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Capital on Tap business credit card
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Now I am panacking about creditors to force Bankrupcy on me after reading it is possible and losing my home
I have following debts
MBNA £21k
Tesco Loan £9k
Vanquis £4k
Virgin £9K
Capital on Tap business CC £20k
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As long as affordable arrangements are made, its very unlikely such action would be taken.
Courts look to make payment arrangements more preferable to making an individual bankrupt.
And again, as your home is jointly owned, you only have a beneficial interest in it, ie, your half.
It would cost them more than they would recover most likely.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you, so court will prefer to have payment arrangement rather then order bankrupcy straightaway?0
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Take a read of this, and calm yourself down a bit -chullbulla said:Thank you, so court will prefer to have payment arrangement rather then order bankrupcy straightaway?
Creditor trying to make you bankrupt - Citizens Advice
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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