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Posted by SAZ : February 8th, 2008

Im thinking of going bankrupt

My husband works i am on incompacity all my debts are in my name we have been strugling for the past 2year payin a small anount of my debts, i privetly rent my property my car is only worth about 1900pound my husband has a car on finance, can i go bankrupt without afecting him, wot would thy come and take from my home, how do i go about going bankrupt
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Hello Saz

Bankruptcy is an option available to everyone. The fact that you have a limited income and are in a rented accommodation means that you have no major assets at risk, but even though your car is only valued at 1900 pounds unless you can prove that this is needed and give a realistic reason as to why you cant use public transport to get around, your car could be seized. Also what people aren't always aware of is that if a court believes you can afford to pay something back they could still make you pay in the bankruptcy.
If the debt is all in your name then you are the only person responsible for that debt, meaning that your partner wouldn't be affected. For more information give DAT a call and our advisors will go into more details about how to go bankrupt.
Hope this helps.
Posted by: Debt Advice Tru...

Thanks

Thanks for the advice, it was a great help
Posted by: SAZ

Thanks

Thanks for the advice, it was a great help
Posted by: SAZ