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Dean.gr
Starting Member
1 Posts |
 Posted - 03 November 2010 : 05:27:04
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Hi
My debts are
nationwide account = £700
Orange Phone = £500
Credit card = £7000
I can afford to pay any of my debts,my income is very low,dont no what to do,so ive left it.the only option i have is to clam bankruptcy,if i do clam for it how can anyone pay the £600 fees,i dont have that sort of money?thanks for your help |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 03 November 2010 : 08:34:42
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A Debt Relief Order (DRO) may be better for you as your debts are below £15000. There is more information at http://debtrelieforder.org.uk/ as well as the list of agencies that can assist with getting the DRO set up.
The fee for a DRO is also a lot less than BR at less than £100. |
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Blackie
forum expert
United Kingdom
565 Posts |
Posted - 03 November 2010 : 08:45:54
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Hi Dean
There is an alternative called a Debt Relief Order which costs you £90 and if you fit the criteria, you will be eligible.
Basically you have to have debts under £15,000, own a vehicle but no other assets and have less than £50 disposable income left at the end of the month once your bills have been paid. If I were you, as you have access to the internet, I would suggest looking up DRO's on the web. There are also plenty of people who can help you on this website.
All the best.
John Blackadder |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 November 2010 : 10:00:46
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Your vehicle has to be worth less than £1000 I think. You cannot be a homeowner. Visit the link posted by gettingoutofdebt, you can get all the information you need from there.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
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Topic |
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Bankruptcy fees
