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Minumum debt
Thejagman
Posts: 68 Forumite
Hi all
Just a quickie for a work mate who is struggling with BR. Is there a minumum level of debt that you have to have before you can go BR. Someone has told him you must owe more than £15k before you can do it.
Any ideas please
Jagman
Just a quickie for a work mate who is struggling with BR. Is there a minumum level of debt that you have to have before you can go BR. Someone has told him you must owe more than £15k before you can do it.
Any ideas please
Jagman
0
Comments
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Nope....minimum is £750 (I owed £11,500 and went BR)We all die. The goal isn't to live forever, the goal is to create something that will0
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Same here, I went BR with just over 11k.
:T Declared bankrupt 12/09/08 at 2.17pm!:T
:j Survived OR interview 26/09/08!:j0 -
Hiya
To make yourself bankrupt in Scotland, you need to have debts of at least £1500. Not £15k.
HTH0 -
Hi all
Just a quickie for a work mate who is struggling with BR. Is there a minumum level of debt that you have to have before you can go BR. Someone has told him you must owe more than £15k before you can do it.
Any ideas please
Jagman
Just a quickie for your workmate....they need to consider the fees involved in relation to the amount of debt - as unless you're made BR, they can be quite substantial in themselves.For what I've done...I start again...And whatever pain may come ...Today this ends... I'm forgiving what I've done -AF since June 20070 -
With IVA's you need to have a min debt of 15k so maybe thats where you are getting confused.DxFree impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D0
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