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

Bankrupcy on JSA and no money

Hi my name's Stuart.
I'm currently on JSA (Job Seekers Allowance) and get £120 every fortnight.
I've got around £20,000 of debt and can't afford to pay it off.
Problem is I want to go bankrupt but can't afford to. what can I do about this.
Also, I'm starting Uni in September 2010, so I'm not going to be able to afford to pay this off later best thing I can do is go bankrupt.

Can I get financial help with all or some of the cost of going bankrupt?

Comments

  • RAS
    RAS Posts: 36,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi

    If you post on the bankruptcy forum they can guide you to the funds that may be able to help you.

    otherwise it is car boots etc.
    If you've have not made a mistake, you've made nothing
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi stuart and welcome to the BR forum.

    I can see your problems.

    Firstly to go BR you must have taken advice, Judge allways asks this.

    So first port of call is speak to one of the debt charity CAB or CCCS they are both free.

    Secondly people on JSA can get help with the court fees see HMCS internet for help.

    Also there are some charitys that can help I will try and find links.

    Ask any questions you are not alone

    sizzler:)
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    RAS wrote: »
    Hi

    If you post on the bankruptcy forum they can guide you to the funds that may be able to help you.

    otherwise it is car boots etc.

    this is the bankruptcy forum:)
  • lauren_1
    lauren_1 Posts: 2,067 Forumite
    I've been Money Tipped!
    You can get the court fee waived which saves you £150 but you will still need to find £450 for bankruptcy. There are some charities that can help under certain criteria.

    Failing that make a note of what you can sell to raise the funds or sneaky tactic, use credit to pay the fee?
  • concerned43
    concerned43 Posts: 1,316 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Stuart - which part of the country are you in?
  • I'm from the south west of England Devon. Why is that?
  • I'm from the south west of England Devon. Why is that?
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Stuart - which part of the country are you in?

    can i ask why please
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.