Want to go bankrupt!!! Help

relaxsoon

Hi all i have around 20k worth of debt im not working at the moment and i have been working last 6 months and befor that i have been out of work for 6 months . i want to pay the bankrupt fees can i use my overdraft to pay this ??

im thinking this is the best way as i haven't a chance to pay this off .
my partner pays for rent etc so i cannot afford anything.

Broken_hearted

There are ways of getting the fees paid I'm sure someone who knows more will be alo0ng soon.

relaxsoon

well i can use my loan of overdraft can i do this ???+

fermi

If you are on benefits you will normally be able to apply to be exempt from the £150 court fee, but will have to pay the £335 OR fee.

There are some charitable trusts that may pay the OR fee for you, but this is not guaranteed. See about 2/3 of the way down the Page on this link:

http://bankruptcysupportersclub.co.uk/links.aspx

relaxsoon

im not on benefit . i have seeked advise before and i have tried paying it of but the interest is killing me and im not getting anywhere . i see this as the only option .

fermi

relaxsoon wrote: »

im not on benefit . i have seeked advise before and i have tried paying it of but the interest is killing me and im not getting anywhere . i see this as the only option .

You can be exempt the £150 if:

You will be exempt from paying a fee if:

• You or your partner receive the benefit Income Support. Partner means someone to whom you are married, or in a civil partnership with; or someone who you live with as if you are married to them or in a civil partnership.
• You or your partner receive Pension Credit guarantee credit.
• You receive the benefit Income-based Job Seeker's Allowance.

Either:

• Your gross annual income (your income before income tax and other money is taken away) is less than £15460 and you receive Working Tax Credit with a 'disability element' or 'severe disability element';

or

• Your gross annual income is less than £15460 and you and your partner receive Working Tax Credit and Child Tax Credit between you.

HM Revenue & Customs send you an award notice that shows your annual income. This is your gross annual income. If it is more than £15,460, the court may suggest that you apply for remission. If you receive Working Tax Credit, the award notice will show if you receive a 'disability element' or 'severe disability element'

• you are involved in a family case and receive 'Legal Help'. 'Legal Help' means the legal advice and assistance given under the Community Legal Service scheme. If you are not sure if the case is a family case, please ask a customer service officer at the court.

Dithering_Dad

If you're unemployed you should be receiving some sort of benefits. Have you been refused?

There is a weblink somewhere on this site that tells you what benefits you're entitle to depending on your personal circumstances. I think if you post a question about this, someone will help out.

fermi

Dithering_Dad wrote: »

If you're unemployed you should be receiving some sort of benefits. Have you been refused?

There is a weblink somewhere on this site that tells you what benefits you're entitle to depending on your personal circumstances. I think if you post a question about this, someone will help out.

Think it is http://www.entitledto.co.uk/ if that's the one you are thinking of.

Dithering_Dad

That's the one. Cheers fermi.

It's no wonder the OP is struggling if he/she has no employment income or benefit income. Hopefully the link will help the OP to get their entitlement.

If all else fails at least it's a bit of income to pay for the BR - though it's such a huge step and not one to take lightly. OP - have you looked into other ways to help sort out the dept, such as an IVA?

fermi

Yep DD.

Even if you go BR and clear all debts, you still have to live on something.

relaxsoon

Hi ,

i am looking for a job and hopefully i will get one ,
i have recently relocated so im looking . a iva would still take ages to pay 20k of the problem is the job roles i do dont pay to much so i really need to clear the lot and start again i havent any assets apart from a car so i wont affect me too much .....the reason why i got into debt was doing up a old property with a ex and then my mum getting really ill so i turned to drink and run alot of money up .....