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 What would qualify you to become bankrupt ?
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Starting Member

1 Posts

Posted - 29 April 2014 :  11:51:26  Show Profile  Visit Iguana's Homepage  Reply with Quote
What would qualifie to be come bankruptcy how much do you have to be in the red for to happen


United Kingdom
4590 Posts

Posted - 29 April 2014 :  13:53:31  Show Profile  Reply with Quote
Hi and welcome to the forum.

You need to have debts amounting to at least £750. It will cost you £700 in fees - slightly less if you are on benefits. There are other debt solutions available and I would recommend that you take advice from an insolvency expert who will go through everything with you. The advice is free.

How much debt do you have?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

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forum expert

United Kingdom
2211 Posts

Posted - 29 April 2014 :  19:47:05  Show Profile  Reply with Quote
As Niobe has said, please take advice regarding your options as there are many solutions.

Please contact an expert or feel free to ask any questions on here.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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forum expert

United Kingdom
565 Posts

Posted - 01 May 2014 :  10:12:10  Show Profile  Visit Blackie's Homepage  Reply with Quote
Hi Iguana

You do not give any details about your circumstances and it may be that bankruptcy is not for you especially as your debts may not be that great. Please give the forum further details or telephone an expert for a free, no obligation chat about the alternatives.

John Blackadder

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
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