What do you need to do after you've been discharged from bankruptcy? Here are some tips from an insider.
You should be able to be discharged from bankruptcy after 12 months, but what happens then? Here’s an insider’s view from someone who’s been through it.
A few weeks ago I was contacted by a SavvyWoman user who’d been through bankruptcy and who wanted to explain what it meant and how it affected her. You can read her thoughts on going bankrupt elsewhere in this section. In this article, ‘Helen’ talks about what it’s like to be discharged from bankruptcy and what you may have to deal with.
Declaring yourself bankrupt; tips from someone who has been through bankruptcy.
Bankruptcy is never an easy option, but for some people it’s the only way they can deal with their debts. What do you need to know?
Recently I was contacted by a SavvyWoman user, I’ll call her Helen, who had voluntarily declared herself bankrupt a few years ago. She was keen to pass on advice and tips that she’d learned from the experience.
Historically, far fewer women than men have gone bankrupt. The most recent figures to be analysed, for 2008, show 23,000 women went bankrupt compared to 37,000 men, but the number of women going bankrupt relative to men is increasing.
Debt options if you can't keep up your repayments.
If you have serious debt problems there are several options that can help you if you can’t pay back the money you owe.
You don’t have to look too closely to uncover some fairly depressing statistics about debt. According to Shelter, a million people used their credit card to pay their mortgage or rent last year, while Citizens Advice says it deals with over 9,000 new debt cases every day. But if you’re struggling to pay back money you owe, the fact that others are in the same position is of limited comfort. What may help is knowing there are several different options available to you. The key is to talk to a debt advisor as soon as you realise you have a problem.
