Bankruptcy & Living With It

A question about : Post bankruptcy and secured loan

Hi.

Our business folded in 2010 and we were declared bankrupt in 2012 and later discharged. We heard recently that the OR no longer has any interest in our house as it is in ( slight) negative equity which was a huge relief. We went into voluntary bankruptcy through CAP and have always done everything by the book. As advised we paid our mortgage but referred all other creditors to the OR or CAP.

A question about : Equity in House 6 years Post BR

Might sound silly but I'm worrying, for clarity, can the OR touch the equity in our house 6 years on?

When we went BR we were in negative equity and so purchased the interest for Ј1 each, anyway time has moved in and as well as mortgage payments making a difference, house prices have gone up to the tune we now have Ј60k equity.

The reason I'm asking is because I've just accepted an offer on the house and it's just worrying me, what if they take it?

I'm stuffed, and probably homeless!

A question about : Welcome to the Bankruptcy Board

Welcome to the Bankruptcy (BR) Board.

Hello and Welcome, Many of the posters on here have been through bankruptcy. They will be able to help, advise and also offer you support. We do have posters who have/do work for the OR and Debt charities too.

Written by Fermi our board guide:-

A question about : Tax Return after BR

Hi,

Am a self-employed sole trader. Made bankrupt end of last month. The OR said I didn't need to worry about tax until April this year when I needed to set money aside again.

A question about : Look here first

Main thread links:

Look here first - Bankruptcy Help: Important topics, factsheets and links

Ask a StepChange (formerly CCCS) counsellor a bankruptcy question

BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]

This Board Is For Help Not Judgement

Credit Reference File Clean Up Post Bankruptcy

PPI Claims after bankruptcy

Charities who help with BR Fees

Reasons for your BR - 6.28

The Bankrupt Inn ~ Part 12

A question about : IPA

Hi

Have a quick question probably obvious but just checking

I am already BR (10 months) and paying an IPA, have some expenses that have increased Rail travel to work etc. My file has been passed over to the LTADT - Is it to them that I write requesting an adjustment ?

Many thanks

Best answers:

• You would contact Clarke Willmott who collect your IPA payments, they will then instruct you on what happens next. You may need to fill out a new IPOQ that shows your new living expenses.

A question about : Nationwide mortgage after BR

Hi,

I'm looking for a bit of light at the end of the tunnel!

I was declared br in June 09 and received ed in dec 09.

Since this time myself and my husband have saved Ј20,000 and are now wanting to buy a house. We haven't had a mortgage since 2007 so are classed as ftb again. We've seen a new build at Ј215k that we like and we qualify for the help to buy scheme as well as the developer 'putting in' 5% towards a deposit.

A question about : Turned down for current account

Hello All

I had a DRO that was completed in March 2012. In 2013 I did start the credit clean up however it has now become clear that I did not follow up enough.

I applied for a TSB current account and was turned down so checked my file and Halifax are still showing as Default for the credit card and loan I sent 2 letters to Halifax in 2013 asking for the information to be updated but did not begin any complaint nor, I'm ashamed to say, did I check.