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 Hello.I have a question. have bank debt 1000 GBP
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Peter.tr
Starting Member



1 Posts

Posted - 27 January 2010 :  18:17:04  Show Profile  Visit Peter.tr's Homepage  Reply with Quote
Hello.
I have a question. I do have bank debt 1000 GBP. On top of this I have couple direct debits to pay each month which are 400GBP plus rent 500GBP. My income after tax are 1000GBP. I can't repay my bank debt and live normally because everything I get I have to spend on my bills.
I live in England since 2006. My nationallity is Polish. I never have had any financial problems since. Can I claim bankruptcy? Or is there any other sollution to me?
Thank You.

gettingoutofdebt
forum expert



2418 Posts

Posted - 27 January 2010 :  18:31:35  Show Profile  Reply with Quote
It really isn't worth going bankrupt for £1000. Is this a loan with the bank? If so try speaking to the bank to see if you can work out lower repayments.

What are the other direct debits for? Are they for other creditors (loans, credits cards) or are they for council tax, electricity, etc.?
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Housing
Senior Member



United Kingdom
1399 Posts

Posted - 28 January 2010 :  09:59:57  Show Profile  Reply with Quote
Peter,

I suggest that you go to your local Citizens Advice Bureau (CAB)- what you describe is not worth going BR for.

The CAB will give you free advice and speak to your creditoors for you.

Good luck, Richard

"Life is generally something that happens elsewhere" (Alan Bennett - author and one of my best heroes!!)
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