All Forums  New Questions  Forum Questions  I think I should finally now go bankrupt

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by steg90[/i] [br]Hi, I am new to this forum and was wondering if I would be allowed to go bankrupt. I have debts of over 25k to 3 creditors, one of these is a loan that has still over 5 years to go. Due to change of career, divorce I'm really struggling to pay my debts, although, I've still not missed a payment, but due to new career, this is soon going to happen as I'm not earning the same amount of money as I use to unfortunately, and the new job is part-time teaching which pays me around £1200 a month. I pay out around £650.00 a month in debts, £350.00 in rent, £97.00 council tax, £100.00 electricity, £12.00 tv license, £26.00 water rates. I've tried to get full-time teaching but due to what is happening to the public sector, this is proving extremely difficult indeed. So, is bankruptcy an option for me? Many thanks, Steve [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.