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SOA - Reasons for Bankruptcy - Advice Please...

Hello Everyone,

I've now nearly completed my SOA and am planning to file for Bankruptcy on Thursday. You don't need an appointment at the court, you just turn up.

I'd like some opinions please on how I've completed the final section 'Reasons for Bankrupcy'. For example, do you think I've written enough and provided enough detail?

Here it is so far...
I have been unable to work for some time due to ill-health, which has resulted in rising debt problems, and can provide a medical report to detail and support my condition.

I always expected that I would be able to return to full time work in a senior management role, similar to that of my last job, in which case I would have been in a position to manage and repay my debts. However I have now accepted that this will not be possible or realistic and am therefore seeking bankruptcy in order to give me a fresh start.

My financial position has also worsened due to rising living costs, medical bills, and the break up of my long term relationship.


Thanks for your comments...

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