Bankruptcy

We can help offer you bankruptcy advice and see if there is a better alternative for you which allows you to avoid some bankruptcy implications.

Bankruptcy is an extreme solution as it is a very public process. All of your possessions and disposable income are converted into cash to go towards repaying some or all of your outstanding creditor commitments.

Bankruptcy should only ever be suitable for debtors when all other options have been fully exhausted.

If you find yourself in such a serious financial difficulty that you are considering bankruptcy, please call us on 0808 131 9101 and let one of our specialist advisors help you through this confusing time.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)