Case Studies

Bankruptcy

Bankruptcy Case Study #2

James is 43. He is recently divorced and lives in local authority rented accommodation. He owes £64,000 in loan and credit card debt. He receives incapacity benefit and Income Support and expects to be unable to work for the next few years.

Bankruptcy law will provide relief to those in otherwise unmanageable financial situations and this clearly describes James’ predicament.

Verdict A sensible and positive option.