how much debt do you need for a couple to declare bankruptcy

glam_jan_56

hi everybody calmed down a little bit now. me an hubby still talking.darling has been taking care of bills....... an paid for things an got into trouble wi loan in my name an an 2 credit cards up to 19000. he has debts of around12000. we have to both go br. but will they say i can but he cant because not as much debt.this would actually make our situation worse.however i cant see or.sympathising with us.he not there for that after all its our own fault an the bank.the manager even phoned up on the day he took the loan out, in my name with my permission i hasten to add,...to ask me if the experience was a satisfactory one.i told him im sure it was.....BUTI WASNT ACTUALLY SAT THERE. ...EH.

lisamummytoarchieplusbump

as long as your debts outway your assets you are insolvent. you can go br from as little as £750 so no you wont be refused for having to little debt

lisa

glam_jan_56

we still trying to fumble along at moment. an to be honest trying to get money together to pay for 2 seperate charges if we decide to go down the route or br. still paying debts not missed any payments but know we cant go on. most debt advisers telling us to just stop paying our creditors. i dont understand cos then they can say what are you doing with this spare money then.?

Merry_Gentry

You stop paying your creditors to raise the bankruptcy funds - it is a common thing to do. You will need to be able to show what you do with any funds over and above the bankruptcy funds, so it might be stocking up on food, sorting out rented accommodation, etc.