How To Get Help With Bankruptcy Fees

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I want to go bankrupt but I can’t afford the fees and so I’ll end up paying my debts for the rest of my life. How can I get help with bankruptcy fees?

Help with bankruptcy feesIt may seem a strange irony that going bankrupt costs money, and many people are put off considering bankruptcy as a debt solution because of this. However, there are companies and organisations that can help you with bankruptcy fees and who will consider a person’s application on its merits. Below are three possible avenues to consider when trying to get help with bankruptcy fees.

1. Contact utility company Trust Funds

Water, gas and electricity suppliers often run Trust Funds that are specifically set up to assist customers with their fuel costs, and some will accept applications for help with bankruptcy fees. You can obtain an application form by calling the customer services number on your bill. Once you’ve filled this in and sent it back, it’s up to the company concerned to decide if they can help. If they can, the money is offered as a gift and is not repayable by you. Here are some of the larger utility company Trust Fund websites:

The British Gas Energy Trust
The EDF Energy Trust
The Anglian Water Trust Fund
The EOS Foundation

If your utility company is not represented here, then simply ask a customer service representative from your supplier who will be able to advise you further.

2. Talk to your union’s Welfare Officer

If you are a member or former member of a union and feel you can talk to the Union’s Welfare Officer, you can ask if they are able to assist by giving help with bankruptcy fees. For union contact information in the UK, visit:

Trade Union Congress (TUC)
Worksmart (Run by TUC)

3. Speak to your local Citizens’ Advice Bureau (CAB)

It would also be worth contacting your local Citizens’ Advice Bureau. They may know if there are any local funds that you can apply to, to help with bankruptcy fees.

Free debt advice about bankruptcy

If you’re worried about your level of debt, then you can talk to a Payplan debt adviser who can discuss all your options and recommend the best free debt solution. Call free on 0800 917 7823 or submit a quick debt enquiry online

Debts Hit Middle Classes

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Debt Crisis Hits Middle Classes

Free debt solutions service, Payplan, has responded to this weekend’s national press coverage focusing on the increase in enquiries for debt advice from the middle classes.

Debt advisers at the service have been speaking to many families and individuals with high incomes, but whose debt has reached breaking point.

Debt Affordability Decreases

Payplan’s managing director, John Fairhurst, said:

“Our clients are really feeling the pain of the rising costs. Householders’ budgets are being squeezed as the cost of food, fuel and energy bills reaches ever higher levels. A direct result of this is that the affordability of their debt burden is at an all time low.”

Free Debt Advice

Call Payplan free on 0800 917 7823 six days a week to speak with an experienced debt adviser. Lines are open 8am to 9pm Monday to Friday and 9am to 3pm on Saturdays. Alternatively get debt advice online

Problems Opening A New Basic Bank Account?

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Debt Question Of The Week

I have been trying to open a new cash card account at the bank but they keep telling me I can’t have a basic bank account and that I must apply for a current one. Do I have to ?

1) If you are trying to resolve your debt situation and want a neutral account, then a basic, instant access cash card account is the best option.

2) Whichever neutral bank you approach, you should remember that you are the customer and the bank should be seeking to open the basic account that you are asking for.

3) It isn’t clear whether bank staff have incentives for persuading clients to open current accounts, but you should maintain that it is only a basic cash card that you need, as a current account would involve a credit check.

4) You do not need the overdraft facility or cheque book that comes with a current account either. Everyone has the right to have a basic card account.

5) Find out more about Basic Bank Accounts here.

For further debt advice, call Payplan on 0800 917 7823 or submit an enquiry online.

Bankruptcy Threat From Creditor For House I No Longer Own

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Debt Question of the Week

One of my creditors has advised that they are going to make me bankrupt and state that it is a matter of public record that I own a house. However I sold the house 5 months ago and now live in a rented property. I have no other assets, so what can I do?

1) You should let the creditor know that you are no longer a home owner, and ask whether they would withdraw the threat of bankruptcy, as you have no assets from which they may receive some benefit.

2) You should then send proof of the sale such as the Copy of Sale documentation from the solicitor.

3) Next, contact the solicitor who handled the sale for you and advise them that the Land Registry don’t appear to have updated their details acknowledging that you are no longer the home owner. Your solicitor should have notified them of this. Perhaps the solicitor has failed to make them aware.

4) If there is no other reason why you wish to avoid bankruptcy, such as job being at risk or the need to avoid it becoming public knowledge, then having a creditor petition for your bankruptcy would at least save you the need to find the fee yourself and it would rid you of all unsecured debts in one go. We would advise that you check your tenancy agreement to ensure this isn’t at risk if you are made bankrupt.

5) If you wish to avoid bankruptcy, then Payplan can offer alternative debt solutions such as completely free debt management or an IVA. Call Payplan free on 0800 917 7823 or submit your details online for free debt advice.

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