Creditor oppese?

April 15th, 2007 by Questions

I tried business in uk last year and send 40000$ to there and busines went down in 7 month and i dont have job here and have some debt 45000$ personal e.t.c
If i file bankrupcy it will work for me?


One Response to “Creditor oppese?”

, A licensed trustee said:

I think you need to round up as much information as you can find regarding the money you sent to the UK and your other debts. Bankruptcy will likely eliminate the debts, but you may have to prove that you acted in a reasonable manner. If you didn’t, then your bankruptcy may last longer than the usual 9 months and you may have to explain yourself in Court.

If you haven’t done anything illegal or improper you have nothing to worry about.

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