Myvesta UK FAQs

Category » Advice, Alternatives, Options

There were 339 questions found in this category:

1. Bankruptcy
   Question: Hi how long once i have decleared bankrupcy can i start to rebuild my credit history also can i hold a bank account and what does bankrupcy cover does it cover everything i owe or certain things many thanks kelly Answer: You are bankrupt usually for a period fo 12 months, once dischar ...
2. Bankruptcy and advice
   Question: Back in 2006, i suffered severe financial problems which culminated in having our house repossesed and being kicked into the hands of the local council for housing. At the time, we had considerable unsecured debts plus the mortgage. we were trying to sell the property, pay off the mort ...
3. Bankruptcy
   Question: Hi there in looking to go bankrupt but am not shore how, i am worried as dont know what happens or as i am self employed havent really got a clue as to the whole situation ? any help please Answer: I understand the process of going bankrupt can be a bit overwhelming, and it may be bes ...
4. Bankrupscy
   Question: I have recently been made a director of my dads plumbing company. I am equal share holder and at the time of signing the agreement the company has a substantial debt. My dad did not want me liable for any of the debt and the accountant as far as i am aware said i am not liable for any ...
5. DRO
   Question: Hello, i am in the process of filing for a debt relief order, and i may be moving in with my partner in next few months, will this affect the DRO? also we are looking at moving to spain by winter, will this also affect my DRO? Answer: A Debt Relief Order is the same as being insolvent ...
6. Going Bankrupt
   Question: Hi i'm looking at going bankrupt, what would happen to things like mobile phone contracts and other direct debits I pay from my bank? Also I have a car which has 2 years of finance still left to pay, my father in law has actually taken over the payments but they still go through my ban ...
7. DRO
   Question: Would a property owned in the eu count as an asset in the uk when applying for a dro even if no property is owned in the uk Answer; A DRO, or Debt Relief Order, is the same thing as bankruptcy as that you are insolvent. In insolvency, any asset you have anywhere is viewed. The fact y ...
8. Bankruptcy and negative equity
   Question: If I declare myself bankrupt will I lose my house if it is in negative equity? Answer: If the property has no equity you maybe able to buy out any interest the Official Receiver/Trustee has under a low cost buy-out scheme. However, you will need to be able to show you can afford the ...
9. Application for Student Loan if Bankrupt or in high debt
   Question: Hi, I ham currently about £19k in debt, I have decided to go to uni in September and so concidering going bankrupt but I dont know if this will effect me getting a student loan, or if the debt will effect me getting the student loan. Thanks Sarah Answer: It will be up to who is g ...
10. Being a trustee on money left for my grandaughters
    Question: Can I be named as a trustee on money left to my grandaughters. The money will be in an account in my name and my daughters. I am currentley an undischarged bankrupt, any info would be really helpful Thanks Answer: You can inquire with the OR handling your bankruptcy as there can be so ...
11. Prison
    Question: I was bankrupt in 2003 i thought it was up in 2008 but it was not till 1.4.4009 on 31. 3 2009 i had to go bankrupt again the reciver said i could go to prison .. ive not herd any thing since i went to see the in april i have been ill over this to the stage am on antie deppresants pleas ...
12. Credit contracts at bankrupcy
    Question: Hello Thank you for answering my last question! will i have to loose my mobile telephone on a #15.00 per month contract. it has about 6 month. to run. what happens to my land line also with the broad band connection i pay quarterly for the line. thanks again Steve Answer: Steve, you a ...
13. Bankcruptcy
    Question: Can a long passed creditor find me anytime after I have declared bankrupt if I forgotten to list them as a creditor in the petition That is to say are only the creditors mentioned in the petition are active in this bankruptcy. Thankyou! Answer: To our knowledge the onus is on the credi ...
14. Bankruptcy
    Question: Hi, I have a question about bankruptcy. My husbank is about to petition for bankruptcy in his own name only. WE rent our home and have no assets as such, but both work. He has always paid the household bills (rent and electricity in joint names, phone in mine, council tax joint names) ...
15. Foreign National Marriage
    Question: I am currently considering bankruptcy, what is the current legislation regarding marrige to a foreign nationa would it affect entry rights. also how would my occupational pension be affected, i have no assets that i can draw on as i signed away any rights to family home which has now b ...
16. Bankruptcy
    Question: I am going to have to declare myself bankrupt very soon. house is going back to building society under voluntary repossesion. i live with my parents have no money and am waiting for benefits to start. i have two questions. 1. unsecured debts will make me bankrupt, what happens when hou ...
17. Bankruptcy
    Question: I have been discharged from bankruptcy and I have a house. I need to save it, is it possible to ask a family membet to pays fees for the official receiver and I do another IVA as the first one failed because of bad advise from a company that advised us to stop paying and they would neg ...
18. Bankruptcy
    Question: If i was made bankrupt by my creditors what fees would i have to pay? Answer: You would need to pay the fees to the courts, and any fees assosictaed with someone assisting you in going bankrupt. The fees for filing for bankruptcy are £510, (£522 in London) due at the time ...
19. Bankruptcy and Inheritence
    Question: I am considering going bankrupt, i dont have any assets in the uk but i have a future inheretence in hungary.Basicly my mum and dad write a will upon they death i will inheret the house, can this future inheretence be effected if i do go bankrupt in the uk thank you. Answer: Whilst in ...
20. Transfer of Assets
    Question: I am about to be declared bankrupt after building up a lot of dept with my ex wife, I now live with my girlfriend and transfered my car to her early on this year, due to being put out of work and now unable to pay my debts will the official receiver want to take the vehicle. Answer: T ...