When you have mounting debts with no prospect of paying them off, applying for bankruptcy can be an efficient way to treat the problem and give you the chance to have a fresh start.

Bankruptcy will clear all of your unsecured debts, but in doing so it is going to stay on your Credit History for six years, which can hinder your future borrowing during that timeframe. Another method of insolvency is an IVA, which often can be suitable if you have equity to protect, or a profession that is excluded from bankruptcy.

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

For those living within Colchester 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.