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Common Bankruptcy Questions & Answers

Common Bankruptcy Questions & Answers (302)

Monday, 21 September 2009 02:34

Council House

Written by Jon
Question: I have a secured council house tenency of 14 yrs. I went bankrupt in July and have just discovered that the Official Reciever has notified them of my bankruptcy. I have about £40.0 ...
Thursday, 17 September 2009 03:41

Payplan

Written by Jon
Question: Myself and my husband have set up a payplan with a company and an amount is being taken from our account every month as arranged but we are still getting threatining letters from two of ...
Wednesday, 16 September 2009 02:57

Making my ex boss bankrupt

Written by Jon
QUESTION: My ex boss owes myself and another employee money which has gone to tribunal. A judgement has been made saying that he does owe us which he has never disputed but claims he has no abilit ...
Tuesday, 01 September 2009 02:25

HP on a motorbike

Written by Jon
Question: Hi i have a bike on hp but came off it and smashed it to bits and have sold what was left for spares . the bike is still in my name what will happen if i go bankrupt as there is no bike ...
Monday, 31 August 2009 04:48

Regarding Bankcruptcy

Written by Jon
Question: I m just wondering i have debts in edinburgh now i am living in manchester. how can i find out if anybody made me bankcrupt in edinburgh.Answer: Bankruptcy in Scotland is different than ...
Friday, 28 August 2009 02:50

Tax Money

Written by Jon
Question: If i declair myself bankcrupt can i get away from paye & tax return money or i still have to pay themAnswer: In bankruptcy all your debts are placed including any taxes you may owe.Bank ...
Monday, 27 July 2009 06:19

Spouse's Interest

Written by Jon
Question: I am writing on behalf of my friend as her English is limited. Her husband has been made bankrupt. The trustee in bankruptcy has sold their matrimonial home. There is still money left af ...
Friday, 24 July 2009 03:02

Shares

Written by Jon
Question: I have a friend who has a lot of company shares, (currently worth about 10,000.) He is considering going bankrupt for approx 24,000, The main problem is that he cannot do anything with t ...
Friday, 24 July 2009 03:00

House not in joint names

Written by Jon
Question: My husband of 15 years and i have separated and our mortgage is soley in his name and is in the region of 260k he has a personal debt with his business as a sole trader for 300k and they ...
Tuesday, 21 July 2009 04:15

Bank Statements

Written by Jon
Question: When declaring yourself bankrupt, how far back do you need to go with bank statements that you need to show the OR? I have only kept back to the beginning of 2006. Also, I have been part ...
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If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

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