IVA



Advice / Information


 

Bankruptcy advice

 
 

There can be incredible amounts of stress and concern that results from having hugh debts and if you ignore it things only get worse, the best thing you can do is contact us and we can give you the right advice.

If you do nothing your creditors can take you to court and force you in to a bankruptcy situation.

By asking our professional advisors to file for bankruptcy on your behalf you will be in contral of how matters proceed and our professional advisors will be with you to give adive on each step that you need to take.

Even if you are delcared Bankrupt, you can keep bedding, profeesional traders tools and equipment,, clothes, household furniture, your vehicle (if valued less than£2500) and other white goods. Once we take you into bankruptcy the bailiffs can't come after you and hassle you. If you are in bankruptcy, no creditor can come and pester you for any debts as you wil then be protected by the UK courts and the insolvency administartor..

In most cases after having become bankrupt you only need to wait 1 year and after that date all your debts will disapear and you can start afresh with a clean slate and no debts and all restrictions lifted.

If you don't have a freehold house, and your work or occupation isn't compromised , then being made bankrupt could be your best option.

For more advice you need to tell us your specific circumstances and then we can advise you. If you completean enquiry form our professional advisors will call you and give you personal advice.

 



   

Is Bankruptcy Right For You?

It could be that bankruptcy is the most suitable debt solution for you.

You may hear that bankruptcy should be considered a last resort, and that you should try an IVA (Individual Voluntary Arrangement), IPP (Informal Payment Plan) or DMP (Debt Management Plan) first, but this isn't always suitable. What's right for you depends entirely on your circumstances as these are all solutions to the same problem, but tackled differently.

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Bankruptcy Assistance Service

You may find that you would benefit from professional help in completing your Statement of Affairs and Bankruptcy Petition.

From the time that you decide to apply for a bankruptcy order, to the day that you are declared bankrupt, you may seek assistance in order to keep your creditors and bailiffs at bay. In addition, performing your own research into bankruptcy often results in receiving conflicting information, depending on the source(s).

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How to File for Bankruptcy

After you've sought financial advice, you can either file the required paperwork yourself, or use the help of a Solicitor, Insolvency Practitioner or Bankruptcy assistance service to take care of everything.

Professional guidance can ensure that all Court paperwork is completed, creditors are kept at bay, legal action is averted...

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Effects of Bankruptcy

You will be instantly free from debt and no longer held responsible for any previous debts.

It will be a new start for the whole family so that you build a new life without worryand stress a normal life which you can enjoy. None of your creditors can come knocking on your door execept those who are secured after bankruptcy.

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