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Eliminate Debt With Bankruptcy As A Last Resort
Nowhere To Turn? Contact Us Now!
Bankruptcy is a serious matter and should be considered only as a last resort. If you can no longer meet the debt repayments to your creditors, you can either voluntarily file for bankruptcy or your creditors can file a bankruptcy petition to the courts.
Talk to our expert advisors for professional help and they may be able to talk to you about less drastic options. In most cases, creditors are far more receptive to IVAs, which will save you from turning to bankruptcy.
If you are seriously considering bankruptcy, contact one of our advisors now. They will be there every step of the way.
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- Bankruptcy will relieve you from creditor pressure
- Once you have been discharged (usually 12 months), you will get debt elimination and no longer be liable for outstanding debts included in your bankruptcy
- Bankruptcy will eliminate debt and provide you with a fresh start
Considerations
- Filing for bankruptcy will cost you in court fees and administration fees
- Bankruptcy cases will be published in local newspapers and on the internet.
- Your Official Receiver can sell any of your assets, including your home, your car and any household goods deemed to be of excessive value
- Bankruptcy may jeopardise employment in professions such as the Police Force, Armed Forces, Local Council and Government Offices
- You will be unable to act as the director of a company
- You will be unable to take part in the promotion, formation or management of a limited company without the permission of the court
Other possible options: Re-Mortgage | Debt Consolidation Loans | Individual Voluntary Arrangement (IVA) | Monthly Payment Plan
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