Going BR Soon Any Advice

Skintboy37

Hello I have debts of around 48k all unsecured.

Have spoken to insolvency firm and nat debtline,seems BR is best I have no assets apart from a car worth 1000 pounds which I use for work as I am self employed doing home improvements.
I have always tried to pay everything but cannot anymore due to lack of work presently am earning between 300-800 a month the latter being a good month!
My debts are more than my earnings so am I right to go BR?
I am on housing benefit now(council flat) so is this taken into account If I go BR?
I have stopped all DD and just pay the credit cards what I can afford a fiver they got this month the 5 of them.

Any advice welcome.

stintond

I would , in your position , go through the bankruptcy process , unless you had very high expectations of what you might earn over the next 5 years.
Its a bit of hassle but its a small price to pay to walk away from all that debt.