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Worried about consequences of bankruptcy

heleneb · 2010-09-30 10:02:18

Hi I'm new... I've been considering going bankrupt for about a year now. However, I'm Worried about the unknown consequences of bankruptcy :(. It seems too easy just to petition for bankruptcy and have your debts wiped out and that's it. Could anyone give me any advice about what bad things might happen to you or your…

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Doucam Posts: 1,130 Forumite

3 October 2010 at 6:21PM

Went br in Dec and discharged June, the only real pitfall for us was that our house insurance nearly doubled. Other than that not having credit to fall back on has been hard, but equally not having to worry about paying the bills each month is a huge relief.

If it is the right thing for you to do then you should find that the relief is worth far more than the stigma x

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Worried about consequences of bankruptcy

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