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Posted by Brian : January 30th, 2008

will bailiffs call

I currently owe approx £12000 mostly credit card debts, i have juggled them around for years and come to the conclusion that bankruptcy is my only option, I live in a rented flat but i am worried that bailifffs will call and take my personal posessions. I am currently unemployed and disabled. can you also advise me what happens to the payments i am currently making to my creditors, are they ireduced in any way, also do i have to continue paying them until I am discharged?
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Bankruptcy

do we have to sell house to pay debt he s already been made bankrupt or does the trustee sell our home if so wat time limit do we have i no i can pay for his half but dont have the money the debt is lot more then what the house is worth
Posted by: Lindah

Hello Brian,

Based on the details you have given bankruptcy does seem like a good option for you. By declaring yourself bankrupt you are telling your creditors that you don't have the money to pay off your debt. Any assets can be seized during a bankruptcy eg a house, in some cases cars. If you give DAT a call our advisors can give you a few more details about bankruptcy and tell you what the next step would be.
Hope this Helps.
Posted by: Debt Advice Tru...