Bankruptcy is a serious step. It involves all of your assets passing to the official receiver. The official receiver will then decide how those assets will be used to pay off your debts. There may also be a monthly payment to make to the official receiver who will use it towards creditors.
Please contact us before making any steps towards bankruptcy. There are alternatives and we may be able to assist you to prevent bankruptcy.
We also run a bankruptcy advice service in order to guide you through the process.
Areas of specialism
- Assessing all the options
- Assessing eligibility for bankruptcy
- Reviewing your ability to gain credit in the future