I have a bank loan currently at £11000 and a credit card of £4000 with the same bank.I am struggling to make the monthly payments. Can i declare bankruptcy with all my debts from one creditor???
If your debt is £15k then a DRO may be a better option rather than BR although this will depend on whether you have any assets of more than £300 and disposable income of £50 or less each month. The CAB will be able to provide more advice regarding a DRO.
I have a bank loan currently at £11000
Posted - 24 June 2009 : 09:45:55
