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 bankruptcy postbag for april
 Causes of bankruptcy - help please

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T O P I C    R E V I E W
SKA Posted - 06 April 2008 : 15:10:09
Hi there,
I'm filing for bankruptcy but am unsure on what to write as to the cause. I have become desperate and tried gambling a couple of months ago but how much detail would they need? Eg, is it sufficient to say the amount lost or would they want where and when details?
Thanks in advance.
2   L A T E S T    R E P L I E S    (Newest First)
JulianDonnelly Posted - 07 April 2008 : 09:10:18
Hi SKA,

Be honest with your causes of Bankruptcy, Make sure what you write in this section relates to the other information you have entered throughout the statement of affairs especially with regard to what you spent the funds on and over what period of time.

All the best,


Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
melanie_giles Posted - 06 April 2008 : 20:35:31
You simply need to work out when you first started borrowing money and then list down the sort of things you were using the credit for. If you have spend money on gambling then just be honest about it, as they will probably discover the expenditure in any event by examining your bank and credit card statements.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com

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