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 would i be better off to bankruptcy
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carol81
Starting Member



1 Posts

Posted - 19 November 2008 :  19:20:32  Show Profile  Visit carol81's Homepage  Reply with Quote
would i be better off to bankruptcy as i have debts of over £7000 im no longer with my husband and on income support with 3 children and had baliffswritting to me ?

John
New Member



United Kingdom
73 Posts

Posted - 19 November 2008 :  20:53:16  Show Profile  Reply with Quote
Hi

an IVA is not on as the debt is too low so it's a DMP or bankruptcy on the face of it.

If you have no disposable income then a DMP is not an option. Bankruptcy will clear your debts but you should be sure that the long term future gives no probability of paying the debts any other way.

www.Bankruptcyhelp.org.uk
0800 078 9367
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