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I live with my parents,expecting my first child

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Ellie.11
Starting Member

1 Posts

Posted - 30 March 2011 : 22:41:48

I live with my parents, Im expecting my first child and am in about Ł700 worth of debt that I am unable to pay, I am currently in the process of claiming income support and dont have any spare money to pay my debt, is it worth declaring bankruptcy. I am only 20 years old

Niobe
Administrator

United Kingdom
4590 Posts

Posted - 30 March 2011 : 23:01:59

Hi and welcome to the forum.

You won't be able to do bankruptcy for that amount, but you could possibly do a Debt Relief Order.

Could your parents help you out with this?

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx

debtinfo
forum expert

2826 Posts

Posted - 31 March 2011 : 07:11:52

or an administration order

Niobe
Administrator

United Kingdom
4590 Posts

Posted - 31 March 2011 : 17:04:24

Or possibly come to an arrangement with the creditor(s) to pay it off over a period of time.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx

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