andy w
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If you have no debt then no you cannot be bankrupt.
If you don't have enough to live on then either sort our your expenses properly and live a bit cheaper or if you are on a very low wage check and see what you can claim from the government like everyone else seems to. |
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BobApril
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There would be no point - the only purpose of declaring individual bankruptcy is to protect yourself from creditors seizing your property. If you have no debt, you have no creditors - and therefore no reason to ruin your credit rating like that. |
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Lily B Talus
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Why would you want to pay £350 plus to go bankrupt if you have no debt?...and then wreck your financial future for years to come. Go to the C.A.B. and ask them to check to see if you can claim Housing Benefit...you also need to look for somewhere cheaper to live, |
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wyomugs2k9
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No, bankruptcy is what you file when your debts are bigger than you can afford to pay. |
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utilityblend
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no you cant but then again why would you want to. all you will do is stop yourself being able to get any credit for at least 5 years and it will ruin your credit file for at least the next 7 |
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src50
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Bankruptcy only concerns dealing with exsiting debt. |
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focus
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No you can not go bankrupt. Sorry you have to just struggle on. |
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Delta
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Don't think u can |
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SeaEff
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Declaring yourself bankrupt is not going to give you anymore money to live on. As you have no debt there is nothing to be achieved by even trying to do it, which I doubt you can if you have no debt. |
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teresathegreat
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Not really. Bankruptcy is a really bad idea, anyway. It doesn't excuse you from paying bills, and it will make it impossible for you to do anything financially for at least the next seven years. Bankruptcy makes you a financial leper - you won't be able to get credit cards, rent anything, get loans, etc.
You'll have to reduce your circumstances. Move to a smaller living space, share housing with others, eliminate any non-essential spending, sell unnecessary possessions, etc. It's not a great option, but you gotta do what you gotta do. |
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WelshLad
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What do you hope to achieve then? |
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BC
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Why would you want to do that? It will just wreck your credit. Try finding a better job. |
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Mikey
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The Guide lines to file or bankruptcy is the inability to pay your debts (regardless of the amount).
So if you have no debt you will be unable to file for bankruptcy.
Im not sure what you are thinking you may achieve by doing this but i work for the Official Receiver s if you wanted further advice drop me a message.
Mike |
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PsychGirl
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Ummm, I guess you can declare yourself bankrupt, but you can't declare bankruptcy. |
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Joni H
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Um, you might technically be able to, but it would be completely pointless.
Bankruptcy protects you from your creditors. They either have to renegotiate your debts, or forgive them. It also ruins your credit for 7 years or so.
To declare bankruptcy, you need to pay several hundred dollars (at a minimum) to an attorney. That is money you never get back.
So, in your case, declaring bankruptcy would not have any benefits for you, and it would cost you money.
If you are in dire financial straits, in the U.S., better options are: applying for unemployment benefits, applying for TANF (Temporary Assistance for Needy Families), applying for food stamps, and visiting food pantries in your area. HTH. |
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buildypuss
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how Absolutely redicilouse! |
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Sali
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call them and tell them the situation if they reshcudle your payment or give you an extended time to pay fair enough if not ask them to make you insolevent and in this case they will understand that they have to cooperate with you. It is hard to pay now for all not only for you. |
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SnazzyBazzy
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Good Question.
I Am Not Sure About That One
What Do You Have To Gain Though..? |
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ramses
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it doesn't matter how much you make but how much stays with you. |
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