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Advice on applying for Bankruptcy

Hello all.
As my thread title says, i need advice, where to go etc on applying for Bankruptcy. Brief story, im in debt by about 70000, mainly in joint names with my ex wife. Currently unemployed and living in rented house.
Firstly, do I need to get a Solicitor? Do I have to pay to go Bankrupt, even though I claim JSA?
And should me and my ex go Bankrupt together, seeing they nearly all in both names or do we have to do it individually?
I just don't know who to see first to get the ball rolling.

Thanks.

Comments

  • crowman19
    crowman19 Posts: 371 Forumite
    Try reading this and phone one of the debt charities.
    http://forums.moneysavingexpert.com/showthread.html?t=1056083

    Afterwards you can get all the help and support you need on here.
    Bankrupt 07/10/2009

    Early Discharge 20/05/2010
  • crowman19
    crowman19 Posts: 371 Forumite
    epkk wrote: »
    Hello all.
    As my thread title says, i need advice, where to go etc on applying for Bankruptcy. Brief story, im in debt by about 70000, mainly in joint names with my ex wife. Currently unemployed and living in rented house.
    Firstly, do I need to get a Solicitor? No Do I have to pay to go Bankrupt Yes £510 each, even though I claim JSA? You may be elligible for exemption for some of the fee.
    And should me and my ex go Bankrupt together, seeing they nearly all in both names or do we have to do it individually? You will both need to go bankrupt individually if that makes sense, If not all joint debts will be down to the non-bankruptee,
    I just don't know who to see first to get the ball rolling.

    Thanks.

    Hope this helps.
    Bankrupt 07/10/2009

    Early Discharge 20/05/2010
  • epkk
    epkk Posts: 23 Forumite
    Many thanks crowman :)
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi and welcome to the board.

    Your first port of call should be to contact one of the Debt Charities; see links below. Their services are free; they have no vested interest to serve; their advisors are professionally trained and the advice they give will be objective and in your best interests only.National Debtline operate an advice on first phonecall system CCCS operate a system of telephone appointments that are designed to be flexible and don’t require you to attend an office based interview. At the CAB you will need to make an appointment with a specialist Financial Advisor; other advisors may not have the specialist knowledge you’ll need.

    http://www.cccs.co.uk/

    http://www.nationaldebtline.co.uk/

    http://www.citizensadvice.org.uk/index.htm

    If you’re advised that bankruptcy is the most suitable solution to your financial problems then we can offer the best support and anecdotal advice that you’ll find anywhere on the Web.

    Read as much on here as you can, starting with the Bankruptcy Help sticky and that will answer a lot of your questions. But don't be afraid to ask about anything you don't under stand.

    http://forums.moneysavingexpert.com/...html?t=1056083

    Just remember, as desperate as you may feel at the moment, we have all experienced what you are going through at the moment and with the right support and advice things will improve. It’s not an easy route to take but it is a route that will put you back in control of your life rather than just reacting to events.

    Crowman has answered your other questions.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
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