Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
1979d
Posted - 15 May 2009 : 17:54:26 Currently i owe in the region of £10,000 on an Overdraft and credit cards. I don't own my own property and currently reside with both my parents. I left the UK to seek employment in NZ which didn't work out and as such i have returned to the UK and have been unable to find employment to date. I am currently on Job Seekers benefit and have no other form of income. I have been receiving calls from the bank etc but can't meet the minimum payments of bills. I'm considering filing for bankruptcy - i have no assets or income other than £64.38 through benefits. Please advise if you feel this is the best course of action. Kind Regards Sarah
1 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 15 May 2009 : 18:07:00 Hi,
What would probably be better for you would be the new Debt Relief Orders which came into being last month.
You have less than £15,000 in debts, no home, no assets over £300 and I imagine that your disposable income after you have paid board and other expenses will be less than £50 per month.
It will cost you £90 and will be over in 12 months allowing you to start again with a clean sheet.
