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T O P I C R E V I E W
George.ro
Posted - 01 October 2009 : 17:51:25 (on behalf of my son). He has just started college (and awaiting student loan). He has outstanding debts of over £3000 (bank overdraft and parking charges and other household bills) and cannot pay these amounts. Can he declare bankruptcy and still get his student loan? - which he needs to continue his studies. thanks,
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 01 October 2009 : 22:07:04 Hi
technically your son can petition for bankruptcy if he owes 750 or more.
However because of his age and future prospects and the size of the debt I would suggest entering a very modest debt management plan until he is able to clear the debts. perhaps as a student he might be able to get a small part time job which could knock this in the head in 1 - 2 years.
