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 how do i qualify to go bankrupt?
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tl_m_27
Starting Member



1 Posts

Posted - 16 April 2009 :  20:33:00  Show Profile  Visit tl_m_27's Homepage  Reply with Quote
how do i qualify to go bankrupt?and will i have to pay my depts off??

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 16 April 2009 :  21:00:44  Show Profile  Reply with Quote
Hi

you really need to owe more than 750 and be unable to meet the repayments when they fall due. please bear in mind that it costs £510 to petition for Br so ideally you should have a lot more debt.

secondly there are contributions towards your debts but this is based on disposable income and the official receiver will review this and advise what is required

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
www.revivauk.com
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