I'm so pleased to have found somewhere like this because it looks like what I have been dreading doing for weeks (filing for personal bankruptcy) may not be such a terrible ordeal as i thought.
For about 18 months i have been gambling like a maniac on the Internet and for those of you not similarly addicted the following figures may seem astonishing. I have won c. £55000 at various online casinos in that time and yet I now find myself with £45000 of debts in the form of maxed out credit cards and 4 (four) unsecured personal loans. I have £1050 per month coming in after tax, and the payments on the loans take £735 of that. Because I live with my parents, I could actually handle paying back the loans but the Credit Card payments are beyond me.
I understand that because I have totally brought this situation upon myself that the law will treat me in a different light to people who have got into difficulties through losing employment or having a struggling business, but does anyone here have a similar experience or could someone explain how i will be treated differently for bankruptcy purposes?