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 How will this affect me in the long run,

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T O P I C    R E V I E W
andrew.ey Posted - 23 July 2010 : 16:21:20
How will this affect me in the long run, i.e. credit in the future for a mortgage etc?
1   L A T E S T    R E P L I E S    (Newest First)
Housing Posted - 24 July 2010 : 00:01:27
Hi and welcome,

Do you mean Bankruptcy?

First, think hard and take advice - much advice comes free.

If you are insolvent - i.e. more going out than coming in, BR may be a best option. But what are your assets? Do you have a valuable car or boat, or property? Do you work in the are of accountancy, finance etc?

Are you married or in a partnership? Are the debts joint or in your sole name?

Do you have a pension?

Lost to consider...

Post back with some detail and someone will be here to assist you - you are not alone.

Richard

"There are no problems - only solutions"

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