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tdb75
Starting Member



1 Posts
Posted - 30 January 2010 :  18:15:50  Show Profile  Visit tdb75's Homepage  Reply with Quote
How can I stop a bankruptcy petition

debtinfo
forum expert



2826 Posts
Posted - 30 January 2010 :  18:23:27  Show Profile  Reply with Quote
by paying the debt, if you legally owe the amount and the debt is not statute barred, and you are not paying it then you cannot stop the bankruptcy.

having said that, many companies threaten but do not go through with a bankruptcy, what are the circumstances in your case
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 30 January 2010 :  18:43:54  Show Profile  Reply with Quote
Have you had a date for a bankruptcy hearing?

If you are having problems with paying your debts, then you could consider going for an IVA or a DMP.

Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

Jan
xx
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 30 January 2010 :  23:26:11  Show Profile  Reply with Quote
I would really suggest speaking to an expert today.

depending upon who the statutory demand os from will identify how real the possibility is.

It is not difficult to postpone a Br hearing but to get a resolution you need to act quickly.

18 days from the issuing of a Statutory demand to file a defence, and after 21 days the creditor can petition for br

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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Housing
Senior Member



United Kingdom
1399 Posts
Posted - 31 January 2010 :  10:17:37  Show Profile  Reply with Quote
Hi

Follow Pauls advice TODAY as the clock will have already started ticking if you have received the statutory demand. You only have 18 days to respond with a 21 day timeframe.

Do not delay any further and good luck, Richard

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