Get expert support and advice throughout the Bankruptcy process
If you cannot afford to repay your debts and are feeling stressed by your situation, Bankruptcy could help to relieve the financial pressure.
Filing for Bankruptcy is a big step – and one that needs careful consideration. Our trained advisors provide support and guidance to all people filing Bankruptcy orders. It’s our job to deal with the complex arrangements, procedures and paperwork involved on your behalf.
Bankruptcy normally lasts for 12 months, so after this time you could be released from your Bankruptcy Order which means you will be free from unsecured debt
- Stop pressure from lenders
Once you have been declared bankrupt, lenders can no longer chase you for payment – which will help to cut pressure surrounding debts.
- Guidance throughout the process
Bankruptcy can be a confusing process – but you don’t need to go through it alone. Our Bankruptcy Support Service will help you to make sure all your paper work is in order and completed correctly so your Bankruptcy Order can be processed as quickly and as smoothly as possible.
You will no longer need to make repayments on your debts every month when you declare bankruptcy. However, in some cases, you may have to make contributions from your salary for three years from the start of Bankruptcy to help repay what you owe, but this will depend on your personal situation.
We always say Bankruptcy should be considered as a last resort. But if you really cannot afford to repay your debts and have no way of clearing what you owe, then Bankruptcy could be the answer to your debt problems.
Want to know more?
Visit our FAQ's page, or speak to one of our experts for no-obligation advice
0800 015 3135