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Learn about Bankruptcy
Bankruptcy should be a last resort when it comes to debt management.
Read our guides to find out if there's a more suitable debt solution for you that would mean you could avoid declaring Bankruptcy.
- What is Bankruptcy?
- What are the advantages of Bankruptcy?
- What are the disadvantages of Bankruptcy?
- What does Bankruptcy cost?
- Will you lose your house?
- Will you lose your assets?
- Could you avoid declaring Bankruptcy?
- How long does Bankruptcy last and what effect will it have on your credit rating?
- What is a Bankruptcy Restriction Order?
Could you avoid declaring Bankruptcy?
If you are struggling financially, it is very important to consider all the debt solutions available to you before you go ahead with any of them.
Declaring yourself Bankrupt is a very extreme measure and should only be considered as a last resort because of the long term effects it would have on your career, home, earnings and credit rating.
Alternatives to consider
Read our guides to IVAs, Trust Deeds, Debt Management Plans and Debt Relief Orders to see if any of them would be more suitable to your debt situation.
Use our free online comparison tool to analyse your debts, income, place of residence, job status and disposable income. We'll work out which of our debt solutions might be best for you and help get you started on the road to financial stability.



