Qualify for Bankruptcy
Bankruptcy Form Completion

Qualify for Bankruptcy | Bankruptcy Completion


Bullet PointA real fresh start for debts that will never be repaid
Bullet PointWe offer a Bankruptcy Form Completion service from      £150 per person





Your privacy is very important to us. Any information you send to us will be treated with the strictest confidence.

What is Bankruptcy?

Bankruptcy is a way of legally declaring your inability to pay your creditors. You can petition for your own bankruptcy or a creditor who you owe more than £750 can petition for your bankruptcy. Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due.

When your debts seem totally out of control, so much so that you will never pay them off, bankruptcy can take away all the stress of making debt payments.

Although bankruptcy has a perceived stigma and is publicly advertised, it should always be considered when dealing with insolvency matters.

Bankruptcy Form Completion Service

We now also provide a Bankruptcy Form Completion service. Bankruptcy papers can be quire daunting for some people as they can be over 40 pages long. If you would like to talk to us about going bankrupt just call 0800 043 5135 or use the form below.

Qualify for Bankruptcy

Bankruptcy Testimonial

Bankruptcy Advantages

IVA Advantages Bankruptcy can write off all your debt (exceptions listed below) and leave you totally debt free within 12 months.
IVA Advantages Creditor harassment stops with immediate effect as you no longer have to deal with them.
IVA Advantages If you are living in rented accommodation you will be allowed to stay there (providing you maintain payments).
IVA Advantages If you require your car to travel to and from place of work then this will be deemed acceptable (usually up to the value of approx £3,000).
IVA Advantages It allows you to make a fresh start.


Bankruptcy Disadvantages

IVA Disadvantages Assets may be sold in order to address any equitable value (where applicable).
IVA Disadvantages Some debts cannot be written off such as student loans, court fines, overpayment of benefits and child support.
IVA Disadvantages You are not allowed to obtain credit in excess of £650 without first disclosing your bankruptcy.
IVA Disadvantages You cannot hold position of company director.
IVA Disadvantages You cannot trade in any business under any other name.
IVA Disadvantages Bankruptcy can have implications on certain professions:
You may not practice as a Chartered Accountant / Lawyer
You may not become a Member of Parliament
You may not act as a Justice of the Peace.
You may not become a member of the local authority.
IVA Disadvantages A record of the bankruptcy will remain on your credit file for six years.
IVA Disadvantages Any surplus income in excess of £20 is likely to be requested in an Income Payments Order which would have to be paid to the Official Receiver each month for 3 years.


Bankruptcy Questions and Answers

Do I qualify for Bankruptcy?

The best way to see if you qualify for Bankruptcy, or any of our other solutions, is to speak to one of our friendly financial experts. All advice is free and we will help you achieve your best possible solution. We strive to help you no matter what your situation.

To find out more contact us now or fill out the form above.

Bankruptcy Fees

If your debts are serious enough that you are considering the prospect of going bankrupt, you need to be aware that there are charges for declaring yourself bankrupt. These being a £150 court fee and a £450 to help meet the costs of the Official Receiver. This could mean total costs of £600 which you are legally bound to meet yourself.

If you are on means-tested benefits, then you will be exempt only from the court costs of £150. This is another reason why it's so important that you get debt help and consider all other possible debt solutions such as an IVA (Individual Voluntary Arrangement) first.
Note: These fees are correct at time of publishing.

What will Bankruptcy mean for me?

  • - Creditor contact will stop with immediate effect.
  • - You will be discharged after 12 months (sometimes less) with your debts written off.
  • - If you have been bankrupt before you may incur a bankruptcy restriction which would see the bankruptcy extended up to a maximum of 15 years.
  • - You will lose control of your assets.
  • - You cannot obtain credit of more than £250 without informing the lender that you are bankrupt.
  • -The Official Receiver must investigate your affairs to confirm information that you have submitted is accurate.
  • - You cannot act as company director.
  • - You cannot be involved in the management of a Limited Company.
  • - You must only trade under your own name for the period of the bankruptcy.
  • - You cannot continue to practice as a Chartered Accountant / Lawyer / Solicitor.
  • - You cannot become a Member of Parliament or Local Authority.
  • - All household goods (furniture, television, appliances …) and your vehicle (within reason) are exempt from bankruptcy.
  • - Your name will be published in the local newspaper.

What Debts will not be written off by Bankruptcy?

  • - Student Loans
  • - Secured Debts (Mortgage / Hire Purchase)
  • - Court Fines i.e. Child Support Agency payment, Maintenance orders and other fines made through the family courts.
  • - Any debts that are connected with fraud.
  • - Any debts connected with (or arising from) personal injury claims.
  • - State benefit overpayments


Avoid Bankruptcy

When faced with troublesome debts it can be difficult to know what to do. We specialise in debt advice and can advise you on all your options. Bankruptcy may not be your best option and there may be better alternatives. Fill in the form above and our advisors will advise you for free.