I went bankrupt 8 years ago now, and unsure if been dischared. I now have further debt, and I am wanting to enter a debt management plan. Would this be something I would be able to do, despite me going banrupt 8 years ago
Assuming you are in theUK, you will have been discharged 2 or 3 yrs after been declared bancrupt depending on how much you owed. I was declared bancrupt in 2000 and had to wait 3 yrs as i owed more than £20,000.
You should still be able to enter debt management but I would speak to the Citizens Advice Bureau first as they may have better alternatives for you.
For some people Bancruptcy a 2nd time around is an option. For others IVA or just contacting your creditors and making reasonable agreements with them.
In April there is hopefully a new alternative been introduced to Bankruptcy. It is called a Debt Relief Order.
http://www.my-iva-adviser.co.uk/iva-what-is-a-debt-relief-order
Take a look at the link above that will help. This is apparently, like bancruptcy but a little less formal.
Good Luck
