When you have mounting debts with no prospect of paying them off, applying for bankruptcy is often an efficient way to treat the situation and give you an opportunity to have a fresh start.

Personal bankruptcy will clear your personal unsecured debts, but in doing so it will stay on your Credit History for six years, which can cause problems for your future borrowing during that timeframe. Another method of insolvency is an IVA, which could be best suited should you have equity to protect, or a career that is excluded from personal bankruptcy.

If bankruptcy is definitely the solution you're looking for, then the necessary documentation will eventually be filed at your local County Court.

For those living within Stafford 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.