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Debt Advice Forum Forums Debt Solutions Bankruptcy Am i Suitable

This topic contains 8 replies, has 3 voices, and was last updated by  Debt Consultancy Service 11 months, 1 week ago.

Viewing 9 posts - 1 through 9 (of 9 total)
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  • #437

    Colin90
    Participant

    I have around £2000 debt with different credit and store cards and i have no money left at the end of each month to repay it. How do i make myself bankrupt?

    #438

    Hi Colin,

    Bankruptcy would be an extreme solution for your level of debt. Are you working and are you able to make any contributions to your debt each month?

    #439

    Colin90
    Participant

    I am working part time at the moment and i get around £400 a month but my hours aren’t going to be increase any time soon. I am not able to pay anything towards my debt and i’ve just been bury my head in the sand.

    #440

    It’s understandable things can seem too much and it’s easy to ignore the problem but there is always a solution to fix it.

    It’s important you are getting all the benefits you are entitled to such as working tax credits, housing benefit, council tax rebate and child tax credits (if applicable).

    Are you receiving any benefits or help at the moment?

    #441

    Colin90
    Participant

    I’m getting about £150 a month from housing benefit but i’ve not looked into working tax credits but not sure where i would begin.

     

    #442

    Ok well the first step would be to find out what benefits you are entitled to, this can be done online – https://www.gov.uk/benefits-adviser .

    While you’re waiting for your working hours to improve or your benefits claim to be processed it’s important you can pay for essentials such as heating and food.

    Offer your creditors a token payment, such as £1 a month each until either of the above is resolved.

    #443

    Colin90
    Participant

    Thanks, i done the online test you suggested and it says i’m due working tax credits which i haven’t been claiming. I called and i’m getting a form sent out and spoke to my creditors who all agreed for me to pay £1 a month for 2 months when they will re-assess it.

    #444

    Great, glad to hear you will have money each month and when your payments are re-assessed just be sure you don’t promise too much. It’s important you clear the debt but It’s also important you have enough money for essentials.

    Best of luck in the future and we’re always here if you need help.

    #1644

    Hi Colin,
    Your situation sounds concerning and I would like to help you.
    I am a debt expert advisor; you can call me at my office – 01392 911000 and we can discuss this through and hopefully help your situation.

     

    Alternatively, if you would prefer to email me, at Debt Consultancy Service, you can by visiting http://www.debtconsultancyservice.co.uk and going to the contact us section or by direct email: Charles@debtconsultancyservice.co.uk.

     

    Looking forward to helping you,

     

    Thanks

    Charles

    Debt Expert Advisor

    http://www.debtconsultancyservice.co.uk 

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