my ex left me in the S*** tryed to get into a trust deed but dont have enough cash to live on for the month how much does it cost to go bankrupt i think this my only way out of the mess im in lost my house all i have is my car worth 1500 to 2000 pounds will they take this .
2007-08-09 05:47:09 · 4 answers · asked by evan 1 in Business & Finance ➔ Personal Finance
Hi there not so sure about scotland, I assume you are there as you went for a trustdeed. In england the cost for bankrupcy if you file yourself is £485 if you are on benefits then this is reduced by £150. You can get the forms online and fill them out and take them with you. You need so many copies to take as they will charge you at the court if you dont. You should be discharged after a year and may have to make paymentrs for up to three but usually only 50% of disposable income and expenditure is more generous than an iva. You would be best to ring the court and see if you need an appointment first as they only do so many a day. You should keep your car if needed for work and unless you own anything of value premium bonds antiques then you should not lose anything.
Hope this helps all the best.
2007-08-09 06:23:53 · answer #1 · answered by pollywallydoodle 3 · 0⤊ 0⤋
Sorry to hear that man. It sucks to have a divorce and be a man. Before declaring bankrupcy see some experts who deal with this. New domestic laws have come out in recent years which will disallow you to get bankrupcy if you are paying child support or alimony. In other words as a separated man the only right you have is to pay pay pay.
Don't see a lawyer see a good credit-bankrupcy firm.
2007-08-09 13:00:20 · answer #2 · answered by whoopswhosfault 2 · 0⤊ 0⤋
Hi.
There is a Free no obligation advice company on bankruptcy on this site:
http://ukbestloans.co.nr
2007-08-09 14:41:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should contact a lawyer to determine if you should file bankruptcy.
2007-08-09 12:50:49 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋