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

Personal bankruptcy will clear your personal unsecured debts, but in doing so it will stay on your Credit File for 6 years, which can impact your future borrowing during that timeframe. An alternative method of insolvency is an IVA, which often can be ideal should you have equity to protect, or a job which is excluded from personal bankruptcy.

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

For those living within Taunton 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.