What is Bankruptcy?
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Some people faced with overwhelming debts choose bankruptcy. With bankruptcy you would raise funds by selling any assets that you own - for example your house - in order to pay the people that you owe money to. There are, however, serious implications to being made bankrupt. These include having your details advertised in the newspapers and not being able to do certain jobs.
For more information, please visit our Bankruptcy Information Page.
Important Information About Our Service & Fees
Whilst we strive in all cases to negotiate the best deal with your creditors, we cannot guarantee a reduction in interest or charges. Also as one of the largest providers of debt management solutions in the UK, we are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. We aim to keep these fees as low as possible and believe that we are very competitively priced. View more detailed information on our fees including examples for each product here.
Further Additional Information
The insolvency service has produced a guide for people who are struggling with debt, which outlines each of the available solutions.
If an IVA is not maintained it could lead to bankruptcy.
