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Should you declare bankruptcy?
3 easy steps to find out if bankruptcy is best for you...
- Fill in your details - it will take no more than 2 minutes
- Find out whether bankruptcy is best for you with our free calculator
- We'll select the best advisor from 13 of the UK's top debt companies
We work with the UK's top debt companies |
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| Get advice from over 100 trained multi-lingual debt counsellors. | Their debt advisors help over 30,000 customers each month. | One of the UK's largest and most famous debt management advisors. | Recently voted Debt Management Provider of the Year 2008. | Have helped over 100,000 people with their debt problems since 1996. |
How can Bankruptcy help you?
Make a fresh start and be debt-free
- Reduce your debt - gives you the option to be debt-free when all else fails
- Reduce your hassle - creditor demands will be dealt with, so they won't be hassling you
- Reduce your stress - After one year, it will all be over and you can make a fresh start
1000s file for bankruptcy through our advisors each month...
- Your telephone calls and payment demands stop
- Can only last as little as a year
- Administration fees cost less than an IVA
- Make a fresh start
So you need debt help, but which advisor should you use?
Search our panel of the UK's top advisors now »
Your Questions Answered
- How long will it last?
- Bankruptcy usually lasts for 1 year but can be extended if you don't reveal everything about your finances.
- How much does it cost?
- The Court Fee is £150, an administration fee and a £7 fee to swear the statement of affairs.
- What are the negative effects?
- Your credit rating will be severely affected, and your assets will be seized.
- Do I lose everything?
- All your assets will be seized, but clothing, furniture, and household equipment won't be taken.
