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 I have been unemplyed for the last 9 months and chased constantly for money owed.
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Colin.69
Starting Member



1 Posts

Posted - 10 June 2013 :  14:12:29  Show Profile  Visit Colin.69's Homepage  Reply with Quote
I owe over £1500 and have been unemplyed for the last 9 months or so. WOukld it be sensible to declare myself bankrupt as I am being chased constantly for money owed

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 10 June 2013 :  15:05:42  Show Profile  Reply with Quote
Hi and welcome to the forum.

If you have no disposable income over £50 per month and no assets then it might be an idea to try for a Debt Relief Order. This will cost you £90 and you would be debt free in twelve months.

You can own a car but it can't be worth more than £1000.

You could have a chat with the CAB or an expert on here for some free advice.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 10 June 2013 :  19:19:05  Show Profile  Reply with Quote
if it is one or two creditors you might get lucky by writing to them and explain situation, they may give you some support

to go BR or DRO for £1500 may not be the best option

Good Luck Richard,
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 10 June 2013 :  20:46:56  Show Profile  Reply with Quote
Always best to seek professional advice from an expert.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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