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jum
Junior Member
172 Posts |
 Posted - 26 November 2012 : 15:58:15
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Hi, I am in debt to a total of £32446 split between seven creditors,When I had to cease trading in my garage in November 06 I wrote to all my creditors and have been paying them all £5.00 per month hoping things would change. I am now 69yrs old and and cannot afford to go bankrupt I have no assets and live on a pension credit and housing benefit ect. What I would like to know is do I have any other options, also all the debts are in my name only, if I was to die can the creditors hassle my wife, Hope you can help me.Thank you.
Regards J Denniss. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 November 2012 : 16:56:21
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Hi,
There is no other option other than bankruptcy and I doubt your creditors will do it for you.
If you die and you have no estate then your debts will die with you and they cannot hassle your wife. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 26 November 2012 : 18:05:12
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Hi Jum,
As Niobe has said, if you have no assets, the debt will not fall to your wife if anything were to happen to you.
It does sound like bankruptcy is the best option. Regarding the court fees, I suggest you make an appointment at your local CAB to see if you are elligible for funding to help with the fees.
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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Hi, I am in debt to a total of £32446
