Question

PopEye2

Hi if I declare myself bankrupt does my OAP Pension and PIP count as income,,

chiarieds

Hi @PopEye2 - Welcome to the community. I've been trying to look into this for you & here are some links. See: https://www.moneyadviceservice.org.uk/en/articles/how-to-declare-yourself-bankrupt

Free debt advice: https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator

I've seen StepChange in particular mentioned on this forum

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/bankruptcy-explained/bankruptcy-overview/

https://www.gov.uk/bankruptcy

From the above sites, getting some free debt advice definitely seems advised, which I hope may help you.

janer1967

Hi and welcome to the community, I am no expert on this but from reading on the internet a pension would be cassed as income but PIP wouldnt.

You should get expert advice though before doing anything contact CAB or welfare rights. 

Other members may have more knowledge and I am sorry if ehat I have found is incorrect 

woodbine

Hi @PopEye2 @janer1967 is I think correct that PIP won't be counted but SRP might be a great source of advice on this would the stepchange
https://www.stepchange.org/contact-us.aspx

Ross_Scope

Hi @PopEye2 and welcome to the online community  

I hope the two posts above have provided you with some helpful advice and as @janer1967 says you can find useful information about managing finances over on Citizens Advice.

I'm sure more expert users on here will also be willing to give advice on this topic.

Again, welcome to the community, I hope to see you around here a lot more! 

Chloe_Scope

Welcome to the community @PopEye2, please let us know if there is anything else we can do to help.

mikehughescq

Bankruptcy is a drastic step and not to be taken lightly or without accurate detailed advice after investigation of your full financial position. Bluntly, this is not one for a forum. This is one for financial advice. That is regulated and cannot be given by lay people. It is potentially an offence to do so. So, you need professional debt advice with some independence.