisfied date showing However Friend can still log into Paypal - it does say account is limited - but is unable to completely close the account The reply from Paypal is - we acknowledge the…
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Car? Options now bankrupt
hi again, now I am bankrupt I am expecting the car to be repossessed as it cost £350 a month finance Maybe they will allow me to keep it. My family member has offered to purchase a car for me to get to work etc and I pay her back for less then the car finance. Is this allowed? It’s all above board nothing dodging. Just…
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Scared and unsure
Hi all, finally having recently been diagnosed with PTSD going back 15 years tours of Iraq screwed with my head. I am getting the help I should have done years ago. PTSD side effect means I cannot budget and I make stupid financial decisions. As off 1530 today I have submitted my bankruptcy application. Haven’t made any…
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home insurance - have you ever been bankrupt
hi all in need of some advice, me and my husband were made bankrupt nearly 30 years ago. we were discharged from bankruptcy along time ago, however I in the middle of renewing our home insurance and for some reason all the companies want you to declare if you have EVER been bankrupt, they don't ask how long ago, and then…
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Help please on husbands debts
It's a long post and I'm sorry but I really need some help. So the backstory put simply - husband had several companies with his son ( my stepson). Pubs and houses on one side and construction on the other. Husband ran the construction bit SS ran the rest. As I understand it SS spent ALOT of money on the pubs, by way of…
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Bankruptcy advice
Hi all, I am planning to file for bankruptcy around May this year. Most of my debts are now defaulting and that’s chugging away nicely, the ones that have defaulted, I’m paying £1 to, but I suddenly realised both my pay monthly car insurance (car needed for work in remote location) and my (and my partners) phones are all…
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Bankruptcy or IVA or DRO?
Person is Individual in England and has defaulted on unsecured Loans & Credit cards. Lost his job and now on Universal Credit and is in £10,000s of debt under £50k. Hardly any savings, no car, no assets apart from a couple of bank accounts in which he gets his UC paid into and probably has a few hundred quid to cover day…
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Actual IPA end date
Hi all coming up towards the end of my IPA (thank god). I made my first payment on 1st June 2023, and my final payment is coming out 1st May 2023. But when is the actual end date, as in up to what point do I need to tell the OR of any extra income? The reason for asking, is I will be doing a project for work in April,…
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At wits end..... c.30K HMRC debt - no idea what to do...
This will be long, and may ramble, but my brain is in bits over this... flicking from "it will all be fine", to circling the drain of despair... i have also done a fair bit of 'ostrich approach' but sadly it isnt going away. Arguably should have posted this a year (plus) ago and it could be in the HMRC section of the forum…
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New here considering bankruptcy
hi all I am reading through all of the information to try and help me make a decision. I have a large hmrc debt and am struggling to manage the monthly arrangement with them. I am a bit overwhelmed with all of the information on here so while I am looking through thought I would ask a question here and there for a quick…
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Bankruptcy or IVA - Advice Please!!
Looking for some advice on whether to go bankrupt or go into an IVA. Im already in a DMP with PayPlan but I’m taking on another £40k of personal debt after my company going into liquidation. So my total debt is around £60k. I’m a home owner, but jointly with my wife and also we had help to buy as well. So realistically my…
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Tax bill after bankruptcy
Hi folks, hope everyone is well and had a good Christmas :) After some advice from you knowledgeable people please. I declared BR in May of 2024, released in May 2025. Life has been so much better and the whole process was far easier to live with than id expected. Ive kept up to date with all my payments including my IPA.…
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HMRC on Doorstep
Heya, Not like this wasn't inevitable. I have just missed an in-person visit from the HMRC - she dropped a letter saying she will come back to discuss how I am going to pay in full. Obviously I can't do this as I need to go bankrupt - was hoping it would be them making me bankrupt or IVA company. It says if I don't pay…
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Bank accounts / Direct debits following bankruptcy
Hi, we’ve just had our bankruptcy approved. (Our Debt is from negative equity when our home was repossessed due to redundancy) We believed we had a basic bank account but unfortunately it’s classed as a current account and has been frozen. They have cancelled all our direct debits and we have no access to any money. We are…
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Moved: widow needs DIY probate help re insolvent estate
This discussion has been moved.
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Kept Car Through Bankruptcy, Haven’t Paid in Years — What Can Finance Company Do Now?
Hi all, looking for some advice
on a complicated PCP car finance and bankruptcy situation. Several years ago, I took out a
PCP agreement but quickly ran into financial problems. I made only the first
couple of payments before stopping entirely. A couple of years later, I was
made bankrupt. The Official Receiver declared…
Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).
