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T O P I C R E V I E W
leahk
Posted - 11 February 2009 : 10:57:36 This is going to sound really daft! I sought advice as I have £30k debts, am a single parent on benefits and cannot cope anymore. Bankruptcy was advised as my main option (my only one really) so after a lot of thought I decided that its the right thing to do. (I'll get to the point soon, I promise!) I'm due in court next week, am 88% through completing the online forms and decided that a quick check of my credit report would help make sure I hadn't missed any creditors. I applied for a free credit report and then upgraded it for £3.97 (big spender) from annualcreditreport.co.uk because I couldn't believe that it said my credit rating was good 919 out of 1000! My point (finally!!) is I truly cannot afford to pay these debts. I pay the bills and then use credit to live, is Will I still be able to declare Bankruptcy?
Now I'm confused as well as worried! Thanks as always Leah
3 L A T E S T R E P L I E S (Newest First)
Robin55
Posted - 11 February 2009 : 11:43:21 Hee hee, your reply made me giggle!
I am in exactly the same position, I was shocked when I ordered my credit score and it was over 900! Like you my debts outweigh my assets quite hugely though... :o(
My court date is tomorrow so if you had any questions before you go, please ask.
Good luck next week.
Lets begin a headache free life!
RB
leahk
Posted - 11 February 2009 : 11:25:47 Thanks so much John Have no assets (unless children count?!) lol so definately insolvent. x
John
Posted - 11 February 2009 : 11:24:01 Hi leahk
yes of course you will. If your debt's outweigh the value of your assets you are insolvent and therefore have the civil right to declare yourself bankrupt.
