I am a single mum and currently pregnant. IM receiving income support and total debt is over 5000. If i declare bankruptcy will my income support? The income support is all i have to pay for gas, electric and food for myself and children
If the debt is less than £15k then a Debt Relief Order could be one way to go providing you don't own your house or have any assets over £3k or have disposable income of over £50 per month once your bills have been paid. It would be done and dusted in 12 months.
However, I do suggest that you seek advice from an expert to find out the solution that's right for you. We have a couple of experts that post on her and their details can be found on the left hand side of the page under the 'experts' link.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Just to clarify as well, a DRO will only cost you £90 where as BR is £700 but you may be entitled to a reduction for certain benefits.
Please do seek some advice.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
As the others have said, you probably don't need to declare bankruptcy. Make an appt with the CAB or speak to an expert on here to chat through your options.
I am a single mum and currently pregnant.
Posted - 29 January 2014 : 23:29:46
