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 I'm really struggling to raise the money for bankruptcy
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Daz
Starting Member



1 Posts

Posted - 24 January 2012 :  18:05:05  Show Profile  Visit Daz's Homepage  Reply with Quote
I'm really struggling to raise the money for bankruptcy proceedings.

Is it wrong to borrow whatever I still can in order to pay for the proceedings?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 24 January 2012 :  22:19:06  Show Profile  Reply with Quote
Hi Daz and welcome to the forum.

I know the fees are really expensive but you should not borrow anymore money now that you know you are insolvent.

The OR will take a dim view of it and it could be classed as fraud as you would be taking the money out knowing you had no chance of paying it back.

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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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 25 January 2012 :  16:07:44  Show Profile  Reply with Quote
Hi Daz

are you working or in receipt of benefits?
It may well be worth an appointment with your local Citizens Advice Bureau, not only can they help with advice with regard to fees etc (especiaily if on low or benefit income) they can assist with the forms required to enable you to file for bankruptcy)

How much do you actually owe?

Melanie

Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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