You can do it by not paying your creditors at all for a couple of months or so and get the money that way.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
kallis3 wrote:
You can do it by not paying your creditors at all for a couple of months or so and get the money that way.
From my knowledge, as soon as youve made the decision that bankruptcy is the correct debt solution for you, immediately stop making all payments to your unsecured creditors and as kallis says, this should help raise the funds needed for the court costs to petition for your bankruptcy
I would not take money off your cards to do this. I don't think it would go down very well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If you are impecunious some Courts will allow a 50% discount of the fees - check with your local County Court
Last edited by David Mond on Tue Oct 21, 2008 5:33 pm, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
David - are you referring to people on benefits - or is there some other scheme operated by the Courts which I don't know about? If on benefits, you can save the Court fee of £150 but will still need to pay the rest.
The fees are split as to the Bankruptcy Fee of £345 and Court Fee of £150. I think that if on benefits the Court fee is waived in all or part.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
