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Jima
Starting Member
2 Posts |
 Posted - 08 January 2009 : 22:30:27
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| can i declare myself bankrupt if im working part time? i have bills to pay and a debt over 6000 thats been with me for years. I make 90 pounds a week but that goes on rent and food and i cant even pay my creditors. is bankruptcy a good option for? and if so will i lose my job? I work as a doorman with an sia license |
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Trolly-Dolly
Average Member
591 Posts |
Posted - 08 January 2009 : 23:52:33
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You can petition for BR if working PT, I did!
Not sure what an SIA licence is (apologies).
Some of the experts on here have been advising lately that if your debt is relatively small, you hold out until April when a new law/prectice comes into place which does not involve BR.
Can anyone help me out here? Cant quite rememeber as its rather late!
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 09:08:39
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Hi Jima
I would if you can hang out till April as the new debt relief orders are meant to come in. I have pasted in some info on this, its not set in stone yet but will give you an idea:
Debt Relief Orders
Debt Relief Orders are intended to provide debt relief for people in England and Wales who owe £15,000 or less, have little or no income, no assets and cannot afford to make themselves bankrupt. A Debt Relief Order will lead to the debts being discharged after one year.
During the year that a Debt Relief Order is active, the applicant will be protected from their creditors and subject to similar restrictions to bankruptcy. If the applicant's financial circumstances change during the order, then they will expected to make arrangments to repay their creditors. There will be civil and criminal penalities for anyone abusing this system.
It will only be possible to obtain a debt relief order by applying to the official receiver through an approved intermediary. Debt Relief Orders are currently being finalised by the UK Government, so some information is not yet known.
A Debt Relief Order is for people with...
Debts of less than £15,000
Assets of less than £300
Income less than £50 per month
Take care and keep posting
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
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/
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can i declare myself bankrupt if im working part t
