• Freeze interest and charges on your debt immediately
• Stop contact and demands from your creditors
• Consolidate your debts into one affordable monthly payment
• A clear plan to get you out of debt at a sensible pace
• Free expert help and advice with no obligation or pressure

Bankruptcy FAQs

Q: Who can I talk to about bankruptcy and the other options available?

A: Check our frequently asked questions or call one of our expert advisors for free who can run through all the options, the pros and cons, the costs and the alternatives to bankruptcy.

Q:What is Bankruptcy?

Bankruptcy is one way (there are alternatives) of dealing with your debts when you can not pay them. Bankruptcy will, with some restrictions, free you from overwhelming debts and share out your assets amongst your creditors.

Q: I have recieved a bankruptcy order what should I do?

It is important that you get some expert advice as soon as possible so you can explore all of your options. We provide free expert advice so contact us immediately and we will be happy to help and run through the options available.

Q: What are the alternatives to bankruptcy?

Depending on your personal circumstances there are very often better alternatives than bankruptcy including an IVA and debt management plan. Our expert advisors can discuss these options with you including what you qualify for, what is involved and the pros and cons of the different options.

Q: What will I lose if I declare bankruptcy?

All your assets can be seized including your home, car and other assets. Clothes, household equipment and furniture will not be taken.

Q: How long does bankruptcy last?

Bankruptcy usually last for 1 year but can be longer dependent on your circumstances and the information you provide.

Q: What about my credit rating?

Unfortunately bankruptcy has a very bad affect on your credit rating and will make it very hard to borrow money or use credit cards for some time. There are other options that will have a much less damaging affect on your credit rating, call our experts free of charge to find out if you qualify for these options.

Q: What does bankruptcy cost?

The standard court fee and administration fee are £157 in total.