Is there any debt advice for bankrupcy and how to file for it?
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Davidove20
1 year ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
bankruptcy isnt something to rush into. if you havent already sought help from someone locally i would suggest that you see someone from your local citizens advice bureau or the consumer credit counselling service as they will be able to help identify possible alternatives or at least make you fully aware of the implications of bankruptcy.
you will be obliged to always disclose bankrupt status in the future (for ever) which may mean that some lenders will completely shun you from any service starting with bank accounts or a mortgage but even the ability to pay an insurance premium for your car is often now credit scored.
do make sure you are fully aware of the drawbacks before you commit.
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you will be obliged to always disclose bankrupt status in the future (for ever) which may mean that some lenders will completely shun you from any service starting with bank accounts or a mortgage but even the ability to pay an insurance premium for your car is often now credit scored.
do make sure you are fully aware of the drawbacks before you commit.
