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 I am considering taking bankruptcy.
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snowman57
Starting Member



12 Posts

Posted - 07 June 2009 :  21:45:49  Show Profile  Visit snowman57's Homepage  Reply with Quote
I am considering taking bankruptcy. I have asked my creditors to allow me to pay "half" of the amounts due/owing as I could'nt afford the full monthly amounts. if I take the bankruptcy do I quote the full amounts owing to them or the half the amounts which I am presently paying? which they the creditors believe is a temporary measure. Or should I quote the full amounts which I agreed and signed for when I fill in the Br forms?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 07 June 2009 :  22:11:51  Show Profile  Reply with Quote
Hi,

You will need to put down the full amounts of your debts if you declare bankruptcy as you are liable for the whole amount regardless of any agreement you have reached with any creditor.

The glimmer gets brighter all the time

Jan
xx
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