Question:
I am in dept 0f nearly 8000 pounds and would like to go bankrupt so i can start a fresh please can you help me.
Answer:
If the amount of debt you have is less than 15K, have no assets, and no surplus income that exceeds £50 a month, you could look at a Debt Relief Order instead of going bankrupt.
You are still insolvent, but the process is easier and less costly than going bankrupt.
This link will help explain more about Debt Relief Orders.
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.
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