bankruptcygreenspun.com : LUSENET : Repossession : One Thread
Can i be made bankrupt, by lenders solicitor? What is the process, Any web sites, legal notes i should be looking at?
-- Dino (firstname.lastname@example.org), January 27, 2000
Yes you can - if you have enough money to make it worthwhile. Bankruptcy will ensure that about 15% of what you have goes to the Crown and allows yo to live a "comfortable" life (eg including holidays) so it doesn't get that much cash for lenders and is therefore not a preferred option. Unless you have plenty of cash.
The process is a bit beyond what we get involved with. Try www.insolvency.co.uk
-- Lee (email@example.com), January 28, 2000.