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Home > Money & Services > Bankruptcy & Debt   »   totally confused

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Old Nov 15, 2006, 09:11 AM
jason taylor
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totally confused
i filed for bankruptcy at the court and payed 500 pounds i then had to see the official receiverwho has drawn up a payment plan which is very steep . i was under the inpression that bankruptcy and insolvency were different things i am a bit confussed

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Old Nov 15, 2006, 10:16 AM   #2  
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As the receiver for an explanation. I don't know UK bankruptcy laws, but in the US there are several tiers of bankruptcy. Some require paying in full, others discharge the debts.
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