Solution!

Discussion in 'Insolvency' started by lukzoli, Jan 27, 2018.

  1. lukzoli

    lukzoli UKBF Newcomer Free Member

    4 0
    Hi there!I have got 55000 gbp debt and for not anticipated reason I need to move back in my home country EU! Serious family problem!
    What is my best option!I do not want to run away so should I apply for bankrupcy but I do not want or IVA is a good option for me because I want to pay back at least some money!!thx
     
    Posted: Jan 27, 2018 By: lukzoli Member since: Jan 27, 2018
    #1
  2. Mr D

    Mr D UKBF Legend Free Member

    7,054 743
    Probably best speaking to a professional, an insolvency practitioner or debt advisor who can look at what current situation is and options available.
     
    Posted: Jan 27, 2018 By: Mr D Member since: Feb 12, 2017
    #2
  3. Gavin Bates

    Gavin Bates UKBF Regular Free Member

    369 68
    As above you need to take professional advice so that the options cab explained. Most IP will offer a fee initial meeting.

    Regards

    Gavin
     
    Posted: Jan 27, 2018 By: Gavin Bates Member since: May 9, 2016
    #3
  4. KAC

    KAC UKBF Enthusiast Free Member

    800 177
    ... or even a FREE one :D
     
    Posted: Jan 27, 2018 By: KAC Member since: May 7, 2017
    #4
  5. Gavin Bates

    Gavin Bates UKBF Regular Free Member

    369 68
    Well spotted should have said free!!!
     
    Posted: Jan 27, 2018 By: Gavin Bates Member since: May 9, 2016
    #5
  6. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    1,906 239
    Is it personal debt you have incurred or for Limited Company or partnership?
     
    Posted: Jan 29, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #6
  7. lukzoli

    lukzoli UKBF Newcomer Free Member

    4 0
    Hi!It is a personal debt!Not joint etc just on my name.Unsecured!thank you
     
    Posted: Jan 29, 2018 By: lukzoli Member since: Jan 27, 2018
    #7
  8. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    1,906 239
    You need to consider personal insolvency options - there are a few but perhaps Bankruptcy might be best depending on your circumstances - need a lot more info to be able to advise.

    Then again if you are leaving the country some people would leave the debt in limbo.
     
    Posted: Jan 29, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #8
  9. lukzoli

    lukzoli UKBF Newcomer Free Member

    4 0
    ''Then again if you are leaving the country some people would leave the debt in limbo''Sorry what do you mean???tkx
     
    Posted: Jan 29, 2018 By: lukzoli Member since: Jan 27, 2018
    #9
  10. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    1,906 239
    No everyone would enter a formal insolvency procedure or deal with their debts in a proper manner.

    We have since spoken so hopefully you now have a way forward.

    Best of luck.
     
    Posted: Jan 29, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #10
  11. lukzoli

    lukzoli UKBF Newcomer Free Member

    4 0
    Thank you!I made my final decision and I submitted a bankrupcy!Now waiting the outcome and the interview with the OR!Nice to talk to you!All the best!
     
    Posted: Jan 29, 2018 By: lukzoli Member since: Jan 27, 2018
    #11
  12. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    1,906 239
    You're welcome.
     
    Posted: Jan 29, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #12