All Forums  archive  Forum Questions  i have had a bankruptcy petition served on me help

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

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 Reviva UK[/i] [br]Hi kath69 and welcome to the forum. Do you mean a creditor has written to you and it says on the top of the letter "bankruptcy proceedings" OR have you been served with a Statutory Demand. If it is the latter you will have 18 days in which to defend the position . After 21 days the creditor is able to petition for your bankruptcy. Couple of things to remember. 1. as an individual you must owe them £750 or more 2. it will cost them around £2000 to petition for your Br with court costs and soliciotrs fees. 3. Often creditors use the serving of a petition to scare you sensless and get you around the table to talk about repayments. maybe you could let us know how much it is for, by whom ( some creditors use this tactic more often than others ), is it a formal Statutory demand or a letter. with more info we can advise more accurately. Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.