When you have mounting debts with no prospect of paying them off, declaring bankruptcy can be an efficient way to remedy the situation and give you an opportunity to have a fresh start.

Bankruptcy will clear all of your unsecured debts, but in doing so it is going to remain on your Credit Report for six years, which can impact your future borrowing during that timeframe. An alternative form of insolvency is an IVA, which may be best suited for people who have equity to protect, or a profession that is excluded from personal bankruptcy.

If bankruptcy certainly is the solution you're looking for, then the necessary paperwork will eventually be submitted to your local County Court.

For those living within Bury 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.