Loan to cancel Bankruptcy

Ravenstar11

I went bankrupt in April 2005 for a total debt of less then £10,000. Since then I've broken up with my partner (who also went bankrupt, but for £30,000), will be moving back home, and getting a full time job. Does anyone know where I might be able to go, or a reputable company that will possibly lend me the money so I can cancel the bankruptcy?

jonesMUFCforever

No way Jose!
If you are bankrupt then you are bankrupt until discharged (which may be as little as a year nowadays). Ask your trustee in bankruptcy when you are to be discharged. However for the next 6 years your credit file will show your past history and it is unlikely that you will be offered credit of any sort from a reputable lender.

PINGA14

ejones999 wrote:

No way Jose!
If you are bankrupt then you are bankrupt until discharged (which may be as little as a year nowadays). Ask your trustee in bankruptcy when you are to be discharged. However for the next 6 years your credit file will show your past history and it is unlikely that you will be offered credit of any sort from a reputable lender.

My brother was in the same situation, but needing a much larger sum so you have my sympathy.
There are companies out there that will help but the penalties in interest are HUGE. We were quoted 10.4% :eek: on a mortgage that lasted for 2 years with no get out. Through help from a member on this site, we realised the only way to get the bankruptcy annuled and get a better loan deal was to take a loan out through family members and then wait for the bankruptcy to be annuled. He then took out a loan at a MUCH better rate. 5.4% or abouts and paid the family back.
Good luck