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 declined bankruptcy if i am working?
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Mixitallup
Starting Member



2 Posts

Posted - 29 September 2008 :  12:25:27  Show Profile  Visit Mixitallup's Homepage  Reply with Quote
Hi there. I have been doing a debt management setup now for roughly 2 years however i am getting knowwhere in paying back my debt. I have over £15000 worth of unsecured debt. I have a good paid job but i am struggling to pay for my debts and live at the same time. Would i be declined a bankruptcy order if i am working?
Many thanks
Aaron

John
New Member



United Kingdom
73 Posts

Posted - 29 September 2008 :  12:29:37  Show Profile  Reply with Quote
Hi
no you would not.

What is your net monthly income?
What is your agreed monthly expenditure level agreed with the DMP company?

This information will help determine whether or not bankruptcy will be of benefit to you.

www.Bankruptcyhelp.org.uk
0800 078 9367
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dazed and confused
Junior Member



United Kingdom
475 Posts

Posted - 29 September 2008 :  16:06:12  Show Profile  Reply with Quote
Sorry to tag onto this, but does the Judge or the OR take into account what your minimum monthly payments are, or were, when you go BR?

If they deem that you have enough DI income to pay your debts would they stop you from going BR?
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