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Adam.15
Starting Member
3 Posts |
 Posted - 02 April 2012 : 08:34:09
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| Is it possible to declare bankruptcy if you can't sword any of the court fees? If so how? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 02 April 2012 : 08:37:27
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Hi,
I'm afraid you will have to pay if you declare yourself bankrupt. If you're on certain benefits you can get a reduction and there are some companies that can help you - nip down to your local CAB for advice.
The only other way is if one of your creditors does it for you.
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
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 02 April 2012 : 09:25:43
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Hi Adam,
How much debt do you have? Do you have any assets?
Can you post a little bit more information please.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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mydebtpages
Starting Member
43 Posts |
Posted - 02 April 2012 : 10:54:07
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Hi Adam.
There are two elements to the cost of self-declared bankruptcy.
1) The Official Receivers Deposit - this is unavoidable and is currently £525. It goes towards funding the Official Receiver's enquiries.
2) The Court Fee - this is currently £175 but people on certain benefits or a low income may not have to pay this, as suggested above. You need to fill out court form EX160.
Your only alternative to paying the OR deposit yourself is to get someone else to pay it. Sometimes charities, trade associations and benevolent funds can help, for instance The Royal British Legion can help with ex-armed forces.
If you cannot afford the fee at all you can look at other options which won't do you any harm and you may find a better option.
Regards
- MyDebtPages
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 02 April 2012 : 13:05:58
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Have a word with one of the experts Adam - their details can be found on the left hand side of the page and there may be another solution for you.
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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Adam.15
Starting Member
3 Posts |
Posted - 04 April 2012 : 14:00:28
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thx jan :D and others.
i have £7000 debt total with 3 companies
im currently with debt agencies and paying them but struggling to pay on job seekers allowance..
Im ex forces i left the army in september 2011
as for assets i have none..
with the economy nowadays im struggling to find a job due to lack of work experience which is why im am enquiring about this as a last resort..
thanks for all your feedback.
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 04 April 2012 : 14:28:03
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Hi Adam - forgive my spelling here, but if you contact SSAFRA (apologies probably got the spelling wrong)as you are ex- armed forces personnel they will provide you with funds to petition for bankruptcy, and help you take the worry out of dealing with your debt - don't be afraid to contact them, they are really good I have passed a number of clients their way, who have all spoken very highly of them
Hope this helps and good luck, if you need any further advice please do not hesitate to get in touch, Melanie
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have please do not hesitate to get in touch -I can be contacted at www.lifestylemoney.net or via the experts tab
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 04 April 2012 : 14:32:47
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Actually Adam, on your debt level it would probably be a Debt Relief ORder not Bankruptcy - no difference to you other than the fact you will not have to atted the Official Receiver or Court - it will be done for you, possibly by SSAFRA or failing that the Citizens Advice Bureau - fees much lower at £0 but SSAFRA can help you with that. If you want to chat things through please get in touch with either of the experts via experts tab on left hand side - scroll down and you will find contact details, Melanie
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have please do not hesitate to get in touch -I can be contacted at www.lifestylemoney.net or via the experts tab
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Adam.15
Starting Member
3 Posts |
Posted - 04 April 2012 : 14:44:39
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thanks for the information melanie will take it into consideration and have a look and chat with SSAFRA.
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 April 2012 : 15:01:44
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It's actually SAFFA Adam - here is the link:
http://www.ssafa.org.uk/
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 - 04 April 2012 : 15:17:40
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Thanks Kallis, for the life of me I could not remember the initials
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have please do not hesitate to get in touch -I can be contacted at www.lifestylemoney.net or via the experts tab
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Topic |
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Is it possible to declare bankruptcy if you can't afford the fees ?
