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

Personal bankruptcy will clear all your unsecured debts, but in doing so it's going to stay on your Credit File for 6 years, which will impact your future borrowing during that timeframe. Another form of insolvency is an IVA, which often can be best suited for people who have equity to protect, or a career that is excluded from bankruptcy.

If personal bankruptcy is definitely the answer you're looking for, then the required paperwork will eventually be filed at your local County Court.

For those living within Manchester 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.