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| Tamsin.pn |
Posted - 19 July 2011 : 06:58:36
I am looking into the prospect of going bankrupt and I would like to know if I qualify?
I have was overpaid wages of £7816.31 by a previous employer whilst on a career break , I started to pay off the amount on a payment plan of £40p/m but I have been out of the UK, in Australia and was unable to keep up the payments as I am unable to work due to visa restrictions and didn't have the money - especially to cover the excess of international transfers. I have decided that I will be moving to Australia permenantly but my previous employer has contacted me via a solicitor advising that if I don't make a payment of the remaining £7456.31 then I will be taken to court and proceedings will continue through the County Court. I have no way of paying this money so think that bankruptcy is my option. I will be returning to the UK in August for 1 month, is this enough time to file for bankruptcy, and will my debt, through overpayment of wages be cleared if I do go bankrupt?
I will have been ion Autralia for 1 year on a tourist visa although I still have bank accounts set up in the UK. Will I have to apply for bankruptcy in London at the High Court, or will I be able to apply in Exeter where my bank accounts are set up?
Kind regards
Tamsin Paterson |
| 1 L A T E S T R E P L I E S (Newest First) |
| Blackie |
Posted - 19 July 2011 : 10:39:57
Hi Tamsin.pn
I would not contemplate bankruptcy at the moment and you might not even be allowed to make yourself bankrupt as you owe so little. A Debt Relief Order may be the best way forward as you owe under £15,000. The main criteria are debts under £15,000, no assets over £300 and disposable income under £50 per month. You can apply online or seek help from Citizens Advice Bureau or National Debtline on 0808 808 4000.
All the best
John Blackadder
Bankruptcy365.
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk. |
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