alatoruk
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you have to have the money to pay the fee, and it has to be cash they dont take cheques.
if you have a credit card then take the cash out on that then do it. however be warned that this is technically fraud because you withdraw the money knowing full well you dont intend to give it back, but I dont see what else you can do.
an insolvancy practitioner isnt going to be much use to you as you are unlikely to get an IVA if you have no real income so I would say CAB.
When i went bankrupt (ok it was 7 years ago and the rules have changed now but the advice would still be the same) the insolvency guy who was doing the administration on my company gave me advice - go bankrupt. the CAB said "oh we dont like to recommend bankruptcy", however once they looked at my circumstances they made the appointment for me at court, to go bankrupt. So both are likely to give you same advice, CAB might be a bit of a wait though. |
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MPatrinos
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PLEASE do not listen to the morons on this board. I have been thorugh bankruptcy and it is clear from the answers here that many people haven't a clue what they are talking about.
Seek help (which is free) from a professional insolvency practitioner, I cannot stress this enough.
I strongly suggest you contact an Insolvency Practitioner to get professional advice.
I was in a very similar situation a few years ago and had to borrow the money for the court fees from my family.
Update - Stardust, you are actually incorrect in your advice. The CAB can only provide very basic and often inaccurate advice. Not to mention that they are impossible to get to see for weeks.
Insolvency practioners are the regulated experts in the area. Also some of the "credit" companies do not charge the individual.
Steve C - the £300 referred to is the fee which needs to be paid to the court regardless of whether a lawyer is used or not.
Charley B - as above, the fee is imposed and payable to the County Court where bankruptcy is declared - it is not optional when an individual declares themselves bankrupt. |
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stormydays
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Get to your local citizens advice bureau |
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Charlie W
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I am no expert but bankruptcy should be an absolute last resort for you. Have you considered an IVA?
Without making a sweeping generalisation IVA's quite often are a better solution. Although they last 2 years longer than bankruptcy (5 instead of 3) you have more control and protection over large assets like your home.
Both IVA's and Bankruptcy will have a negative affect on your future credit rating with an IVA being the lesser of the 2.
Bankruptcy can be a lengthy procedure and often carries a bit of a stigma which you need to prepare yourself for.
Also consider the job you have now and would like in the future as bankruptcy would threaten a career in the armed forces and some other professions.
If you are only worried about the here and now; then quite simply I believe IVA's usually cost less to set up than Bankruptcy and will get creditors off your back.
Whatever you do please please please seek PROFESSIONAL advice on something this serious and try not to let the stress and worry of this debt push you into something you regret in a years time. |
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ST
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Citizens advice will advise you for free |
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Steven C
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sorry mate can you retype you Q as its not that easy to understand |
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reggie
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Strangely enough some Water Boards in England will stump up the bankruptcy fee for you if you are a customer of theirs, ask the CAB if you qualify |
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Steve C
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You don't need a lawyer to file bankruptcy, there are forms you fill out to file with the courts. It doesn't have to cost a great deal of money. |
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stardustlost87
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The best place to go would be the citizens advice bureau, they can give you advice for free and know all about this kind of thing. They're really good, don't ever go to one of those credit companies cos they charge and the CAB will do the same thing for free. |
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Cosmetologist_momma_of_2
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If you were a little more articulate then maybe someone could understand you and want to help you.
Maybe you could take out a loan to pay for it, then file it under your bankruptcy. |
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turkeystuffing_dude
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sell your computer |
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wolfieduncan
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get a line of credit and use it. just don't file against it alone. or use any remaining credit to file, |
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Richard T
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If you don't own anything, you don't need to file for bankruptcy. You don't have anything that your creditors can take.
Bankruptcy is about protecting your assets - at least some of them - from your creditors. |
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AUNTY EM
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30K isn't a huge figure to go to bankrupt with. And its best for someone else to make you bankrupt anyway as it saves you the fee! But hey, get down to CAB and see if they can work out a debt consolidation thingy with you before you go doing anything else. Could be that with a few phone calls and some swift talking, you can get payments schemes to pay it all off. Good luck. |
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Charlie B
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1) Your mastery of the English language has me wondering how you could have possibly gone into "bankruptsy" in the first place.
2) Don't have the money to declare bankruptcy? I thought that was the point.... |
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jason s
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stop gambling |
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