BANKRUPTCY
Is bankruptcy the right step for you?
ADVANTAGES OF BANKRUPTCY
- Bankruptcy can allow you to be debt free when there is no other way to achieve this
- Creditors will stop hassling you when you're declared bankrupt
- You can be debt-free in 12 months
- Bankruptcy allows you to make a fresh start
THINGS TO CONSIDER
- There are many very serious consequences of bankruptcy
- You could lose your business and any other valuable assets
- Bankruptcy will stay on your credit record for a minimum of six years
- There may well be a better alternative to bankruptcy - always check the options available to you
What is bankruptcy?
Bankruptcy is when you admit legally that you can't pay off what you owe to your creditors. You can do this as either a private individual or a business. You can also have bankruptcy imposed upon you, usually by creditors who are trying to recover money that you owe them. Any valuable assets you have will be used to pay back your creditors. As such, declaring bankruptcy is a very big step that needs careful consideration.
Want to find out more about bankruptcy?
To discuss your financial situation and determine which is the best repayment option for you, please call one of our advisors on 0808 168 8325 now or submit the simple debt help form on this page.
CALL FREE ON 0808 168 8325 OR COMPLETE THE FORM AND SUBMIT NOW