On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and cre

for example will the bank or credit card company bankrupt you for 20K more or less for loans, or 5K more or less on cards..

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

no one %26quot;bankrupts%26quot; you...you needs to declare it yourself. And it should be the last possible measure.

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

If this is an English question, anyone you owe 鎷?50 or over can move to make you bankrupt if they do not think you have the means to pay them.

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

If you%26#039;re in UK (Scotland) it%26#039;s at least 鎷?500 debt you%26#039;ve to be in. You have to go to your lawyer to file for bankruptcy.

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

As said you can be made bankrupt for 鎷?50 or more but the thing the banks think about is do you have any assets for them to claim. Unless you own property or have something of value then they will more than likely get nothing so it isnt in their best interest to do so, the official receiver and all their costs come first so they will just plague and chase you instead, better to deal with things yourself or make yourself bankrupt if you have no options to pay the money back.

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

To be involuntarily filed as a bankruptcy (in the US), THREE creditors need to file the petition. I can pretty much guarantee credit cards aren%26#039;t going to waste their time because they won%26#039;t get any money out of it.

On which amount of debt banks take option of bankruptcy on someone in debt on personal loans and credit cards?

Its not the amount that brings the bankruptcy option into play

its the conduct of the debtor....eg not communicating with them