Claimform - arrow rbs, £8500

[sequenci]

Hi there,

 

There's a great bankruptcy fact sheet here: https://www.nationaldebtline.org/EW/factsheets/Pages/01%20EW%20Bankruptcy/Default.aspx

 

Given what you've said, it could be a very simple and effective way of becoming debt-free. It's a painless exercise these days, the only real hurdle is the fee - though there are organisations out there who may be able to help.

 

Do read through the fact sheet, it's beautifully written and easy to understand. It answers all the key questions.

 

Best wishes,

 

Seq.

[sequenci]

As Ganymede highlights, the only option that the creditor would have that could cause you a small degree of frustration is an attachment of earnings - though they are very rare. A creditor is highly unlikely to bring bankruptcy proceedings against you unless you have an asset that they can implicate - i.e. a property that you own.