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bankruptcy postbag for june
Creditors Filing for Bankruptcy?
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Mancunian
Junior Member
181 Posts
Posted - 25 June 2008 : 20:44:15
Is there any general rule when any particular Creditor will apply for your Bankruptcy?
Can creditors get together and apply together?
ALSO If you are absent do things just carry on and get decided for you?
thanks again
melanie_giles
Senior Member
1191 Posts
Posted - 25 June 2008 : 21:39:05
Creditors can get together and petition for your bankruptcy, and the rules for petitioning generally are covered within the Insolvency Act 1986.
If you are absent from a creditors petition hearing, it is almost certain that a bankruptcy order will be made against you.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website -
www.melaniegiles.com
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