bankruptcyhelp.org.uk Forum - What was the debt for? (SAO)

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bankruptcy postbag for may

What was the debt for? (SAO)

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WINCHESTER78
Junior Member

248 Posts

Posted - 29 May 2008 : 14:24:32

What was the debt for? In this section do I write a basic answer Personal Loan;Credit Card;Catologue etc. or do I say what it was spent on?

Viki.W
forum expert

United Kingdom
2211 Posts

Posted - 29 May 2008 : 14:34:49

I think you write what the debt was spent on, ie, consolidation, gambling, house refurb...... if you can remember. Viki X

JulianDonnelly
Junior Member

United Kingdom
325 Posts

Posted - 29 May 2008 : 14:44:44

Hi Winchester78,

Things like "loan" or "credit card" are unacceptable answers. Instead, "general living expenses", "debt consolidation", and even "holiday" or "home improvements" are perfectly acceptable.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk

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