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Craig.83
Starting Member
2 Posts |
 Posted - 29 March 2011 : 06:57:11
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| Hi, I have debts to the council for a few thousand pounds, I'm on a low income and cannot pay off, would going bankrupt help in any way? Thankyou |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 29 March 2011 : 10:03:01
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is the council your only creditor ?
if so go in and visit them they may have systems in place to help.
if your total debts are under 15K research debt relief order you may qualify.
Good Luck Richard,
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 March 2011 : 10:03:11
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Hi and welcome.
If you only owe a small amount and have no assets and less than £50 per month disposable income then a Debt Relief Order may be better for you.
Speak to the CAB and they will advise.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
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Craig.83
Starting Member
2 Posts |
Posted - 29 March 2011 : 11:31:19
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hi, yes they are my only creditor,theres a lot of back payment and just havent got the money to pay that off and pay my current council tax.
whats a research debt relief order??
thank you for your help.
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 March 2011 : 11:51:41
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A Debt Relief Order is for those with debts under £15k, less than £50 a month disposable income after priority debts have been paid, you don't own your house and you have no assets over £300. It will cost you £90 and lasts for 12 months.
Richard actually meant for you to go and research doing a DRO.
You can read all about them on here:
http://www.adviceguide.org.uk/index/life/debt/debt_relief_orders.htm
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 29 March 2011 : 11:56:19
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Thanks Jan
Craig most councils have a drop in service for helping with situations like yours.
as they are your only creditor I would encourage a visit.
Good Luck Richard,
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Hi, I have debts to the council
