Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Can my credit card debt be written off if i declare bankruptcy? - Yes it will be. But if you own any assets such as a house, an expensive car or have savings these will be seized by the Official Receiver to pay off some debt.
By an expensive car I mean a Porsche or Merc. A modest car will not be seized. Also you will be interviewed to make sure you are not committing fraud by deliberately running up a debt and then going bankrupt without having tried to pay it off. So be prepared to explain why you got into the mess. If all goes well you will be discharged from the OR's control in a year. -
