Hi, I'm 20 years old and about £8500 in debt. I earn just over £700 a month. I live with my parents, and pretty much have no assests of any value which I possess. If I was to declare myself bankrupt, then how much of my debt could potentilly be written off, would I for example have to pay £400/month for the next year...I am not sure I entirely understand the connotations of bankruptcy, or even whether this would b
I suggest that you seek professional advice about your options. It is difficult to say whether you would have to pay any monthly contributions, and all of your debts would be discharged if you were to be bankrupted - but that would be a pretty extreme thing to do with such low debts.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
Suggest that you speak to Andrew Graveson from Bright Oak - he is an expert on the IVA.co.uk forum.
I suspect that he will be able to find a workable solution for you through this difficulty. I have put a link to his web page below. http://www.brightoak.co.uk/
He and his team will do a great job for you. Give him a call and have a chat
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
not sure I entirely understand
Posted - 09 May 2008 : 00:11:06
