Can any debt or bankruptcy situation be sorted?

To whom it may concern,

I am sending out this message to beseech whoever reads it for advice. I am in desperate need of advice because I have been undisciplined and stupid with my finances and have got myself not only into debt, but have reneged on bankruptcy repayments! I also have a £20000 rent bill from a local authority. This again is my fault as I had every opportunity to claim Housing Benefit at the time, for which I was eligible, but I didn’t. I also have a student loan and am repaying my former employers for an overpayment.

As you can see, I have a disastrous relationship with money. You might say just sort it out. I agree and I am seeking advice so that I can make that a reality. You see, I’m afraid that the non payment of bankruptcy might be punishable by prison. I’m scared of this and want to seek a way to repay all my debts and remain at liberty.

Let me reiterate, although much of my debt problem (and other problems) are as a direct result of me avoiding correct action, I fully want to redress this situation now and will no longer avoid it.

Thus I urge you if you can give me pointers on what action to take next, please do so...

Thank you very much... Jake
Asked Sep 06, 2010
The absolute first step is to communicate with the people you owe. That tells them that you are aware of the debt and you're trying to meet the obligation. If you have defied a court order in a bankrupcy proceeding, contact the court. The key is to be honest and open with them. That doesn't say it will be a pleasant experience but it will be much better than if they have to come looking for you.
Answered Sep 06, 2010
Thank you Jake I will do this... do you have any advise on a step by step method of dealing with everything (debt wise) which does not involve being compromised by loan sharks?
Kuumba Sep 06, 2010
You can't borrow your way out of a financial hole. The only two choices you have are to increase your income or cut your cost of living to contribute more to the pay back or both. If you talk to your creditors, ask them for suggestions. They may be aware of other options available in your area (I have no idea where you are). Try to get them on your side. Whatever you do, make sure you live up to your end of the bargain.

Rob Sep 06, 2010
Hi, my advice is that you need to fix all your debt first, and you can consult a bankruptcy expert to help you out of your problem.
Answered Nov 06, 2013
yes I agree with the other comment. First thing you do is to settle first your first debt.
Answered Nov 25, 2013
I'm confused about with my answer in that case its better to consult bankruptcy expert to make it clear to you your problem.
Answered Aug 18, 2014
hi, just try to prioritize your problem and settle it accordingly. Its best to consult an expert to help you figure out this problem.
Answered Aug 19, 2014
You must aware , then make a good plan to settle your problems.
Answered Sep 30, 2014
Hey! you need to clear it out all your debts to start up a new obligation. Just do it step by step for a better result.
Answered Sep 30, 2014
You must ask the attorney , Because going bankrupt there is one critical principle you must be aware of . Then face your obligation.
Answered Oct 01, 2014
Yes, its true you need to fix it all. A Bankruptcy Lawyers could help you a lot to resolve your financial troubles.
Answered Oct 08, 2014
Yes ,true you must face your debt ,then ask your attorney advice.
Answered Nov 29, 2014
Yes, And Remember, you are not alone and you can get help with your debts. Hang in there and good luck. If you have any questions then please ask in the Bankruptcy Attorney, I find Bankruptcy Experts Gold Coast may give you a well nice Idea about bankruptcy.

Answered Dec 08, 2014
Yes,and you must face your debt and settle it. Still, seek for a professionalized advice.
Answered Dec 12, 2014
Getting good advice is easy, getting the right advice is one of the hurdles with any kind of financial issue, and finding the appropriate person is even more challenging. The world of bankruptcy is very specialized and niche.
It' s always better to talk to the experts. Try to visit this site bankruptcyexpertsportmacquarie(dot)com(dot)au and contact them for a free consultation.
Answered Dec 13, 2014
Edited Dec 17, 2014
yes it can be sorted. but you'll find and expert on that just call these digits 1300 795 575
Answered Dec 27, 2014
Yes ., I agree much better to consult the experts.
Answered Jan 11, 2015
There are many ways in sorting out bankruptcy problems. First way is to hire a professional Bankruptcy attorney. They are asking among friends, relatives and known sources those who had the experience of getting legal service from Bankruptcy Attorney. Other option is to search through online directories listing out complete information of best Bankruptcy Attorney available in your area. Yellow pages can also be an additional source in providing details about professional bankruptcy lawyers. With the assistance of Bankruptcy attorney client can solve Bankruptcy problem with much ease. You can get information from different online sources like,, for bankruptcy or debt situation to be easily sorted.
Answered Nov 25, 2017
Edited Nov 25, 2017
Nice knowledge gaining article. This post is really the best on this valuable topic.
Answered Oct 19, 2020

TIP: If it's not your answer to this question, please click "Leave a Comment" button under the question to communicate with the question owner.