We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
is this enough
whitey31
Posts: 34 Forumite
i have 4500 unsecured debts is this enough to go bankrupt? i also have 22000 secured loan attached to house which is in negative equity(we are moving out) no sale just giving it up!
i do get confused alot as i thought you had to have over 15,000 unsecured debt to go bankrupt?
any answers appreciated
i do get confused alot as i thought you had to have over 15,000 unsecured debt to go bankrupt?
any answers appreciated
0
Comments
-
There is no set figure really, it depends on whether you are insolvent or not.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
let me ge this right insolvent means, more outgoings then incomings, basically you have not enough money to pay everyone.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards