bankruptcy

[c.shallow]

My husband is thinking about declaring himself bankrupt. Is it better to do it through a finance agency or go straight to the local courts? What is the difference?

[themas]

I'm not sure what you mean by a finance agency. If you are referring to one of the outfits that charges a fee for doing this then the answer is a big NO - don't waste your money in this way. If your finances are bad enough for you to go bankrupt you don't (or shouldn't) have money to throw away in this fashion.

You can get the forms from your local County Court or download them from the internet. If you are confident you know what to do to complete them accurately then do it yourself, but there are aspects of the form filling that you may not be aware of which a money adviser could help with. Otherwise, use a free advice service such as your local CAB or by calling CCCS.

[c.shallow]

Thanks for the good advice (:

[mwalton]

c, definitely research the options thoroughly before jumping into bankruptcy. there are better ways to get out of debt!