bankruptcy with unsecured debts less than 20,000

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katie.h

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Post by katie.h » Sun Apr 15, 2007 11:17 pm
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i think I read somewhere that filing for bankruptcy can be a problem if your debts are nusecured and less than 20 000 is this right?
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MelanieGiles

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Post by MelanieGiles » Sun Apr 15, 2007 11:37 pm
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No - it is just a different type of bankruptcy - called a Summary Administration. Only a technicality really, and nothing to worry about.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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