Bankruptcy
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Can you have a bank account if you are made bankrupt? |
Can someone please tell me whether you can have a bank account if you are made bankrupt. I need to pay my wages in.
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Will I lose my house |
My mortgage is in my name only but if my husband is made bankrupt can I lose my home?
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What happens if my limited company goes bankrupt owing corp tax? |
Hi,
Firslty, can a limited company declare bankruptcy?
The company owes corp tax, but the money isn't there to pay, what happens if I declare bankruptcy, I have made no personal guarantees for the debt?
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does my partners income affect my bankruptcy |
if i become bankrupt does my partners income who lives with me affect my situation re how much i have to repay etc??
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My husband has been made bankrupt. Will we lose our house. |
I have just had a phone call from the Official Receiver - wishing to talk about the bankruptcy order from the Inland Revenue (in my husbands name). This was the first I knew about it. My husband has owed the Inland Revenue a lot of money for many years. He is self employed and hasn't filed tax return for 7 years.
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how much does it cost to make yourself bankrupt |
I`am on income support and get a low rate disability premium how much will it cost to go bankrupt voluntary
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I have a car worth £19000 and I am going to go bankrupt. Can I opt to keep the car? |
If I loose the car through bankrupcy, I will not be able to afford to buy another. However, I could keep up the monthly payment on the car. What would be the position on this?
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Can my wife be liable for my debts? |
I am about to go bankrupt and I have debts owing around £120,000. I have no assets of my own but wife owns a home where I reside. There is no mortgage to the house and I have never contributed towards the purchase of the house which was around 10 years. Can the debtors make my wife accountable for my debts?
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I live with my girlfriend and unemployed can they take anything out her house |
I am in a trust deed but i lost my job over 6 months now they are taking me to court (sequestration) but I get no money from the goverment what will happen will I need to leave my partner and kids so they can take anything out her house
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If I was made bankrupt 8 years ago, am I legally bound to declare it on applications? |
If I was made bankrupt 8 years ago and have spent a lot of time rebuilding my credit rating over the last 4 years, do I still legally have to declare that I was once made bankrupt if I am filling in a mortgage application or application for credit? On general credit card application forms, the question is not generally asked, but I know on a mortgage one it will be.
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What does having my bank ac frozen mean, will I have no access to my wages? & for how long? |
I am in process of going bankrupt, and heard my bank account will be frozen, does this mean I will not have access to any money that I am paid whilst they are frozen?
Should I open a basic bank account and get my monies paid in there, or would this then be frozen also when the bankrupcy process begins?
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Will my savings and assets be affected if my partner goes bankrupt. we live together. |
Me and my partner live together and are not married. He may have to bankrupt as he has lost his job. My wages will just cover our rent and utilities and my own loan repayment. I want to know if my savings of £1000 will be affected if he goes bankrupt .
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If I personally go bankrupt will the ltd co I am director of have its assets seized? |
I am the only employee of the company. My assets are primarily van, tools and laptop.
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Inheritance and bankruptcy |
I have been made bankrupt and am expecting an inheritance from a family member that may die soon. Can I keep the inheritance?
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Bankruptcy and joint mortgages, what law? |
I have a joint mortgage with my wife. If I am made bankrupt what happens to the house?
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are all my debts written off if i go bankrupt, even family ones? |
I went bankrupt last year but I owe a family member £5000, can I be taken to court for this. I was told I couldn't include personal debts on my bankrupcy application. I am unemployed and have no means to pay back any of the money yet.
Also if i move in with my girlfriend can she be liable for my debts or it affect her credit rating in anyway?
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What assets can bailiffs seize from the directors home addresses if they go bankrupt |
Bailiffs have turned up at our home address to seize assets as we are directors of a limited company.
can thet take anything as this is not the business address.
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I will be made bankrupt in 2-6 months |
However I have transferred some money to my wife so that she can pay her credit card bill and not follow me into bankruptcy, can the authorities claw back the money I have given her, and presumably declare her bankrupt if she cannot give the money to me / authorities (as it has been used for cc bill)?
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About to go through bankruptcy, how long before I loose my house? |
I am about to go bankrupt and have been advised it is likely I will loose the house as I have no assets and negative equity, how long before I loose the house and need to move out of the property?
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Bankruptcy - Can I still work as a courier driver self employed if I go bankrupted |
What restrictions are there on the types of jobs you can do if you become bankrupt.
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After bankruptcy - what happens? |
After bankruptcy what will happen to my life, bank account, job, car, home, clothes, TV .....
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what possesions can be taken when i go bankrupt? |
me and my partner are filling for bankruptcy as we hve xplored other options but this is the only way we can go do to alot of debt, and low incomes. what i want to know is what possesions will be taken when we go bankrupt? we both have a car, as we both need for our jobs, but they are not worth alot, will these be taken? and will any other of our possesions be taken? thanks.
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Bankruptcy and Pensions. What are the rules? |
I am worried that is I declare myself Bankrupt I will lose my pension, then I really will have nothing.
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I`ve got unsecured debt in my name only would my wife be liable if I make myself bankrupt |
I have £45K of unsecured debt to 5 creditors. In my name only that I had before we got married.
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if my husband goes bankrupt what will happen to my sole savings |
i have savings in my name only which i put money in for my girls will they be able to touch it if my husband goes bancrupt
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I can't afford the fee for bancruptcy. What are my options? |
I have no income at all and am living with my partner in abroad.I have debts in the uk and I can't afford the court fee to become bancrupt. Is there any help available?
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My wifes got £20k in my account. Will she loose it if I go bankrupt?cant easily prove hers |
Long story short(ish). About 6 years ago I bought a number of shares in different companies. A couple of years later my girlfriend (now wife) bought some of the shares in one company off me with her divorce settlement money. She lost custody of her kids so the shares were kept in my name due to possible csa complications.
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Both my husband and I are unemployed....can't pay our mortgage (already missed 2 payments).. |
what are our options....today i recieved a piece of mail with language like Debt Cancellation....what is that....who qualifies...any help would be greatly appreciated.
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Paying £6,000 to pay £18,000 debt, can it be true? |
I am just going through a bankruptsy form when my credit card company phoned and said if i can find 6 grand they will wipe off my debt of 18 grand,can this be done and is this right they said pay 500 pounds by the end of april then in may they will send a final demand for 5000 and 500 pounds and that's it.
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what happens to joint loans? |
I have a joint loan with my wife and i am considering going bankrupt, i have much more debt than her. What will happen with the joint loan?
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Do teachers loose their pensions and lum sums if made bankrupt? |
My wife is 9 months off retirement and may be made bankrupt. She has a teachers pension and an AVC.
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Income payment orders, what are they? |
I have read that if I go Bankrupt then I will need to have an Income Payment Order. What is it?
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we cannot afford the payment to go bankrup what are our options? |
me and my partner are both declairing our selfs bankrupt, after alot of careful consideration, cab meetings etc. the problem we have is as we are both on low incomes, we cannot afford the fee of going bankrupt as it is around £1000 is there a way we can spread this payment?
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just been made redundant and have £35000 of debt |
just been made redundant and have £35000 of debt jobseekers won't cover the outgoings, Should i make myself bankrupt? tried Debt management plans but not enough income to cover the basic payment i have a mortgage but not in arrears as my wife covers this with her wage
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I am facing bankruptcy but my house is in negative equity, do i lose my home? |
i am personally connected to a shop lease, the shop is now making quite a loss and the LandLords refuse to discuss a rent reduction with the current financial climate, so i am forced to close the shop and no longer can afford the rent amount.
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joint savings account whilst undischarged bankrupt |
me and my partner want to open a joint savings account will this affect her credit rating as i am undisclosed bankrupt
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If my partner goes bankrupt how will it affect me? |
Im all very confused. My partner may have to go bankrupt this comming month. How will this affect me? I live in his house - mortgage is in his names, the debts are all his in his name. We were thinking about getting married in a years time but he is now worried that they will then try and involve me in his bankruptcy and take anything that I own. What will happen???
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Can I keep my car in the event of bankruptcy? |
I am threatened with a personal bankruptcy action against me. I dispute the claim but in case I am taken to court and it does all go against me I wish to know whether or not I can keep my car. I find information on this matter a bit confusing on the web, most sites talk about being allowed a 'reasonable' car.
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if my husband goes bankrupt will we lose our house? the mortage is in both our names, |
but my husband has alot of debt only in his name. we have been late on 5 months mortage as my husband lost his job he is now working again so we can afford to pay the mortage but not the other debts.
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bankruptsy |
is it normal for a credit card company to hand post a letter and say '' you were out we need to talk about your credit card debt we need the money you owe please call the office
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i have been discharged from bankruptcy for six years, can i train to become an accountant |
or a book keeper, are there any restrictions , i.e. cannot be a chartered accountant etc..
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what's my best course of action when made bankrupt for council tax arrears? |
I owe £2400 in council tax and have been made bankrupt. My mortgage is for 105k on a house now worth 90-95k and is up to date with payments. My only other debt is a bank loan of 6.5k, would I be as well lumping this in with the bankruptcy? All advice welcome as I'm in a bit of a flap here.
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Is bankruptcy my only option? |
I am currently in a debt management plan and one of my creditors have now got a charge on my house. I also have a bank overdraft from a failed business i was involved in. I am now seiously considering going bakrupt however i really don't want to lose my home. if i go bankrupt will the charge be taken into consideration when the Official reciever looks at equity in my home?
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Can bankruptcy be refused by the court? |
My husband an i are due to be made bankrupt but during an appointment with the CAB a comment was made about how he hadnt had one refused yet, is this possible? we have found somewhere to live which we are due to move into a few days after our court appearence but are really worried about it because if the court refuse the bankruptcy we will still have all our debts, the mortgage and rent.
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If I become bankrupt and my house has negative equity will my mortage company let me stay |
I have been advised that I should go into bankruptcy in order to clear my debts. I have an interest only mortage. The property is now in negative equity. I have kept up with my mortage payments and have no arrears, my question is would the receiver allow me to keep my house, and would my mortage company also allow me to continue paying the mortage even though I was bankrupt?
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How will me going bankrupt affect my business partner? |
I have a business partner who has a property secured for the business loan. I am thinking about going bankrupt and want to know the implications on my business partner before I do so. Will they loose their property? Or will it just be a case of them taking full responsibility for the loan?
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Does anyone know where I can get information in English regarding bankruptcy in Spain? |
I live and work in Spain, own a house here and have a partner and child. Financially things have spiralled out of control and the mortgage company are talking of repossesion. We also have other debts. We are considering bankruptcy but obviously need some more information and advice. Could anyone point me in the right direction please?
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How do you make yourself bankrupt? |
Is making yourself bankrupt something I can do or does a company need to help me?
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Will i lose my home,if my husband goes bankcrupt ? |
I met my husband in jan 2009 & married in may 2009,yeah quick i know !,I own my house outright,with only my name on it,he had his own house with a morgage & secured loan against it & £50,000 worth of debt,he could only afford to pay the morgage & secured loan,so in nov 2009 we sold the house & paid the morgage & loan off,as for the £50,000,he got an iva started paying it in feb 2010 to pay the d
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Please Help: Implications of a Limited Company going into Liquidation (owing £80,000 Tax) |
I really need some urgent advice, my husband has a Limited Company which owes approx £80,000 in tax, made up of £30,000 payroll, £20,000 VAT and £30,000 personal earnings that he has payed to himself. He instructed an accountant to take care of payroll and tax etc but now we have been landed with this tax bill.
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If my restuarant business goes bust will they arrest my husbands/ bus. partners income?. |
My husband and I are partners in a struggling restaurant business. He also works for someone else on a salary. Will his wages be arrested if the business goes bust? Also he has previous unresolved VAT debt from a previous business. How would this affect a possible bankruptcy to the present business? Would our investors get their money back? We took second securities out on their loans.
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Can they have a claim on my partners house???? |
I have debts of approx 45k. They are all unsecured and i have no assetts. I failed an IVA approx 15 months ago and only a couple of the creditros seem to be chasing me. I have met a new partner who has her own mortgaged house. I have just moved in. Can they have a claim on the house??? We have no financial connection. Can i say i just lodge their?? Someone has mentioned beneficial interest???
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Can i emigrate and take a job abroad after i have been made bankrupt? |
I have an overseas job offer and already have the visa to travel and work aborard but i want to know my options.
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My Wife and I have Joint debts of approx £38,000. Should we go bankrupt?? please help |
My Wife and I have Joint debts of approx £38,000 with 6 different creditors and not one is a mortgage!
I am in fulltime employment, my wife is not working and is doing an Accountancy degree. We have a 2yr old boy and 3yr old girl.
We don't live a lavish lifestyle, infact we are on the brink of poverty trying to pay the amounts off and we are afraid this will start to affect or two kids.
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Does bankruptcy affect my daughter's possessions? TV,books, school laptop |
I live in a rented house with my 11 yr old daughter. I know i can keep household goods but want to know if her possessions are viewed as mine if I delcare personal bankruptcy. She has books, playstation console with games, a keyboard and board games and lego. Would these be seen as being my assets as I am her parental guardian and thne be seized to pay off my debts?
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If I go bankrupt will I be able to get a VISA to go abroad. |
I am currently looking at going bankrupt when my house has been repossessed. I have a new partner who is working in the USA and I want to know if bankrupcy would affect my ability to go out and spend his final year with him.
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If my husband goes bankrupt will it effect me? |
I am unempoyed due to long term health issues and in recipt of incapacity benefit and disability benefits. We live in a rented house. If my husband who has lost his job goes bankrupt because of loans and credit cards in his name only, will it effect me in any way?
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I took my name off the joint account will it still be frozen? |
Me and my husband HAD a joint account unfortunately I now have to go bankrupt as I have lost my job and due to health conditions am finding getting another job isnt so simple I'm currently on benefits which are paid in Giro form, I'm just worried that even though I took my name off the account I have had to list the account in the bankruptcy forms and they will freeze the account my husband consta
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If I am declared bankrupt will I still owe the negative equity on my mortgages? |
I have 2 mortgages with my ex partner. We bought 2 properties each for £200k 18 months ago. He left me 12 months ago and whilst one mortgage has been stabilised the other is 3 months in arrears. Both properties are now valued at £165k. I was made redundant in Nov '08 and have now moved in with my son as I had to leave Leicester.
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i am "discharged" does that mean i dont have to pay any debts owed before the bankruptcy? |
my credit file was marked as "discharged" after 5 months. Does this mean i am free from any debts owed before the bankruptcy order processed in Jan 2008 and the only ones i am responsible for paying are any bills valid after this date?