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at wits end
Starting Member
United Kingdom
1 Posts |
 Posted - 03 August 2011 : 23:30:31
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| since my sccident some 5 years ago, i am on DVLA, unable to work,. but i no have £9000 credit card , plus have a £10,000 overdraft used up an over that aswell., wich is £5 a day interest plus overdraft fees . i just cant cope nomore, i cant ever work again, do not have a car , an rent a house of council now, will i qualify for bankruptcy ? . any advice would be great, an how do i do it , |
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Blackie
forum expert
United Kingdom
565 Posts |
Posted - 04 August 2011 : 06:39:55
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Hi at wits end
From the sounds of things you would not qualify for a bankruptcy but seek advice from The National Debtline - 0808 808 4000 - about appl;ying for a Debt Relief Order(DRO). Basically it is a government process whereby your debts can be written off in a year if you qualify. You would be eligible for a DRO if your debts are under £15,000, you have no assets and your disposable income ie. cash left over after you have paid your bills etc., is under £50 per month.
Hope this helps.
John Blackadder
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 August 2011 : 15:38:57
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Sorry Blackie, I have to disagree there - he has a £9k card and an overdraft of £10k which takes him over the threshold so a DRO is not an option for him.
I think bankruptcy is probably the best option.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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since my sccident some 5 years ago, i am on DVLA,
