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Made bankrupt over a £1500 credit card bill

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This must have happened some time ago as the minimum amount for third party bankruptcies is now £5,000, but it is nevertheless unusual as it would have cost the creditor almost as much again to take you through the process.

However, if you have received the bankruptcy paperwork from the court and are in a position to settle, simply get in contact with the court and arrange payment, and the bankruptcy will be annulled. There might be penalty fees involved, but it’s worth paying them to get rid of this problem.

‘Made bankrupt over a £1500 credit card bill’ is just one of hundreds of questions we’ve answered over the years, but feel free to call us on 01425 600129 if you need to know more or need bankruptcy help. We are here to help.

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