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T O P I C R E V I E W
AZZ
Posted - 03 September 2008 : 13:10:11 Hi Azz here again,
i have recived a letter from an agency saying thay if i dont start making payements they will apply for bankruptcy and make me bankrupt? i dont understand how they can do that. Can anyone help on this please.
PS . Its bloody raining again!
Regards
Azz
CAN'T THINK OF ONE YET!
1 L A T E S T R E P L I E S (Newest First)
JulianDonnelly
Posted - 03 September 2008 : 13:24:45 Hi Azz,
It depends on the level of the debt. If it's over £750, they can issue a Statutory Demand which can result in your BR.
However, this is the usual scare-mongering that most debt collection agencies use. They'll be far more likely to (eventually) go for either a CCJ, or sell the debt on to yet another agency (it's not unusual for a debt to pass through several debt collection agencies before legal action is taken).
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
