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Bankruptcy Form Section 11.2 - Cause of Bankruptcy


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Hi Folks,

 

I'm filling the forms for my bankruptcy and section 11.2 of the forms (Cause of Bankruptcy) requeres an explanation to support my reason to file for bankrupty.

 

Could anyone let me know if the explanation of being on £13.000 per year for the past 6 years and living through ever rising living cost without my wages catching up with the living standard would be a good reason?

 

Also, if anyone can, fill me in with plausible reasons, please.

 

Thanks in advance.

Blessed are the flexible, for they shall not be bent out of shape. -Author unknown

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Allways best i feel to tell it as it happened,the complete as it happened truth.In your case it sounds like the money i had coming in, wages hadnt changed for 6 years and due to ever increasing living costs i was unable to pay my financial commitments,credit cards,mortgage,anything you had just make it fit.I found i was living beyond my means,Till the whole situation overwhelmed me and could cope no longer.I hope you have taken advice from payplan or cccs or some other service,good luck keep posting,Tawnyowl

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