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Removal of IVA from credit file
Hi anyone with experience of IVA dropping off credit file, and how long it took. 6 year mark was 13th March and it’s still showing on all credit files. Is this normal? I know someone will say send completion cert but I don’t have that yet and can take up to 6 months apparently
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IVA finished but I am getting emails, texts and calls saying I owe money. Please help
Hi, I am really stressed and don't know what to do. I have had an IVA for almost 6 years now. It was to be 5 years but they reduced my payments when the cost of living shot up so put an extra year of payments on me. My payments are done by recurring payments on my debit card each month and I have never missed a payment. My…
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Bankruptcy or DRO while living abroad
Hi guys, I have £30000 credit card debt that I soon won’t be able to make minimum payments for. I would like to apply for DRO or bankruptcy but I now live in Czech Republic. I meet the criteria as I have been a UK resident in past three years. Does anyone have any experience with dealing with DRO or Bankruptcy from outside…
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Self Employed and thinking of going bankrupt but not 100% sure
Hi, I’m after some advice for a family member who doesn’t use
the forum yet and is considering bankruptcy. Essentially, she is self-employed, requires a car to get to
work 3 times a week 100 miles away and works in Milton Keynes 1 or 2 days per
week. She has a car on HP and pays £400 per month with the half to
be paid off…
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Bankruptcy while in debt management plan
I have a debt management plan (DMP) but its getting increasingly more difficult to keep up with payments. I haven't worked since Dec 2022 because of illness so am in receipt of PIP. The DMP company have reduced payments but of the £90 I pay monthly they take 50% for commision. Is this normal or can I go bankrupt still as…
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Need advice on going bankrupt with a business
A company I owe money to is trying to make me bankrupt. The debt is large and is 5 years old. I have no means of paying the debt at the moment and probably won't for a while. I can pay say £500 a month. But they would not accept that as the interest is eye watering and compounds daily! I am however self-employed and have…
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Bankruptcy notice wrongly added to Title Deeds
My son is buying a new house but the solicitor has found a Bankruptcy notice on his Title Deeds dated 2016 which is nothing to do with him. He called the court where it was issued and explained whats happened and they asked him security questions. Name, ref Number date of court hearing, which was fine, then address which…
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Help needed
In 2022 I was made involuntary bankrupt. The whole thing been a nightmare as when the ruling was made I was sectioned under the Mental Health Act, couldn't attend the hearing and then had appeal blocked. To add to it I knew all along I was owed more than what the creditors would be but hadn't got the funds in due to…
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Ask a StepChange (formerly CCCS) counsellor a bankruptcy question
StepChange Debt Charity (formerly CCCS) has several counsellors answering questions in our forum. There are three ways to contact them: 1 - To ask them a question please post it below and Allen, Linsi, Kirsty, Rachael, Joe or Patience will post a reply here. 2 - If you would prefer to ask a question in private you can send…
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Bankruptcy approved - what next
I applied for my bankruptcy Thursday evening and got approved today. It happened much quicker than I thought it would and havnt had to provide any pay slips or bank statements etc Will I still need to provide these and will I still have an interview with the OR? There's no mention of an IPA, I don't think I would by my…
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Bankrupcy Advise - Re House / Mortgage
Hi All A friend has built up a large amount of debt (tens of thousands) over the past couple of years without telling his partner. He has since told his partner of the debt and is thinking of going bankrupt but how does that affect their joint mortgage? Thanks
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Opening a basic bank account but with no credit file?
Hello, I'm an undischarged bankrupt and looking to open a basic bank account. I'm of somewhat elderly years and have ZERO credit history: I've had no credit cards, personal loans, energy bills which have been in my name, phone contracts, TV subscriptions, etc, etc. So nothing on any credit file about me. I've been using a…
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Bankruptcy and allowable expenditure
Hi all, hope someone can share some advice with me regarding "allowable expenses", I've been doing some research myself but been unable to find. This would be personal debt related.As far as I understand there is a spreadsheet showing what is considered to be an allowable expense and I must fill this in but my problem is…
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Bankruptcy 30 years ago
Just by chance I checked the London Gazette and friends bankruptcy still listed there. AND a new notice for people to claim dividends complete a form and apply to the receiver. Why would this happen now? And a court number.
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DRO - Budget changes
DRO's soon to be free (no fees), upto £50,000 total debt and a car ignore value of £4000 Welcome news to many i suspect "In this week’s Spring Budget, it was announced that the government is removing the £90 administration fee for Debt Relief Orders (DROs) from 6 April 2024, and raising the maximum debt value threshold…
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Paid off mortgage ( post bankruptcy) and money in suspense account
Firstly, I would like to thank anyone in advance who reads and advises on this post, and to say to anyone struggling that although I was devastated when made bankrupt, everything passes and things do get better. To my dilemma and some background for context. My O/H and I were made bankrupt after a business issue where the…
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Ending IVA
Hello, I have been on the phone to citizens advice this morning who feel that I was miss sold my IVA in October 2023. I am no longer able to meet the payments they require and will be terminating my IVA to go ahead with Bankruptcy. If I was to contact my IVA supervisor to terminate would they still want payment at the end…
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Creditfix iva
Hey guys, I won’t lie I’m stressed to death. I agreed to an IVA with Creditfix then I realised it’s not for me and I’m looking to stop the process, there hasn’t been a creditors agreement yet until the 4th of March, I rang today a few times to see if I could get in contact with someone to cancel this and they have kept…
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How does joint income expenses and ipa work?
Just trying to get my head round things for impending bankruptcy. Me and my partner have just had to give up our business due to becoming unviable re energy costs. We lived above so also have had to move to temporary accommodation. One of our creditors has petitioned for bankruptcy which we won't be challenging. Obviously…
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Shared ownership mortgage in my name only
Hi, looking for advice on if my husband was to go bankrupt. I have a mortgage on our home which is a shared ownership property where I own 25%? the Housing Association owns the other 75% which we pay rent on. My husband is on the tenancy but the house was purchased by myself before we met. If he were to go bankrupt would…