Bankruptcy – Explained

Bankruptcy

Bankruptcy is sometimes the best solution to enable you to make a fresh start. Only used as a last resort our team are able to assist clients with this difficult but sometimes essential solution.

Advantages of Bankruptcy

  • Provides peace of mind and possible automatic discharge after one year
  • Gain protection from legal action by creditors
  • Allows creditors a full investigation of debtors affairs

Disadvantages of Bankruptcy

  • You will not be able to obtain credit for more than £500 without permission
  • You lose control of your assets eg car
  • You cannot trade in any business under any other name unless you inform all parties concerned of your bankruptcy
  • Your credit record will be affected for up to six years after annulment

Is this right for you?

Find out if this is the right solution for you by calling one of our trained advisors

We could help you

  • Reduce your Debt Repayments
  • Freeze Interest Rates
  • Stop Legal Action
  • Give you Free Debt Assessment
  • Negotiate with your creditors
  • Find the best solution for you

Your Name (required)

Your Phone (required)

Your Email (required)

Chosen Method of Contact

Subject

Enter your debt size

Short description of your debt problem

Enter into box below
1188616835 Bankruptcy Explained