i have just recently recovered from a back injury and in celebration i took out a 2k provident home loan so that i may have my first holiday in 8 years. however my back has relapsed and i am only able to work half days and as i have no sick pay remaining my salary has been halved. as soon as i released this i paid back as much of the loan as i had left 450 pounds which equates to 9 weeks worth of payments. due to my cut in income i can no longer afford to repay my debts and i am considering bankruptcy (i currently owe nearly 20k in unsecured debt and have no assets apart from a car worth 500 punds) . as this is a unqiue situation i just wanted to know where i stood in regards to a bankruptcy petition
Thanks for replying, yes the car is needed for work purposes and also my mobility is limited due to my injury so a car is a must have for generally gettng around.
I will contact a specialist and seek additional assistance.
Need help with a bankrutcy question
Posted - 11 March 2012 : 01:26:47
