When you have mounting debts with no prospect of paying them off, filing for bankruptcy can be an effective way to remedy the problem and give you a chance to have a fresh start.
Personal bankruptcy will clear all your unsecured debts, but in doing so it is going to stay on your Credit Report for six years, which can cause problems for your future borrowing during that timeframe. Another form of insolvency is an IVA, which might be ideal in case you have equity to protect, or an occupation that is excluded from personal bankruptcy.
If personal bankruptcy is definitely the answer you're looking for, then the appropriate documentation will eventually be filed at 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.