Hello, I have a number of creditors to whom i owe less than the above amount. 2x£200 and 1x£400. I have no spare money to pay any of these as my debts total £20,000 - any ideas what happens to these during/after BR?
Thanks
Just started walking on the path to a debt free future-wish me luck!
the £750 threshold only applies to any creditor that wants to petition the court for your bankruptcy.
When you are declared bankrupt or you declare yourself bankrupt all debts must be listed by law, no matter how small, all of which will be included in the bankruptcy and written off.
Please confirm, I owe approx £500 under paid tax, which is been claimed back through my tax code, also approx £400 in debit with British gas, but expect this to even out over Summer Months, do I have to include these in the bankruptcy?
Going BR but owe some creditors less than £750
Posted - 13 March 2009 : 22:31:59
