Secured debts are not included in bankruptcy, so as you’ve been allowed to retain your property, the important thing is not to panic, but to work out with the creditor a plan for paying back this amount. It’s surprising that the creditor has not contacted you before, but they should be thankful of any effort on your behalf to start paying off the debt, and thus that should not lead to any further penalties or restrictions for you.
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.