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i have just under Ł15000 debt on credit cards

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Alan.45
Starting Member

1 Posts

Posted - 06 February 2011 : 11:41:40

i have just under Ł15000 debt on credit cards and just over Ł6000 in mybank & saves.
i have now retired and recieve Ł220 in pensions which is my only income.
if i went bankrupt would they take all my money and leave me pennyless or do they have to leave me with some savings to live on and pay the bills

Housing
Senior Member

United Kingdom
1399 Posts

Posted - 06 February 2011 : 13:36:58

Hi

From what you have described, BR may not be the best or most appropriate solution - Ł15K is not a lot of debt.

Why not link to one of the experts to get some soundings or make contact with your local CAB

ome back whenever you need to

Richard

"There are no problems - only solutions"

RHB
Senior Member

1159 Posts

Posted - 06 February 2011 : 17:15:53

Is that 220 weekly?

Put down everything that you spend, heating, food, petrol etc & see what you have left over. You may be able to offer this sum in a DMP & the creditors may freeze the interest.

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