Bankruptcy Fees

2 Posts

Hi,
I was looking for some advice regarding the £680 fee.
Due to bereavement and a deterioration in both my mental and physical health over the past year I am currently unable to work.
I started a bankruptcy application in January 21 but after 12 months I am still unable to pay the fee as I do not have any disposable income or anyone that could help me. I understand you can pay in instalments but that doesn't help if you simply don't have the money.
The CAB applied to Severn Trent Trust for me in August but unfortunately that application was unsuccessful.
I owe £56k, have three CCJs and a WOC.
I do not know what to do
Thank you and advice will be appreciated
I was looking for some advice regarding the £680 fee.
Due to bereavement and a deterioration in both my mental and physical health over the past year I am currently unable to work.
I started a bankruptcy application in January 21 but after 12 months I am still unable to pay the fee as I do not have any disposable income or anyone that could help me. I understand you can pay in instalments but that doesn't help if you simply don't have the money.
The CAB applied to Severn Trent Trust for me in August but unfortunately that application was unsuccessful.
I owe £56k, have three CCJs and a WOC.
I do not know what to do
Thank you and advice will be appreciated
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Replies
Are you being chased for these debts at all, because if you don`t have the money to pay them, there is very little the creditors can do.
My suggestion would be to write to them all and explain your circumstances, tell them your only income are benefits, the debts are unaffordable, you can`t pay them, and would they consider making a commercial decision and writing off what you owe.
Ask those with CCJ`s if they would refrain from enforcement action for the same reasons.
Affordability is everything these days, it can`t hurt to try, a few recent posters have had success when they have found themselves in similar circumstances to yourself.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.