Bankruptcy in the UK, i'm 24, single and owe lb22,000.00?

Hi,

I am in the red by lb22,000.00, i'm 24, single and live in a council property.

I earn lb20,000.00 a year but i am struggling to earnings but the money, i haven't missed a stipend but i maintain getting a bigger loan to cover the other loan.

I be wondering if i would lose my coupé, laptop and common stuff resembling that?

Any proposal would be great?

Thanks

JD

Answers:
By declare bankrupcy most of your assets will be taken cd's dvd's computers they can not take bed and indubitable furniture and kitchen equipment and hiding these things in friends and family houses is unauthorized.
It will also cost you up to lb500 pound to affirm voluntary bankrupcy.
If you enjoy borrowed from a ridge or reputible lender you should approach them and articulate you are struggling they will mess you around for a long time but you may know how to win a manage loan where on earth you repay smaller quantity over longer you may enjoy restrictions placed on you if it is wall loans eg lose credit card cheque guarantee card etc.


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