Posted: Mon Jun 04, 2007 4:14 pm
my question is; if I paid off my student loans with credit cards and loans then went bankrupt (after a reasonable time), would that get rid of my loans?
I had the old style loans as a single parent. Housing benefit took my loans as income at that time and would not take into account childcare costs. My degree was not available part-time, so I had to take the loans.
I do not agree with my loans being both a income and a debt. I worked hard for years after dropping out of university due to being unable to afford childcare. I paid my bills and loans and had two jobs and never claimed any benefits. I asked my housing association if there were any schemes available to enable me to buy my own home, they told me that because I am a single parent I did not need to work and did not need to own my home. Since then I have worked part-time and claimed everything I can and only pay priority bills. My life has been written off by our government.
However, there should be a change of government soon and a reintroduction of right-to-buy coupled with a housing crash. I now have hope for my future and my youngest will finish his A levels in four years. I want to repair my credit rating and think going bankrupt will mean in six years I will be able to have a home.
Is this feasible?
Many thanks
I had the old style loans as a single parent. Housing benefit took my loans as income at that time and would not take into account childcare costs. My degree was not available part-time, so I had to take the loans.
I do not agree with my loans being both a income and a debt. I worked hard for years after dropping out of university due to being unable to afford childcare. I paid my bills and loans and had two jobs and never claimed any benefits. I asked my housing association if there were any schemes available to enable me to buy my own home, they told me that because I am a single parent I did not need to work and did not need to own my home. Since then I have worked part-time and claimed everything I can and only pay priority bills. My life has been written off by our government.
However, there should be a change of government soon and a reintroduction of right-to-buy coupled with a housing crash. I now have hope for my future and my youngest will finish his A levels in four years. I want to repair my credit rating and think going bankrupt will mean in six years I will be able to have a home.
Is this feasible?
Many thanks