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Bankruptcy and gambling stories
Comments
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Just put down a relatively low amount on the form. If asked about it you can say that you don’t know the exact figure. It’ll then be down to the OR to work out how much you’ve lost.
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To reassure you further, in the event you do get an BRU/BRO it will be unlikely to have any major effect on your life. The bankruptcy will still fall of your credit file six years after it was granted, a BRU/BRO just means that when discharged you'll be under the same restrictions you were under during the bankruptcy period (such as not being a company director, not taking out more than £500 credit without informing the lender you are bankrupt, etc.) for the duration of the BRU/BRO. As your credit rating will be shot anyway and thus obtaining credit nigh on impossible for a while, the latter in particular will be of no consequence.
An acquaintance of mine went bankrupt and got a BRU for three years, he said it made no material difference to him whatsoever.2 -
Thankyou so much for all of your replies, I feel a little more reassured0
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