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

Personal bankruptcy will clear all of your unsecured debts, but in doing so it's going to remain on your Credit Report for 6 years, which will cause problems for your future borrowing during that timeframe. An alternative method of insolvency is an IVA, which might be ideal if you have equity to protect, or a job which is excluded from bankruptcy.

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

For those living within Kingston-upon-Hull 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.