Log in

View Full Version : Totally confused


jason taylor
Nov 15, 2006, 10:11 AM
I filed for bankruptcy at the court and paid 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

ScottGem
Nov 15, 2006, 11:16 AM
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.