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T O P I C R E V I E W
marathon
Posted - 16 February 2007 : 12:25:15 i need to get some help in clearing my £75,000 debt i feel like its a lost cause i thought consolidation loans would help but i have just got myself into more debt... what can i do to solve this, i work and i rent my property i do have CCJ's and VAT on the £75,000
Would bankruptcy be a no no to anyone with political aspirations?
1 L A T E S T R E P L I E S (Newest First)
BankruptcyHelpline
Posted - 17 February 2007 : 16:12:43 Hi Marathon, Bankruptcy restricts you from certain positions in society and includes being an M.P.
You may not be a Member of Parliament in England or Wales. Various other restrictions are not set out in insolvency law; these include not being able to act as a local councillor. If you wish to check whether a Bankruptcy restriction order restricts you from being elected to or remaining in an office or position, you should contact the appointing or authorising body or group.
You can include all your debt in bankruptcy including the VAT
