This is not a common situation, so it’s difficult to give a definitive answer. General bankruptcy regulations state that a bankrupt cannot obtain more than £500 credit without informing the creditor of their bankruptcy status. Thus, if you do this, there shouldn’t be a problem. If your loan has come through official channels, by which I refer to the Higher Education Authority Act, then the official receiver cannot touch the loan or grant. In fact, there is no pressing need to even inform the official receiver of your loan – it is after all a loan, so is not really income or count towards an increase in your assets.
TheBankruptcyService.co.uk doesn't charge a fee for its bankruptcy service, but receives remuneration from the partners that we work with in order to keep TheBankruptcyService.co.uk operating. Those partners must charge a fee to the customer to likewise cover operational costs, and this amount will vary depending on the solution offered, and the terms of the parner. For details of these terms, please refer to the website of the organisation dealing with your bankruptcy. Upon application with TheBankruptcyService.co.uk, we will forward your information on to one of our specialist debt partners. You will then be contacted, and you will be able to explain your case, and expert advice will be offered in order to ascertain the most appropriate debt solution.