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  1. Hi All, I have an old secured loan with Welcome for £7000.00. Since Welcome went bust I've not paid anything (perhaps the odd token payment) and have dodged various DCA's. 2 weeks ago the current DCA holding the account wrote to me to advise that they will no longer rely on the security in my property and will take steps to remove the security from the land registry. This seems like a really odd thing to do but I am highly suspicious? Could they be up to something? Anyone else heard of this? Many thanks, Limelight Bournemouth BTW The account has al
  2. Hi My OH brother has 29k of debt he owes the nice taxman, he pays him £200 a month out of his minimum wage pay (court ordered payments), he also owes some council tax, not sure ho much and they are also threatening to take him to court too. He wants to know if he can write these debts off by going bankrupt? he rents a house, has a £200 car and no assets so i dont see why he shouldnt Any advice? thanks
  3. A family member has been sent a letter from Intrum threatening that they will consider issuing a Statutory Demand for Bankruptcy proceedings. The alleged debt is one Intrum bought which is for over £10,000 and is about 10 years old.I also know the debt isn't statutory barred in the near future. A previous DCA was sent a CCA request about 6 months ago, this was not adhered to and they said they were looking into it. Do we now send a CCA request to Intrum and a SAR to the original debitor in readiness for any proceedings? many thanks in advance for any advice
  4. Hi all I am new the CAG i would just like to see if anyone could help or give me the best advice on bankruptcy on a personal agreement my partner and i are directors of a LTD company The LTD company had a debt with a supplier (not sure if i can post their name ) the debt was 11938.71 in March this year they sent us a statutory demand / winding up petition which we did not want to happen as thats our monthly income so if they wound the company up me and my partner would have no income to pay the debt off we agreed with their solicitors a payment plan of £500
  5. I have today received a CCJ claim from the Northampton County Court Bulk Centre, for a credit card that was held with HSBC a few years ago. The last statement I can find for the account is 2009, although the assignment to the DCA was later than that date. Having read through the forums for some advice (which is very handy and I'm very grateful for) I'm going to write to them tomorrow with a CPR31.14 requesting the agreement, default notice and the assignment. From people's past experiences, what are the chances of them providing this information? And do they have t
  6. It's a few years since I was in trouble with debts, and on a much more even keel these days. Or to put it another way, all my previous woes have long since dropped off the bottom of my credit history (ie 6 years). Recently in applying for financial products (mainly mortgages), I noticed they ask the expected questions about bankruptcy, credit defaults and even simply making special arrangements with a creditor. So far so obvious. What bothered me was they ask if you have "ever" had/done any of these. To which my answer would be "not in the past 6 years" if I were being truthful
  7. My wife has about 40k in debts and is thinking about going bankrupt. The house is in my name only and we are worried about beneficial risk. The house was purchased before we got married and I paid the mortgage off 2 years after marriage with my own money. My wife has paid nothing to the upkeep of the house and improvements since marriage. My will leaves the property to my daughter Is there any risk to our house due to beneficial risk do you think?
  8. Hello. I apparently have £12k Council Tax arrears. I recently got a Sheriff Officer hand delivered letter demanding payment within 14 days. The arrears start from 2002 until 2018. I have 4 questions. 1)If I was not living in the property, (housing association) during the time of the invoices, but still on the voters roll (and tenancy agreement), do I still owe these arrears? (I can prove I was living at another address for several years, under a separate Council Authority). 2) If I made myself bankrupt, can I include all of this 'debt' under it? 3) How can I s
  9. Hi, I am after some advice regarding bankruptcy and voluntary repossession. After losing a previous job, I am approx £8k a year down on my wages. I am currently in arrears on my credit card and loan repayments. Up to now my mortgage is up to date, but despite my best efforts to cut back on expenditure I still cannot make ends meet. I do not want my house anymore as there is work that needs doing to the property I have no way to finding the money or repaying it if I did. What I have decided to do is fie for bankruptcy and ask the mortgage company to
  10. I've attempted to post this in the bankruptcy forum but the site won't allow it for some reason (possible bug?) Anyway, im looking for advice on how to move on with my current debt situatiuon I have 33k of current debt and 44k of historical debt, so 77k all in It's almost all on credit cards are from the following: WTC overpayment Housing benefit overpayment 02/Lowell Two overdrafts Im currently dealing with two court matters due to historical debts and when i look at all the accounts over the years i owe money on i feel im left with no option but to go bankrupt
  11. I signed a franchise aggreement (unfortunately) and I would like to know if the : personal guarantee`s that was included is legal, if it was not witnessed, at the time of signing, and their is no provision for a witnesses signature, is there a set format for this, and could it be deemed invalid and/or, not binding? when is a deed not a deed? Your advice would be welcome. Thanks!
  12. Hello, I was recommended to post on this site and time is also not on my side! I appreciate any input and advice, thank you a) I went insolvent in September - since the date, I went to the HSBC branch with my wife to remove my name from the joint account and sign over responsibility to my wife as a sole account holder (including overdraft £900 and joint consolidation loan £326p/m on 18k). She did IE sheets and was telephoned across, approved, and we signed. The joint loan was part of my bankruptcy I understood it that my wife would take responsibility of that, hence goi
  13. Hi everyone, So I've hit my limit in managing my debts and cannot continue anymore. I owe around £20k credit cards and one loan, where over the last 6 months I've gone over my credit limits due to increasing the interest rates I've spiraled out of control and feel lost. I have defaulted on one credit card already but am thinking of defaulting on the rest of them because i simply can't afford the monthly payments anymore. My question is, should i default on them all and then offer them / DCAs token payments or simply go bankrupt? I've got no assets and am renting a property at th
  14. Hi All, Firstly thank you for your time reading this, but Im not sure where to turn, or the advice I need. The situation is I am in debt, alot of debt. Its always been manageable but recently i have been ill and had to have time off work. This factored with the problem that I am self employed and it hasn't been a great year has grated on my purse strings, and I am now at breaking point. Currently I owe about 85K outstanding made up of the following:- 35k PCP car agreement. - Black Horse 10K Credit Card - Barclays 5K Credit Card - HSBC 5K Credit Card - MBNA
  15. Hi, Received a call from unknown number just before Christmas asking me to ring a number to discuss a matter - I didn't. Today have received a letter from Redwood Collections whose number it turns out was the one I was requested to ring. Letter is below, and is all they have sent to me, but my request for assistance from CAG (legends!)is what should be my first step with dealing with them, who I have never heard of or dealt with, as yes I dispute the whole debt for myriad reasons, but I want to be seen to be doing the right thing by replying to them - wit
  16. Hi guys I was made bankrupt in October 2008 and was subsequently discharged 12 months later. In February I received a court claim from a personal debt that I forgot to include in the BO. I filed all the defence forms and the Judge ordered that I provide proof of my bankruptcy so they could consider the claim being struck out. I filed a copy of my credit report (showing date of BO and ref number), a letter from HMRC that was stating due to my BR my UTR was closed etc, a letter showing the release of interest from the OR in my property. I was unable to provide any more p
  17. My pal was made Bankrupt early 2001 and discharged under the old rules. This dropped off her Credit File after six years and nothing is shown. However, yesterday she received a letter from McGinness Associates referring to her Bankruptcy and PPI: "We would like to make you aware, that after being discharged from your Bankruptcy, you are now entitled to claim for compensation for PPI". Personally, I take this as an Invasion of Privacy. Does this firm go through old copies of the London Gazette? Being so long ago my pal had more or less got over
  18. I was having difficulty with my debts which are around £12K. I am on benefit, and so I foned up Debt Free Direct to see what they could do. I am very upset that all they could offer me was an IVA - 7 years paying £130 a month. Naturally I had to sign up because I was getting constant harassment of one of my creditors Halifax who kept foning me up every day demanding money I didn't have. I am now wondering if the IVA really was the right solution; they didnt offer me a Debt Relief Order which is what I would have prefered. Is there anything I can do besides letting the
  19. So keeping a long story short I was declared bankrupt in April 2011 and discharged in October 2011. Part of the bankruptcy incorporated my Natwesticon bank account and loans. Moving forward I was contacted by Natwest in 2014 regarding the mis-sellingicon of PPI and eventually they awarded me money as a compensation settlement. As I had been declared bankrupt I contacted both Natwest and the Insolvency Service (Birmingham Office who dealt with my case) and was told that between the two of them they would sort the situation out and I guessed that the money would go towards those companies w
  20. Hi Have a long story so will try to shorten it to relevant information. I have debts of about £35k from a business I gave up in 2013. I was a sole trader so they are all personal debts. They are all unsecured loans. On and off I have visits from bailiffs and debt collectors. Some are reasonable, some are rude and abusive and claim to have powers they don't. I have not let any of them into my home, nor do I answer phone calls or letters. I have severe mental health problems and this is not helping. . I have had advice from cab which turn
  21. I've found myself in an odd situation which no-one seems to be able to give a straight answer on. I've googled endlessly and found no similar cases. I'm sure my situation can't be unique but maybe it is. I was made bankrupt in 1998 and as a result the forfeiture clause in my personal pension with Prudential (originally Scottish Amicable) kicked in. This just meant that they would hold my pension in trust while it carried on building as before. The only difference being that on redemption any lump sum would have to be paid to someone else. Now I want to take advantage of the new rules by t
  22. Have received a B10 notice and when I called the court a hearing is on the 8th sept, I would like to have the hearing adjourned and not sure how to go about it. Tomorrow I am going to send a SAR to them, That do not have a CJJ and have not issued a claim. I believe they have issued a Statutory Demand. Its on behalf of Capital One Credit Card. Its possible I was paying PPI and have paid excess charges on the account. The Debt is only 2-3 months away from being statute barred. Its for a total amount of £1.746 which £400 is costs. Should I
  23. I'd like to start this thread with a big, fat 'mea culpa' and declaring my limited company insolvent AND declaring personal bankruptcy are the only routes left to me & I'm at peace with that. I have confirmed this having spoken with my accountant, an insolvency practitioner the accountant recommended, the Citizens Advice Bureau and Business Debt Line. My question, however, is in which order do I execute these? Business first then personal? I've had conflicting advice from the IP and BDL. I only want to do this once (obviously) and do it right so am nervous of st
  24. Hi I am about to file for bankruptcy in Scotland for £20,000 in debt. I've buried my head in the sand for years and see this as the only way out, I only earn £800 per month and my husband gives me £800 for household bills. I am concerned regarding dealing with official receiver and then requesting bank statements . I have been gambling on average £40 per week for the last year and my husband has also made large transfers into my account for a loan he had taken out ( he had no bank card at the time so in effect he was using my account and my card). Will the offici
  25. A London Borough Council has started bankruptcy proceedings against me for unpaid business rates dating back to 2006. They apparently took out a liability order back in 2006 against me, even though I wasn't liable for the whole period they say I was. The debt is close to £12K and since I cant overturn the liability order, I am thinking of paying the debt since I don't want to be declared bankrupt and lose my house. The councils solicitors now want a further £500 in court costs and another £2K in legal fees, which I protest. I would like to know if I am liable for the le
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