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Ask Clare Your Own Question
Clare
Clare, Solicitor
Category: Bankruptcy Law
Satisfied Customers: 34580
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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What are therules regarding bankruptcy when theperson has 36000

Resolved Question:

what are therules regarding bankruptcy when theperson has 36000 of debt and is a single parent with no assets and works only part time
Submitted: 2 years ago.
Category: Bankruptcy Law
Expert:  Clare replied 2 years ago.
Hi
Thank you for your question
My name is Clare
I will do my best to help you but I need some further information first.
What is the nature of the debts and what makes you believe that there are different rules involved?
Clare
Customer: replied 2 years ago.

mortgage due to repossession of home

credsit card halifax

visa card barclays

credit card barclays

i have no idea what the rules are for bankruptcy

Expert:  Clare replied 2 years ago.
Hi
I am afraid that there are no special rules involved.
Since you have no assets then there is no risk to your belongings (unless they are priceless antiques of course) - and from what you have said it is highly unlikely that your income is sufficient to make a monthly payment likely
You can find out more here
https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/is-bankruptcy-right-for-you/
Please ask if you need further details
C;are
Clare and other Bankruptcy Law Specialists are ready to help you