Question:
I had £11,000 compensation in may last year, but now the money has gone, and i have £3,800 of debt and was advised to go bankruped!! i only have £1,000 left to go bankruped with. will i be affected by the money i had and now haven't got! can the court access this information, as it was personnal as i got assualted and no longer work.
Answer:
It is possible in bankruptcy they may inquire as to where the money went, but from the sound of it you just lived on it. If all the debts you have are £3800, you maybe able to avoid bankruptcy through a repayment scheme of making token payments for a period, if your situation may improve.
You could also look into an Administration Order or possible a Debt Relief Order for the debts.
Thank you for letting me help you.
Jon
If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.
Source:
Subscribe to this comment's feed
