My Husband and I have debts of £14,700 between us and have been turned down for an IVA as he was made redundant in Sept & I am the sole wage earner. I do not earn enough to repay our debts & we are seriously considering going bankrupt. Do we have to submit a joint bankruptcy form or do we do it seperately? Do we have to pay twice the amount of legal fees too?
You can only do a single bankruptcy so each of you and yes you would have to pay the fee £495 x 2.
You may be able to get help with the court fee which is £150 if your on certain benefits or on a low income.
Jo x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
There are a whole load of issues as to when to proceed, if at all. You would, as stated by someone else, both need to pay the fee involved. Please outline the various issues so people can advise.
My Husband and I have debts of £14,700 between us
Posted - 02 January 2009 : 18:19:39
