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Anyone with an IPA?
Hi all Just wondering if anyone would like to share their views about an IPA they have and how they are coping with it? Also is an IPA reviewed at all by the OR? or is it just set for the 3 yrs at the start unless you inform them of any changes? And are you still discharged or is it put back until you have finished the…
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Bankruptcy 2
Hi, Back in 1996 I was made bankrupt !!3 yrs} and six years later my credit file was clear . Unfortunately I am close to bankruptcy again .Do I really need to tell the O.R about my previous BR ? If I dont own up,have they got thier own records going back to 1996 ? If I do, will my 2nd BR be worse ? Any advice appreciated.
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Any BR couples with an IPA?
Hi again all It's me again worried to death..didn't sleep much last night worrying about the possibility of a hefty IPA! I'm due to start the job monday. OH seems to think that i should leave things and wait and see if our discharge comes in the next 3 weeks then report it if not or leave the job if it's not gonna leave me…
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Quick Question
Hi everyone, I have searched the forums but still wondered whether anyone could offer me some advice. I'm considering bankruptcy after losing my job in September, and i'm unable to meet my minimum payments and loan payments. However, I have a new job but i'm on considerably less than my previous job, 45% less, with limited…
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Advice needed please
I am completeing my forms online to apply for bankruptcy, I am stuck on a few questions: when I was last unable to pay: I havent missed payments yet as I have been able to juggle but I have no room to juggle any more, I am unable to afford payments so do I wait untill I have missed payments or work out when I had so much…
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Council Tax Arrears-BR Threatened
HI All, This is my first post, although I have been lurking for the last couple of days and been educated a lot in that short time. Hopefully you can lend me the benefit of your experiences, so here goes:- I am 38 with a DH and two children aged 3 years and 18 months, we're currently living in a one bedroom flat owned…
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dirty shirty letters AFTER br....
I know someone who has gone BR in the last 6 months, 2 of his creditors are still sending nasty letters despite being told of his BR and given all the details, the letters have been passed to his OR. the two are HSBC (owed about £10K) and a Fuel company (he was a self employed sole trader haulier (not a ltd comp)) for £3K…
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reduced payment agreements?....
I wrote to the 8 credit card companies i owe (its just them and hsbc bank od+loan) and ive been told i must get my "financial advisor" to contact them, well ding dang doo, i aint got one, and i aint paying for one either. anyone know of a letter template so i can offer em £25 a month or they can BR me? im on a wing and a…
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Would It Be Better To Go Bankrupt???
Hi,am currently on a DMP with £70,000 of debt, been thinking would it be wiser to actually consider going bankrupt as staying on the DMP we are going to be paying for ever, cannot get IVA as 1 of our creditors is over 25% of total debt.Would going bankrupt be the best option?
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Halifax Basic Bank Account
Hello My first post, although lurking for a couple of months. I will post a "hello" thread soon :D My Halifax Basic Bank Account was closed yesterday, even though the OR had no objection to it staying open :confused: I found out when logging on to make some payments last night. Also very sneakily they allowed my Pay to be…
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Will they take my stuff if my husband goes bankrupt?
My husband is seriously considering going bankrupt. He doesn't have anything of any value so they wouldn't want anything he has. I haven't got anything of much value but what I do have is important to me and has taken years to collect. It's just my record collection, my collection of wrestling figures, some elvis stuff and…
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OR Interview
Does anyone know how long after the interview we will hear about whether our car is exempt and if so will we lose it on value grounds? OH needs a vehicle to actually work sodoes anyone know what the usual procedure is if they claim it on value grounds, are we going to be without a vehicle while they sell it and raise funds…
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Discharged bankrupt?
Hi all, I was due to be discharged on 27 October and have just searched the IS website and it says I have been - hurrah! However, I haven't heard from the Receiver or anyone else - I don't have a 'bit of paper' or anything that states I've been discharged - should I have? Is this normal? Any help gratefully received -…
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Second time bankruptcy
Hi This is my first posting, although I have been lurking for many months. I have followed many threads from those of you who are going through bankruptcy and have found lots of useful info. Like many of you, my debt has gotten out of control and I am now at the point where I am finding it difficult to make even the…
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BR in The Royal Courts of Justice - What's it like?
Hello, Since I live in London, I may have to present my Bankruptcy Petition at the Royal Courts of Justice in The Strand. This sounds rather daunting, does anyone have any experience with Bankruptcy in the above courts? and how do they compare with regular County Courts? Thanks
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NT code already!!
I got my payslip this morning and my tax code has already gone to NT... I only sent the forms back last week so I'm surprised it happened so quickly. Do I need to contact my OR and let them know or will they have some way of knowing?? Obviously I will keep back the money I would have paid in tax but I haven't set up any…
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Reducing IPA?
Hi all, Thanks for all your invaluable advice so far guys. I was wondering if it's possible to reduce my monthly IPA payments...originally I didn't factor in holidays, Christmas etc - just resigned myself to 3 barren years in those departments. I'm getting married next year:j and need to save LOTS of money - is that a…
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Credit rating
Hi again, I've just checked my credit rating file with the agencies, Experian etc, and a certain financial institution has been registering non-payments and defaults for 6 months of this year - I went BR last October. I thought that when you went BR they stopped doing that. Is it me that's got it wrong or are they out of…
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Job for an undischarged bankrupt!
Hi all! Both myself and my OH were made BR on 2 April this year. About 2 months or so ago we filled in the SOA with a view to a possible early discharge. Then over a month ago i received a letter saying that everything has been investigated and that the OR was to make an application to the Govt for early discharge..we have…
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Thank you
I just want to say thank you to all you 'experts' - I went bankrupt on 4th April 2007 and my bankruptcy was ended on 6th October after 7 years of worrying myself silly about all the credit problems. I am still left with a car loan with a shark to deal with and my student loans but at least things are now manageable.…