0800 085 0226 contact@debtsupporttrust.org.uk

Debt Advice Forum Forums Student Debts Student Debts In Bankruptcy

This topic contains 4 replies, has 2 voices, and was last updated by  justneedhelp 3 years, 3 months ago.

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • #1073

    justneedhelp
    Participant

    Hello, I was considering entering bankruptcy however i’ve read on multiple websites that student debts cannot be included.

    My total debt is around £25,000 but but my student loan accounts for roughly £12,500 of that figure.

    If it cannot be included am is it still worth entering bankruptcy and what happens to the student loan debt?

    #1074

    Hi Justneedhelp,

    It will depend when the student loans were taken out from as to whether they can be included.

    However whether bankruptcy is the correct debt solution will depend on a few other factors, it maybe another solution is best suited.

    To give you the full advice it’s probably a good idea to call us on 0800 085 0226.

    We’ll be able to take a full income and expenditure from you and assess the best debt solution and how to enter it.

    #1075

    justneedhelp
    Participant

    Thanks,

    To be honest my other debts are manageable it’s just the student loan which i’m struggling to repay because they take it from my salary every month.

    Once they take their money and i meet my other credit commitments there leaves no money to survive.

    #1076

    Hi,

    It does sound like the other debts may have to take less priority than the student loan however it’s hard to say without completing the income and expenditure.

     

    #1077

    justneedhelp
    Participant

    I’ll call later this evening, thanks.

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.