Bankruptcy | Go Bankrupt | Avoid 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 fill out the form above.

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.

We offer a Bankruptcy Assistance Service from £150 per person. This includes filling in your bankruptcy forms (up to 40 pages) and completing an Income and Expenditure fact find to support your application.

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.

• 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.

• 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