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deed of variation then bankruptcy

thousandyard1 · 2011-02-16 13:32:11

i am about to go bankrupt. i have been left 30 k in my mother's will (which is the amount i owe to creditors) and am trying not to lose it. so my idea is to do a deed of variation resulting in my not inheriting. anyone know why this might fail ? i realise id have to be dishonest in my dealings with the OR by saying im not…

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whitty1 Posts: 34 Forumite

16 February 2011 at 11:10PM

it depends on how long you've been struggling to pay and what action your creditors are threatening to take. if you've only just started struggling to pay then short term arrangements put in lpace while you sort yourself out will usually be accepted. you really should talk to one of the debt charities though. national debtline were very helpful for me

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deed of variation then bankruptcy

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