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T O P I C R E V I E W
e070jj433
Posted - 27 July 2009 : 19:53:56 Expenditure exceeds income. Should I go for bankruptcy? And if so what about personal possessions? My car is worth under £800 and I have a computer probably worth £100 which I need for study. I am also a part time student.
1 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 27 July 2009 : 19:59:30 Hi,
How much are your debts? If they are under £15,000, you have no assets other than your car which are over £300 and have less than £50 per month disposable income after your normal living expenses, then you could be eligible for a Debt Relief Order.
Otherwise bankrupty could be a solution for you. Your car and computer should be ok.
