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Damsel_in_Distress
Junior Member
174 Posts |
 Posted - 11 September 2008 : 16:07:38
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Thank you for your previous replies.
I am just wondering, are all debts can be included in Bankruptcy or are there certain debts u cant include?
Also, I have read my unsecured loan agreement and if am not mistaken it says there that in the event of bankruptcy I need to pay them in full? Is it right that?
Thanks again |
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John
New Member
United Kingdom
73 Posts |
Posted - 11 September 2008 : 16:12:42
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Hi
you cannot write off secured loans, CSA payments, Court fines or student loans.
If the agreement you refer to is for an unsecured loan then it will be written off regardless of the wording.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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Damsel_in_Distress
Junior Member
174 Posts |
Posted - 11 September 2008 : 16:29:07
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Thanks John,
I am just wondering cause the working in my unsecured loan agreement says that I need to pay the full amount back incase of bankruptcy.
I just need to make sure that I will not go for breach of contract and that the debt will be written off.
Cheers! |
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Damsel_in_Distress
Junior Member
174 Posts |
Posted - 11 September 2008 : 16:30:12
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| I mean "wording" not working... sorry. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 11 September 2008 : 18:00:39
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Hi DnD
Our car one was like that, but it has been added to our SoA and so will be written off.
They stick these clauses in hoping people dont actually go BR and i they do then they try and frighten you.
Good luck
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 15 September 2008 : 05:30:12
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Hi DnD,
Unsecured lending is written off in BR, therefore the clause is unenforceable.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Topic |
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Will Bankruptcy wipe the slate clean?
