hi i am in about 7000 to 8000 pounds worth of debt and cannot cope with the debt any more i am currently on job seekers allowance and getting letters through every day from debt collectors and the companies i owe money to it is really getting me down and cannot handle it any more if i applied for bankruptcy would it be given to me or would they try and sort something else thanks.
If you applied for bankruptcy you would get it based on your level of debt and your lack of income. Presumably you have no assets that could be taken into your bankruptcy estate.
I assume you are currently looking for work? If so, £8k of debt really is too low to consider BR. Instead, have you tried negotiating with your creditors or engaged a company to set out a DMP (debt management plan) for you? This could buy you the breathing room you need to get back on your feet without going BR.
cannot cope with the debt any more
Posted - 09 July 2008 : 09:37:27
