- Tue Jun 07, 2005 8:10 am
Please do not worry about this.
If your doorstep loan company decided to make you bankrupt you should run out into the street and sing HALLELUJAH! The reason for this is they will have saved you the bankruptcy deposit fee.
No, they will not come round to collect your DVD and videos etc - they are only come to come round and collect things that are worth paying someone to collect, store and sell at auction and make money for the bankruptcy estate and as you can buy most of these things brand new for under £50 it is not worth while. However, you know that Picasso original you have on the wall - well, they will want that!
As you are on benefits there will be no income payments arrangement so as you have decided this is your best route forward you have nothing to lose but your debts and the chance to start afresh. You have accepted the effect on your credit rating and realised that in fact it is the good credit rating that got you into this pickle.
Good luck and let us know how you get on.