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Florin.uk
Starting Member
2 Posts |
 Posted - 06 January 2012 : 11:57:53
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| hi , i have 2 loans 4000 but not bank , 3 credit cards 650 and 2 online pay day loans 550, my question is that i want to go back home in my country because i can't afford to stay here anymore , can i declare my self bankrupt so i can go home withouth any problem leaving behind . thank you |
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RHB
Senior Member
1159 Posts |
Posted - 06 January 2012 : 13:05:38
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| If you have no assets then a debt relief order might be easier & less costly. |
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Florin.uk
Starting Member
2 Posts |
Posted - 06 January 2012 : 15:12:12
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i don't have any assets at all , can tell me about this debt relief order and how much can it cost all this things thank you
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 06 January 2012 : 15:23:35
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Hi there
A DRO - Debt Relief Order is exactly the same as bankruptcy, but for those with debts under £15,000, do not own their own home (even if in negative equity) a disposableincome after living expenditure of less than £50 (a car if owned needs to be under £1,000 in value)
To apply for the order you need to make an appointment with your local Citizens Advice Bureau, they will process everything there for you, the fee is £90 (as opposed to bankruptcy fee of £700) and there isno need to attend court or the OFficial Receiver.
You will be subject to the restraints of the DRO for a period of 12 months ie not incur credit etc. Like all solutions it will remain on your credit file for 6 years
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 07 January 2012 : 09:39:24
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You don't necessarily have to use the CAB. Companies such as Payplan and CCCS also do them.
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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Topic |
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Can I declare myself bankrupt so I can go home to my country without leaving problems ?
