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T O P I C R E V I E W
Colin.69
Posted - 10 June 2013 : 14:12:29 I owe over £1500 and have been unemplyed for the last 9 months or so. WOukld it be sensible to declare myself bankrupt as I am being chased constantly for money owed
3 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 10 June 2013 : 20:46:56 Always best to seek professional advice from an expert.
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
Richard P
Posted - 10 June 2013 : 19:19:05 if it is one or two creditors you might get lucky by writing to them and explain situation, they may give you some support
to go BR or DRO for £1500 may not be the best option
Good Luck Richard,
Niobe
Posted - 10 June 2013 : 15:05:42 Hi and welcome to the forum.
If you have no disposable income over £50 per month and no assets then it might be an idea to try for a Debt Relief Order. This will cost you £90 and you would be debt free in twelve months.
You can own a car but it can't be worth more than £1000.
You could have a chat with the CAB or an expert on here for some free 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
