If your parents do not own their property, bankruptcy may well be the best solution to put these debts behind them. You do, however, suggest that they are property owners - is there any equity in the house? hello- house is owned outright with no mortgage- though still needs extensive repair in plac...

Hi My father has recently admitted he continues working beyond the age of 65 because they owe around £20,000 on various credit cards & that they depend heavily on them as he earns £8 per hour, unfortunately snowballing the situation.Since finding out this information, my mother has become very ill &...