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    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.


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