Summary :
 |
Debt
write off - usually a large amount of debt
is written off. |
|
Fixed
period - usually your bankruptcy will last
for 12 months. |
|
Reduce
stress - no need to contact your creditors. |
What is Bankruptcy?
Bankruptcy is a formal insolvency
process and is generally considered to be the
most restrictive and severe of all the personal
debt solutions available to you today, although
in certain circumstances it can be the most
appropiate. More
info
How can you help me?
If bankruptcy is the right option
for you, we can advise you on what to expect
in the event of your bankruptcy. We can also
assist with the completion of the relevant paperwork
required to make yourself bankrupt. More
info
Does Bankruptcy protect me
from my creditors?
Bankruptcy protects you from your
creditors and releases you from your debts (although
there are some debts that survive bankruptcy,
such as court fines, student loans and matrimonial
debts).
Some people still perceive bankruptcy
to have a stigma attached and the fact that
it is sometimes publicly advertised can deter
people.
How much will it cost?
It currently costs £600
to make yourself bankrupt. This amount is payable
to the Court at the same time that you apply
for bankruptcy. Your bankruptcy will generally
last about a year.
How will I know if an Bankruptcy
is right for me?
Before we suggest Bankruptcy we
will talk through all the options open to you
to resolve your debt problems, as there may
be a more suitable option for you. We will also
explain the pros and cons of each option and
answer any questions you may have. More
info
We can advise on whether Bankruptcy
is the right solution for you.
