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T O P I C R E V I E W
Father Ted
Posted - 20 May 2008 : 22:25:30 If I decided to declare Bankruptcy would I need to declare my student loan its through a home study course for a small monthly fee and no interest is charged.
I currently owe £26kish on a loan 1 Credit Card and 1 store card these are my only credit commitments besides a bank account with CHQ Gtee card and £100 overdraft.
I am also thinking of going into Full time education would a bankruptcy order affect my chances of getting a student loan/grants etc?
1 L A T E S T R E P L I E S (Newest First)
melanie_giles
Posted - 20 May 2008 : 22:48:44 Hi Father Ted
Yes you will need to include your Student Loan in the bankruptcy, but you will not be discharged from that particular debt at the end of the proceedings and will still have to pay it.
You will need to check with your local education authority as to their policy of further loans when there is a history of bankruptcy. My gut feel is that it should not affect you getting funding.
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
