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Posted: Mon Feb 09, 2015 1:32 am
by Jean.74
Can someone tell me please how much one's debt has to be for bankruptcy
Posted: Mon Feb 09, 2015 4:11 am
by luluj
A lender can technically petition for your bankruptcy if you owe them £750 or more. If you are applying for your own bankruptcy, there are no set guidelines about how much debt you must have, but bear in mind that it costs up to £700 up front to apply for your own bankruptcy.
Posted: Mon Feb 09, 2015 9:00 am
by Michael Peoples
If your debts are under £15k [soon to be £20k] and you have limited income a debt relief order may also be an option.