Question:
I have massive debts to the Taxman, several credit card debts and now have received a further demand for £15000 jointly with my wife.
I am certain that bankruptcy is my only option but how will this affect our joint debt? Can I include all of it in my bankruptcy? My wifes only income is invalidity [...]
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Question:
I am a divorced single parent and am considering going bankrupt.
I already have a basic bank account with natwest as my credit history is poor. Will they let me keep this account. If not is it a good idea to open a post office account for benefits before I declare myself bankrupt. Would a [...]
Can I Include A Joint Debt In Bankruptcy?
Question:
If I go bankrupt can i include a joint debt thati have with my ex. It for 28 k and they say we can not split the debt i am lost?
Answer:
In bankruptcy all your unsecured debts are included so yes, you can include that debt in your bankruptcy.
It will be discharged and you will not [...]
How Long Does A Repossession Stay On Your Credit File?
Question:
As part of our debt problems we are handing the keys to our house back to the bank, how long does this information stay on our credit file and /or on a central mortgage repossessions record ?
Thanks
Answer:
Everything stays on your credit history for a period of six (6) years.
Then if it isn’t removed [...]
Can My Father Buy Me A House While I Am Bankrupt?
Question:
hi i have been bankrupt in 25 july 09 and i will be discharge on 25 july 10 i want to know if my father can buy me a home in dubai as i am planing to move to dubai and leave there can he do that or he can not,will i lose my home [...]
How Long Does Bankruptcy Last For?
Question:
How long does bankruptcy last for? After one year what steps can be made to start builiding credit scores back up? Thanks
Answer:
You are in bankruptcy in most instances for 12 months. It stays on your credit history for 6 years.
Once your bankruptcy has been discharged you can obtain a copy of the discharge [...]
Question:
I have recently been discharged from bankruptcy, but i am now being pursued by one company for the outstanding debt, can they legally do this. I thought the whole idea of bankruptcy was to clear these debts. Thank you for your time in answering this question.
Answer:
Once the bankruptcy has been discharged your debts are no [...]