- Sat Feb 11, 2006 9:29 am
Where did you get the IP that you spoke with? Was it recommended by someone or through a money advisor.I am surprised, because at a level of £100-£125 per month, I have never known an IP to say that.........
And are they asking you for upfront fees of £3k , because they shouldnt. I can make some enquiries first before you settle on the Bankrupcy route.
In Scotland you can only file for your own sequestration if somone takes you to court gets a decree, and then serves you a "Charge for Payment of Money", a "Statutory Demand" or a "Failed Attachment Schedule" ( which is where Sheriff Officers have tried to attach goods-usually for Council Tax and have been unable to do so). Many creditors threaten Court Action but dont seem to carry it off quick enough (for Scottish debtors liking). I have had cases waiting for 2 and 3 years with clients waiting for Bankruptcy.Meanwhile the debt just sits there until it ends up being Statute barred. There are moves for people to file for Bankrupcy under he Summary Warrant scheme (non payment of Council Tax)-doubt we will see that till 2007 at earliest