Bankruptcy can help you when you have failed to use all means to repay your debts.

Assistance with Bankruptcy in the UK: Make a Fresh Start of Debt-free Life

When Bankruptcy is the Right Option for You?

Bankruptcy can prove to be the right choice for you when -

  • You don’t have enough income or assets for debt repayment
  • You owe unsecured debt of £5,000 or more
  • You are on the edge of not finding any other way of resolving your financial problems
  • Debt Management Plan or Individual Voluntary Arrangement don’t seem to be feasible for you anymore

Features of Bankruptcy for Debt Solution

icon

Resolves severe financial crisis

icon

Definite timeframe

icon

Safety from creditors calls and letters

icon

Complete debt relief

quality-img

Why Choose Bankruptcy?

Bankruptcy is different from that of other debt solutions you might have considered before. It is like the ultimate nail on the wall that can save you from financial crisis. Bankruptcy enables you in -

  • Complete Debt Clearance: Bankruptcy allows you to give a fresh start, clearing all the debt-related information from your slate and helps in rebuilding your financial strength again.
  • Preventing Harassment from Creditors: Creditors are not allowed to contact you anymore or communicate with you about their debt once you are declared bankrupt.
  • Legal Protection: Declaration of bankruptcy protects you legally. You will not receive any more court orders or deal with bailiff visits anymore.
  • Affordable Processing: The charges required for making bankruptcy in place are not that much so that a person in financial crisis can afford it.

quality-img

Types of Debts Cleared by Bankruptcy

You can deal with your financial crisis by declaring bankruptcy when you have any of the following unsecured debts.

  • Personal loans
  • Credit card loans
  • Payday loans
  • Council tax arrears
  • Utility bills
  • Store cards

5 Steps of Processing Bankruptcy Declaration

01

step-icon

Consult with expert debt specialist

02

step-icon

Submit your application for bankruptcy

03

step-icon

Appointment from official receiver

04

step-icon

Monthly payment (when applicable)

05

step-icon

Relief from bankruptcy and debt

Do you have questions on bankruptcy? Find the answers here.

Frequently Asked Question

If you have debt that equals the value of your house, your house may be sold to clear your debts. However, based on some special circumstances, you may have some legal protection for your house also.

Creditors are not allowed to call you or contact you when bankruptcy is being declared. They will also be prohibited from taking any legal action against you.

If the price of your car is not that high or you need it in your daily life, your car will be spared from bankruptcy debt settlement.

Usually, it takes 12 months to get the bankruptcy settlement done and within that timeline, your debts will be cleared off.

Settle Your Debt Amount to Zero by Declaring Bankruptcy

Is it impossible to repay the debt anymore? Go for a free consultation with our experts to know how bankruptcy declaration can help you to get out of this situation.