Bankruptcy TV: Bankruptcy Advantages

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Programmes

				Bankruptcy TV Introduction	21.03.07

				This video explain what Bankruptcy TV is all about and how to use it.

				Bankruptcy April Forum Update	23.04.07

				Find out what happened in the Forum this April 2007.

				Bankruptcy April Market News Update	23.04.07

				Bankruptcy market news for April 2007.

				Bankruptcy FAQ	23.04.07

				All the frequently asked question about bankruptcy answered.

				How to set up a Blog Account	23.04.07

				This video explains how to use the Bankruptcy Blog account.

				How to set up a Forum Account	23.04.07

				This video explains how to use the Bankruptcy Forum account.

				What is Bankruptcy?	21.04.07

				This video explains what Bankruptcy exactly is.

				Advantages of Bankruptcy	21.03.07

				A simple explanation of the advantages of Bankruptcy.

				Disadvantages of Bankruptcy	21.03.07

				A simple explanation of the disadvantages of Bankruptcy.

Bankruptcy : Advantages

Bankruptcy : Advantages.

If you go bankrupt, all of your debts will be taken away from you and you will no longer be responsible for repaying them. · After twelve months you will be ‘discharged’ from bankruptcy, and all restrictions will be lifted. Any money outstanding will be written off, except for Student Loans and non-dischargeable debts. · Even though your house and car may be at risk, your reasonable household goods are safe – nobody will be knocking on your door to seize your DVD player, sofa, fridge or washing machine. · Your payment plan to the court usually only lasts for three years – that’s two years less than an IVA.

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