Find out if you qualify for Bankruptcy online

Bankruptcy is often seen as a last resort for people with significant debt problems

If your situation is unlikely to improve and you have limited assets, it can
be a positive step towards resolving your debt and starting over.

  • Stop hassle and contact from
    creditors and debt collectors
  • Interest and charges on your debts
    can be frozen by the court
  • Any outstanding debt will be
    written off - usually within a year
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  1. Take our Bankruptcy Test OnlineFill out the a few details about your
    debt - it will only take 30 seconds
  2. We'll find you the right solution We'll work out which debt solution
    might be best for you
  3. We'll get you the advice you need Get advice on setting up a debt solution
    from one of the UK's top debt companies
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How can our debt solutions help?

Clearing your debts is going to take some hard work and commitment from you. The solutions we offer make it easier for you to take control of your finances.

Compare our debt solutions to see all the benefits they offer. You'll be able to find out which solutions you could qualify for - and get help setting one up from a qualified adviser.

We work with the UK's leading debt solution companies
  • Debt Free Direct
  • Baines and Earnst
  • Eaga
  • Ideal Debt Solutions
  • National Money Helpline
  • Money Debt and Credit

Bankruptcy News

Nearly 120,000 people in the UK were declared insolvent last year. With the economy approaching another recession and unemployment figures increasing, the number of people that will have to be declared insolvent may rise this year.

Today in the UK, individuals owe £1,244bn in mortgages and £208bn in other loan types such as personal loans and credit card debts.

Over 300 people are declared bankrupt every day, however not everyone can qualify for bankruptcy. You can find out if you could qualify by using our bankruptcy calculator.

Bankruptcy statistics

  • 331 people are declared bankrupt or insolvent every day
  • 101 properties are repossessed every day
  • Insolvency increased by 2% in Scotland
  • The average household debt is £55,823 including mortgages
  • 1,797 people are made redundant every day
  • 857,000 people have been unemployed for over 12 months
  • £15,680,000 of loans are written off by banks every day

Bankruptcy help

Bankruptcy is a debt solution for individuals who are completely unable to pay back their debts. Bankruptcy may be suitable if you are cannot afford your debts, sometimes you may be forced into bankruptcy by your creditors.

While bankruptcy can help clear your debts there are many disadvantages to consider. With bankruptcy all your assets may be taken such as your home, car and anything else you own to recover some of the money you owe.

Not all debts will be cleared with bankruptcy, debts such as student loans, court fines and child maintenance costs cannot be cleared.

Learn more about bankruptcy »