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We offer confidential, sympathetic information and help for people who are considering going bankrupt.

Our team can help to answer any question about bankruptcy, just get in touch.

We can assess your situation, provide information on bankruptcy and help you understand the steps to going bankrupt. Formal debt solutions may not be suitable for every circumstance. Fees may apply and your credit rating may be affected.

“You’re not alone, our friendly staff help people in similar situations to yours every week.”

If bankruptcy is unavoidable, the longer it is delayed the worse your financial position is likely to become.

Is bankruptcy right for me?

Bankruptcy

Bankruptcy Benefits

Duration

Bankruptcy often lasts for only 12 months in total.

Legal Protection

Once approved, creditors can no longer proceed with legal action against you.

Peace of Mind

Creditors are no longer able to contact you regarding your debts.

Interest & Charges

Interest and charges are frozen once the bankruptcy application has been approved.

A Definitive Outcome

Most people are discharged from bankruptcy after 12 months at which point all included debts are written off, giving a fresh start.

Check Your Options

Bankruptcy Considerations

Assets

If you own a home or possessions of significant value, these items could be sold to help repay your debts.

Fees

There is an application fee of £680, although this can be paid in installments.

Payments

You could be asked to make payments towards your debts for a period of up to 3 years.

Credit Rating

Bankruptcy will be recorded and have a negative impact on your credit file for a period of 6 years.

Public Register

Your personal details will be recorded on the Insolvency Register which is a public record.

Employment

Bankruptcy may impact your employment; therefore, you should always check the terms of your employment contract before making an application. You are also unable to be a company director unless you have permission from the court.

If you wish to see if you are eligible for Bankruptcy, our expert team of Advisors are here to help.

Debts you can include in a formal solution

Catalogues

Credit Cards

Credit Contracts

HMRC

Overdrafts

Payday Loans

Personal Loans

Store Credit