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early

I just wanted to know I can pay my debts ok this month because of loans from friends can I go bankrupt early rather than when I can no longer pay because in theory I am not solvent now only friends that are keeping me going.


oregonuk1

Comments

  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you're going bankrupt you can stop paying your debts now, you won't be expected to borrow from friends just to keep payments up to date when BR is inevitable.

    HTH
    Accept your past without regret, handle your present with confidence and face your future without fear
  • oregonuk1
    oregonuk1 Posts: 136 Forumite
    ok just expect a cut in my money and will not be able to pay then at all.
    If you're going bankrupt you can stop paying your debts now, you won't be expected to borrow from friends just to keep payments up to date when BR is inevitable.

    HTH
  • alastairq
    alastairq Posts: 5,030 Forumite
    save the money donated by your friends...put in a safe place.....since you are looking to become BR, there's no point in continuing paying your creditors....it's throwing 'good money after bad'.

    Given your intended course of action, there's no need to feel 'obliged'....
    No, I don't think all other drivers are idiots......but some are determined to change my mind.......
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