You needed debt advice before taking a loan. Now consult with an expert, I think you will surely get a solution.

If they do not believe and they are forcing you, yes, you can complain to the financial ombudsman...

Hi, first time poster so please accept apologies if incorrect format.


My husband was made bankrupt by a creditor in 2018. We have a jointly owned property now at risk (our property is leasehold and has a short lease remaining). Trustee claim to have done a drive by valuation which is higher than what another creditor who has a charge on the property did.  We challenged the Trustee but of course, their valuation stands!

We will struggle to raise the funds they are looking for quickly, although we have offered a smaller lump sum payment which they rejected. Is there anything we can do to protect the home or to challenge what they believe the house is worth to reduce the equity? Thank you.

I was declared bankrupt in November 2018 and the certificate of discharge obtained one year later with no restrictions.
I had an Income Payment Agreement (IPA) instalment plan for the remaining tax year months of Jan/Feb/March 2019. IPA payments were made in full on time due to the NT code applied.
When the NT code was applied to my wage slips a full tax year refund was paid into my bank account.
I queried this at the time with the IPA team at Clarke Willmott acting for the Official Receiver. My main concerns were that HMRC would request this payment back and thus I would end up paying twice. They were unable to clarify or advise me the amount HMRC had refunded to me. This reply was received in March 2019 and no further correspondence until today, 18 months later.
No changes were made to my IPA under The Insolvency (England & Wales) Rule 2016 – 10.117 Variation of IPA under section 310A(6)b and now my IPA has expired.
The OR has now made changes to the bankruptcy IPA payments company, a new debt collection agency named Advantis Credit Ltd.
My question is can the debt collection agency’s legally force me to pay now I’m released from Bankruptcy and my IPA has finished?
Any advice or suggestions will be taken on board and I will keep the Forum updated on the outcome.
Many Thanks

does anyone know if the living expenses allowed in bankrupcy are more generous than in an iva and secondly although in my expenses ive allowed for child maintenance payments to my ex but sometimes the children stay at my house ( 52 nights a year) so will the OR in bankrupcy increase my food expenses above what i would normally get for those that live with me all the time.
i ask these questions because im currently 1 year into an iva and for various reasons its not working out so im thinking of failing iva and starting a bankrupcy but i dont want to find myself in a situation where the OR actually gives me less allowances than the iva.