When you have mounting debts with no prospect of paying them off, applying for bankruptcy can be an effective way to remedy the situation and provide you with an opportunity to have a fresh start.
Bankruptcy will clear your personal unsecured debts, but in doing so it's going to stay on your Credit History for 6 years, which can cause problems for your future borrowing during that timeframe. Another form of insolvency is an IVA, which could be ideal in case you have equity to protect, or an occupation that is excluded from bankruptcy.
If personal bankruptcy certainly is the right choice for you, then the required documentation will eventually be submitted to your local County Court.
For those living within Brighton
we have included the court details below. You only need to contact the court if you already have everything prepared, including your Statement of Affairs and Debtor's Petition, and you are ready to finalise the Bankruptcy Order.
To arrange a consultation you can complete this online form
, and an experienced Advisor will be in touch to assess your situation and advise you accordingly.