I am at risk of losing my home for less than £7000.00, i am declared bankrupt even though MBNA have been paid. other debts including official receivers cost add up to approx £5500.00 I am currently paying the creditors monthly but they want it all now. How come that if i owed more than £15000.00 I would have received help but when I told them i only owed £5000.00 they laughed at me and told me they couldn't help??
if not then a creditor CAN make you bankrupt for a debt as little as £750 but most creditors would probably go down the CCJ/baliffs/Attachment of earnings/charging order for small debts
It sounds as though you are bankrupt but if you can somehow find the money to annul your bankruptcy then your home would be safe. How much equity is in it?
If you could clarify a few points we may be able to offer more assistance -are you already bankrupt? -have you paid any creditors directly whilst bankrupt? -do you have an income payments agreement with your OR -how much is the equity in your property (approx)?
Alternatively you may wish to speak to someone - there are a number of experts on this site who will happily advise you if you give them a call - you can find their details on the experts link to the left of this post
Good luck
Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.
I am at risk of losing my home for less than £7000
Posted - 26 May 2010 : 21:39:25
