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 If my income is nil, how can I declare Bankruptcy?		  New Topic  Reply to Topic
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brenda.l
Starting Member



1 Posts
Posted - 23 May 2009 :  17:46:51  Show Profile  Visit brenda.l's Homepage  Reply with Quote
If my income is nil, how can I declare Bankruptcy?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 23 May 2009 :  18:16:04  Show Profile  Reply with Quote
You're income has no bearing on whether or not you can declare bankruptcy.

If you cannot pay your debts, have no assets to lose (such as a house) then you can petition for bankruptcy.

If you are not earning anything then you will not have to make any payments into an Income Payment Agreement.

The glimmer gets brighter all the time

Jan
xx
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