Bankruptcy | Bankruptcy advice | Avoid Bankruptcy
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. Pros and Cons of Bankruptcy
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. Bankruptcy FeesIf 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 £140 court fee and a £310 to help meet the costs of the Official Receiver. This could mean total costs of £450 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 £140. 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. Avoiding BankruptcyThere are ways of avoiding bankruptcy or even getting a bankruptcy annuled. One way could be to enter into an IVA. If you are experiencing difficulties repaying your debts you should always explore all your options. Bankruptcy may be your most appropriate option but make sure you know what is involved, how your assets (house, car etc) will be afffected and what long term constraints will be placed upon you. We are very experienced in dealing with Bankruptcy enquiries so you should call us for a free telephone consultation on 0800 043 5135.
|
form to work out what you
could be paying your
creditors each month.
Debt Calculator National Debt Relief © 2009 All rights reserved. Company Reg No: NI051195. Regulatory Bodies
Our advice on your best financial solution is free. Contact Us | Sitemap
| Debt Advice | IVAs | Debt Management Plans |
Trust Deeds (Scotland) | Other Debt Solutions | Debt in the News |
| Debt Advice About Us Contact Us |
What is an IVA? Types of IVA IVA Questions IVA Examples IVA Testimonials Rejected IVAs |
What is Debt Management? Debt Management Questions Debt Management Case Studies Debt Management Testimonials |
What is a Trust Deed? Trust Deed Questions Example Trust Deed Cases Trust Deed Testimonials |
Bankruptcy Remortgages Consolidation Loans Debt Relief Orders |
Our Debt Articles In the Press Links and Resources |

