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Question: Can someone be made bankrupt if they have debt repayment plans with creditors?

(Posted by: khitb77 on 2010-03-11 03:03:31)

My sister is in dire financial trouble and in my opinion she should make herself bankrupt. She has numerous creditors chasing her for money and she cannot pay what she owes. The problem that she has highlighted is that she has 'debt repayment plans' with some creditors and the other debts are with debt collection agencies. Can my sister still make herself bankrupt if she has made these plans with her creditors? Any advice is welcomed. Many thanks.

Posted by: Gengi$ on 2010-03-11, 03:06:18

Best to go to Citizens Advice Bureau they will know the procedures. Here's the Direct Gov link on Bankruptcy: direct.gov.uk/ en/ MoneyTaxAndBenefits/ ManagingDebt/ CourtClaimsAndBankruptcy/ index.htm