Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    Should I declare myself bankrupt?
    • #1
    • 14th Feb 13, 11:43 AM
    Should I declare myself bankrupt? 14th Feb 13 at 11:43 AM
    I have a CCJ against my name but I have the ability to pay the full amount (5000) in less than a month.

    Unfortunately, I cannot get the CCJ removed from my credit record. It will take 6 years for that to happen!

    Would it be better for me to declare bankrupt, pay the debt then the CCJ will be removed once the bankruptcy is discharged (in less than 6 years).

    If it makes any difference, I earn 50,000 per year.


Page 1
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,222Posts Today

9,363Users online

Martin's Twitter
  • On train home from Birmingham. Had dinner by the canal there this evening. Lovely area, very sunny and picturesque.

  • Fantastic run by new UK star Zharnell Hughes in @BritAthletics #BritishChamps 200m.I was v proud to present the medal

  • Ok a wee bit chuffed. Just been asked if I'd like to present a medal at #Britishchamps, someone is now missing a hand as I bit it off!

  • Follow Martin