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 Is bankruptcy a good option ?

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T O P I C    R E V I E W
oz_ Posted - 14 November 2008 : 13:47:21
I have a debt with the bank. It's somewhere in the region of £2000 but i am not working. Every time i make a payment to them, the interest or charges are always more than my contribution. Is bankruptcy a good option. And, how likely is my case to get turned down?
1   L A T E S T    R E P L I E S    (Newest First)
Needafriend Posted - 14 November 2008 : 14:29:32
Hi Oz

Welcome:-)

What assets do you have if any. Do you have any other debts that may be able to be tied in if you do go BR.

Whats your I&E.

Sorry to be so personal but we need a bit more info so that we can offer better advice.

Have you looked at any other payment plan like DMP or an IVA?

Jo
x


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/

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